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Bullboard - Stock Discussion Forum 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 Discussion

RESERVOIR MINERALS INC > u gotta dump this
View:
Post by cueball40 on Apr 11, 2013 2:42pm

u gotta dump this

i keep  tellin ya  guys sell  this pos  cause  if it was any good  that  news  other  day would  of propelled  it  much higher...  this  just in for u  ROOKIES   dump it  u  have  been  warned
Comment by creaturecomphort on Apr 11, 2013 4:34pm
You're 3 days late and a dollar short.  There was some selling by folks like myself who sold a small percentage of our holdings from the private placement and conversion of warrants to cover our initial costs.  We used the good news that raised the price to sell at a higher price.  Looking at the volume, it appears as if that selling is over.  RMC is in the process of ...more  
Comment by husk16 on Apr 11, 2013 5:51pm
CC I think you are bang on with your assessment.  Looking back at trading the last few months, volume has normally been around 100k per day.  I think that those that converted warrants took advantage of the buying pressure to cover the costs of those warrants.  Too bad RMC hadn't been on my radar earlier, but I will try to accumulate more shares if it stays in this price range a ...more  
Comment by cd673 on Apr 12, 2013 11:20am
I sold shares also.  Based on prior trading after news I'd expect some down pressure the next 60 days, especially considering the sector and global markets.  I will accumulate shares between $2 and $2.25 if I can. I wish I did that last time after the first big hole. No science to that, just a gut feel.  I like that Freeport is funding still, but this is a long play and  ...more  
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