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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 Nov 12, 2015 11:09pm
132 Views
Post# 24287670

RE:RE:RE:Rio Tinto Partners with RMC in Timok

RE:RE:RE:Rio Tinto Partners with RMC in Timokso I am clear. this is a big win! rio is the A team. i'm positively excited here.  my only point ia a right of first refusal is of less value in a bad market than a good one. if someone offers fcx say 750 mill for their share of timok, which is about pro rata to reservoir's 250 market cap today... how would reservoir exercise it's right?  where can it get 750 mill. issue shares? I hope not. debt from who? the market is the issue here.  and the flood gates of copper projects for sale sucks too. it is a strong copper bear market.  my hope is fcx and resevoir both look long term here, or if fcx is out and/or partners we get a stronger new partner.  i hope reservoir stays in either way.  china at even 6.5% growth means copper ++ for the years ahead so we just need to be patient.   drilll baby drill and get some more news flowing - however you look at it that we can all agree is a good thing!! glta 
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