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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

Post by Meester954on Mar 19, 2014 8:38am
182 Views
Post# 22339703

Byron King

Byron KingI generally agree with the criticisms of BK and am hopeful that, as suggested, this is a capitulation moment.  I think BK's biggest shortcomings were (a) his lack of routine, continuing updates on selections and (b) poor risk management of positions when things went south.  Thankfully, my unrealized gains on RMC represent many, many multiples of my recognized losses on other BK positions.  I know BK likes to beat the drums loudly today on RMC, but if I recall, when the private placement was taking place, his only comment was you should "consider" participating if you are an accredited investor.  When the stock was trading below its private placement cost, I do not remember him jumping up and down and telling readers to load up.  Is my recollection on this correct?  GLTA
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