Rio Novo Gold Inc. RIVVF

RE:Updated FS Thoughts?

[elgin1]

Project is very feasible and profitable... gold is trading at $100 above now so even more profitable. This DFS is to show that manangement is doing something .... but reality is share price is being depressed so Britos can accumulaue all the shares for cheap and then he has plans which will benefit the majority shareholder which is him. Management pretends to be independent.... but Britos pretty well calls the shots. Even at 26 cents this is very cheap. Should be trading at least 50 cents.  So as management pretends they are moving the project forward, Britos is palnning the real move for the company. Merge it with Aura minerals? Take it private by buying it cheap here?  Do a jv with a major? All i know that is the current management is too inexperienced to finance and build and operate the mine. Britos is a property vendor, he does not lend money to a project. Perhaps a finanacing? . Another thing is that there is very little free floating stock.. it is controlled by a few who ( i believe are related and working together) /  These are my opinions only....  only one will benefit from this will major shareholder.... lets see what happens. GLTA