RIV riversdale mining limited

i know the market is screwed and the stock has dropped. All...

  1. 5,609 Posts.
    i know the market is screwed and the stock has dropped. All mining stocks have gone the same way but the management have built a terrifically strong base for the share holders. They issued stock at $9.20 and got Tata over the line. They actually did a great job and a lot of their hard earned options are useless as well. They are running the company and relatively to the stock on issue, its small chips. The management wont pay up the options and sell them off, they really are only any good if the market and company does well and i want them to have some real upside. its far from being a free lunch, most people don't want the job. They built this company from dot to $2b with $340m cash at one stage and now we have the benefit of this. Imagine what the stock would be worth without the cash now even with a world class resource? dyor and good luck.
 
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Currently unlisted public company.

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