Rio Novo Gold Inc. RIVVF

RE:Keep your fingers crossed

[elgin1]

Again another pp at low price. This time to a third party offshore company . So something is up. The funds used are to pay royalty fees for the properties to keep the mining and construction licence active. The fact they had DRU vote for shareholders pushed up before annual meeting could mean something up. Thisldu you are correct in your assumption there aren't many sellers left and volume is thin so price could easily move back to last years high of 29 .   Fair valuation is between 40 to 50 cents but it is only an asset in the ground with little value unless money is there to develop it. We will see what happens with POG next few months.