McCoy Pauley
Get out of here Budweiser!
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Gah, missed out this morning because I was in meetings. Now I'm really not sure that at $1.52/share it's worth putting money in this stock.
ROL - Robust Resources
- Thread starter tamim619
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- robust resources rol
Yeh I took some significant profit this afternoon and will buy in hopefully on some weakness....I believe there is monumental potential upside in this stock, but at $1.60, I had a gut feeling and ran a few calcs and decided it was getting a bit ahead of itself....
TRF is the one people should probably logically be buying for the offer if they and there broker deem its still CUM....ROL is getting dragged along for the ride with TRF....
I pumped my profit into another one of Haselhursts, SGZ which IMHO seems rediculously, stupidly, horendously, recockulously (is that even a word) under priced..... the undiscovered upside now in SGZ is completely off the rictar scale....
Will look seriously at raising stake in OBJ if ROL does not pull back for a repurchase...
McCoy Pauley
Get out of here Budweiser!
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Announced yesterday that it successfully completed a placement of 6,325,000 shares to institutional and sophisticated investors at $1.20/share. That's a big discount compared to its current price of $1.53/share. Talbot Group Investments increased its stake in ROL from 13.8% to 16.8%.
Funds are to be used to expand existing drill program in Romang Island, accelerate exploration in Indonesia, commission full-scale metallurgical tests and improve logistics and infrastructure at Romang Island.
http://www.asx.com.au/asxpdf/20091223/pdf/31mx8cpbz3wbj6.pdf
Funds are to be used to expand existing drill program in Romang Island, accelerate exploration in Indonesia, commission full-scale metallurgical tests and improve logistics and infrastructure at Romang Island.
http://www.asx.com.au/asxpdf/20091223/pdf/31mx8cpbz3wbj6.pdf
Damn - I had left a sell on from xmas eve for 1.85 and lost 2/3rds of my holdings in early trade yesterday morning making only a few hundred $ instead of several thousand by the arvo.....
Im still in for several thousand shares , but damn. Xmas distractions cost me about $4-6000 yesterday......was a very expensive xmas eve few beers in opportunity cost ...... live and learn ay.
ROL at 2.39 = wow, Im seriously starting to wonder though if its got 10 miles ahead of itself. Its highly exciting, but highly speculative at current price, with no real earnings yet to uphold such a price. Theres serious upside in its asset reserves and potential discoveries, but is it getting too far ahead of tself too soon. One wonders...
I think the hugely volatile intra day and intra week price offers opportunities for traders, but its also indicative of most holders / traders wondering the same thing.
Im still in for several thousand shares , but damn. Xmas distractions cost me about $4-6000 yesterday......was a very expensive xmas eve few beers in opportunity cost ...... live and learn ay.
ROL at 2.39 = wow, Im seriously starting to wonder though if its got 10 miles ahead of itself. Its highly exciting, but highly speculative at current price, with no real earnings yet to uphold such a price. Theres serious upside in its asset reserves and potential discoveries, but is it getting too far ahead of tself too soon. One wonders...
I think the hugely volatile intra day and intra week price offers opportunities for traders, but its also indicative of most holders / traders wondering the same thing.
News for TRF through 50% holding in IFE and 20% interest in witchery adds value to ROL....
Wait and see, I havent run the detailed numbers but my guestimate is it should be worth an extra 20c or more on todays news
Any body else got an opinion r run the new numbers...
Wait and see, I havent run the detailed numbers but my guestimate is it should be worth an extra 20c or more on todays news
Any body else got an opinion r run the new numbers...
Hold on, why should increases in TRF or IFE add value to ROL? TRF owns 50% of IFE and a 20% free carried interest in IFE's Wilcherry Hill project so clearly any good news for IFE is good news for TRF. Likewise, TRF owns approx 20% of ROL (until the in-specie distribution) and therefore any good news to ROL is good news to TRF.
However, correct me if I'm wrong, but I'm pretty sure ROL has no financial interest in either TRF or IFE, so why should increases in the value of either TRF or IFE result in a rise in ROL's theoretical value?
Hold on, why should increases in TRF or IFE add value to ROL? TRF owns 50% of IFE and a 20% free carried interest in IFE's Wilcherry Hill project so clearly any good news for IFE is good news for TRF. Likewise, TRF owns approx 20% of ROL (until the in-specie distribution) and therefore any good news to ROL is good news to TRF.
