800,000 shares wanted at 18c and above.Only 714,000 for sale IN...

800,000 shares wanted at 18c and above.

Only 714,000 for sale IN TOTAL up to 40c.

People KNOW it has been oversold from 30c back in early January.

Is currently 40% BELOW the 100 day moving average of 33.5c and 15% below the 20 day moving average.

Given the cash they have, the projects on the books:

* Iron ore in two HOT locations Pilbara & Mid West

* and Uranium in the US close to existing infrastructure, and where historical mining has take place.

then Royal is a pretty conservative bet at the 20-25c level.

I mean, they floated at 20c less than two years ago and that was BEFORE they had the 4 U tenements OR the Pilbara tenements (won over Gina Reinhart!)

As Crabb recently said "
we are in advanced negotiations with landowners WHO HAVE SUBSTANTIVE URANIUM RESOURCES ON THEIR PROPERTIES . This could not be said for MANY Australian exploration companies".