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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 Apr 15, 2016 8:49am
155 Views
Post# 24770081

RE:Question? And be nice on your answers!

RE:Question? And be nice on your answers!Rob, this is a fair question. Life is all about risk and reward.  If they don't close a deal along the lines of what we have talked about on this board, to increase their stake, then I'd expect a sharp pull back in price.  While our real 'value'  per share would still be in the 7.50 to 9.00 depending which analyst you believe, we would trade at a deep discount again.  If they close a deal I think we will see a target price more like 16.00 but will still trade well below that (not sure I would guess confidently but 8 to 12 seems like a range), and my view is we would not see appreciation until there is clarity when the mining starts and what the mine financing looks like (or a second deal comes along depending on how they do the first deal).  Some people will sell after the next news I'd guess for that reason, just as they have been the last two months. If a RIO caliber player is in the mix we could do better short term as well.   If a self financed deal it will be a longer haul.  My view is a deal will happen as that is how money gets made and everyone will be working hard to ensure success.  So I will take the risk.  GLTA   
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