Rio Novo Gold Inc. RIVVF

RE: RE: RE: what is the difference?

[elgin1]

Alex is in Brazil I think he will be back next week..... have not got ridden of him.  Yes board meeting is in New York, I guess its always been held there. Should of had it in Toronto so shareholders could attend, conference call would be a good idea.  Like the last financial said, little cash left, have senior debt arranged for Almas but need equity before they can get loan as right now they dont have equity.   Real question will they be able to have enough cash to survive before they get equity for Almas?    Canacord in its last update on RN assessed value of properties and assets at least 25 cents. The market cap now is equivalent to the ball mill they own.    Britos owns 50% of company so buy out or takeover would depend upon him. I guess every time we think it hits rock bottom, we hit another low so things look bleak.   I dont know what else to say.... as long as they meet the listing requirements for TSX, ie financials are up to date and certain level of assets they wont be delsited (they have enough cash for this year).