Thanks for posting those articles, they were interesting.
I liked this point...."Vale has been enthusiastic about a new railway, but Alexandre warned that the Brazilians were much mistaken if they thought they could exclude their competitors from such a line. Mozambican law will not allow that."
I know that VALE have been trying to shaft RIV from day one, on all fronts. RIV management have been playing with a straight bat, and have earned them good favour with the government.
RIV will get the own back shortly if the barging is approved. RIV 's 946 and Benga deposits are right on the bank of the Zambize, and VALE's is the next tenement inland, with no direct river access. RIV will have to grant them right of access...lol
I hope we do not get big volumes next week, as this will signal corporate manoeuvring. There is way, way, way too much value to be unlocked in RIV, and I do not want a takeover, let alone one this year.
Good fortune to all, Skip
RIV Price at posting:
$10.59 Sentiment: LT Buy Disclosure: Held
