riv sell

The deal regarding Riversdale Mining is simple there is only one end buyer in the take over of RIV.
The Rio bid deal is subject to 50% acceptance.
Any likely new bid will be more likely to be unconditional not necessarily at a much higher price.
Rio Tinto is one of the few companies in the world with the Geo Political connections to actually operate the mine.
It?s one thing to invest and buy shares it?s a whole new ball game to put the deal to bed. Build a railway, a port and infrastructure to actually operate the mine.
There is no question of the product or the quality the risk is geo political, The Indians do not have the ability to put this to bed. Rio knows this hence, it?s not going to have to pay more.The Indian's don't have the capability to run or operate a mine. Hence, Tata has already stated that they are happy to have Rio Tinto as the operator.
We are dealing with Sierra Leone a country not long out of a civil war where they were chopping hands of for blood diamonds.