Anthony Albanese, CEO of Rio, spoke today on Inside Business. He mentioned potash as a commodity of interest. he also mentioned that Rio is looking at smaller acqusitions.
I was in Riversdale at 50c and now RIO is bidding $16 for them (it took 4 years). In STB at 45c - and been buying more on the way up - what a great result if something similar happens here... but not before value more fully proven - wouldn't want to see it taken out cheaply.
STB Price at posting:
$4.12 Sentiment: LT Buy Disclosure: Held
