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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 psj567on Apr 24, 2016 7:04pm
200 Views
Post# 24804502

Get Real and Stop Your Complaining

Get Real and Stop Your ComplainingMany of us long time RMC shareholders are already sitting on over a 1000% gain. The NSU deal will likely add significantly more gain-- we will all know tomorrow. Obviously NSU's cash will be used to fund exercise of the ROFO. The two most important things, assuming NSU's brief post on its website today is correct, is that 100% ownership of the high grade has been consolidated into one company and therefore development and mine construction can move forward expeditiously. Second, the minority position in the lower (porphyry) zone has also been consolidated into one company f(rom what would have been RMC and LUN separately), which if my memory is correct, is 46%, with FCX retaining 54% of the porphyry. So RMC shareholders as part of this newly combined NSU/RMC company own significantly more of Timok than we did 24 hours ago. RMC shareholders should receive a significant premium in this deal since it is RMC that has control of the asset. We will all know in about 14 hours from now.
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