will gindalbie metals make a play for royal

this could really be on the cards. they already have a JV "Warriedar project" GBG 60%, ROY 40%.

plus they could pick up ROY's exciting "Pilbara Iron Ore Projects"

IMO ROYAL could easily spin off it U.S Uranium assets into a new IPO.

as they say "watch this space"

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from fingermark yesterday
maybe GBG might see them as good value also. Read the last sentence.

Neither Sundance nor Gindalbie revealed reasons for the abandoned merger and instead blamed it on due diligence and "extensive feedback" from shareholders; however the share price run in today's session for each company could tell more about the situation.

It looks as though shareholders in Sundance were not too happy about the proposed merger being called off, with the company's share price dropping 11.5c (15.8%) to 61.5c.

In contrast Gindalbie shareholders appeared to be over the moon with the news, with the company's shares closing up 14.5c (9.8%) to $1.63.

BBY analyst John Veldhuizen told Dow Jones Newswires investors were "clearly worried" that Gindalbie found issues with Sundance's Mbalam iron project in Cameroon when due diligence was carried out, but those details remain confidential.

Veldhuizen said he never believed the deal was in the best interests of Gindalbie, which owns the advanced Karara iron ore project in the Mid-West region of Western Australia.

"It did not make sense to me because you were diluting potential short-term earnings from Gindalbie," Veldhuizen said.

However, he told the newswire the termination of the merger did not signal an end to iron ore consolidation and that Gindalbie may go looking for other targets.