MGT - Magnetite Mines
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Re: ROY - Royal Resources
The question is will the following assays be simular to these strikes. I noticed a few cores returned no Fe at all ... i suppose they trying to determine the extent of the resource.
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
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
The question is will the following assays be simular to these strikes. I noticed a few cores returned no Fe at all ... i suppose they trying to determine the extent of the resource.
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Re: ROY - Royal Resources
I agree there
I bought in this morning at 0.45, those are some spectacular intersections. 4 km of BIF exploration area to still be drilled.
For market cap of 30 million we should expect significant re-rating.
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
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
I agree there
I bought in this morning at 0.45, those are some spectacular intersections. 4 km of BIF exploration area to still be drilled.
For market cap of 30 million we should expect significant re-rating.
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Re: ROY - Royal Resources
Someone has been waiting for this announcement to dump their shares. Its been going on all day - packets of 100,000 shares. Giving me the ****es really.
Oh well Dow up, Christmas coming and iron ore prices to rise. So it should be a feel good story down the track. It definitely changes the game this post announcement dumping. You almost have to give it a few days for the sellers to dry up before you get in on good drill announcements at the moment. Where have all the ebulient 'jump on rock chip sample' iron ore junkies gone? Reckon they will be back soon.
Someone has been waiting for this announcement to dump their shares. Its been going on all day - packets of 100,000 shares. Giving me the ****es really.
Oh well Dow up, Christmas coming and iron ore prices to rise. So it should be a feel good story down the track. It definitely changes the game this post announcement dumping. You almost have to give it a few days for the sellers to dry up before you get in on good drill announcements at the moment. Where have all the ebulient 'jump on rock chip sample' iron ore junkies gone? Reckon they will be back soon.
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Re: ROY - Royal Resources
Wow, doesnt look like such a good buy now from this morning! Hmmm quite bizarre, FDL runs 1000% in two days on NO SAMPLES OR DRILL HITS and ROY provides some bumper hits and actually drops!
Wow, doesnt look like such a good buy now from this morning! Hmmm quite bizarre, FDL runs 1000% in two days on NO SAMPLES OR DRILL HITS and ROY provides some bumper hits and actually drops!
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Re: ROY - Royal Resources
Yeah its strange hey.
I looked at the sp about lunch time and thought you beauty!!, then i get home and see the share price which leaves me scratching my head thinking wtf?
Still, Ive been holding ROY for some time and will continue to do so. I still dont know if not taking up the rights offer has been a good thing or not.
Time will tell
Yeah its strange hey.
I looked at the sp about lunch time and thought you beauty!!, then i get home and see the share price which leaves me scratching my head thinking wtf?
Still, Ive been holding ROY for some time and will continue to do so. I still dont know if not taking up the rights offer has been a good thing or not.
Time will tell
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Re: ROY - Royal Resources
I know what the **** is going on?
I mean they were amazing drill hits,
But if you have a look at the thread JUW177 started, it looks like ROY was victim to an emergin trend of "stag the announcment" or "fArk the fundamentals, I'll just dump" type mentality,
I think its mkt related, once our mkts bottom we should see some sense return to the mkts
I know what the **** is going on?
I mean they were amazing drill hits,
But if you have a look at the thread JUW177 started, it looks like ROY was victim to an emergin trend of "stag the announcment" or "fArk the fundamentals, I'll just dump" type mentality,
I think its mkt related, once our mkts bottom we should see some sense return to the mkts
Re: ROY - Royal Resources
I tend to agree. Staggers may continue to win until a market bottom is confirmed. Once this is confirmed, many more $$$$ will be made. This global, international-growth fuellled boom is far from over. The next 6 weeks should be robust.
I tend to agree. Staggers may continue to win until a market bottom is confirmed. Once this is confirmed, many more $$$$ will be made. This global, international-growth fuellled boom is far from over. The next 6 weeks should be robust.
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Re: ROY - Royal Resources
problem is too many people have bought after a good ann then the market has taken a massive hit from the volitilaty and all the profits get wiped out. With +- 2% swings becoming a norm its hard to have confidence holding anything overnight! I think it wil only get worse in the short term, the bad news out of the US is only going to get worse and looks like it is spreading to EU. If anything even looks like effecting China i think we will see a massive drop
problem is too many people have bought after a good ann then the market has taken a massive hit from the volitilaty and all the profits get wiped out. With +- 2% swings becoming a norm its hard to have confidence holding anything overnight! I think it wil only get worse in the short term, the bad news out of the US is only going to get worse and looks like it is spreading to EU. If anything even looks like effecting China i think we will see a massive drop
Re: ROY - Royal Resources
This surely was a massive manipulation
The last year it traded up to about 1 million shares a day. Yesterday we had almost 12 million shares changing hands. Sure the day traders could have gotten hold of this, however someone was selling into this.
we should have more tools at our disposal, so we can see which broker is selling or buying or for that matter place dummy bids, which were massive yesterday for ROY.
