Any thoughts on todays trades? Parcels of 600+ bringing the price down.
Interesting read on The Australian website..
the complete article can be read at http://www.theaustralian.news.com.au/story/0,20867,21613674-16222,00.html
THE AUSTRALIAN Mozambique player faces peril of success PROFILE: RIVERSDALE Robin Bromby 28apr07
THE world is screaming for more coal and announcing an initial resource estimate from a new project should be unalloyed good news for a junior mining company.
But Michael O'Keeffe, chief executive of Riversdale Mining, knows the downside of his company reporting this month that it had had at least 62 million tonnes of coal in Mozambique. Coal close to markets in India, South Africa and Europe means that Riversdale could come into the sights of a predator at any time. With an open register and institutional shareholders that might jump at the chance of pocketing a nice profit on their investment, Riversdale is vulnerable.
RIV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
