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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 Sep 08, 2015 9:10am
105 Views
Post# 24084785

RE:RE:RE:Freeport Has 9 Drill Rigs On-Site Working

RE:RE:RE:Freeport Has 9 Drill Rigs On-Site WorkingI think the key point is they have consistently said they will not be selling assets but now everything has changed. If it is the case that this asset is one they will put on the table for sale then the great news for us is as you say they will have to speed up the testing results. If they were not planning to sell it I do not know why they would put 9 drill rigs on site. If they wanted to keep it they would put it on the back burner and when the market improves resume more aggressive exploration. In that case in the meantime they would do the bare minimum to keep the Serbian government happy and minimize their expenditure of cash. That's how logically I think it would play out. So this is probably a sign they are putting the asset on the market. Time will tell.
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