MFE 0.00% 1.0¢ magnetite mines limited

expect support

  1. 1,967 Posts.
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    All indications are now positive for a gain in SP for ROY.

    Feed back from USA indicate that ROY have now set up a exploration headquarters, completed all legal work including the registration of a new US subsidiary and are now working towards a November start for full on exploration which will include drilling.

    Three Aust Directors have spent the last three weeks in Utah getting things in order.

    It is expected that as results come through support for ROY will come from USA investors. This is a top project which will undoubtedly give a big boost to ROY and its shareholders.

    On the local scene Gindalbie are drilling away on their JV with ROY in the mid west, expect some feedback when the Directors get back from USA, which will be early this week as they will want to attend the UMC AGM.
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