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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 Nov 13, 2015 12:56am
200 Views
Post# 24287861

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

RE:RE:RE:RE:Rio Tinto Partners with RMC in TimokRMC itself would have no problem obtaining a combination of debt and equity financing to acquire 100% ownership of Cukaru Peki-- even in this market-- it is that great of a discovery. However a likely scenario under any such attempted sale by Freeport would be that a third party (such as Rio) who wants to match the purchase price (because they think it is a good deal) would simply first buy out RMC and then exercise their newly acquired ROFR and acquire 100% ownership. The most likely way it will work out however, and the one most beneficial to RMC shareholders, is that if Freeport is going to sell, no third party is going to cut what it sees as a good deal with Freeport only to have RMC's successor-in-interest get the benefit of their bargaining. Rather, any would-be-third party purchaser of Freeport's interest will first buy out RMC at a premium before negotiaitng its deal with Freeport.
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