The Razor Back deposit and surrounding holdings by ROY is developing into a very serious and large deposit with all the right recovery and assays.
The Chinese partners have only a 13% odd stake at present and this with a moderate holding by Directors could be a problem should one of the heavyweights wish to grab this area. I would theorise that it would probably be a large company that does not have a foothold into the iron ore game but would like to.
It would be prudent for the Chinese partners to move their holding up to the 19% mark to have a chance to block any predators but they would probaly need Govt approval to do this.
The above thoughts are mine only and not based on any other information.
All in all a shareholding I will be holding until the full story unfolds.
The Razor Back deposit and surrounding holdings by ROY is...
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