For those of you who are able to see/hear who's buying and...

For those of you who are able to see/hear who's buying and selling, watch Shaw as they arranged the MGX placement and are close in a corporate sense to RMI as well. I use them and they have been singing RMI's praises for a bit now and called MGX as a big mover a while back. The speculation is that new drilling should start this month and with talk in today's AFR that BHP might be in a position to improve on Rio's recent iron ore price negotiations, it may well be that we can get another leg higher in the headstock. Clearly the price action has lacked some followthrough but with Perth brokers starting to talk more about RMI, you've got to think that there will continue to be spurts higher followed by profit-taking from the t+3 brigade.