RIV
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0.00% $16.20 riversdale mining limited

indian coal demand, page-4

  1. falling knife
    988 Posts.
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    06/08/10
    20:47
    Post #: 6992217
    Imagine RIV being involved in a TO where the offer is 15 times earnings as was the TO offer for CEY..... Snippet from article

    Banpu's bid for Centennial was pitched at about 15.5 times forecast earnings for 2011, topping the multiple of 13.3 on U.S. coal Peabody's best offer of A$16 a share for Macarthur Coal.

    http://www.reuters.com/article/idUSTRE6742F220100805
    RIV Price at posting: $10.15 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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