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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 27, 2016 8:57pm
250 Views
Post# 24818045

RE:RE:RE:LUNDIN

RE:RE:RE:LUNDINMy view is it is hard to imagine another company bidding for the asset in this market. I think Reservoir management obviously wanted to sell rather than staying independent and I think they shopped the company for quite a period of time and this is the best I came up with. Remember Freeport did not come up with much either. It is good to see NSU getting some analyst upgrades as that validates they got a sweet deal in particular picking up all the low grade was a real coup for them. But really what this comes down to now is as an investor do you want to own shares in NSU. I think we could go higher still but there is no Assurance we even get to $9.40 as that was somewhat of a fictitious purchase price. I have sold a good portion of what I had what will hold some to see if there is an additional ride. I certainly hope it goes up but I'm not going to lose any sleep over lost profits if it does. Because there is still downside risk let's be honest. I think the big play here was Reservoir staying independent and that is not the path this is going down. The rise is Share Price estimates for NSU validates the transfer of wealth from RMC shareholders to NSU it's that simple. I wish it had gone in a different direction myself. But I am also happy with the value management has created over the past few years. Glta.
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