Great news for ROY to have a new substantial share holder who can bring some additional clout to its future operations, well done to Management.
Clout that is in the form of stumping up real cash (with access to more) plus the expertise to assist progress our iron ore deposit to the next stage - similar to what they did for FMG in the early days.
At the same time the overhang of Sing Tan as a seller every time the SP looked solid is gone forever which is an added bonus.
Bring on the completion of the feasibility study to enable commencement of the project funding.
Good luck to all holders.
MFE Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
