Thread: Riva Resources Limited (RIR)

Results 1 to 4 of 4

  1. #1

    Default Riva Resources Limited (RIR)

    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.
  2. #2

    Default

    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.
  3. #3

    Default

    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.
  4. #4

    Default

    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?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts