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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 psj567on Apr 02, 2014 1:01pm
171 Views
Post# 22400911

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Freeport to spend $25 million on Timok Exploration for 2014

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Freeport to spend $25 million on Timok Exploration for 2014It is not required to be filed so you will not find it on Sedar. There is discussion of it in the REO MD&A for the relevant time period. While the JOA certainly has a different focus, it flows from the rights and obligations of the parties as defined by the Earn-in Agreement. I suspect that Freeport is precisely trying to rewrite the parties' legal relationship as defined by the Earn-in Agreement via a JOA that has more favorable terms to it. RMC management apparently will not and should not let this occur. You are correct that the Earn-in Agreement is not up for renegotiation which is exactly what I suspect Freeport is trying to do. Far from being behind us, even once a JOA is reached, the Earn-in Agreement will still control and define the parties' legal relationship. 
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