Proactiveinvestors recommends
Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: ROL
Latest Price: A$0.99  (-0.50% Descending)
52-week High: A$1.63
52-week Low: A$0.97
Market Cap: A$86.67M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Robust Resources
www.robustresources.com.au

Robust Resources Limited (ASX: ROL) is a Sydney-based miner exploring for Gold-Silver and Base Metals on Romang Island in Indonesia’s richly endowed Banda Magmatic Arc, 650km northwest of Darwin.
 
Robust is exploring highly prospective ground previously explored by Biliton (1990s). An initial 2000m drilling program with the Lakuwahi Caldera Project has identified wide zones of gold-zinc-silver-lead-copper mineralisation. All holes completed in the first round of drilling by Robust were open in every direction and at depth.
 
Robust is accelerating its exploration program in the 2010 financial year with a target of 5000m to be drilled using owner-operated diamond drill rigs and a local labour force for continuing economic efficiency.
 
With experienced management who have a track record of major discoveries, Robust holds a 51% interest in five mineral titles totalling 25,000ha covering the entire Romang Island, with an option to increase to 75%.

Full Robust Resources profile here
Is ROL a Buy, Sell or Hold?Get your FREE analysis of ROL
Pdf

Robust Resources share price spike prompts ASX price query

1st Oct 2010, 10:51 am

Robust Resources (ASX:ROL) has replied to an ASX price query stating that it is not aware of any information that has not been announced which explain the share price spike, as all drilling results have been released to the market.

The company's shares hit an intra-day high of $2.10 today, compared to a $1.52 on Friday 24 September.

Robust did state in the ASX response, that believes that "share price increases may be due to its recent announcements concerning particularly good results being achieved in its drilling programme to date together with the fact that it has entered into an agreement which will result in all its Romang Island mining tenements being fully owned by the company whilst its issued share capital is only 65,108,110 shares and the consequent demand for shares."

"In addition recent significant rises in the gold price may well be having a positive effect on the company share price in view of the announced gold content on its mining tenements."

Robust shares have subsequently eased to $1.98 in intra-day afternoon trading.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.