Only modest volume gave SP a hard push today.
Is there any chance that TATA will increase it holding to 15%?
It is clear that TATA and Talbot did not buy RIV in recent market, otherwise we would not have ssen the silly price of $2.19 low on Tuesday.
RIV is still well undervalued. It holds $345M cash ($1.85 per share), and the net asset value of $484M ($2.60 per share).
Hopefully RIV will get mining concession in Tete soon.
Cheers
