RIV 0.00% $16.20 riversdale mining limited

Ann: Trading Halt , page-3

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,605 Posts.
    No. Read the second announcement... it relates to a possible cap raising.

    I would speculate that this is to accelerate the stage 1 Benga mine development to perhaps include stage 2, at the same time. I say this, because RIV already has the $$$ in the bank for stage 1.

    I can't see any cap ex requirements for barging yet, as the Chinese will have to do a full review of all the barging + Zambeze river info that RIV has to date, as well as do their own studies.

    A cap raising at $10+ is a good call for the company, in the light of possible risky markets in the next 6 - 12 months. RIV did the same thing, prior to the GFC, with their $9.30 cap raising.

 
watchlist Created with Sketch. Add RIV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.