re: flexing the muscles
My feeling is that this stock is becoming less and less driven by announcements and more driven by larger players finally having a good look at it. These larger players would particularly be looking at the annuity type revenue streams in the US from long term contracts underwritten by local and state government clients.
Obviously the lower exchange rate helps, 78c down to 70c makes that US$ revenue stream look pretty attractive particularly as we may have seen the short term peak of the A$ if US interest rates start to move
Not to say there will not be a few announcements to rocket the SP, I can think of one or two happenings that will knock the socks off all of us :)
There's always reasons to sell a stock and best of luck to the RDF sellers but I sure would not like to be in their position looking at the SP in a few months time.
RDF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
