Rico Resources (RRI) - another Warwick, UMC or Giralia?

[Huang Chung]

Here's a Pilbera iron ore play that might be worth a second look.

In a nutshell, it's an iron ore junior, with some fairly much stranded, high grade, low impurity hematite deposits....pretty much like Warwick before they were taken out by Atlas Iron; or UMC, before they were taken out by BHP. The interesting thing is that they seem open to offers by other players, whilst hedging their bets by continuing down the path of developing their projects.

I've taken a stake, and will be interested to see how this thing plays out.


http://stocknessmonster.com/news-item?S=RRI&E=ASX&N=663938

http://stocknessmonster.com/news-item?S=RRI&E=ASX&N=664063

[Huang Chung]

Some handy DSO interceptions at the new EMM prospect, which is part of RRI's Wonmunna Iron Project.

http://stocknessmonster.com/news-item?S=RRI&E=ASX&N=670553

Market just yawned, which is pretty typical right now.

Can't see how this stock won't get get noticed at some stage.

[drillfix]

Market just yawned, which is pretty typical right now.

Can't see how this stock won't get get noticed at some stage.


Hi HC,

To me, it seems much of IO sector is in sleep mode at present. It will circle around again and then things will catch fire. (again)

In the meantime, it continues to be a game of finger on the pulse with a few sectors and stocks.