These guys are amazing in their contradictary statements. Today's statement says
"The Offer from Rio Tinto provides Riversdale shareholders with the opportunity to receive what the Recommending Directors consider to be an appropriate price for Riversdale shares, considering in particular the pre-production nature of the majority of Riversdales assets and the significant time, risks and uncertainties involved in bringing those assets to the production stage."
At the end of September 2010 they were screaming that RIV was hopelessly undervalued at 0.13 cents per tonne of coal resource compared to market averages.
RIV Price at posting:
$16.30 Sentiment: Hold Disclosure: Held
