I have been accumulating at these low levels. There will come a day when RIV is going to be seriously re rated, and I intend to be there at the front of the queue.
I remember back in August 2007 when the market tanked, and RIV ended up at these levels. When it was back up past $8.00 in 2008, I just couldn't believe the value that was staring me in the face back then in 2007. But that wa before adding 1B tonnes of coal, and having $345M cash in the bank.
You paying cents in dollar / per tonne for coal selling for $100 +. Tata Steel; Ken Talbot, Michael O...this is no kindergarten explorer wannabee. RIV will be making its current market cap in p.a. profit.
DYOR, I have.
Cheers, Skip
RIV Price at posting:
$2.55 Sentiment: Buy Disclosure: Held
