MGT - Magnetite Mines

Go Nuke · 27 July 2007

Re: ROY - Royal Resources

WOW.
ROY finished at 60c today. I'm pretty happy with that considering the kind of crap day its been!!

Yes some news to give it some attention would be great.

Egabeava · 3 August 2007

Re: ROY - Royal Resources

Hi Guys, I like the look of this one. Jumped onboard at 50c. Some interesting news today about it's US Uranium projects. I have to agree about this quote.
Royal regards the US as one of the best countries in the world to explore for uranium because it has an
existing favourable regulatory environment, a well established nuclear power industry, existing uranium
mining and processing operations and no sovereign risk. The US demand for uranium means it
currently consumes 22% of the world’s production of uranium and has 104 operating nuclear power
stations with plans to build a further 23.
Royal has made a strong and sustainable commitment to uranium exploration and future mine
development in the US. In respect to its Australian assets it has appointed KPMG to provide strategic
advice.The link is http://www.royalresources.com.au/documents/3August2007RoyalAcquiresUraniumProjectColoradoinUSA.pdf

Go Nuke · 6 August 2007

Re: ROY - Royal Resources

Well I got stopped out today at 48.5c.

Looks like it recovered ok I suppose for such a bad day.
I'll keep it on my watchlist but right now Im just trying to guess which stock will bounce back the best

Goodluck to those that still hold.

gilbertw · 4 September 2007

Re: ROY - Royal Resources

Hi guys and gals,

I initiated this thread 2 months ago because I thought ROY has huge upside in the medium term. The fundamentals are great BUT it is riskier than the established uranium plays and as such, ricky stocks have taken a hit since the correction of early August.

I still hold in this stock and won't be selling....

Looks like this thread has been inactive for a few weeks, 3 new uranium projects announced during august. And now ROY is in a TRADING HALT.

This could be interesting. Does anyone have any ideas as to why the trading halt? I don't want to be seen as ramping this stock, but I have a good feeling about this one... hopefully the trading halt is positive.

Can anyone enlighten us ROY holders?

thanks

dj_420 · 4 September 2007

Re: ROY - Royal Resources

gilbertw said:
Can anyone enlighten us ROY holders?

thanks

i believe it could be a cap raising or placement, i thought ROY might be a little low on cash from last qtr obtaining all these uranium ventures.

drilling also starts next week with GBG, but they shouldnt be in a trading halt due to a drilling program starting

jtb · 4 September 2007

Re: ROY - Royal Resources

Yeah cap raising one would assume.
1.5 million left in last quarterly (June from memory) so the kitty may be looking a bit lean.

Go Nuke · 4 September 2007

Re: ROY - Royal Resources

I sold out then bought back in (wishing I'd waited till now though for a cheaper sp)
The ann seem great to me and a always keep an eye on this thread for any comments
They seem to have really grabbed some good Uranium prospects in the U.S.
At least America is a nice stable country that will probably gobble up more and more of the worlds Uranium in the future. If ROY gets a few good hit with their drilling both with Uranium and Iron ore, I dont see any reason why they wont take off.

I noticed afew weeks back in a company ann that one of the directors (correct me if Im wrong) is also on the Paladin board. That cant be all bad (just dont look at the price of PDN shares ok)

Anyway, the one thing that troubles me is the lack of buyers. There is just nothing waiting to jump in, even after those announcements.
Perhaps a "drilling has commenced" ann might attract alittle interest

gilbertw · 4 September 2007

Re: ROY - Royal Resources

Interesting thoughts Go Nuke, hope you are right.

I wouldn't read too much into the "lack of buyers", I think the market sentiment towards more riskier stocks will turn in September. The broader ASX has returned to near pre-correction levels, and is fully priced. There is usually a time lag before speculative stocks start to rise.

The 35cent mark that we have seen lately is very cheap...I topped up, couldn't resist it really. Roll on the announcement

gilbertw · 5 September 2007

Re: ROY - Royal Resources

Now GBG has gone into a trading halt. Considering the intertwining of these two companies re Iron Ore, I'm sure something positive is about to be announced...

jtb · 5 September 2007

Re: ROY - Royal Resources

Go Nuke said:
I noticed afew weeks back in a company ann that one of the directors (correct me if Im wrong) is also on the Paladin board. That cant be all bad (just dont look at the price of PDN shares ok)

Nuke, Phil (ROY) is Ricks brother (PDN) - If you can hang on for 6 months -and your a fan of the PDN Crabb- check out my secret weapon OEL
No uranium though just oil and gas

Waiting on this ann' man

Hoping for 30c (less would be nice but suspect a rights issue)

Go Nuke · 6 September 2007

Re: ROY - Royal Resources

So...shares and options hey.....

What does anyone make of this?
Im pretty stapped for cash, but I think they have some good prosects going for them now.
I must admit though, if it wasn't for thier Iron ore, i probably wouldn't be in ROY.
There were only 3 trades today. Someone must have bought at the last minute to get the sp to close up.

Just have to wait and see I suppose.

