It would seem that royal missed the boom, they dont know if they want to produce uranium or iron ore. It rather like do i want to be a dairy farmer of grow roses. What the.
The major problem is that with the massive cuts in iron ore prices you will need much larger resources to get project started. Those medium or small projects that have not started yet will probably never get off the groud and some will fold.It will come down to economies of scale.
I have spoken to a number of people in the minning industry, and the crab brothers are very individual about the way they deal with people one is better than the other.
Thats all i will say. Manny directors are opportunistic that seems to be what exploration is about opportunistic people who can squeeze the market as hard as possiable to get the money out of your pockets.
There has been a lot of talk by this company and it seems exploration has all but dried up. This is typically what happens at the end of a boom because directors become scared to spend money. I did love royal but exploration success is often due to the luck, timing,and money.
There is an option for option holders, there cold be a vote to extend the expiry date but dont hold your breath.
Ring them, lol put the pressure on who knows. Rms changed option conditions, you can too.
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