RIV 0.00% $16.20 riversdale mining limited

crazy, page-19

  1. 1,015 Posts.
    Only modest volume gave SP a hard push today.

    Is there any chance that TATA will increase it holding to 15%?

    It is clear that TATA and Talbot did not buy RIV in recent market, otherwise we would not have ssen the silly price of $2.19 low on Tuesday.

    RIV is still well undervalued. It holds $345M cash ($1.85 per share), and the net asset value of $484M ($2.60 per share).

    Hopefully RIV will get mining concession in Tete soon.

    Cheers



 
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