Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

RESERVOIR MINERALS INC V.RMC

"Reservoir Minerals Inc is engaged in the acquisition, exploration and development of mineral properties in Serbia, Cameroon, Gabon, Macedonia and Romania."


TSXV:RMC - Post by User

Comment by Meester954on Jan 23, 2014 2:08pm
150 Views
Post# 22126329

RE:RE:RE:RE:RE:RE:RE:RE:Freeport conference call

RE:RE:RE:RE:RE:RE:RE:RE:Freeport conference callAnyone who was really expecting Freeport to announce something about Serbia was kidding themselves.  Given where the project stands (working through drill results, no BFS, etc.) a deternimation of whether this is material to Freeport or not is completely within management's judgment.  At this point, it is not in Freeport's interest to talk about Serbia as all that will do is boost RMC's share price.  So what happens when they sit down with the auditor's at the end of the quarter and discuss a variety of matters that could be material (Serbia included)?  Of course they tell them that there are still a number of contingencies and additional analysis that needs to be performed in order for them to determine the economics of the Serbia project and, therefore, whether or not it is material to Freeport.  Consequently, no disclosure.  If you do not think this is the case, you never worked in executive management for a large US public company and had to deal with the auditors every quarter.  The Serbia project will be material in the quarterly/anual filing imediately following Freeport's announcement of a deal to acquire it.  Naturally, they will also make reference to the project's materiality in the 8-K filing announcing the transaction.  Be patient my friends.
<< Previous
Bullboard Posts
Next >>