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0.00% $16.20 riversdale mining limited

tata steel says will hold on to riversdale, page-2

  1. Skipperx
    1,605 Posts.
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    17/01/11
    06:38
    Post #: 7744150
    With TATA holding back their 25%, that leaves an available pool of 75% for RIO to reach .50%, they will now need 67% of available pool.

    This bid looks shaky to me. RIO may increase their offer; there could be another bidder. If it falls in a heap you can wipe $4-5 off the sp. This certainly not the TO scenerio that I was expecting. Selling some on-market is starting to look appealing.

    DYOR!!!

    Cheers, Skip
    RIV Price at posting: $16.48 Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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