RIV
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0.00% $16.20 riversdale mining limited

if rio falls thru ?, page-3

  1. Skipperx
    1,605 Posts.
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    01/03/11
    18:39
    Post #: 7976023
    I would be expecting something lower..in the order of $10 - $12. There will be plenty off-loading; we saw 10m volume today. CSN and TATA already have their stategic holdings. If Passport dumps then expect a soft price.

    I guess it will be back to the Chinese MOU that was put on hold whilst RIO made their bid.

    I do not see the bid as dead just yet, it may go unconditional.


    Cheers, Skip
    RIV Price at posting: $15.49 Sentiment: Sell Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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