Im satisfied that this week will be the defining week for RCH. We have had 10M traded 3 times this past week. Richfield keeps appearing in the top 20 traded stocks yet has not broken out of its thin tight range.
I believe this will be the week we find out if the rumoured Canadian investor is SprottMoly!!
Once the visitors get the stock they are after we will see the leash taken off this stock.
I'll tell you what, if Moly Metals puts its funding away (looking promising again) this may well add to the upward pressure on RCH.
I've never been so bullish on a stock as I am on RCH. The asset is huge, the grade is huge, the management is highly skilled and well connected. It needs funding though and that is the fuse that will ignite the stock.
The good oil is the Canadian connection is going in at 6 cents. We'll see, that would be a superbly classy deal if management have pulled off a placement at a 50% premium to the market price.
Top 20 shares by volume.
11-Apr-2008
ASX Code Company Security Volume Last %
Change GICS Industry Group Chart
TTS TATTS GRP FPO 74,903,779 2.680 -26.78 Consumer Services Chart
DXL DYNONOBEL FPO 33,769,262 2.740 1.48 Materials Chart
TLS TELSTRACOR FPO 33,717,717 4.470 1.82 Telecommunication Services Chart
RBY ROCKEBY FPO 32,390,013 0.010 11.11 Pharmaceuticals, Biotechnology & Life Sciences Chart
CNP CENTRO. STAPLED 26,609,903 0.460 0.00 Real Estate Chart
TAH TABCORP FPO 26,431,933 11.310 -21.29 Consumer Services Chart
FDLOA FLINDERS OPT SEP08 25,890,630 0.033 26.92 Materials Chart
FDL FLINDERS FPO 24,312,051 0.098 4.26 Materials Chart
WMT WEST METAL FPO 20,526,399 0.083 -10.75 Materials Chart
BHP BHP BLT FPO 18,758,311 42.160 0.38 Materials Chart
LGL LIHIR. FPO 10T 15,210,991 3.240 -1.82 Materials Chart
EXM EXCALIBUR FPO 15,010,460 0.023 -4.17 Materials Chart
MYO MYOB FPO 13,859,736 1.450 -2.03 Software & Services Chart
SBM ST.BARBARA FPO 12,717,658 0.820 3.14 Materials Chart
TLSCA TELSTRACOR IRS 12,323,347 2.880 2.86 Telecommunication Services Chart
OXR OXIANA FPO 11,326,664 3.190 -0.62 Materials Chart
RCH RICHFIELD FPO 10,633,412 0.039 0.00 Technology Hardware & Equipment Chart
TEL TELECOM NZ FPO NZ 10,041,867 3.100 -2.82 Telecommunication Services Chart
QAN QANTAS FPO 9,947,231 3.800 2.98 Transportation Chart
BWN BOWEN ENGY FPO 9,661,167 0.225 -2.17 Energy
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