RQL is a diamond among the 2,000 companies on ASX. Incredibly convoluted and restrictive legislation conjured-up by incompetent fussy nincanpoops in the QLD/WA department of environment has made things very difficult for miners... new and old. WES's Curragh mine is just about the biggest taxpayer in QLD... yet has (on more than one occasion) stated its frustration at the complex inept legislation that has made draining the flood water from January an ongoing task... only just being completed now!!
Many mines do not have the expertise to design, construct, implement, and then effeciently utilise equipment needed to control the drainage/water dispersal from their open-cut/UG mines. RQL now provides the entire package including the piping made by their latest acquisition. In his Feb address the CEO stated 2hFY11 will 'be very busy'. It's been more than that.... it's been hectic including several projects in QLD. Some large projects have recently been completed. PLus pumps bought with an AUD at $1.05-$1.10 has saved a couple of million. FY12 shaping-up to be bigger again.
Diamond's may well be a girl's best friend... but RQL's best buddy is our convuluted over-regulated beaurocracy. Try and buy at/below 62c. The result on Thursday 25th August will put a smile on yr dial.... and mine. dyor always.
RQL Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
