patersons' spec buy note on royal, page-14

This IS another GBG -I agree. You make some good points, too, about this being a 2 year story. I am free carried for the shares + oppies I own, thanks to some windfalls elsewhere in my portfolio, so I can COMPLETELY forget about the share price and just let this one get on with the job. If it goes to zero, it won't hurt me, but if Marcus Flis + Phil Crabb succeed with this one, then I'll have a nice little "kicker" for my future travel plans/real estate plans.

I know people like to trade the speccies, but ROY has ALWAYS been illiquid. I will hold contentedly and let these guys get on with the job of building Razorback into a nice little success story for shareholders.

Maybe not much action in the short term...but even with future capital raisings and the like, we can expect $1 on this one day, subject to successfully reaching milestones.

Good luck to the faithful.

Don't forget to convert your options in May!!

Coop