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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 psj567on Jun 18, 2014 2:45am
254 Views
Post# 22669525

First Quantum/Lumina Deal: Implications for RMC

First Quantum/Lumina Deal: Implications for RMCAny thoughts on the implications of this deal for RMC? Perhaps it may signal the beginning of dealmaking and consolidation in the copper space. The approximate 30% premium paid, given that Lumina's project is in Argentina, sounds about right.  It would seem that RMC's assets are significantly more undervalued and that RMC would command a premium of at least 50% if not significantly more. The window of time for Freeport to make a move is closing with drill rigs due to arrive on site at RMC's 100% owned property soon. 
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