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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 rob926on Mar 31, 2015 8:38pm
171 Views
Post# 23584491

Question

QuestionAnyone else or am I the only one who is surprised after waiting over a year for a shareholders agreement with no drilling going on, only to see the stock pop a little and start moving back down. We are now 25 cents below the 50 day moving average. Everyone still seems to be taking a wait and see at this point. I thought once Freeport signed we would be off to the races but no such luck still bouncing along at the lower end of our 52 week range. I guess the realization that this is still years away is keeping new money out. Has anyone seen any analyst reports talking about the Freeport  shareholders agreement? Maybe the weakness is because Freeport still has 10 years to do a BFS. They have to do one for Serbia in 4 years but that will probably only be on the high grade. I keep hearing everyone talk about how soon a buyout is comming for a couple of years now but the truth is all we keep doing is waiting and hoping. I still have high hopes but this is turning into a much longer play than I thought.
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