RIV 0.00% $16.20 riversdale mining limited

dow jones wire..riversdale article.

  1. 5,609 Posts.
    DJ MARKET TALK: Riversdale Target Upped To A$10.50 By CS

    2304 GMT [Dow Jones] STOCK CALL: Credit Suisse hoists Riversdale (RIV.AU) price
    target to A$10.50 from A$6.25 vs A$9.20 last trade, retains Neutral recommendation. Says
    company's Mozambique assets base makes it a relative winner from resource super
    profits tax proposal. "In fact, with the proposed decrease in the company tax rate
    to 25%, Riversdale actually benefits," Credit Suisse says. Adds proposed tax could
    affect global metallurgical supply in tight period to 2012 if it causes delay to
    infrastructure expansion, potentially providing support for coal prices. Says bidding war
    for Macarthur Coal (MCC.AU) suggests Riversdale isn't takeover proof.
    ([email protected])
 
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