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