However, correct me if I'm wrong, but I'm pretty sure ROL has no financial interest in either TRF or IFE, so why should increases in the value of either TRF or IFE result in a rise in ROL's theoretical value?
Ah ha yes dadzi I stand 100% corrected...my mistake.....I had it round back to front and was multi tasking.....its true I really can only do one thing at a time...sorry for inconvienience...
I got a lot of stocks doing a hell of a lot at the moment and it is difficult at times to manage all the information when sudden changes occur...doing my best and will try to avoid multi tasking,,,,but importantly making lots of money at present...
Hehe, well as long as you're making a lot of money mate! I thought maybe you knew something I didn't about the association between TRF and ROL, and like most people who post in either this thread, the TRF thread or the IFE thread, I've got money in all three and am keen to remain up to date with all of the affairs of this profitable little corporate group!
Unfortunately, I pulled out 50% of my ownership in TRF to fund a holiday, and whilst I'd enjoyed over 150% gain (I bought at .26) I feel there's a lot of upcoming upside that I'm going to miss out on, so I might not make as much money as you in the coming weeks Condog
. But then, I just bought a very thick book outlining the trading practices of Warren Buffet to read on my holiday so maybe that will pay dividends haha. Either way, I reckon the TRF corporate group is a good one - Ian Finch seems very cluey.Disclaimer: Don't sue me, DYOR, we're all here to make money, but leave mine alone
Robust Resources Limited (ASX: ROL) the Indonesian-based gold and base metal explorer, is pleased to announce the appointment of former BHP Billiton Indonesia President Director Andrew James Wilson as Non Executive Director to the Robust board.
This is hugely positive news , not only due to his knowledge and experience, but also due to his networks of contacts, which may ineveitabley help for a high priced takeover at some point in the future...in addition his experience in indonesia and throughout for all types of negotiations is great...
This is hugely positive news , not only due to his knowledge and experience, but also due to his networks of contacts, which may ineveitabley help for a high priced takeover at some point in the future...in addition his experience in indonesia and throughout for all types of negotiations is great...
Nice afternoon for ROL smashing back into and closing at the weeks high of 2.40 again.....Interestingly ROL and TRF had been keeping a lot of relaitve parity in price, but once the IFE announcment came out they each went seperate ways and seem to have divorced....
I think the markets eyes and all the Haselkhurst followers where watching VIL which seemed to rob all the good trading volumes from both TRF and ROL for Thu and Friday.....
I think the markets eyes and all the Haselkhurst followers where watching VIL which seemed to rob all the good trading volumes from both TRF and ROL for Thu and Friday.....
Sold half my ROL holding this morning , kpet half because i think its still got legs, but i found an investment i thought had significant more imediate upside in TON and put the money into that.....
TRF is catching ROL on the back of its little powerhouse in IFE.....
Hopefully ROL will keep powering form me, but im no longer watching itas i have my money back several times over.....so good luck omegos
Any major news i might get back in at some stage....
All the best ROL investors
TRF is catching ROL on the back of its little powerhouse in IFE.....
Hopefully ROL will keep powering form me, but im no longer watching itas i have my money back several times over.....so good luck omegos
Any major news i might get back in at some stage....
All the best ROL investors
Plenty of strange stuff on the market today...
ROL comes out with a great announcment on Romang Island with an extension of its Gold , Copper, Zinc and LEad resource and the SP falls 8.8%... an extension of the zone in a NE direction.... if that extension runs the entire lenght it just possible increased the resource by upto 30% in one announcment.... and yet the sp falls 8.8%.....thank you ... im back in...
Hmmmm just gave me a buying opp.... certainily an irrational moody beast today on several stocks..... could it be the managed funds and banks are back in town...???? or is it the heat getting to the traders...
ROL comes out with a great announcment on Romang Island with an extension of its Gold , Copper, Zinc and LEad resource and the SP falls 8.8%... an extension of the zone in a NE direction.... if that extension runs the entire lenght it just possible increased the resource by upto 30% in one announcment.... and yet the sp falls 8.8%.....thank you ... im back in...
Hmmmm just gave me a buying opp.... certainily an irrational moody beast today on several stocks..... could it be the managed funds and banks are back in town...???? or is it the heat getting to the traders...
