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03/11/10
03:25
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I think there are a few things in favor of RIV atm.
- Demand for coal getting great coverage
- RIV has stated that it is looking for a JV partner for another potential 5billion tn project around the airport
- This JV may include swap for FE with early cash flow to tie over until the coal is flowing?
- TO talk still including RIV in the possible mix
- India supply concerns also getting a regular mention in the press
- Barging news on the horizon, OMG if that is positive.
The chart has penciled in a double top which needs to be broken to give confidence. Should know in the very short term if this is to be the case.
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