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qckgicxt46
03-19-2018,
Riva Resources Limited (RIR)
Riva Resources Limited (RIR, formerly Dragon Energy Limited) is a mineral exploration company with projects located in Western Australia. RIR's flagship project is the Tabac Cobalt-Gold Project. RIR also has a portfolio of exploration tenements with numerous multi-commodity targets, including Fe, Mn, Au and base metals in Western Australia.

Loanobrien
03-21-2018,
Market Index has RIR listed as 1.8 billion shares on issue can you double check your source?
RIR is a nearology play with VIC and PGM which are all close to the CLQ's Cobalt tenement.
Personally I prefer RIR's tenement to VIC's.

qgtelkeo19
03-21-2018,
FWIW there is always an alternative POV: ASX website & RIR recent presentation shows that close to 3 billion shares are currently on issue with 1 billion escrowed.

RobertDet
03-21-2018,
Maybe in light of the limited amount of historical volume turnover could be a good sign?
Yet 2.8 billion plus is one hell of a lot of shares on issue! only to be added to by 1 billion!
They are about to change names to Hylea Metals Limited, but I doubt this will effect a reduction of share issue.

Also I wouldn't put too much faith in an historical Stan (not Harvey!) Weinstein analysis, I don't know how relevant past company activities are to current activities and price action.

Can't stop thinking about the 3.8 billion shares out there, what would a consolidation look like 3.2:1 to bring it line with their tenement contemporaries?