in the last year this stock has gone down. fact. gold has gone up. most gold stocks are up. also
4 rigs drilling most of the time, one moderate set of drill results to show which were inconclusive
1 very poorly advised placing pulled leading to a placing at a substantially lower price
placing was before the drilling results, you have to ask why if you owned the stock before hand and got diluted as a result
the project looks if it is proven up to be a relatively low grade large open pit multi metal deposit and therefore not very like lihir island which i believe from memory is refractory, much higher grade and fewer recoverable metals.
questionable show-man as the ceo.....
largest investor sadly got corpsed and has started to sell.
over a year until any JORC resource which could be pushed back if mediocre drill results
no infrastructure whatsoever on the island significantly raises the economics barrier esp. on a lowish grade resource.
as such that is why the stock as basically stagnated since it rerated on the back of a well worded announcement by management which pulled the punters in in droves.
ROL Price at posting:
$1.92 Sentiment: Sell Disclosure: Not Held
