The only hang over IMO is the holding by Sing Tang. That aside smaller investors who have a long term vision on investment should welcome the oportunity to pick up any shares Sing Tang are selling at this price. Very shortly the balance of their holding will be picked up in a final parcel. When this happens ROY will be on their way.
I continually get feed back that ROY'S magnetite deposit is low grade. This is far from the truth when you understand that magnetite deposits need to be upgraded by beneficitaion and any investor that has the time to read the reports in full detail will undertand that this deposit has huge potential.
I am very happy to hold this stock for a long term investment.
DYOR.
MFE Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held