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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 Sep 09, 2013 9:42pm
302 Views
Post# 21728458

Take Away from Press Release: Freeport is preparing to take out RMC

Take Away from Press Release: Freeport is preparing to take out RMCCutting back drilling to one rig is significant. It likely means a buyout sooner rather than later. Freeport knows that every hole it drills adds value to RMC and increases the price it is going to have to pay to buy out RMC's interest. Freeport must believe it has enough information to model the deposit now. As long as Freeport possesses the non-released assay results, it is considered an insider under SEC Regs. and makes a hostile takeover virtually impossible. The more likely scenario is that a friendly takeover ultimately is worked out with RMC. What the ultimate price will be is anyone's guess at this point. 
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