I came across RQL late last week. Immediately rcognised the prime position they are in with mines in Pilbara and East Coast having massive drainage problems due to excessive rain. Only downside is that RQL were unable to double their stock of pumping equipment overnight due to longish lag-times from over-worked manufacturers. Nevertheless the remaining 9 months of CY2011 will be the busiest in this small-cap mining service company's history. Mkt starting to notice the potential with 1million shares traded today. My order was triggered on Monday at 65.5c. I had another at 62c which remains unfilled. I reckon RQL will appeal to posters such as Simon1, Ormond, Dejavoo and Onyx to name a few. Certainly worth a close look IMO.
PS. I'll make a stab in the dark. This stk would be an ideal TO target for MIN. I'll write to them next week and draw RQL to their attn. I did same with ASL re BDL. One never knows.
RQL Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
