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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 24, 2016 11:09pm
174 Views
Post# 24804908

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

RE:RE:RE:RE:RE:RE:RE:RE:Have to wonder....Interesting deal. All RMC assets transfer to NSU, and we get 2 NSU shares for every RMC share, based on a nominal value of $9.40 per share as at Fridays close. We can get significant upside though if NSU's share price appreciates, and I don't think that is out of the question for them in picking up this significant asset. The NSU team has done an amazing job with the Bisha asset in Eritrea that no one wanted due to the political risk and turned that into a cash cow, so they have proven to be excellent operators and can move this forward in short order. I'll be holding onto some NSU.
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