I have been reviewing ROY's announcements and progress to date and in my mind something is just not right.
Call me paranoid or just out of touch, but I have formed the opinion that someone is playing around with ROY price.
There appears to me that there can be no other reason than either someone is shorting the price, I know they can't do that in Australia, but ROY does have some large overseas holders, or some one is selling with a view to keeping the price down ready for a bid.
To short a stock in Australia I have been told it is necessary for the seller to borrow stock from another holder so they can sttle within the 3 day period.
In a company such as ROY it is fraught with danger, as at any given time ROY could do a deal with an incoming partner that would move the stock.
Perhaps I'm not pranoid but only frustrated, looking for excuses.
MFE Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
