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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 psj567on Apr 01, 2016 6:31am
286 Views
Post# 24718687

RE:RE:RE:RE:RE:RE:New 52 week high....

RE:RE:RE:RE:RE:RE:New 52 week high....The price of $12-15 in this market is just right. The market is gradually realizing 1.) just how much Lundin's bid grossly undervalues Timok and; and 2.) just how stupid both LUN and FCX were in striking a deal without first having neutralized and/or bought out RMC's ROFO. LUN's and FCX's agreement guaranteed that RMC could pick up Timok at an incredibly low, bargain-basement price. The economics of this project are phenomenal and long-lived-- points which are just sinking in to institutional investors based on the share price action of the past 30 days. The big boys, RIO et al., know what type of extraordinary Tier 1 copper asset RMC has in its control. I would be shocked if several majors as well as LUN have not already made additional offers and are competing for the asset against one another. A take out price of RMC in the $12-15 range is fair and reasonable.
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