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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

Comment by Meester954on Sep 08, 2015 12:33pm
121 Views
Post# 24085799

RE:RE:RE:RE:RE:RE:Freeport Has 9 Drill Rigs On-Site Working

RE:RE:RE:RE:RE:RE:Freeport Has 9 Drill Rigs On-Site WorkingWhat is unusual is that FCX let RMC have a ROFR.  Kudos to RMC for getting it because it is definitely valuable.  It is a cardinal rule of M&A and JV work to never give someone an ROFR.  It really elevates RMC's position and leverage in any deal that happens with Timok.  While I wish I knew how the story ended, I bet it will be a happy ending.
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