InvestorsHub Logo
Followers 1009
Posts 50359
Boards Moderated 1
Alias Born 06/16/2006

Re: None

Thursday, 09/15/2011 6:28:10 PM

Thursday, September 15, 2011 6:28:10 PM

Post# of 1279
Email Tonight From The Wave
UGDM Universal Gold Mining Corp. (UGDM)
http://investorshub.advfn.com/boards/board.aspx?board_id=22191

Hello all
Here is What we are waiting on in the filings.

They are making huge friends in the gold in South America and this company has the contacts to get it out of the mines.

UGDM is getting 1.25 million shares of Rio Novo.

Today's value on those shares is over 2 million dollars and based on the TSX on RN high for the year that is 3.5 million dollars.

Here is the link to there business partner and they have elected to have these mines built out by Rio Novo and take the profit by way of shares.

Here is Rio Novo website link below.

http://www.rnovogold.com/

Here is the filing on the 424b that lists the shares and the deal link.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7977838

Here is the quote of the shares owed and owned now by the shareholders.

Quote:The transaction contemplated by the Asset Purchase Agreement closed on May 31, 2011. In connection with the sale of the rights, title and interest in the Option Agreement, Rio Novo paid to UGHCL a total amount of $902,082, of which $300,000 was paid in cash and $602,082 was settled in cash by way of refunding to UGHCL the Escrow Amount. Rio Novo also issued to UGHCL 500,000 of its ordinary shares. Rio Novo has also agreed to deliver to UGHCL an additional 766,667 Rio Novo ordinary shares upon (i) the Caldas State Government Mining Delegation (Colombia) granting a concession, exploitation or exploration right or any renewal or extension of any such existing right to Nestor Gutierrez, CVME, CVMEC, Rio Novo or any of their affiliates in connection with the Toldafria gold project having a term of not less than 20 years and (ii) confirmation by CorpoCaldas (the Caldas State Environment Authority) that the project mineral rights are excluded from the alleged existing Reserva de Foresta Regional covering certain parts of the Toldafria gold project area so as to allow exploration and mining activities within the area covered by the Toldafria gold project.



Now looks to me like this will grow as Rio has the experience in this region here.

below is the news releases confirming this deal by way of Rio Novo

Rio Novo Gold Announces 30 Year Concession Contract Award at Toldafria Gold Project
September 6, 2011

Rio Novo Gold Intersects 2.51g/t Au Over 16.9m at Morro do Carneiro and 1.53g/t Au Over 14.0m at Vira-Saia Targets, Almas Gold Project
September 6, 2011

Rio Novo Gold Intersects 2.10g/t Au Over 15.0m at Vira-

LOOKS TO ME LIKE THERE IS GOLD IN THEM THERE SHARES.


Rio Novo Gold (RN-TSX) is an emerging gold company focused on the acquisition, exploration and development of gold mineral resource properties in proven mineral jurisdictions in South America. Our goal is to become a socially and environmentally responsible gold producer with the development of our two district scale, underexplored properties in Brazil: the past-producing Almas Gold Project, previously mined by Vale, and the Guarantã Gold Project. The development of both projects will take full advantage of local infrastructure, including low-cost power, water, paved roads and a skilled labour pool. Rio Novo's management team, board of directors and technical advisors enjoy an outstanding track record in mine financing, exploration, development and production with comprehensive experience and operational success in Brazil.
BTV

http://www.rnovogold.com/pres.html

Corporate Presentation
September 2011

Toldafria NI 43-101 Technical Report
May 31, 2011

Almas Gold

example1 18 kilometre Archaean greenstone belt with multiple targets within trucking distance of Paiol based operations.

Tonnes Au Grade (g/t) Contained Au (oz)
Open Pit -Indicated 3,566,000 1.69 193,900
Underground - Indicated 1,461,000 2.39 112,000
Total Indicated Resource 5,027,000 1.89 305,900
Open Pit - Inferred 70,000 2.02 4,600
Underground - Inferred 2,375,000 3.05 233,000
Total Resource 5,027,000 2.26 543,500

> Notes | > Click here to download the NI 43-101 | > Almas Site Visit Presentation Nov. 9, 2010
Guarantã Gold

example1 Area of 135,000 hectares contains numerous anomalies; drilling results indicate potential for a large gold porphyry.

Tonnes Au Grade (g/t) Ag Grade (g/t) Contained Au (oz) Contained Ag (oz)
Measured Resource 743,600 1.48 4.4 35,300 104,700
Indicated Resource 7,234,400 1.34 4.6 312,000 1,075,800
Total M&I Resource 7,978,000 1.35 1.6 347,400 1,180,500
Inferred Resource 471,100 1.43 4.5 21,700 67,600
Total Resource 8,449,100 1.35 4.6 369,100 1,248,100

Right now there are only seventeen people watching this board and that is from 0 a few weeks ago.
This is a very thin float and the company has no need to sell shares here.
Reason is they have four times more assets then liabilities as the deal with Rio cleaned them up to make profit off RIO doing the mining now.

here are the numbers below from the filings.

Total Current Assets
1,257,271 971,689

Total Liabilities
131,064 649,431

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$ 1,257,271

93,012,500 shares issued and outstanding as of June 30, 2011 and December 31, 2010

now just a little math here that we announced this at .01 and in that time everyone reading could have gotten in there.
I have given enough time to let all get in below the .02 as this already proved it will move fast.

Here is the chart below and I have fifty k now from my original 20k buy the first day and added this week at the ask.

It is just a matter of time before this moves to the dime range now.

only four on the ask between here and the .11 price and this has never been butchered by the ihub games.

next chart resistance is at .067 today for the 200 day.

That is why i kept it quiet after I set up the board on IHUB.

I knew with this float and the latest deal in the filings they have so many avenues ahead now.

They have turned there little asset in the mines into long term equity with the deal with RIO now.
It is hard to get the gold out in these countries and that is why they are turning to an expert with the ability to do that.
RIO does there own research and mine reports and they did not buy this for almost a million in cash and 1.25 million shares for playing around.

I bought twenty k the first day and sent the email on it at .01 for all to read it and research.
Those seventeen that paid attention now are here and this is ready and very thin.
Heck even the very careful are here buying now.

I might also note I did say in the email i sent from the wave I would have more later.
Flippers had there play now and the longs seeing the real research now have control.

I have bought three levels at .01 for 20k .015 for 20k and 10k at .02 in that time.

No worries as the deal is worth five million easy the next year before the first gold bar is melted.

Management

David M. Beatty, CEO and Director
Julio Carvalho, President and Director
Malcolm Lake, P. ENG, SVP, Operations and COO
Carmelo Marrelli, CFO
Rosemberg Araujo, VP Finance
Alexandre Penha, General Manager, Corporate Development
Julio Liz, P. Geo, General Manager, Exploration
Ernesto Wiering, P. Eng., General Manager, Engineering
Sol Tomich, General Manager, Sustainable Development
Dione Queiroz, General Manager, Human Resources
Vitor Belo, General Manager, Operations
Directors1

Sean Roosen, Eng. T., Non-Executive Chairman
David Reading, M.Sc, Economic Geology
Jonathan Rubenstein, LLB
William Dorson
Eduardo de Toledo
1. Includes David Beatty and Julio Carvalho

SIGN UP FOR $THE WAVE (WAVERIDER$) EMAIL
http://investorshub.advfn.com/boards/board.aspx?board_id=16203