AQA seems to be a good trade on weakness. These sorts of companies are targets for major miners looking for long term projects but RIV's project is world class and then some.riversdale is a better play imo as its focused, cashed up and has Tatta. Its a simpler company to understand. RIV also has a massive amount of coking coal. FMG is a single focused company and check it out. AQA announced there project [50%] has 750m tonnes. RIV will end up with 5-10 times that coal and it has a smaller market cap. AQA sold its leases to RIV for a relatively small amount of money. RIV may prove up more coal on those leases than what AQA has in total. RIV is shaping up to be one of the worlds largest coal deposits and given the long term fundamentals..i like it. I think Iron ore is a 'crowded trade' compared with coking coal. AQA is a good company, but i have stuck with riversdale.
RIV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
