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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
Post by trendisafriendon Aug 24, 2011 12:34pm
334 Views
Post# 18975122

Doesnt look like marketmakers will squeeze much mo

Doesnt look like marketmakers will squeeze much moSeptember comes soon, and we should have some kind of news update around that time.
WIth gold and silver prices doing very well, should see a very good improvement in the revenues here,
and I think should be cash flow positive. Have not heard any indication of a financing at these levels so
that is a good thing, but can always change I guess. We havent followed the general pattern up in terms
of the gold and silver producers, perhaps we get our time soon enough. I dont think most with very large
positions would take 5 cents to be gone. Technicals are still ok, though trading 4.5 cents would get us
a lot more bullish.. Time will tell..
Bullboard Posts