MFE 0.00% 1.0¢ magnetite mines limited

re: Ann: External Review Confirms Strong Econ... Royal is just...

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  1. 17 Posts.
    re: Ann: External Review Confirms Strong Econ... Royal is just an another iron ore wannabe that isn't going anywhere because of the falling IO price. There are plenty of other companies out there just like Royal who with a few Billion dollars could put more downward pressure on the price of IO. Don't get me wrong, I am not an "Anti Royal", I am a shareholder but I am realistic, we aren't going anywhere quick. What we need to revive Royal is a big turn round in China and a big increase in IO prices and I can't see this happening for quite some time, unfortunately. I do hold shares in some other IO wannabes and the posts on HC are very similar to the ones I read about Royal.
 
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