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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 13, 2012 4:35pm
98 Views
Post# 20727093

RE: Oh No

RE: Oh No

Don't forget the fiscal cliff deadline of december 31 which is going to be missed and the U.S. is going to go off the cliff sending the stock markets into a tail spin. So we have a year end triple whammy:

1) Libra must unload 12+ million more shares by end of year

2) tax loss selling by holders of RCT where the tax loss if they bought around $2 (price paid by Sprott) may be much much greater than the remaining value in their shares. In fact Sprott should sell and take a huge loss to offset other gains they may have elsewhere. They can always buy back in January.

3)Fiscal Cliff deadline  which looks highly likely to be missed causing great uncertainty over the economy and markets

 

RCT has not released any significant news in years so it is unlikely they will release any by the end of the year. In fact if you are waiting for important news, you should be prepared to wait a year or two. First they got to get their website up and running LOL

Bullboard Posts