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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 bendystockon Apr 25, 2016 12:20pm
259 Views
Post# 24806558

RE:RE:RE:Conference Call and Additional Details - Great Deal & Upside

RE:RE:RE:Conference Call and Additional Details - Great Deal & UpsideGreat conversation keep it going.

Yes the $20 million break fee was announced on the conference call.

No Lundin or any other potential suitors were not mentioned on the call.

I think I agree about NSU trading above $4.70 once the deal is digested but I plan on considering some numbers later to consider their dilution to make sure I agree.

My plan is to hold until either I have NSU in my trading account or the cash / shares of another company.

Transaction 1> ROFO exercise is done, that combined with LUN offer gives the first estimate for the value of what RMC has.

Transaction 2> Sale of RMC far from done, lots of options, exciting times through June.
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