I and a lot of other holders totally agree with you David 25.As i have said in a previous post the largest shareholders are holding CSN and TATA so that coal supplies are assured to them except for Portfolio partners been an investment company.What if Rio assures CSN and TATA coal supplies and Rio then ups The price for remaining shares say at $20. What that to me means is. 1 Rio will have majority share holding to start the massive works to bring coal out to the shipping lanes of the world. 2 Rio will not need to pay out $20 for all 288 mill shares on register so hence it is not an extra Billion $1 approx but an extra $500 mill due to the above major holders retaining there 43% holding.I DO EXPECT PORTFOLIO pARTNERS TO SELL the remaining holdings as cash is king for this lot and Rio can soak up the rest of the registry of smaill holders like my self at $20 offer. 3 Its easy peasy when you think about it.Rio talk the talk with the majors and the rest of us walk the walk at $20.Cheers
RIV Price at posting:
$15.95 Sentiment: Buy Disclosure: Held
