I did a 2 minute valuation yesterday just to reassure myself. I sold my trading position at $9, thinking we would be back to a 6.50-7.50 range....never thought I would see 3.70.....I got some more for trading at 5.99 and got hammered!!! Actually got me quite rattled, and was ready to quite the whole stake.
Also, I would have thought that with Tata buying the price would have been higher. They have obviously be buying 98% of all shares being sold. In this market, they do not have to increase their bid offer, just wait for the market come to them.
Interesting times.....RIV is going to go for big run, I'm not selling, I am accumulating at these prices. Have a look at Huntley's valuation in RIV website.....and that's based on 2B of coal....$ 18.00+...what about at 10B????
The current price of RIV is spectacular....
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