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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

Post by rob926on Sep 26, 2014 11:06am
168 Views
Post# 22973371

Tired of waiting

Tired of waitingAnyone out there tired io waiting and now worried? I am! This complete breakdown in the stock is getting bad. Our large investors are sitting on the sidelines now that the price has dropped well below the 200 day average and the offering price. The volume has been small but it could be because there are not many buyers. We need to move up 47% just to get back to where we were before Freeport stopped drilling. This resource market is giving up all the gains we had in our beat up stocks for the first 6 months of the year. The attitude has gone back to the world does not need any new resources. Brent Cook just got back from a mining conference and said that nearly every company was looking to eliminate early exploration and to down size development projects. Freeport is using this bad mining environment to decimate our stock. This keeps up Freeport will be able to make a run at the company on the cheap, or wait us out and force us to take the poor deal that is on the table. I really hope that there is some good news to announce next week for the analyst tour. Although I’m not betting on good drill results from the first shallow prospect since the first holes were drilled over 2 months ago. If there was a discovery we probably would have known by now. At least I would hope they would not hold back good news while our stock tanks. Hopefully they are finding something on one or more of the deeper targets. We are dangerously close to being at a loss for the year. It is too bad Freeport has to be such a bad and unscrupulous partner. We probably would have a stock over $10 by now.
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