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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 Mar 05, 2014 6:51am
159 Views
Post# 22281378

RE:RE:Stock market darling Reservoir Minerals tries new tack

RE:RE:Stock market darling Reservoir Minerals tries new tackI guess the other interesting question would be why raise 33 million when you already have about 15 million and you only need 5 million to determine if the adjacent property has some serious potential. I would assume though I could be wrong that have some other plans for the capital besides just waiting for freeport to take its time figuring out the initial property. Either they can propose to fund part of the BFS to push Freeport along, or they want to do a lot more drilling if they hit something new. Or potentially other exploration in the areas or other continents? Make some small acquisitions? Gives the lots of flexibility either way I guess. Thoughts?
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