technicals

http://www.barchart.com/opinions/stocks/RRL.LS

LSE volume was 40.913m with another 12.705m on the plus market so Total 53.618.Close 4.88 middle = 8.4c
Do not see the ASX being able to supply that number of shares. The UK market makers are now very short of shares and so I can smell a squeeze with each market feeding off the other.
AIM now holds more than 50%, top 20 must account for another 30% leaving only 20%. Assuming half of those Oz holders will not sell for a while yet as they have come this far, then there is only 80m odd shares to play with. Most of the RHPS buyers are medium termers and if an announcement regarding Smith fraccing or RB comes along then things should get very interesting indeed.

vsm