Market wants 'sexy' news...off-take agreements, jorc's, mine licences, and the such. RIV is currently in a holding pattern, whilst they get a clearer picture on off-mine infrastructure, potential customers, and additional investors.
The impatient, and frustrated (at lack of sp increases) will sell and move on. This is especially so, in the part of the market, chasing spec stocks, that have more froth than RIV at present.
It certainly was frustrating to see the price drop from $6.30, on the false rumour last week.
Riv will come out with a wopper on the resource from.
This is not the time to be watching the sp daily movements. If you need a specy fix, there are lots around, but be careful!!
Cheers, Skip
RIV Price at posting:
$5.77 Sentiment: Hold Disclosure: Held