Rheochem was tipped yesterday by a well regarded tipster (James...

Rheochem was tipped yesterday by a well regarded tipster (James Faulkner of www.watshot.com) in the UK.

Basic premise is that the sale of the fluids business was a good idea and outlines the upside to come from Athena and the rest of the E & P portfolio. Makes a good case for buying the shares and has convinced me to buy another 20K today.

Faulkner is also one of the investment managers for T1ps Investment Management who have two of the best performing funds in the UK over the last three years.

Wouldn't be surprised to see one of the funds take an interest in the shares in the near future. The guy running the funds management business, Tom Winnifrith, tipped Rheochem some time ago based mostly on the fluids business but got out due to the under-performance in 2009.

Hopefully the increased exposure can get the share price moving back towards listing price.