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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 Oct 08, 2014 2:14pm
155 Views
Post# 23010984

RE:RE:Speculation Survey

RE:RE:Speculation SurveyFreeport has every incentive in the world to keep RMC's share price depressed and do absolutely nothing, such as drilling, that would enhance RMC's value. Freeport also has every incentive vis-a-vis its negotiations with the Serbian government to communicate that Cukari Peki is not a world class asset (which of course it is) in order to get a better deal with the Serbs. Freeport  (or someone else) will make a bid for RMC before Freeport's drill bit starts turning again. RMC is going forward with its drilling because that is its plan and one which it had committed to months ago. It would be nice if it made a discovery but the $8-10 price range that the analysts have put on RMC factor in no new discovery and no porphyry at Cukaru Peki. The current share price  invites takeover bids in the $6-7 range. Fortuantely the last PP was in the $5.50 range and the institutions who participated are not going to settle for a $6-7 takeout offer.
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