RIV
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0.00% $16.20 riversdale mining limited

I just read the bid media release and they have secured control...

  1. dynofish
    3,598 Posts.
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    23/12/10
    12:08
    Post #: 7652312
    I just read the bid media release and they have secured control of only 15% of the shares at the bid price. Therefore I cannot see this proceeding on basis currently proposed and I am sure that RIO expects to, and will, increase its offer. There will be counter offers and in my opinion the media statement all but foreshadows it. I'll be holding for a higher price!!

    regards
    DF
    RIV Price at posting: $16.30 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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