RIV 0.00% $16.20 riversdale mining limited

facts

  1. 5,609 Posts.
    why do we have issues with the company now?
    the rail is being upgraded and run by an Indian company. That work is ongoing.
    The coal quality and scale is there.
    TATTA is a major supporter and player and nothings changed with that.
    Coal price fundamentals remain strong.
    Drilling continues with yet another major resource upgrade coming our way.
    over $310m in CASH.
    I reckon its some hedge fund thats blown up and is selling. When prices drop like this, people simply imagine something has gone wrong and panic. It could be margin lend or anything but i dont think its got any thing to do with the project at all imo.Like to see a company update.
 
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