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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 Jan 28, 2015 1:57pm
166 Views
Post# 23373233

RE:RE:RE:FCX Results/Discussion

RE:RE:RE:FCX Results/DiscussionFreeport's ill-advised timing and foray into the the oil and gas business as well as its current fiscal problems and over-leveraged balance sheet inure to the benefit of RMC. Freeport will either start drilling and developing Timok more aggressively with an eye to replacing or supplementing Grasberg's copper production after 2021 or, as part of its debt reduction plans, will sell its 55% interest outright to RMC who has the right of first refusal. Just be patient. Freeport's free-falling share price, coupled with the unavoidable eventuality of having to cut its dividend will force Freeport into a number of drastic decisions over the next 6-12 months time despite public statements by its management that they can outwait their continuing disasterous,company-wide results. When Freeport's share price starts hovering around $12 the vultures will start circling and Freeport's management will conduct its fire sale, if not before then..
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