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
