Will RIV be here in 6 months when the dust settles and fear leaves the market? Will we have a product for sale? Do we need cash ATM to get the project moving forward?
Answer these and you will know whether to sell buy or hold.
Another snippet from the papers.
Riversdale Mining (RIV), which has just upgraded its Zambeze project in Mozambique to 9 billion tonnes, with hard coking coal and thermal coal present.
Interestingly, Riversdale itself is talking about supplying the Indian and African markets but clearly the UBS team thinks China could also be a buyer.
Link http://www.theaustralian.com.au/business/tax-crisis-compounds-resource-price-slump/story-e6frg8zx-1225876198831
RIV Price at posting:
$9.31 Sentiment: Hold Disclosure: Held
