ROY’s mid west Iron ore prospects will always be a stabilizing...

ROY’s mid west Iron ore prospects will always be a stabilizing factor for their share price in the future.

In last Saturdays West Australian it was reported that Ken Talbot, the coal king has shored up his iron ore exposure by grabbing a big stake in Midwest Corporation. There has been a lot of interest from the Chinese and other overseas heavyweights in this area, and with ROY already proving up direct shipping hematite ore, coupled with some good stories filtering out on some good results pending on their Gindalbie joint venture, its just a matter of time or could be already happening when someone will take a big stake in this stock.

It will be interesting to see who immerges on Roy’s shares registrar after this latest run.

Keeping in mind the full hand will not be revealed until the options are exercised and anyone holding over 5% of the company will have to report.

Sounds like a good reason for me to hang in.