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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 thorgb1on Apr 20, 2016 1:22pm
162 Views
Post# 24789639

RE:RE:Have to wonder....

RE:RE:Have to wonder....In my opinion, there will be no partial deals done. We will either match the Lundin deal, or we will be acquired by an operator. I don't believe there is any other option that makes sense based on the data in the PEA, and I'm 99% certain that Lundin will not get the property. If the former occurs and we end up with the project and RMC remains as a corporate entity, I think there are some interesting deals to be done and who knows what can happen. I think one of the things Freeport and Lundin were banking on was that a major would not be able to move fast enough to conduct the proper diligence and get board approval for a significant funding commitment to invest or acquire and move the project forward, and we will know if they were right in the next week or so. In gaining full control I think we extend the timeline and probably open up more options, and open the door for more parties to get involved in buying in, or buying us outright. 
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