BidsA royalty is only worth something if they find something and then mine the something. Otherwise it is worth nada. If PLY make something then they make something. Sounds like they got shareholder approval at the AGM. In my view I hope they make a fortune because that means that PLY makes an even bigger fortune and I will make a much smaller fortune but it will still be a fortune to me.
I don't think that the royalyy has anything to do with the lack of bids though. The lack of bids to me just means that people who want in before the drilling are already in. People with a lower risk tolerance are on the sidelines.
Keep drilling. Go deep!!
Owl