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Bullboard - Stock Discussion Forum Rio Alto Mining Limited RIOAF

Metals & Mining Industrial Metals & Minerals

GREY:RIOAF - Post Discussion

Rio Alto Mining Limited > Any News Out There for Price Increase?
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Post by epiphany2 on Aug 27, 2014 12:33pm

Any News Out There for Price Increase?

RIO continues to defy gravity and keeps rising. Is there any news out there or speculation to why? 

Epiphany2
Comment by DaveAu on Aug 28, 2014 9:10am
There will be lots of news later in the year but what may be driving it now is that on Sep 12 they will announce a rejig of the GDX and RIO will almost certainly be added according to Scotia and others. This will result in roughly 15 million shares of buying (some of which has likely already been done in anticipation).
Rio Alto Mining Limited