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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 thorgb1on May 30, 2016 12:27pm
152 Views
Post# 24916171

RE:I Vote No and here is why

RE:I Vote No and here is whyThanks for the feedback Bendy. Personally, I don't think any of us retail guys can influence how this will play out, but I don't think there is a downside for us. Obviously, the BOD thinks the NSU bid is the way to go, so if someone wants to come over the top with a bid, it would be sort of hostile, and I'd have to think it happens soon now that the docs are out and a date is set. If we end up with NSU, they pay a healthy dividend and I have to think we could easily see 6-10 bucks a share by the end of the year as they progress the project and further define the porphyry, which FCX obviously thinks is massive as indicated by their desire to retain their piece of it. If there is another bid or we decide to go it alone, I think we should definately be trading above $10, and then in the latter scenario we could easily see 14-16 bucks by the end of the year as they progress the project. I sold a tiny bit at $9, but am holding the rest to see what happens because I just can`t see any downside to seeign this play out.

GLTA.
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