RIV 0.00% $16.20 riversdale mining limited

Ann: Trading Halt , page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,363 Posts.
    lightbulb Created with Sketch. 50
    SkipperX,

    I just sent an email to a friend (which shows my thinking):-

    "This is strange...given that Riversdale have about $250m in cash available. They don't need to raise further capital.

    From past expereince, the shareprice will usually move towards whatever price the capital raising was at (at least in first few weeks followign the capital raising)

    If new shares are issued by RIV to the capital provider at say $10/share then the shareprice will usually come back to $10.

    Depends now on the quality of the party providing the capital. "
 
watchlist Created with Sketch. Add RIV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.