RIV 0.00% $16.20 riversdale mining limited

Since the t/over offer announcement in the 23rd of December and...

  1. 300 Posts.
    Since the t/over offer announcement in the 23rd of December and the 30 Nov when riv shares increased in Vol until today only approx 10% of Riv shares have changed hands ie about 30 Mill.
    With this low volume i believe buying is due to punters wanting a quick profit hence price to $17 rather than accumilation by major share holders.My thoughts are the Major holders will decide Rivs fate not the daily increase in volume over the last 5 weeks.
 
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Currently unlisted public company.

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