No need to tell Skip, Riversdale has been played with over and over and over, the ASX is bloody well useless.
Question, do you think the $200 million placement had something to do with it? Or possibly forcing index funds to sell stock once the market capitalisation goes below a certain level.
By this I mean hedge funds would drive the price lower in attempting to trigger the margins and then pick up scraps on the cheap we have seen this get smashed to low $6 then get bought up again then it gets smahsed again this week and no doubt about it watch it get bought back up.
RIV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
