The climate talks will have zero effect on coal companies for years. No one is willing to turn the lights off, its a tax short term that will get passed onto the users when it finally comes in. RIV's asset is OFF SHORE, so its a major target for steel producers to fill the gap down the track. Good luck taxing them. None of this will stop M&A and bids like Felix. The coal price is going up and major deals are being done around the world regardless. I noticed that another large Japanese group just put up over $550m for 20% of Qcoal and a 2m ton pa off take. Its not in production yet.What's RIV ground worth for an off take now? dyor.
RIV Price at posting:
$6.69 Sentiment: ST Buy Disclosure: Held
