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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 Mar 09, 2016 10:53pm
176 Views
Post# 24641943

RE:RE:RE:Rising Price on Heavy Volume-- A Great Sign of Strength

RE:RE:RE:Rising Price on Heavy Volume-- A Great Sign of StrengthRob #1 if reservoir owns all of the high grade pv is 32 a share. Whale! #2 maybe the fact that Freeport and Lundin have mutual business interests elsewhere may be a factor. If you recall I mentioned this possibility in previous posts that Freeport could team up with someone friendly to try to retain control of the project and effectively have other interests with such a partner that provides them with other benefits. While that is pure speculation it has been mentioned in several of the articles that Lundin and Freeport are already Partners elsewhere. So what does reservoir do. In my view if we can raise a quarter of a billion dollars we can take control of the entire high grade project which has a present value of $32 a share to Reservoir and even if discounted substantially is a unbelievable number. Lundin is probably offering Reservoir that amount of money just to do it themselves. And there is lots of even smarter and more sophisticated money out there that may have big ideas as well. To me right now selling is a sucker's market because we haven't even seen an offer and obviously there's massive momentum for the stock. I think given the prestigious nature of this deposit we have quite a ways to run on our price.
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