This surely was a massive manipulation
The last year it traded up to about 1 million shares a day. Yesterday we had almost 12 million shares changing hands. Sure the day traders could have gotten hold of this, however someone was selling into this.
we should have more tools at our disposal, so we can see which broker is selling or buying or for that matter place dummy bids, which were massive yesterday for ROY.
Re: ROY - Royal Resources
This thread seems to be a bit quiet... recent iron ore discovery... traders having a field day with this stock...
I feel it is massively oversold... thoughts anyone?... apparently more drilling results out this week (see Hot copper).
I would have expected stability +40 cents, unsure as to why the weakness...
This thread seems to be a bit quiet... recent iron ore discovery... traders having a field day with this stock...
I feel it is massively oversold... thoughts anyone?... apparently more drilling results out this week (see Hot copper).
I would have expected stability +40 cents, unsure as to why the weakness...
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Re: ROY - Royal Resources
I tend to agree Gilbert....no reason I can see for the weakness in the share price given ROY's in the process of discovering a DSO reserve and the US uranium tenements.
It was an ambush last week with traders exiting on the announcement. This sort of contagion always seems to spread to the sp and the sell continues.
What can you do? Wait it out or sell. Depends on the strength of your conviction.
In the last announcement it was mentioned that further drill results were pending so could well be this week. But then again the sp has tanked 20% in the wake of the last results so who knows what will happen. Depends if the selling is done I suppose.
I tend to agree Gilbert....no reason I can see for the weakness in the share price given ROY's in the process of discovering a DSO reserve and the US uranium tenements.
It was an ambush last week with traders exiting on the announcement. This sort of contagion always seems to spread to the sp and the sell continues.
What can you do? Wait it out or sell. Depends on the strength of your conviction.
In the last announcement it was mentioned that further drill results were pending so could well be this week. But then again the sp has tanked 20% in the wake of the last results so who knows what will happen. Depends if the selling is done I suppose.
Re: ROY - Royal Resources
Hi Bushman,
I have followed my gut on this one and topped up with everything I got today. I expect other long term holders will be doing the same. Yeah its very weak but I guess given the long term view, it really doesn't matter. The fundamentals of ROY justify a much stronger shareprice I think...
And Uraniun is in USA so maybe some negative sentament (unjustified) spilling over because Labor won the election (no uranium mining in AU)
Thanks
Hi Bushman,
I have followed my gut on this one and topped up with everything I got today. I expect other long term holders will be doing the same. Yeah its very weak but I guess given the long term view, it really doesn't matter. The fundamentals of ROY justify a much stronger shareprice I think...
And Uraniun is in USA so maybe some negative sentament (unjustified) spilling over because Labor won the election (no uranium mining in AU)
Thanks
Re: ROY - Royal Resources
36.5c. I begin to love it. I think it is a good enter price. after 5+ selling day, the angry seller should have offloaded all their shares. the buyers are going to come.
As YT's research, ROY's fundamental is pretty sound. If there is a bad news, it should arrived. but nothing really bad happened so far. So I believe it is just a overact on good news.
I am in at this price. may need some time for market to rerate roy.
36.5c. I begin to love it. I think it is a good enter price. after 5+ selling day, the angry seller should have offloaded all their shares. the buyers are going to come.
As YT's research, ROY's fundamental is pretty sound. If there is a bad news, it should arrived. but nothing really bad happened so far. So I believe it is just a overact on good news.
I am in at this price.
may need some time for market to rerate roy.- Joined
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unjustly and unfairly being sold down
unjustly and unfairly being sold down, really seems as though the sellers don't have the balls to hold for further news. easier for them too sell and push the price lower, some of the sellers may be from the recent entitlement issue.
if things fall into place with Iron Ore & Uranium assets the next 12 months will see plenty of upside.
without doubt one of the best up and coming Junior companys on the ASX.
although very disappointing seeing it being sold down, no question the buyers will return when the positive news starts flowing.
unjustly and unfairly being sold down, really seems as though the sellers don't have the balls to hold for further news. easier for them too sell and push the price lower, some of the sellers may be from the recent entitlement issue.
if things fall into place with Iron Ore & Uranium assets the next 12 months will see plenty of upside.
without doubt one of the best up and coming Junior companys on the ASX.
although very disappointing seeing it being sold down, no question the buyers will return when the positive news starts flowing.
