Donny, confirm thru 23+ gives first target adjusted high...

Donny, confirm thru 23+ gives first target adjusted high (incredible charts), second unadjusted high, and if we get thru that sets up count to 65- 70 region.

Wonder if the stable can pull off THX mark 2 here ?

Scratching my head to try and zero into what a cash sell out to GBG of the 40% of Shine in ROYs hands is worth. That MUST be posing nuisance value to GBG's plans now that they finally have the GO on it.

I suspect that the JV is worth about ROY's current market cap but thats a gutfeel only.

If so, my first 2 techno targets are within near term sight IMO and then we wait for further news from the Chinese magnetite JV and solo U-plays in NT (I actually originally thought ROY had better ground than THX and was main reason I originally entered this game) and U-JVs in US.

Love to see a cashout of the Shine JV increment. Then again latest solo results from proximity DSO haematite plays aint looking too bad either.

One other thought, current market cap abt 50 mill is what the Chinese have kinda 'committed" to for the magnetite JV so another Q which MUST come to mind now GIVEN the association with GBG via Shine, is why wouldnt GBG consider launching a, say 100 mill bid for the company now (?) .... they have the cash and would probably turn out a mega strategic move espesh given the LOGISTICS alternative to Oakagee the SA magnetite offers ...... kinda cheap insurance policy now and longer term growth anyway and prob underpinned by the Shine JV "value" anyway.

Just thinking outside the box. Would be seriously surprised if such thoughts aint crossing GBG's mind right now.

Anyway lest call today confirmation of reversal day methinks and look out for the techno targets for starters.
Hence had to pick up a probe #1 trading parcel today since all my holding is freecarry core.

IMBOOC