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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

Post by rob926on Apr 14, 2016 3:06pm
219 Views
Post# 24767624

Question? And be nice on your answers!

Question? And be nice on your answers!Has anyone seen any comments from analysts as to what they think the share price would be if we do not exercise the ROFR? The reason I ask is based on the Lundin purchase price our 25% would not be worth anywhere near our market cap. I know they have to delivery a BFS to get the 75% share but if this is going to be a mine then it will happen. At Lundin's deal price wouldn't that make our value at around a 100 Million? No need to slam me this is a legitimate question since not exercising is a possibility. I know we have lots of options and hope we can execute a great one for us shareholders but it might not happen. The deal is still good since Lundin will speed up the project but we could have some near term price drop on that kind of news. I would think we have some investors who have jumped in on the speculation we will do some big deal and I for one hope we are all right on that point. If we are not and Lundin takes the deal then I would guess the short term traders will bail and drop our stock price. Then we will be back to waiting for more good drill results in what is still a bad commodity environment.
 
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