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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 baystock1on Dec 12, 2012 11:52pm
87 Views
Post# 20723262

RE: Bay note the recent intermittent transactions

RE: Bay note the recent intermittent transactions

Libra until recently use to have 15.1 million shares. It looks like they have sold only a couple of million, so they still have over 10 million shares to sell by year end. There was a single seller who sold 380,000 shares today alone thru broker 001. If the seller wasn't Libra, who do you think it was ? Once Libra's share holdings drop below a certain threshold (not sure what this number is ?)  they will no longer be considered an insider and will be free from reporting their sales.

I wouldn't hold my breath waiting for updates from the company. They never issue press releases. And they have been stuck at 200 tons per day aiming to get to 300 tons per day for 4 or 5 years now ...

Still trying to accumulate as cheaply as possible :)

Bullboard Posts