Really constructive questions coolviews, I have asked the same as well. At the moment the price is cheap and so accumulation is steady.
This announcement is price sensitive and good news confirming what we already know and giving us more to chew on. If you are in a hurry here to make a profit then I'm sure ROB is going to move rapidly swinging nicely in its own time.
A few months is nothing really. ROB could do anything as seen in December. There are allot of changes that we can predict will grow the companies value cheaply. Do not hold up CR as an example of price collapse when it is designed to do the opposite and develop assets.
ROB needs to stick to its plan and take things one step at a time adding new members to its team and raising capital and developing its asset. Fortunately coal is a quick license to develop. Right now ROB is underestimated and undervalued. They have approved this license because of the return on investment.
A fair spec if ever I have seen one...
Allot of people are quite sensibly holding for at least 4-5c! Anticipating some positive news flow makes these prices look very attractive. The management have the skills to continue to develop this and everyone can see by this announcement that their overall Mongolia strategy is on track.
Freaking out about a few months is quite funny to me and the people who sold today were thinking what exactly?
PS - DYOR!
Kind Regards
ROB Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held