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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 24, 2016 10:26pm
135 Views
Post# 24804856

RE:RE:RE:RE:Have to wonder....

RE:RE:RE:RE:Have to wonder....Rob it is a little bit hard to tell what will happen from this news and what the impact will be to our share price. Overall I think it is a positive development as it lets us stay in the game much longer than a simple acquisition would do. And therefore we can see the long-term economic Potential from the upper Zone and the lower Zone which may not have been the case if another larger partner had taken us out. We also get more trading luquidity. So I like the way that shapes up and I think it offers a decent premium as well as a lot of long-term upside potential. But we will see how the market reacts in the next few days. It is a complex situation and may not be easily understood. Additional analyst reports will help when they become available I think. Overall I think it is a win-win for both companies though I would have preferred to see Reservoir maintain a kicker on the low grade if that gets to production as that could be the whale we are all hoping for. But nevsun has a lot of cash and cash is King right now given where we are at and the overall Market. Glta
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