Reflecting on the quarterly, after a few days to digest the trader flush & strong support at 1.5c, I am extremely bullish about this month in particular as there are clues galore in the details about their expansion plans.
The high level summary (highlights section) reads very well with expansion in their client base as training for several new clients has commenced.
Further to this (& the key highlight for mine) is in the first paragraph of page 2 - being that they are working with Mozambique's National Professional Education Authority (ANEP) to develop National Training Standards. This is huge & should not be underestimated. The Mozambique government is leaning on RBR to help develop their national training standards.
The existing pipeline of work in Mozambique is extensive & the imminent deployment of the FuturoCard will add instant cash-flow in to the business which is always well received.
Importantly, the "FuturoCARD is attracting a high level of attention & interest from the Mozambique government (with the potential to adopt it nationwide), industry and other stakeholders including INEFP, other private training organisations, donor agencies & corporate clients".
In a jurisdiction like Mozambique, it is no coincidence that they are getting a lot of attention / interest from the government which probably stems from RBR helping the government in developing national training standards. I scratch your back, you scratch mine... win win!
The expected explosion in the Mozambique work force due to the Billions-of-dollars of investment going in to the country is well published & IMO RBR is in the box seat to capitalise.
Further to Mozambique, RBR is looking to expand in to other jurisdictions being Guinea, Mongolia & possibly others. These are briefly touched on in the quarterly with a French version of the FuturoCARD looking to be deployed in Q2 2018.
As you can see, the FA is looking supremely strong.
I'd welcome a TA analysis of the charts - my amateur view is that the 3 consecutive closes at 1.5c (after trading below 1.5c on each of the 3 days) is significant, but charting is not my area of strength.
@Saragian - can you please assist with the above as you so kindly provided a view previously.
Happy Hunting - GO RBR!!
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