Rio Alto Mining Limited - RIO.v

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#1 Mon, Nov 28, 2011 - 1:54pm
Stoxxman
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Rio Alto Mining Limited - RIO.v

https://pennystockjournal.blogspot.com/2011/11/rio-alto-mining-limited-riov.html

Rio Alto Mining Limited - RIO.v is advancing the flagship La Arena gold/copper project, located in north central Peru.

Word from multiple sources says RIO.v might be in play as a TO target. Now would be the time for this kind of talk as Co is ramping up gold production like nobody's business.

Edited by: Stoxxman on Nov 8, 2014 - 5:20am
Wed, Nov 30, 2011 - 11:28pm
infinite_easing
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I checked the Lima exchange

I checked the Lima exchange yesterday and RIO was trading a couple million shares. This blog: https://incakolanews.blogspot.com/ has a post suggesting that Goldfields is looking at acquiring RIO. Apparently they looked in September, but there were no further developments reported at that time. 

Can't say for sure, but at more than 3 million shares traded today, it is certainly behaving like a company in play.

Mon, Jan 9, 2012 - 11:00pm
infinite_easing
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had another good day, and

had another good day, and is poised to climb further this week. Scotia just issued a C$5.25 target, and another broker whom I don't remember had a target just a bit lower....Lima has been sleepy of late....

Wed, Jan 18, 2012 - 5:40am (Reply to #3)
infinite_easing
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Capstone is the other broker,

Capstone is the other broker, and they put a target of $5.00 on RIO. 

Since the turn of the year, she has languished in the 3.72 - 3.84 range. I will need to see a break above 3.85 before getting too excited about these latest targets. 

Thu, Jan 19, 2012 - 8:02pm (Reply to #4)
infinite_easing
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It's Stonecap....

sorry - I had that wrong - the firm is Stonecap and the target price is C$5.10. Apologies. 

Fri, Jan 27, 2012 - 9:48pm
infinite_easing
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strong base building going on

strong base building going on at the 3.80 level....hit another new high of C$3.92 this week....once the consolidation phase is over, I see this moving into the mid-4s before the spring. 

Mon, Feb 6, 2012 - 11:07pm
infinite_easing
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stonecap target raised

On February 3 Stonecap raised their target price from C$5.10 to C$5.80. 

Wed, Mar 28, 2012 - 8:20pm
infinite_easing
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well, it had moved into

well, it had moved into the mid-4's but seems to have stalled out over the last 5 weeks or so. Anyone got a view on what is happening with this firm? I do not see much take-over talk in recent weeks. Any idea what may be holding it back?

Fri, May 18, 2012 - 2:50pm (Reply to #8)
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New Profile - Numbers all good for RIO

https://pennystockjournal.blogspot.ca/2012/05/rio-alto-mining-limited-riot.html

Rio Alto Mining Limited - RIO.t is advancing the flagship La Arena gold/copper mine, located in north central Peru.

The company produced 58,918 ounces of gold at $428 per ounce in Q1.

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