Robust lists on Frankfurt Stock Exchange
Monday, January 21 2013 - 01:20 AM WIB
ASX-listed Robust Resources Limited said that the company?s shares are now officially quoted on the Frankfurt Stock Exchange in the open market segment.
?The Frankfurt Stock Exchange and the electronic trading platform provide a cost effective, efficient and transparent market for European investors to acquire and trade shares in Robust. Importantly, it opens up the company to a wide range of European investors that have a growing interest in investing in Asian focused minerals companies,? said Robust?s Managing Director Gary Lewis in a statement obtained Monday.
Lewis explained that greater visibility of Robust in international markets through this Frankfurt listing will assist in the company?s progression and future financing needs. Robust is currently well funded with cash and receivables in excess of $25 million. The company is in excellent shape entering 2013.
?With an extensive exploration and development program planned for calendar year 2013, a strong balance sheet and the support of a motivated and influential local partner in (Indonesia?s) Salim Group, reaching out to the broader, global investment community will strengthen our investor base in what is a large and liquid market.?
Robust Resources is a precious and base metals explorer and developer with projects in Indonesia, the Philippines and Australia. The flagship asset is a 77.5 percent managing interest in the Romang Island projects, in Indonesia, which incorporate an interim Indicated and Inferred JORC mineral resource estimate of 592 thousand ounces of gold, 27.7 million ounces of silver, 95 million pounds of copper, 697 million pounds of lead and 678 million pounds of zinc. Drilling has also identified the presence of near-surface high-grade manganese deposits.
Robust?s dual focus is to become a significant low cost precious and base metal producer on Romang Island as well as continuing its positive record of new discoveries from its portfolio of exploration properties. Robust trades on the Australian Securities Exchange (ASX) under the symbol ROL and on the Frankfurt Exchange under the symbol RO7.
Editing by Reiner Simanjuntak