RCH richfield group limited

Im satisfied that this week will be the defining week for RCH....

  1. 1,057 Posts.

    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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