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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 bendystockon Oct 15, 2013 2:46pm
240 Views
Post# 21817497

Results

Results
I think there is another reason that hasn't been touched on for why Freeport has not released the results.  Freeport does not have the results yet. 

Freeport cannot simply hold the results and decide when to release them, as soon as they get the results they have to give them to RMC and RMC has to release them to the market.

Freeport may have an idea of the results from looking at the rock samples but they do not have the official information yet, when they do it will be released.

I think this is a case of the analysis taking a frustratingly long time to get done.  My hope is that it is taking a long time because it takes longer the better the samples are.

I think RMC is in a good spot, they have $ in the bank, a good partner and it looks like a good resource.  My hope is that investors do not have to be patient for too long and that Freeport decides to buy out RMC, I prefer this option to RMC having to work to find another partner or to share in the development costs.

Good luck to all.
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