Sean K
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Re: unjustly and unfairly being sold down
You haven't actually provded ANY reason for the buyers to return in this statement except for vague references to iron and uranium 'news'.
Can you please add some more justification/analysis/credability to your bullishness in the future.
From my perspective, I find it extremely unusual that ROY has been sold off after the recent Warriedar Discovery (40% ROY, 60% GBG) with the first drill holes of the program providing:
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
It is interesting that ROY, with confirmed hematite at large widths gets sold down, when FDL have a 'targetted' tonnage and goes balistic.
At the same time there is more upside with assay results pending from the Gap and Lister Prospects.....
Doesn't take much to add some facts to the ramps.
Cheers,
kennas
SB, Why unfairly sold down?
You haven't actually provded ANY reason for the buyers to return in this statement except for vague references to iron and uranium 'news'.
Can you please add some more justification/analysis/credability to your bullishness in the future.
From my perspective, I find it extremely unusual that ROY has been sold off after the recent Warriedar Discovery (40% ROY, 60% GBG) with the first drill holes of the program providing:
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
It is interesting that ROY, with confirmed hematite at large widths gets sold down, when FDL have a 'targetted' tonnage and goes balistic.
At the same time there is more upside with assay results pending from the Gap and Lister Prospects.....
Doesn't take much to add some facts to the ramps.
Cheers,
kennas
Re: unjustly and unfairly being sold down
"Although very disappointing seeing it being sold down, no question the buyers will return when the positive news starts flowing". This could be said of any stock.
"Without doubt one of the best up and coming Junior companys on the ASX".
With so many other junior companies close to production, what makes this company so special in your eyes?
IMO this unsubstantiated post seems purely a ramping exercise.
I'm increasingly concerned about the increasing number of ramping exercises. I'm glad that the "mods" are on the ball.
DYOR
Sandybeachs,
"Although very disappointing seeing it being sold down, no question the buyers will return when the positive news starts flowing". This could be said of any stock.
"Without doubt one of the best up and coming Junior companys on the ASX".
With so many other junior companies close to production, what makes this company so special in your eyes?
IMO this unsubstantiated post seems purely a ramping exercise.
I'm increasingly concerned about the increasing number of ramping exercises. I'm glad that the "mods" are on the ball.
DYOR
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Re: unjustly and unfairly being sold down
we'll see what happens in the 1st half of 2008..
keep this post and if i'm wrong then you can call me wrong..
Warriedar Joint Venture Project
i'd be expecting further good drilling results (Lister & Gap)
having said that, Warriedar is just a good starting platform for Royal
Royal will move forward with it's Pilbra assets (Railroad & Prairie Downs projects)
http://www.royalresources.com.au/project_details.asp?id=37
also with the following Iron Ore assets:
Plateau Ironstone Project
http://www.royalresources.com.au/project_details.asp?id=32
Tallering Project
http://www.royalresources.com.au/project_details.asp?id=33
as well as it's Uranium assets, which we know they are currently drilling Egnar Uranium Project
http://www.royalresources.com.au/project_details.asp?id=35
we'll see what happens in the 1st half of 2008..
keep this post and if i'm wrong then you can call me wrong..
Warriedar Joint Venture Project
i'd be expecting further good drilling results (Lister & Gap)
having said that, Warriedar is just a good starting platform for Royal
Royal will move forward with it's Pilbra assets (Railroad & Prairie Downs projects)
http://www.royalresources.com.au/project_details.asp?id=37
also with the following Iron Ore assets:
Plateau Ironstone Project
http://www.royalresources.com.au/project_details.asp?id=32
Tallering Project
http://www.royalresources.com.au/project_details.asp?id=33
as well as it's Uranium assets, which we know they are currently drilling Egnar Uranium Project
http://www.royalresources.com.au/project_details.asp?id=35
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Railway project
one of the reasons why i think this company have potential..)
see map below Railway Project (Pilbra) situated around a few major players Rio, FMG, Hancock Prospecting . we should see developments 1st quarter 2008.
http://www.royalresources.com.au/documents/7March2007NewmanIronClaimSuccessfulBallot.pdf
one of the reasons why i think this company have potential..
)see map below Railway Project (Pilbra) situated around a few major players Rio, FMG, Hancock Prospecting . we should see developments 1st quarter 2008.
http://www.royalresources.com.au/documents/7March2007NewmanIronClaimSuccessfulBallot.pdf
