Shaw River Resources (SRR) should be on all peoples watchlist as they have ground near the Woodie Woodie mine in WA and have done some drilling with promising results. Hartleys Research believe they are a speculative buy at 22c (on 22 June 2009) and also had a specultive buy on them at 10c (on 11 May 2009).
Recent ASX release has indicated that they have just got the exploration leases west of Aurora's in the same rock formations. Current price is around 17.5c and the other interesting thing is that OMH Holdings has a 12.5% interest in SRR. They have been buying there shares on-market and have slowly been increasing there shareholding at these price levels. 12.5% as of 3 Aug 2009 increased from 9.9% on 9 Jul 2009 from 8.3% on 26 Jun 2009 from 5.4% on 1 June 2009.....so some rapid buying they must think they are onto a good thing and all purchases have been on market.
SRR Price at posting:
16.6¢ Sentiment: Hold Disclosure: Not Held
