Blue Gold spent much of its life as a well funded cash shell with an extremely strong board.
I had assumed that they would be able to acquire a number of struggling projects and provide financing, Nolan Watson of Sandstorm Royalties was also on the board.
Blue Gold's activity in British Columbia, Canada, with Puget has disappointed and it now seems that the Riverstone name will survive but the board will be joined by some of the team from Blue Gold which includes Mark O'Dea who built the very successful Fronteer Gold, ( sold to Newmont for >$2bn).
Board experience of both exploration and mine start up.
Riverstone have been discussed by HRA, Eric Coffin, and could progress to 100k oz pa production from Karma for limited capital and provide exploration "sizzle" at Liguidi in up and coming Burkina Faso. PEA in place, PFS in 2013.
(See Regional Exploration Page / West Africa on this blog for more on the region's exploration and gold mining activity)
Interesting presentation on the Riverstone Website
http://www.riverstoneresources.com/i/pdf/RVS_BGX_Investor_Presentation_121018.pdf
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