Micky, I believe Royal announced a significant decrease in staff in the last quarter. I suspected the large "admin" charge in the last quarter was all about redundancy payments. A quick phone call to their Co Sec confirmed that to be the case. Again, look past the numbers rather than jumping to conclusions.
(Ignore previous sentiment, I had a brain block and thought I was talking about Strike).
Woof!
MFE Price at posting:
5.1¢ Sentiment: LT Buy Disclosure: Held