RIV 0.00% $16.20 riversdale mining limited

Zara - dont worry, it will go higher, buts its inevitable that...

  1. 4,739 Posts.
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    Zara - dont worry, it will go higher, buts its inevitable that if RIV keep running like this, it WILL retrace to some extent, so why not make money on that natural price movement/adjustment, before it goes up again ?

    I can imagine the market buying just now on expectation of impending news regarding BFS and transportation determinations, and once thats all out, the market saying well what now ?, and then the old 'buy the rumour sell the fact' phenomena kicking in for a period...

    Biggest danger is if a T/O bid comes from someone like TATA or Ken T, because they like the RIV story so much, at say $12 - they you get blown up by shorting...
 
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