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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 15, 2016 7:43pm
149 Views
Post# 24662553

RE:New Haywood Comments

RE:New Haywood CommentsGreat post thanks for sharing. I think it pretty much validates that everything we collectively pieced together here on the board makes sense and is the likely play. Now we just have to wait and see if things get executed as we hope and that there are no bumps in the road. I think their Target price post dilution is a little low considering half of the high grade is worth 16 bucks a share to Reservoir so one could expect a discount but I don't think $10.50 is reasonable. Especially considering it is almost certain the lower zone is a massive mine in the future and not priced in the 16. Maybe 12 or 13 short term then up. It's also interesting that the price is sitting right now or around 6:20 just a little bit above their speculative Equity issuance price. Maybe a coincidence and maybe not. Glta.
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