RIV riversdale mining limited
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gsjb target on riv

  1. Weihuawang
    1,015 Posts.
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    23/10/08
    15:33
    Post #: 4420931
    Bought another 1000 shares today. If it keeps falling, I will sell all my other holdings (at a loss) to acquire RIV.

    Current market capital of RIV is $650M, and it hold $350M cash.


    GSJB Were maintain their HOLD recommendation on Riversdale Mining (RIV) and 531c target price after its quarterly update yesterday. They believe the region in which RIV operate in (Mozambique) has "scope to be a significant coking coal producer over the next decade".

    Refer the following link for GS's recommendation.

    http://www.livenews.com.au/Articles/2008/10/23/Midday_Market_Roundup_23102008

    Where is TATA today? I don't think he is buying today.

    Talbot may be busy hunting other coal stocks, he still holds plenty cash.

    Cheers
    RIV Price at posting: $3.46 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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