RIV
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0.00% $16.20 riversdale mining limited

crazy

  1. Weihuawang
    1,015 Posts.
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    24/10/08
    11:54
    Post #: 4424276
    RIV just hitted a new year low at $3.04, MC around $570M.

    RIV holds $345M cash, annual profit from South Africa coal is $9.1M, accounts for $90M of MC, and the rest of Mozambique project is just valued by $140M, which RIV holds 65% of 2.1BT coal resource in just 2% exploration area.

    Never see a market so crazy, maybe I am too young.
    Bought another 1000 shares at $3.06.

    I will catch the falling knife.

    Cheers
    RIV Price at posting: $3.12 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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