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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 8:44am
149 Views
Post# 22146301

RE:RE:RE:RE:today's trading

RE:RE:RE:RE:today's tradingI absolutely agree that additional drill results are imperative.  Without them, any transaction will likely undervalue the "option" given Freeport on the additional property and subsequent drill results.  Similarly, if Freeport buys RMC in its entirety, implicit in the deal is an "option" on everything else RMC has, the value of which is nowhere close to being known.  My point is I would rather them sell the Timok project and some surrounding land and negotiate the value of the deal based on what is known to both parties about Timok and let the shareholders keep the options that RMC has on all of its other projects.  While I am not familiar with Canadian tax laws, I know that in the US a deal for th Timok project could be structured tax free to RMC if it distributed substantially all of the consideration received to shareholders.  Of course shareholders would pay taxes on the dividend, but at that point we are all probably pretty happy anyway.
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