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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

Comment by elgin1on Jul 28, 2016 7:56pm
194 Views
Post# 25093957

RE:RE:More movement of shares thus time on T.ora exact same terms

RE:RE:More movement of shares thus time on T.ora exact same terms He controls most of RN shares. Ora has a lot of debt, warrants , large float......he is not in control of ORA (might have shares in an offshore company or have aquaintces that hold shares). Cyprus River held both of them before anyways ..why sell to another shell company? I think he has more or complete control with Northwestern.  Britos never puts his own money to build anything, he is a property vendor for all the deals. he will not finance or back anything personally, thats why RN is still publiccally traded... he uses ipos etc to finance the project and reap the rewards. I think you will have your answer by September since this transaction closes on August 22... or in the months following. I think that before the end of the year something will happen. 1) JV deal with a major, 2) buyout with a major  ......   Yamanas Santa Cruz is in Brazil and RPM valued Brazilan real and flat gold price of $1300 to be very economical......We should hear within next few weeks for updated DFS.  
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