RIV
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0.00% $16.20 riversdale mining limited

Another 3m shares bought today at $15.93...nearly $50m!! That...

  1. dynofish
    3,683 Posts.
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    10/02/11
    16:14
    Post #: 7873747
    Another 3m shares bought today at $15.93...nearly $50m!! That ain't hay!! And it wasn't CSN buying this time because they are already at 19.99%.

    I believe punters still expect an increase in the offer price. If this trades above $16 tomorrow or Monday I think you can bet on an increase. RIO is not in this for fun. They knew it was going to be hard given the shape of the register from the start, so I am not expecting them to walk away that easily.

    regards
    DF
    RIV Price at posting: $15.95 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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