Broker Watch
Riversdale Mining (RIV)
PUBLISHED : 25 Jan 2011 12:00:43 | UPDATED: 27 Jan 2011 04:50:03 PUBLISHED: 25 Jan 2011 12:00:43
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Takeover target Riversdale Mining is still likely to receive a rival bid, according to Royal Bank of Scotland, but the broker downgraded the Mozambique coal developer as it does not expect an offer 10 per cent above its current share price.