RIV
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0.00% $16.20 riversdale mining limited

dont like this comment in the statement:The offer, expected to...

  1. DazzaHC
    685 Posts.
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    22/12/10
    07:16
    Post #: 7645372
    dont like this comment in the statement:

    The offer, expected to be endorsed by Riversdale, is slightly below the $16.30 at which Riversdale shares were selling before they entered a trading halt.

    But the deal is likely to be presented as a premium to the $14.10 at which Riversdale was trading on December 3, the trading day before the company revealed the earlier $15-a-share offer from Rio.



    i honeslty cant see why RIV directors would say yes to 16.50?
    RIV Price at posting: $16.30 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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