A couple of magnetite explorers have nailed their colours to the IO mast (IRD, CAP, etc) with no backup plan. ROY had started to get an alternative exploration portfolio together to weather the IO drought; what has happened to that? Opportunities abound in this time of depressed commodity prices. Sticking to IO might focus the company, but where does it get it?
It seems that changing horses midstream to dot com or a medical research is the clichéd way to go, but ROY had an excellent geological team, they should capitalise on that.
A couple of magnetite explorers have nailed their colours to the...
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