RIV 0.00% $16.20 riversdale mining limited

RIV has run up 32% this week, and it will meet heavy selling...

  1. 1,015 Posts.
    RIV has run up 32% this week, and it will meet heavy selling pressure since it is not relative cheap now compared with other coal stocks, specially MCC.

    Like CEY soared to $2.91 this morning but now retreated to $2.56.

    Talbot will take a rest, and I think he will make a judge which to buy, RIV ($2.50) or MCC ($3.50). Also I am afraid that TATA needs Australian government approvement to buy more since it has already held 10% RIV.

    Cheers



 
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Currently unlisted public company.

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