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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 cd673on Sep 30, 2014 1:11pm
138 Views
Post# 22983080

KISS

KISSTo me this is a keep it simple stupid (KISS) case in point. Demand is less than supply. Both for RMC shares, and for copper right now. We touched the US 52 week today, and I believe are now back to a price that is lower than before we had the resource estimate. We have drill results soon on the 100%. Anything other than a miss will be ok. A hit is possible. I also believe Freeport will have to get moving or they will lose Serbian support and/or their right to 75%. They don't concern me granted and they have spent a lot so can't blame there for trying to get ducks in order one way or the other before ramping again. They have lots of cash. And they have other properties cooking so the hypothesis is this company could become a broader player in the exploration space or even a producer spin off. Investors will come with the low price, the tour and analyst reports. Smart money will flow in from institutions that missed the placement. Copper will rise again. Time is our friend. I bought more this morning. It's a screaming buy. Unless you placed a short order Knotsure, or have one in place already, your opinion is relatively useless. Sure I wish I sold at $7 but I didn't and smart investors don't try to time the market. They buy value. When others are scared Buffet buys. Now could be that time for RMC.
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