could go to 30 easily

ROY was above 30c as recently mid-January when all the cr*p hit the market again.

I know for a fact there was some margin selling in there and ROY sentiment was affected in the same way as was UMC's.

UMC is recovering well now - not just because of fundamentals but also simply a product of forced sellers now having exited the sell side equation.

I feel we are starting to see the same effect with ROY.

Yep...they have lots of good ground and projects, but it won't be difficult for these to jump back above 30c w/o ANY new news required...just because they were probably oversold...even for a speccie.

Momentum buying could easily push it back to 40c and then fundamentals could kick in...so, yes, LOTS of upside for this one in my opinion.