ROY is now in a stage of huge rapid explortion on a prospect...

ROY is now in a stage of huge rapid explortion on a prospect that has been previously proven by the Sth Aust Govt.

Unfortuntely owing to ASX rules they must re- drill and submit results that conform to new rules. Shareholders .. they are drilling next to the previous holes how much risk is involved in that?

There are a few concerns with me.

Negative rumours. (This really is a postive for me as when this happens there is a big buyer soaking up shares, and this is confirmed by recent turnover.)

One the rumours floating around that water is a problem for extraction. Not a problem I have been told and this has been firmly factured in with a known source within pumping distance. BUT.. info filering thru is water is present at depth in the current drill holes.

THE BIG SELLER AT 21 cents.

Could I suggest they will quickly disappear when any chance they will be taken out. In my opinion this is the typical scare sell tactic, a definite BUY signal for any astute buyer.

I am very happy with this investment