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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 rob926on Apr 18, 2016 10:48am
123 Views
Post# 24778832

RE:RE:RE:RE:RE:Question? And be nice on your answers!

RE:RE:RE:RE:RE:Question? And be nice on your answers!Reservoir had several months to start working this deal even before Lundin's deal with Freeport was complete and the ROFR started. If they were going to raise the funds to do the deal I would have thought that would have been announced by now. Either the money was available or not. Doing a deal is what takes time. I would think if this turns out really good for us Lundin would be unhappy but the news from Lundin is their discussions with Reservoir have been constructive. Stock volume has been ok but not the kind of volume you would expect if an imminent big deal were in the works. I agree Freeport made a good deal by keeping the majority of the porphyry and a back into any other high-grade discoveries. All the top mining companies would have had the same chance but Lundin paid the most. As cheap as the high grade went for that is what it was worth in this lousy market. It seems all deposits are being priced like the world does not need them. I think the big bucks that invest in resources are worried that China is going to implode and if that is the case then we do have plenty of copper without any new mines hence the low price of copper these days. 15 days and we will know for sure what’s up! Keeping my fingers crossed because this is the only investment I have of about 20 Byron King investments that have all gone belly up or close to it. Hoping for a big payday! GLTA!
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