We continue to view copper and coking coal as our headline recommendations over the next 12-18 months, as these are the two markets we see being fundamentally tight, with supply relatively inelastic to price. We are also particularly bullish on the prospects for platinum, palladium and lead.
Just how long before this thing gets taken over? I can't believe it has not happened already. No one wants to buy on shore coking coal assets with this govt in power. The Aquila deal is the latest come to earth for onshore valuations. If anything, this Rudd lot have only increased our chances of becoming a target imo.
RIV held up very well and shrugged off the 20% market correction very well as it continues towards the old highs of $12..
The longer term coking coal basin is held by Riversdale with all the right share holders and customer base close at hand. dyor.
RIV Price at posting:
$10.14 Sentiment: Buy Disclosure: Held
