Rio Alto Mining Limited RIOAF

AND THE SECOND STAGE?

[digingdeep]

Few months ago, Kallpa Securities peruvian RIO stockbroker, was calling its clients recommending buy RIO at a price over $5.00, due to the second stage copper project and a take over was inminent. .

However nothing of that happened. I guess that somebody delivered the rumour to Kallpa and dumped million of shares over $5.00. Local investors that bought at that level have lost lots of money. Something to investigate???

I seriously doubt that this stock will go back over to $5.00 again.  

I heard that social conflicts have arised around the second copper stage. Peasants dont want to allow an open pit and dont want to sell surface rights.  

Anyway, no news about the expansion yet and its all speculation.