The reason why I started accumulating ROY core investment stock from its A-2 lows (6c) was cos of their URANIUM assets with the Shine DSO JV as the logical longer term downside buffer in case the spec stuff didnt come off. I actually chose ROY ahead of stablemate THX based what I considered relative potential in favour of ROY. THX has hit paydirt whilst market has forgotten ROY's extensive U-drill program current in both NT and USA with rersults pending.
Meanwhile today is record date yet coincidentally ROY has been subject of aggressive buying this arvo .... radiation leak of some kinda recod date adjust ahead of chess holdings being issued. Latter should not be a consideration cos u could sell ROYR from Oct 16 on deferrred delivery basis anyway if u wanted.
Personally I am too scared to sell any more ROY after last weeks 1 hr and 20 min "limbo" between two price sensitive reports which any insider could have wreaked havoc with (that hour cost me 15Gs) whilst some of us were selling a few to cover cost of rights conversion thinking there would be a natural retrace ex rights ... hmmmm.
What REALLY EXCITES me now is the fact that on a weight adjusted basis, the charts show all time high as 36c ... and after this arvo's mad rush, we close at 33c ... just shy of a break out into blue skies, no dead bodies to trample over ....... NOTE HOW TIGHT THE STOCK REMAINS !!!
So boyz ..... IFFF we get a breakout 36+ on any radiation leak or other reason, hold onta ya seats cos skies are blue ahead haha !
As I said I am too scared to sell any more and will be exrecising all my rights.
Also ........wheres the ASX speed ticket one would expect on a move like this ??? Yeah, ask a stupid question ....
Wonder whatthis arvo's urgency has been all about ?
IMBOOC
MFE Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held
