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Rochester Resources Ltd V.RCT

Alternate Symbol(s):  RCTFF

Rochester Resources Ltd. is a Canada-based company engaged in the exploration and development of its mineral property interests in Mexico. The Company holds a 100% interest in the Mina Real and San Francisco Properties, which are located in the state of Nayarit, Mexico, east of the state capital city of Tepic. In addition, the Company has an agreement to acquire a 70% interest in the Santa Fe Property. The Mina Real Property consists of 11 mining concessions and one mineral claim encompassing a total area of over 21,367.42 hectares (ha). The contiguous Santa Fe Property consists of one mining concession totaling approximately 3,852.66 ha. The San Francisco Property consists of 12 mining concessions encompassing over 18,125.05 ha. Its subsidiaries include ALB Holdings Ltd., Mina Real Mexico S.A. de C.V. and Compania Minera Santa Fe S.A. de C.V.


TSXV:RCT - Post by User

Bullboard Posts
Post by trendisafriendon Aug 22, 2011 12:28pm
271 Views
Post# 18966961

I dont really believe in the takeover hype most th

I dont really believe in the takeover hype most thBut in this particular companies case, it maybe possible.
With institutions owning so  much of the company, (approximately 75 %).
And management not really owning a huge amount of shares, it would be
possible in my opinion for someone to take 10 to 15 percent of the shares,
and potentially take over the company. I do like what the company is doing
but there comes a time when share price is an issue. Market cap is a small
5 million dollars, and yes there are some liabilities, but with gold and silver
at very, very high prices, coupled with the fact that we are indeed a producer,
something on the price side will give eventually. There should be a September
update that will hopefully show a dramatic improvement in margins. As well,
the silver recoveries will hopefully improve again, will have to see why they
are at 50 percent as they were higher in the past. I have tried to speak with
management again, but they are tough to get a hold of. Anyone making contact,
please fill us in. Thanks... Techs still look good...
Bullboard Posts