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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 27, 2016 10:34pm
152 Views
Post# 24500340

RE:Rio earn in

RE:Rio earn inIn my opinion in the simplest case a third party would offer to acquire all of freeports interest as well as the terms and conditions of the joint venture agreement and stand in their place. Whatever they offer for that Reservoir would be able to match that given their first right of refusal. Hence this scenario is unlikely because the potential buyer could spend a lot of money working with Freeport only to see their offer slip away if it was matched.. And what is more likely is that the third party will attempt to have a favorable deal with both Freeport and Reservoir at the same time. The terms for that would be wide open. We could wind out with more, less or the same, and that applies to both ownership as well as terms. That's what I think anyway.
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