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Rio Novo Gold Inc. RIVVF

"Rio Novo Gold Inc is engaged in the acquisition, exploration and development of mineral properties located in Brazil and Colombia. Its properties include Almas gold and Matupa gold projects in Brazil and Tolda Fria gold project in Colombia."


GREY:RIVVF - Post by User

Bullboard Posts
Post by nosieparkeron Oct 03, 2013 7:00pm
122 Views
Post# 21789589

and no money left in the till

and no money left in the till
Yes, they have so, so much but there is no money.  Which will mean a cheap financing that will further dilute us.  The reality is that it is unlikely that the financing will be offered to any but the controlling positions.  I realize that this is the norm but it does get frustrating.  It appears that the control block manages to get the stock low and then finance to gain even further control.  Wouldn't it be nice if they supported the stock on the open market instead of the usual nickle financing with a 2 year warrant......?????
Bullboard Posts