lets accept that mongrel & jrpc are entitled to an opinion. just as long as it doesnt cross boundries.
you can always use the "ignore button".
I've followed Royal since it listed originally & thought it might be half a chance. things haven't panned out as one might have expected. if you like, you can blame management for that or who ever.
ROY hasn't performed very well. in fact investors may have lost a few dollars.
so what are we doing now..????
they're working off a new slate, one can only hope that they don't make previous mistakes with it's current prospects.
the reality is "it's Iron Ore Prospect" is still in the very early stage.
it does have "risks" thus one should be cautious. you don't need to be "Einstein" to figure that out.
should we be lucky and the ducks all line up. both company & it's investors will do very nicely.
we've had a couple of members who've been anti Royal. "read it and leave it".
i'll leave you with two things:
1) use the ignore button.
2) DYOR & play it safe.
RAZORBACK IRON PROJECT, SA (100%): Is a magnetite deposit located 240km NNE of Adelaide. The Razorback Project is divided into two sub-projects: the northern Red Dragon Project that covers the Razorback Ridge magnetite deposit, and the southern Ironback Hill. Collectively, the two areas cover over 1,450km2. The Mineral Resource for the Razorback Iron Project is 1.52Bt @ 23.3% Fe. Initial metallurgical testing on recovering haematite from the project has indicated that a high grade haematite product of +65% Fe can be produced.
MFE Price at posting:
6.4¢ Sentiment: LT Buy Disclosure: Held