RESERVOIR MINERALS INC V.RMC

adoption of shareholder rights/new board member

[goldminer57]

This looks interesting, new shareholder rights adoption plan and a Rio Tinto guy? Looks like takeout to me.

[cd673]

Looks like some much needed expertise to negotiate an operating agreement with Freeport - great move adding Stephen. And a much needed rights plan all things considered. But what will move the stock next? And when...

[rob926]

What will move the stock price.  1) Freeport announcement of a 20 million  plus drilling budget 2) closing of the 33 million stock sale and announcement of who our new strategic partners are.  3) success with any of our other holes outside the current discovery. I believe we are waiting for results on at least 10 holes 4) A new discovery this summer drilling our own 100% property

[dynarod]

Shareholder rights! Hold on didn't we just have a company that split the company and gavethem 15% of the best asset.  Let's be honest hear they were privy to this information. Mgmt then loaded up on the new co RMC for their family and friends. Im still fuming about that. Yes we have a great asset but no w shouldn't trust this mgmt team  original shareholders would be 700

[goldminer57]

Get over it, you are not the only one that lost. If you bought more of this stock in the private placement you would have made up that lost.

[dynarod]

Gold miner what do u mean by IF? there was no need to split the company,the whole splitting of the company was claimed to 'release value to shareholders' go back and read and reflect on that statement. They could of split with 100% ownership to existing shareholders and then done either a rights issue.  The size of the launch pp was done at such a low level, mgmt knew what Freeport

[psj567]

Dynarod- are you kidding? Timok was a blind discovery well after RMC was spun out from REO. The purpose of the spin out was to separate the undeveloped mineral assets from the more developed energy assets. At the time, the energy assets were valued significantly higher. Mineral and energy exploration is a tough business. RMC's Serbian assets are a once in a lifetime discovery. If you thought