roy clarificying statement

I agree its a good statement for ROY to release at this time however it also seems pretty clear that there are moves afoot somewhere, and that a claim is coming.

ROY are very much entitled to believe they have done everything by the book...but that is not going to stop a legal claim from serfacing if there are parties out there who think otherwise. ROY says in their statement "the rights to iron ore exploration and development WILL BE UNAFFECTED BY ANY CHALLENGES between the other parties to those contracts"

It does not say there won't be any challenges. ANd we all know what that means...it means UNWELCOME legal distarctions for the company that will generate nervousness and potentially keep investors on the sidelines. Simply put - this will be IRRITANT to the company with no upside. Uncertainty will prevail if any "CHALLENGES" do surface.

Just remember guys - PERCEPTION IS REALITY (Unfortunately), and ROY are going to have to deal with it even if - at the end of the day - the company is vindicated. It ain't going to help the share price in the mean time.