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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."


TSXV:RMC - Post by User

Post by psj567on Dec 18, 2012 3:40pm
374 Views
Post# 20747067

The Market is Offering us all a very mis-priced st

The Market is Offering us all a very mis-priced st

Whether it is tax loss selling, profit taking, margin calls, weak hands or just plain stupidity, RMC at $2 when you subtract out the approximate $.45 cash per share, the market is valuing RMC's interest in the Timok Project at about $60 million. The stock will double its current price within the first 6 months of 2013. Freeport just added a fifth drill, is continuing with step-out holes as well as starting infill holes and is spending over $1 million a month on the Timok exploration. On top of it all, RMC does not and is not spending a penny of its own money. Today was a great day to buy!  As I posted previously this week, 96-97% of the float has not traded since the last press release. By the way, RMC is now at about the same price it was trading at before the 10% CU hole news release. In essence, Mr. Market is giving the company no credit for the several hundred meters of 10 %, 4% and multiple 1% plus holes that have derisked the project significantly. Opportunities such as this rarely present themselves.

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