Thank Mongrel! I hope iron ore can stay strong. ROY probably is the biggest & more advanced in that region (SA), so great to see that. ROY is working very hard on a very intense schedule. I got some shares, probably just leave them and see what happens.
Roy needs DSO & a JV partner. I am a bit surprised about SDL, I think Hanlong paid too much. But interestingly, they rather develop in Africa than in Australia. Why???
Recent massive cost blow out projects... Cape Lambert Sino, Belmoral Sino, MMX, GBG. And mining tax & carbon tax coming will affect OPEX. IMO ROY is a buy for LT play.
MFE Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held