I'm holding on for $1. Unless we get some bad news, I think it wil get there this year even though it is likely to have some pauses and pullbacks along the way.
It might behave a little like UMC did last year.
I am still looking forward to more news on the US uranium front as I cannot get Phil Crabb's words out of my head from the last Corporate File Open Briefing. Back then Crabb said he really wanted to say a lot more about what was happening there.
We tend to discount the U assets IMO. We should remember that many of us here have held ROY and been enthused by its prospects PRIOR to them attaining the U assets. Our enthusiasm was on the back of the Mid West iron ore prospects and YET since then they have raised more money and acquired an entirely separate (and promising) assest in the Lynx 2 uranium tenement.
ROY may be in favour at present because of IO...but lets not forget how attractive the prospects of their other U assets are either!
Its almost like a "but one, get one free" offer.
Once the broader investing publci realises the value of ROY's full suite of assest - Mid West iron ore and Colorado uranium - I think we will see ROY sustainably much higher.
I have mentioned previously that I'm noit getting too excited about their Pilbara assets but that was because of what I personally "read into" about Crabb's comments on the Open Briefing. I could easily be VERY wrong about those but overall, ROY just needs broader public exposure in the market and we will be "off and away".
Good luck to all holders.
I'm holding on for $1. Unless we get some bad news, I think it...
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