There is much negative sentiment abound concerning China's and the World's continuing need for resources and so I am not surprised that many mining and mining service companies are currently being shunned by investors.
This is a fantastic announcement by DSA which appears to be going from strength to strength in winning work and establishing itself Australia wide after having previously only operated in WA. The contract expiration by FMG had a devastating effect on the SP although not the company, the only real concern for longer term investors.
An end of year dividend has to be seriously considered by the board of REL if they want to see the SP re rated. For anyone not currently in the market wanting to buy the SP is an absolute travesty considering how well the company is traveling, a maiden dividend will help right this.
RQL Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
