I find it humorous to think that RIV bought ZAC off BHP in 94-95 and today we talk about them buying us. ZAC is not the jewel in the crown but still funny. I would like to see more proven resource drilled b4 a talk of a take over.
Quote from RIV report 'Initial findings in EL 946L are very encouraging, confirming the continuation of the same sequence of coal seams encountered in Benga, but over a much larger area.'
We already have 4 Bil tns of coal. If EL 946L is as good then RIV is a monster.
RIV Price at posting:
$5.75 Sentiment: Buy Disclosure: Held