Hi all, couldn't resist jumping on board after the ann this week of the massive tonnage and the pull back today....the company is in for a bright future...and has a seriously well connected heavy hitter and former RBC Investment Banker as its MD...so watch out for some value creating stategy in the coming months IMO.
Still on the RBC website...
Steve Mallyon is a Managing Director in the Global Mining and Metals Group. Steve has worked in operating and senior corporate development roles initially in the construction material sector with CSR and subsequently for major Australian mining houses RGC and MIM. At RGC he was involved in a number of takeovers including Pancontinental and CRL. At MIM Steve worked on the acquisition of both the Ernest Henry and Bajo De La Alumbrera copper projects. He later worked for Billiton Plc's London based M&A team during that company's major growth period in the late 1990s culminating in the acquisition of resource businesses including QNI and Rio Algom. Steve returned to Australia as a Director of Rothschild Investment Bank and has advised on range of transactions including the debt restructure of the former Anaconda Nickel to the three way merger to create Bemax before joining RBC Capital Markets in November 2004. At RBC Steve has managed public market transactions including the defence of Tethyan Copper and Andean Resources, the merger of CBH and Triako and capital raisings for a large number of mining and exploration companies.
Good luck to all
RIV Price at posting:
$4.18 Sentiment: Buy Disclosure: Held
