RIV 0.00% $16.20 riversdale mining limited

over bought, page-17

  1. 5,609 Posts.
    Mitis
    As we know, given what is going on in the coal market..sellers are seriously missing the point. The fundamentals are gathering like major storm clouds in the sector. We are now seeing some coking coal contract being completed over $300t already. Thermal is also well over $100t. If one thinks its good to see iron ore prices back over $120t, then strap your hat on when it comes to coking coal at nearly 3 times that amount. RIV just happens to have more of the stuff than just about anyone. Funny to see people sell and i don't just say that because i am long. Blind freddie can see what's going on here. dyor and enjoy your wealth growing this year. good luck.
 
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