As a current disgruntled holder, I have to agree with you Coop. They (ROY) strike me more and more as pure gamblers, but with our money. I didn’t purchase ROY shares for them to buy supposed U ground in the US and I definitely didn’t expect them to spend money they don’t have on this supposed Iron Ore Asset in SA. This didn’t appear to be their strategy or focus until after it was announced. I would love nothing more to be proven wrong by the Company or anyone who believes this is a great deal. But at the present all I keep seeing are announcements about changes in directions and nothing in relation to their previous assets and focus. I thought there recent ANN on the U assets in the USA was a disgracefull. I am now only holding for the NT U results and some more information on this supposed mega deal in the backwaters of SA.
MFE Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
