Oilyman, if directors can get the SP to $10 pre T/O speculation, and have established 13 billion tonne resource on only a fraction of their tenements, and the Zambesi river barging option is likely to be feasible, why couldnt they take the SP multiples of $10 over the next few years ?
They've had no trouble getting CR away in the past, with plenty of support from instos and the Mozambique govt, so what if they blow share register out by double say to fully develop the resource ? .... the numbers still support a SP multiples of RIOs offer over time.... can anyone, even skipperX really deny the SP is worth multiples of $16 over the next say 3-5 years ?
Skip, for someone who has consitantly in the past posted only posiitovely about the future of RIV and likley direction of the SP over time, your reaction is quite surprising .... the sort of knee jerk response one would expect if a director was reading my post, and lost his temper with a bitey post back like that ..... hmmmmmm
RIV Price at posting:
$17.03 Sentiment: Hold Disclosure: Held