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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."

Bullboard (TSXV:RMC)

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Comment by PumplyCrockfordon Apr 25, 2016 7:53am

RE:RE:RE:Nevsun

  Folks,   This may be a silly question but I'll ask anyway.  Will the combined companies fold into one publically listed ticker symbol like Nevsun’s listed on the NYSE or will both ...more  
Comment by thorgb1on Apr 25, 2016 7:25am

RE:RE:Nevsun

I was curious about a break fee.....still wondering if one exists? I'm not certain we can assume that the financing component of the deal means no break fee, but you are right that the door is ...more  
Comment by cd673on Apr 25, 2016 7:19am

RE:RE:Nevsun

Good perspective guys thanks. I have to admit while I always thought there were a lot of potential deal shapes here I did not see this one coming at all. I think we come out with a little more of the ...more  
Post by thorgb1on Apr 25, 2016 7:16am

Reuters.....

Nevsun Resources to buy Reservoir Minerals for $365 million Mon Apr 25, 2016 12:43am EDT   Email This Article |  Share This Article  | Print This ...more  
Post by thorgb1on Apr 25, 2016 7:06am

From Mining Weekly....

Nevsun, Reservoir merge to create new midtier base metals company 25TH APRIL 2016 BY: SAMANTHA HERBST CREAMER MEDIA DEPUTY EDITOR EMAIL THIS ARTICLE JOHANNESBURG (miningweekly.com) – Dual-listed base ...more  
Comment by psj567on Apr 25, 2016 5:53am

RE:Nevsun

Great post Buck-- I couldn't agree more.
Post by Buckshot26on Apr 25, 2016 1:03am

Nevsun

This is an incredible deal for Nevsun. They get an unreal deposit for a song. They shed their country and single mine risk. They put money to work that they were just sitting on. They get instant ...more  
Comment by rob926on Apr 24, 2016 11:15pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Have to wonder....

I will hold some as well. Lundin has to be bummed tonight since we got more value for our 25% than Freeport did from their 75%. 
Comment by thorgb1on Apr 24, 2016 11:09pm

RE:RE:RE:RE:RE:RE:RE:RE:Have to wonder....

Interesting deal. All RMC assets transfer to NSU, and we get 2 NSU shares for every RMC share, based on a nominal value of $9.40 per share as at Fridays close. We can get significant upside though if ...more  
Comment by cd673on Apr 24, 2016 10:47pm

RE:RE:RE:RE:RE:RE:RE:Have to wonder....

The other key point that both companies will need to sell together to the market is that they have a massive amount of potential to improve their Market capitalisation perhaps to 2 billion or more ...more  
Comment by cd673on Apr 24, 2016 10:45pm

RE:RE:RE:RE:RE:RE:Have to wonder....

Agreed it would have been nicer to see a kicker on the lower zone. But overall you're probably right about where we end up tomorrow. At least hopefully that's the case. It may take the market ...more  
Comment by rob926on Apr 24, 2016 10:38pm

RE:RE:RE:RE:RE:Have to wonder....

Thanks CD I'm sure it was the best deal they could strike in this market. Their market cap is less than a billion so the upside of our project will be a lot more meaningful than if the same deal ...more  
Comment by cd673on Apr 24, 2016 10:26pm

RE:RE:RE:RE:Have to wonder....

Rob it is a little bit hard to tell what will happen from this news and what the impact will be to our share price. Overall I think it is a positive development as it lets us stay in the game much ...more  
Post by thorgb1on Apr 24, 2016 10:19pm

News is out.....

9.40 a share effectively, on the basis of 2 NSU shares for each RMC share. Might be more if the market likes the deal and NSU shares get a lift over $5.
Post by rob926on Apr 24, 2016 10:12pm

Link to deal

Here is a link to a deal page announcement. https://ceo.ca/@newswire/nevsun-resources-and-reservoir-minerals-combine-and-consolidate-timok-copper-project-ownership
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