smuck - a fair few of us were frustrated with ROY, and its understandable that spills over some times when things are quiet. ROY's assets a few years ago got us all excited, and when the company "moved on" it was reasonable to be confused and frustrated as the price tanked.
But with the beenfit of hindsight, we can sort of see that Marcus and the team appear to have been really cleaning up the company and laying a platform. The guy has a lot of credibility now - among shareholders and the small brokers that follow ROY (and THX) at least - and I think the broader market will re-rate ROY in good time, just as it has done with THX (15c stock to 40c stock). I am sure traders will play around with the price in the meantime (like what happened at THX), but the big picture looks good.
I fully understand your frustration, but you deserve a big "thumbs up" for sticking with this one through a horrible period (2008-Mar-09). I hope it rewards you well because I can honestly say that I am impressed with the "body language" of how ROY is approaching the Razorback project, and ticking all the boxes.
Good luck mate.
Coop
MFE Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
