M&A

Riva savaged on dilution

SHAREHOLDERS in Riva Resources have reacted angrily to the massive dilution being offered by Riva Resources, selling out of the company in droves and wiping some A$5 million from the value of the junior after it announced the purchase of a cobalt-nickel-scandium laterite project in New South Wales.

Haydn Black
Riva savaged on dilution

The almost 60% drop of the share price to just 0.7c came on the same day that its new neighbour Jervois Mining jumped more than 50% on news it had raised almost $13 million to drill out its Nico Young...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.