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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 Jan 23, 2016 5:44am
115 Views
Post# 24486569

RE:RE:RE:RE:Good God....

RE:RE:RE:RE:Good God....A deal could be cut in an infinite variety of ways for any stake and on any particular terms new or old. The key point is whatever Freeport puts on the table gives reservoir an opportunity to match that deal. So I would think ideally they would be friendly discussions involving all the parties if something was to happen and it would be smart for reservoir to have some silent money in the wings as well. As for Freeport they are presently trying to sell a 1.7B stake in grasberg back to the government and this cash demand by the government appears to be a poker play in those discussions. It looks more and more like their survival is at stake. Somewhere along the way one or two firms are going to come out with a pretty sweet deal on their various assets. Wild times!
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