RIV are looking after their shareholders. They will be the only ones benefiting from the entitlement Well, that is apart form the retrace that will occur with the sp which will give those without an opportunity to be on board.
This is a monsters of the ASX and the in the world of coal. 3 x 1 tier coal assets. All being fast tracked to deliver 2 years ahead of schedule. If a few things fall into place $30 to $40 per share is not that far off.
Below is a pictorial from the ASX site. This transfer of ownership takes 3 days from the matching of a buy and sell. Hence one would have to have bought on Thursday
SP will fall as some owners may want to dump a few to get in a little cheaper. HOWEVER this stock will be re rated. 20 000 000 million tons of export in 2013 not 2015. That is yet to be factored in to the SP and will bring support through buying.
Been said before a must hold in any resource portfolio.
RIV Price at posting:
$10.20 Sentiment: Hold Disclosure: Held
