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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 cd673on Aug 26, 2015 9:47pm
104 Views
Post# 24054697

RE:RE:Vultures Are Circling Freeport to RMC's Gain

RE:RE:Vultures Are Circling Freeport to RMC's GainAgree in this market anything can happen, but I think overall we would be better off if FCX and the market was in better shape.  That said, let's look at the landscape today.  There are good reasons a deal of some form could happen: FCX needs cash, smart people buy low; China will stockpile copper at low prices; the fact our price is holding  indicates continued accumulation by someone, we will soon be at a $5 52 week low, exchange rate favors buying Canadian companies, the real value down deep would be free. Now let's look at the other side of the coin: FCX is a mess and indeciscive, FCX have been slow to drill  deep to prove value for them and RMC, markets are highly volatile so some will sideline, drill result are slow, who knows what the Serbs are thinking/doing, there are 100 different interests at work here - it is complex.  It is a craps game what happens next!  Good to see a base forming while we wait. GLTA go RMC.
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