RIV 0.00% $16.20 riversdale mining limited

get exposure to riv and other coal stks

  1. DSD
    15,757 Posts.
    posted this on the SDM thread but relevent to RIV.

    Bought SDM at 1.63 about 7 weeks ago when RIV ann it would proceed with BFS on their huge coal reserves. SDM have won a large slice of the RIV work and should everything proceed as planned it will be a 'company-maker' for this engineering firm. Main obstacle is getting Beira port up-to-speed and quite possible SDM will win work there as well. SDM is world's #1 coal handling contruction expert and poised to benefit from plans across many coal producers to expand/initiate production. For those interested in gaining exposure to coal across several companies rather than a single mine, then SDM is a method worth considering. Since winning the RIV tender SDM SP has dropped steadily from 1.65 to 1.45-1.47 mark. Read latest SDM presentations and their forecasts re FY10 and make yr own decision.
 
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