RIV riversdale mining limited

facts, page-3

  1. 6,888 Posts.
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    Billy I agree..... just spoke to my broker who may try to find out who is margin call selling to see if they can take a line out .... the story is still the same.

    He confirmed for me that my concern about backing the $100M Tata funds out of the $83M profit to leave -$17M was EXPECTED ... exploration expenses account for a lot of that, and he aslo said the current mine performance may have been relevant when the SP was 70c, but ppl are not investing around $9.30 for the current mine performance - its for the MONSTER resource they have, and before Alikok comes bach again with this 20T rail limitation line of his, my broker makes a good point that someone will buy out RIV and build there own rail line for such a MONSTER (20Billion tons WIlliam Okeffee Thinks)- no brainer stuff, so as much as I hate seeing fundies dump SP to these levels to fund their own predicaments, it is clearly a BUYING opportunity, probably never to be repeated....
 
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