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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 rob926on Jan 13, 2016 12:01pm
173 Views
Post# 24454083

RE:RE:RE:RE:RE:Fitch downgrades FCX to one level above Junk

RE:RE:RE:RE:RE:Fitch downgrades FCX to one level above JunkIt is not a 10 bagger anymore. We got our shares for 65 cents and warrants for 90 cents. I also bought shares up to $4.50. All my shares where bought with US dollars so I have about a 35% value difference from those who bought with Canadian dollars. My gain is still a double in RMC but I lost about $400,000 on Reservoir Capital when it dropped to almost zero so I am about even with this Reservoir Capital/Minerals trade. My hopes for $20 are still there but a lot of luck would have to come our way like better resource prices and another high-grade discovery like they did at BOR. My comments where to those that still have the rose colored glasses on and think a deal is imminent. This board has thought that for a few years now. I took my rose colored glasses off when I asked someone in management over a year ago about all the talk that a deal was imminent. Their comment was would it be so bad to own 25% of a world class mine 10 years from now when copper and gold prices would likely be higher and a chance of more high grade discoveries. At that point I braced myself for a chance this could be a long haul investment. Here we are today in a considerably worse commodity environment with assets being sold at fire sale prices. I would be surprised if management would sell now because we would probably not get near what this deposit should go for in a better market like copper back over $3.00, and China on the growth again. I would hope they partner with someone to buy out Freeport and keep at least their 25% ownership if not more. Stooping to make rude comments about me is not very professional. You should reread my post is was in part factual, in part my assessment of the current market and influenced by what I have heard from the company, nothing I said warranted a bashing. I do wish we all could get a great price soon but I am prepared incase the company holds on for a much larger value 2 to 5 years from now.
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