McCoy Pauley
Get out of here Budweiser!
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Been busy doing other things today but from what I could see of the market, the sentiment overall was bearish for the day. A fair few companies that have seen their share prices go up rapidly over the past month would have seen a few jumpy investors push the "sell" button. ROL would be in this basket, IMO.
McCoy Pauley
Get out of here Budweiser!
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ROL released the slides of its presentation to UK investors early last week to the ASX - see here.
Haven't had the chance to go through them but could be interesting.
Haven't had the chance to go through them but could be interesting.
ROL plans to purchase of the remaining 25% of the Romang Tenements which is fair enough
my question? why does a director of ROL own company Flintridge Holding Limited own part of the Romang Tenements?
and now we are going to give him 1,666,667 shares for it
this was never covered off at all in any of the independent reports, even the valuation of the entire area is based upon the market cap of ROL?
this just reeks imho.
I do hold ROL
my question? why does a director of ROL own company Flintridge Holding Limited own part of the Romang Tenements?
and now we are going to give him 1,666,667 shares for it
this was never covered off at all in any of the independent reports, even the valuation of the entire area is based upon the market cap of ROL?
this just reeks imho.
I do hold ROL
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Re: Robust Resources
I reckon its turn around time ....
In last week.....
Markets a little scary....hopefully a kick for gold comming .....
I reckon its turn around time ....
In last week.....
Markets a little scary....hopefully a kick for gold comming .....
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I'm about to take this stock off my watchlist (in favour of some other suggestions).
Good reports have been coming in for a couple of years now, only to see the SP slowly decline. Management even issued a release to say Indonesian sovereign risk wasn't a problem and they had a local partner.
It's recently gone below $1 so I'm thinking there's no turnaround in sight and that it's decline will continue. Does anybody know/think any different?
springhill
Make the drill work for YOU
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HIGH GRADE SILVER INTERSECTED AT BATU JAGUNG PROSPECT, LAKUWAHI
• High‐grade silver intersected near‐surface at Batu Jagung
• 57 metres @ 85g/t Ag including 13.2 metres @ 262g/t Ag
• 1.2 Km geophysical target zone remains open to north-*‐east within the large Lakuwahi Caldera
• Systematic drilling at Batu Jagung is projected to add to JORC resource estimate
• 7 rigs undertaking resource and exploration drilling on Romang Island
• ROL remains well funded with ~$35 million in cash and receivables
Previous scout drilling initially confirmed the prospectivity of the Batu Jagung zone. LWD009, which was drilled by Billiton in 1999, intersected a 51 metre zone grading 92 g/t Ag from 5 metres and included a high-grade section of 9 metres @ 254 g/t Ag from 6 metres
Robust Resources Managing Director Mr Gary Lewis said: “Our exploration efforts on Romang Island continue to yield positive results with seven drill rigs operating across the Island.
“These new drilling results at Batu Jagung are very encouraging as they continue the company’s strong record of discovery and success. We are confident that following a systematic drilling programme, this prospect will be a major contributor to a substantial increase in our initial JORC mineral resource inventory of 1.18 Moz Au Equivalent.
• High‐grade silver intersected near‐surface at Batu Jagung
• 57 metres @ 85g/t Ag including 13.2 metres @ 262g/t Ag
• 1.2 Km geophysical target zone remains open to north-*‐east within the large Lakuwahi Caldera
• Systematic drilling at Batu Jagung is projected to add to JORC resource estimate
• 7 rigs undertaking resource and exploration drilling on Romang Island
• ROL remains well funded with ~$35 million in cash and receivables
Previous scout drilling initially confirmed the prospectivity of the Batu Jagung zone. LWD009, which was drilled by Billiton in 1999, intersected a 51 metre zone grading 92 g/t Ag from 5 metres and included a high-grade section of 9 metres @ 254 g/t Ag from 6 metres
Robust Resources Managing Director Mr Gary Lewis said: “Our exploration efforts on Romang Island continue to yield positive results with seven drill rigs operating across the Island.
“These new drilling results at Batu Jagung are very encouraging as they continue the company’s strong record of discovery and success. We are confident that following a systematic drilling programme, this prospect will be a major contributor to a substantial increase in our initial JORC mineral resource inventory of 1.18 Moz Au Equivalent.
