RIV 0.00% $16.20 riversdale mining limited

bhp might be looking..., page-3

  1. 1,605 Posts.
    I think BHP have missed the boat on taking out all of RIV. They have had a look over the site last year (as per previous fin rev article) and didn't make a move.

    Fact is, a major slab of RIV is held by shareholders who use the coal, so they will not be selling shares to BHP. TATA , CSN and Passport + Management would require a VERY HEFT offer to sell their shares.

    RIV may offer a partnership in one of their leases (946 perhaps) to BHP, in the same mode as they did with Benga to TATA.

    I'm looking $15 - $20 for my shares.

    Retail holders dumped shares on the open today. I am happy to by these dips.

    Cheers, Skip
 
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