The astute stock market observer would have been following the...

The astute stock market observer would have been following the clues laid down by ROY’S actions over the past couple of months.

Although conforming to ASX rules and issuing statements on the ground they were acquiring in the US, certain things were unfolding:

1.. A performance issue of options to Directors at the AGM. (Well due in my mind)

2.. A rights issue to existing shareholders. ( a just reward for holders)

Now, when all in place the price is increasing, why?

My view is the Uranium ground in US is first class and in anyone’s view should have this stock in the dollar range.

One unknown factor is the JV with Gindalbie, who have just announced a huge merger with Sundance, it is strongly rumored that there is a lot of direct shipping ore on the JV area, and this coupled with the already reported iron ore on ROY’S ground could also have this now combined group, heavily funded by a major Chinese partner looking seriously at joining or are already on ROY’s register.