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Rochester Resources Ltd V.RCT

Alternate Symbol(s):  RCTFF

Rochester Resources Ltd. is a Canada-based company engaged in the exploration and development of its mineral property interests in Mexico. The Company holds a 100% interest in the Mina Real and San Francisco Properties, which are located in the state of Nayarit, Mexico, east of the state capital city of Tepic. In addition, the Company has an agreement to acquire a 70% interest in the Santa Fe Property. The Mina Real Property consists of 11 mining concessions and one mineral claim encompassing a total area of over 21,367.42 hectares (ha). The contiguous Santa Fe Property consists of one mining concession totaling approximately 3,852.66 ha. The San Francisco Property consists of 12 mining concessions encompassing over 18,125.05 ha. Its subsidiaries include ALB Holdings Ltd., Mina Real Mexico S.A. de C.V. and Compania Minera Santa Fe S.A. de C.V.


TSXV:RCT - Post by User

Bullboard Posts
Comment by trendisafriendon Oct 01, 2009 12:58pm
221 Views
Post# 16354313

Gwhiz, you a newbie. You didnt read sedar.

Gwhiz, you a newbie. You didnt read sedar.Look at the debt on the books, that to me, may be a problem, depending how much has to be taken care of in the short .Too much dilution at this price and a warrant, long term holders such as me, not much of a chance of making much profit. Give you some advice, there are some really smart and sophisticated people on the board and off that I have talked to. Personally, if you are so right, why are there so many sellers today. The market won't even rise above 20 cents.  Im done, no more deals to be bought from the group, that likely goes with the associates and such in the future. Financing should have been done in the mid 20s as there was ample time for that to be completed. I expect a 15 cent financing and 20 cent warrants.  Just a thought on my part, made nothing but money on most of my other deals. If I would have had the news of Mays production levels I would have likely sold out, as there was not much change in my opinion. Good luck with your long position, I was waiting for a bump to sell. In every market there is a buyer and seller, for their own particular reason and neither can be faulted as it is their opinion.
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