for holders of riv

Fellow shareholders, I am absolutely ECSTATIC with the release today of the Sept. quarterly report:

http://www.riversdalemining.com.au/component/option,com_doclib/catid,14/Itemid,24/

The progress is orderly and dertermined, and the position of the company at this stage, is fantastic..some hightlights:

* 2.1B reserves of Coal;
* Progressing of mine development plans;
* KT (ex-MCC) now owns 14% +/-;
* TATA have increased there holding in the past week;
* AUD$ $345M in the BANK!!!! No debt ($3M only);
* Income earning coal mine in SA
* Proceeding with power station option

AND.......

•
" Exploration in the non Benga licences commenced as scheduled in September 2008 starting with EL946L immediately north of Benga. A total of 7 holes were completed and these holes intersected the same sequence of coal seams as at Benga, indicating a significant extension of the Benga coal deposit. "

Now remember, this is not part of the TATA lease, there fore 100% owned by RIV.

Uuummm...I think we are striking the motherload on RIV.

I am not a ramper, I purposely only make these remarks to current RIV holders, who have done their own research.

In a time where people are saying the world is going to hell in a hand basket, and our portfolios of investments have been smashed, I read this report from RIV, in it's measured, organised and understated presentation, I take my hat off to management for getting things to this point.

In a market that has spruiked a lot of wannabees, I think we can all rest easy on RIV.

Cheers, Skip