Rio Novo Gold Inc. RIVVF

Interesting stock play unfolding

[thisldu3]

So much stock was accumulate this past winter between 11 and 16 there is nothing else for anyone to buy. The share price might trade around here for awhile but you could put a dollar in front of todays close and there still would not be any stock around to buy unles insiders decided to feed the market.

[elgin1]

Yes float is totally dry.  I have owned tis since 2012 assets are great. They really stripped the management and cut costs to the bone. The current management is not experienced to bring this project from construction to production. My guess is carvhalo will come back to build a team once they get financing.... or more likely they will be bought out or do some merger with a major that has

[NicolasMaduro14]

You got that right Elgin and it seems all the shares picked up over the last year and more recently sub .16 seem to have been tucked away. I remember your name here from a few years back nice to see you still here. Rio Novo is one of the few with good production ready PERMITTED assets that hasnt really moved. The previous DFS was profitable at $1200 gold... economics will only improve with the new

[mullatschak]

thanks for your thoughts. Brexit and Italian Banks help to lift the Gold price. So there is plenty of upside from this side... We bought first small no. of Shares for more than 2 CAD. Bigger no's have been much cheaper. Seems to get a good deal.