RIV 0.00% $16.20 riversdale mining limited

this waiting around is killing me!

  1. 496 Posts.
    Still watching and waiting and cannot make up my mind whether to sell or not.

    Waited too long on my centro shares and I paid the price on that one!

    With RIO's offer, the way I look at it is that they are obviously very serious about the whole thing as they have the cash, it is a good fit and they keep on extending the offer. BUT it does certainly look like they are not going to get 50% or anything like it due to all the blocking stakes and the question is will they be satissfied with less than 50% or will they walk?

    IT really is a gamble at this stage. I sold 2/3 of my shares at about $16 and am watching the profit on the last 1/3 slowly ebb away.

    Still really surprised there were no other bidders but them's the breaks I suppose.

    Any thoughts from other holders?


 
watchlist Created with Sketch. Add RIV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.