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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 cd673on Feb 20, 2014 11:01am
224 Views
Post# 22229982

RE:RE:RE:RE:Halted

RE:RE:RE:RE:HaltedSeems you are right.  The non brokered deal is interesting - would that be another major or mid tier making an investment  for circa 8 to 9% of the company?  While I would have preferred they raise this money later at a higher price, we are in a good spot.  And it de-risks further. While this may soften the price a bit short term, it is not  a lot of dilution in my view, gives them time/money to wait out freeport, and management has earned thed right explore the adjacent land. It's a good gamble.   I think RMC could be a 2 or 3x price play on just the current find in time, if 20 to 30+ billion pounds are mineable.  And if they hit something new on an adjacent property, the sky is the limit.  It may be a while till we see further price appreciation, but I'll hold on to see what happens. GLTA.

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