YOUNG_TRADER · 28 November 2007

Re: ROY - Royal Resources

Hey guys

ROY looks like another Iron Ore punt,

Mkt Structure
100m shares +40m 20c options

Cash = $10m + $8m from 20c opies (if exercised) = $18m

Mkt Cap un-diluted @ 40c = $40m with $10m cash, so EV = $30m

Mkt Cap fully-dilluted @ 40c = $56m with $18m cash so EV = $38M

It has a few Iron Ore projects,

Warriedar which is near GBG's Kara and thus GBG farmed in for a 60% interest, drilling has finished and results are apparantly imminent, I called the company and they wouldn't commenet much other than the fact that the AGM is tomorrow and they will be presenting results by then

Plateau project which they drilled and had multiple 5m hits of 56%Fe ore at surface

Tallering is a prospective project that is adjacent to Mount Gibsons Tallering project

Pilbara The company also has a few good Pilbara Iron Ore projects surrounded by RIO/FMG/BHP-Hamersley

US Uranium The company also has a very large US Uranium focus similar (though far less advanced) to BLR

Its interesting to note that the Russian Nickel giant Norisk Nickel owns 2% of the shares

I have bought in for the potential re-rating on the back of positive results at the GBG Warriedar JV,

PLEASE DYOR and come to your own concluions, remember the results could be bad

ta2693 · 28 November 2007

Re: ROY - Royal Resources

The only thing that stop me punting is the director selling a lot 200000 shares on market trade just before the announcement out ( tomorrow maybe). I do not think he is stupid.

YOUNG_TRADER · 28 November 2007

Re: ROY - Royal Resources

ta2693 said:
The only thing that stop me punting is the director selling a lot 200000 shares on market trade just before the announcement out ( tomorrow maybe). I do not think he is stupid.

2 things Ta,

1 if he's selling pre bad results thats insider trading and he'd get done for it

2. He sold 200k of a total off 10m shares, so thats 2% of his total holdings, less when you include the heaps of options he has

Make of it what you will

ta2693 · 28 November 2007

Re: ROY - Royal Resources

Besides, the share performance before the ann is very weak, does not seems like something good is in pipe.
Even though it is only 2% of director's holding. It is still around 90k. it is not a small money. why not wait another day and get another 50% ( I assume) return? YT's record is very good. But I prefer to stand by side this time.

Gekko · 29 November 2007

Re: ROY - Royal Resources

YOUNG_TRADER said:
Hey guys

ROY looks like another Iron Ore punt,

Mkt Structure
100m shares +40m 20c options

Cash = $10m + $8m from 20c opies (if exercised) = $18m

Mkt Cap un-diluted @ 40c = $40m with $10m cash, so EV = $30m

Mkt Cap fully-dilluted @ 40c = $56m with $18m cash so EV = $38M

It has a few Iron Ore projects,

Warriedar which is near GBG's Kara and thus GBG farmed in for a 60% interest, drilling has finished and results are apparantly imminent, I called the company and they wouldn't commenet much other than the fact that the AGM is tomorrow and they will be presenting results by then

Plateau project which they drilled and had multiple 5m hits of 56%Fe ore at surface

Tallering is a prospective project that is adjacent to Mount Gibsons Tallering project

Pilbara The company also has a few good Pilbara Iron Ore projects surrounded by RIO/FMG/BHP-Hamersley

US Uranium The company also has a very large US Uranium focus similar (though far less advanced) to BLR

Its interesting to note that the Russian Nickel giant Norisk Nickel owns 2% of the shares

I have bought in for the potential re-rating on the back of positive results at the GBG Warriedar JV,

PLEASE DYOR and come to your own concluions, remember the results could be bad

YT, a few questions. Will the drilling results be released by GBG or ROY? I also noticed the AGM is today. Am I correct in suggesting that they must release a presentation? Also, what grades are you expecting? Ill wait for the announcement, but can you give us an indication of what you think would be positive. Or at least what would be viewed positively and cause another run?

gilbertw · 29 November 2007

Re: ROY - Royal Resources

RE: Rick Crabb - selling his 200K shares in ROY...

Just connected the dots for everyone...See the ATN announcement, Rick Crabb has just bought 4.5M shares @ 4.6cents...

Looks like thats where the money went to...

ROY is looking very good today...

blues · 29 November 2007

Re: ROY - Royal Resources

GBG have bought out an announcement about the JV with ROY but ROY havent yet. GBG marked it as market sensitive.

zt3000 · 29 November 2007

Re: ROY - Royal Resources

blues said:
GBG have bought out an announcement about the JV with ROY but ROY havent yet. GBG marked it as market sensitive.

*****************************

KEY POINTS
• Phase 1 RC drilling program completed over Shine, Gap and Lister Prospects on Warriedar Joint Venture ground with Royal Resources Ltd
• Drill Results from the Shine Prospect include:
Hole SNC 002 60 metres @ 62.6% Fe from 59 metres
Hole SNC 005 27 metres @ 63.1% Fe from 55 metres
Hole SNC 008 22 metres @ 63.9% Fe from 44 metres
• Assay results are pending from Gap and Lister Prospects
• Results confirm the Company’s view that the hematite outcrops mark underlying DSO grade iron ore at depth
• Phase 2 drilling program planned and approved pending return of all assay results

YOUNG_TRADER · 29 November 2007

Re: ROY - Royal Resources

Well I'm glad I bought yesterday at 40c because the results look very very good!

Hole SNC 002 60 metres @ 62.6% Fe from 59 metres
Hole SNC 005 27 metres @ 63.1% Fe from 55 metres
Hole SNC 008 22 metres @ 63.9% Fe from 44 metres

Those are some very very meaty hits

ta2693 said:
Besides, the share performance before the ann is very weak, does not seems like something good is in pipe.
Even though it is only 2% of director's holding. It is still around 90k. it is not a small money. why not wait another day and get another 50% ( I assume) return? YT's record is very good. But I prefer to stand by side this time.

Ta just goes to show don't read too much into it,

These results are very impressive, and the grade is DSO

And there is no infrastructure issues as the JV will just use GBG's stuff

And there's more to come

MGT - Magnetite Mines

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