$RBR - RBR Group - Running well past old highs

$RBR - RBR Group - Running well past old highs

Bought into RBR this morning. One of these pennies where the slightest move can result in fairly big returns - up and down - so have some tight stops in :)

They have had a please explain from the ASX for their rocketing price but no announcements at this stage so running somewhat on hype. The company believes it on the back of their attendance at the recent participation in the Resources Rising Stars (RRS) investor conferences held in Sydney and Melbourne on 12 and 14 February 2019 as well as some recent positive news regarding their Mozambique LNG project led by US company Anadarko.

Indicators and volume looks good. Would have been better with a slightly earlier entry but wanted to confirm the move past the old high. As always buyer beware, do your own research, but might be worth a watch for others with a higher risk profile.

RBR Group Limited, formerly Rubicon Resources Limited, focuses on the resources sector. The Company, through its subsidiaries, PacMoz, Lda and Futuro Skills, Lda, is engaged in the provision of labor and professional services in Mozambique. It also maintains mineral exploration and development assets, primarily in Western Australia. The Company's geographical segments include Australia and Mozambique. The Company controls approximately 423 square kilometers of prospective tenements in Western Australia. The Company has tenements in its Yindarlgooda gold project, which is located east of Kalgoorlie in Western Australia. It also holds interest in Peters Dam Joint Venture, which includes its tenements covering an area of approximately 50 square kilometers located in southern Yindarlgooda project. The Company, through its subsidiaries, focuses on operating transportable medical clinics, and offering broker service, and insurance and financial products, among others.

Comment:

Took my 10% and exited out. I think it has more to run, but bit nervous to hold over the weekend. Will re-look on Monday.