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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 rob926on Mar 14, 2014 11:49am
132 Views
Post# 22323704

RE:Freeport Status

RE:Freeport StatusI do not think Reservoir is interested in selling their other leases especially the new one that they are going to drill this summer. This could be such a game changer for Reservoir why would they want to sell it before we know what it is worth. There has been talk if there is a discovery made next door  of spinning it out into a new company to maximize shareholder value. There is still way to much that needs to be done before we can get a fair price for our assets. It would be irresponsible to do a deal now. Freeport is not going to give us a big valuation for properties that have not been drilled, and we should not except a deal until we know what we have. For all we know next door could have a bigger discovery and we would own 100%. IMO this would move the stock  many many fold from here. 
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