A case of...

A case of deja-vu?

http://www.pierpont.com.au/article.php?Share-issue-of-the-year-1996-that-is-268

http://www.ipsofactoj.com/international/2006/Part06/int2006(06)-014.htm

Doyle's investment success in commodities projects?
Is well summarised by the following chart of ASHI (American Southwest Holdings), his investment vehicle of choice to acquire and develop resource projects - after DCP (Doyle Capital Partners) flopped.

http://www.nasdaq.com/aspx/dynamic_charting.aspx?selected=ASWT&symbol=ASWT&timeframe=1y&charttype=line

delisted from the OTC markets in 2006, renowned for issuing shares, the last set at $0.001, raising capital with fat commissions to be paid to himself... and believe it or not eventually falling with outstanding debts to it's own president [Alan David Doyle].
"A commission for the offering of the Notes of approximately $250,746 was paid to Africa Pacific Capital Pty Ltd, an affiliate of our President (?APC?). As of September 30, 2006, the Company owes APC $171,375." 10QSB SEC filing 4th december 2006.

From Copper in Namibia, to Zircon in WA, to Oil in China.
(sourced from US SEC filings) Success has been a forlorn dream. Why should an iron ore project in Brazil be any different? They have reputations to live up to - unfortunately it's not good.

Dunno people, all the red flags are popping up again with SFZ. I doubt very much the directors care much for the development of the project itself, they'll be long gone after they make their easy buck from this. My quick take on the story is that the reverse takeover of Riviera was initiated to provide a vehicle to eventually dump South American Ferro Metals shares onto the market, they just need to produce at a rate of 800tpa for 1 year and bingo.

Will Doyle be voting at the upcoming EGM?