Reckon this one is a slimy oil cat bounce....one that sucks you in and spits you out. Having said that...it's a dog of a share especailly if you particpated in the capital raising in the mid 70's....would have been more aptly named as the "Capital Destruction Issue "" . Same management ? Have not quietly dismissed themselves yet ? Unbelievable. Guess we should be grateful for having same fabulous management....yes in Mid 06...ROC was $4.50 a share....now the SP is less that 10% of this figure. These guys have a natural talent for wrecking shareholder capital and value. What's thier benchmark before they resign ? 5% of of $4.50 ? 50% of the last capital raising ?
ROC Price at posting:
36.5¢ Sentiment: Sell Disclosure: Held
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