MM thinks RCR will be Forge Mk 2, page-7

Cash $42.6mil as 30.06.14
Debt $99.8mil

Net debt $57.2mil

These guys have been shifting towards a greater weighting of infrastructure work. This will be the driver for Australia, as mining takes a back seat.

I believe the weighting could be towards 75% to 80% of all revenue (in the 12 months time) will come from infrastructure spending.

However someone is certainly targeting the price, either via genuine selling or shorting it. I was looking at adding at low 1.60s but will be patient, as very strong support sits around 1.30/1.32 and this sucker is illiquid, hence can be easily moved.