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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

Comment by Meester954on Jan 29, 2014 5:56am
164 Views
Post# 22145840

RE:RE:today's trading

RE:RE:today's tradingLet's remember that the "deal" that we are all talking about is not a binary proposition (i.e., buy all of RMC shares or no deal).  Let Freeport buy the project for cash (and maybe some of the extra property they drilled outside the JV).  RMC gets the cash (or FCX shares) and immediately declares a special dividend to shareholders of the consideration received.  RMC continues to develop its projects and we all continue as shareholders to share the upside of all the other projects.  Frankly, I like this scenario better than a buyout of the entire company.  This is one of the smartest boards I follow so please everyone share their thoughts.
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