the mystery deepens...

thanks for the additional information and photo non-fixie.

the metal of the frameset is quite consistent with being a midliner: falck quality plain gauge tubing, gipiemme forged dropouts without adjusters, spot welded instead of brazed brake cable guides.

i know that france and spain converted from metric to iso threading ~1984. wonder if any italian manufacturers have done so as well. in addition to the threading the one non-italian looking thing about the frame is the seat stay tops.

WNG tells us that the exage components date from 1988-90. find it a bit hard to believe that frame is quite that recent. maybe the exage are not original to the bicycle. the thun chainset looks a bit low end to mount to a frame built with falck. perhaps a previous owner got it as a frame or partial bike and proceeded to build it up as we find it.

i wonder if there are any rizzato catalogues posted online which might be of aid in identification.

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side question - btw does anyone know if rizzato has continued to keep the lygie badge going?