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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 digipicon Jun 16, 2016 3:56pm
114 Views
Post# 24972268

RE:RE:RE:RE:RE:RE:RE:Just Out

RE:RE:RE:RE:RE:RE:RE:Just Out
Interesting scenarious.  If the No vote prevails as you're indicating, where do you see RMC stock price to go in the 60-90 days? 

Buyers are needed to propel the stock higher.  I can understand long term holders, but are they prepared to buy more at around these levels, hoping for say another 25% gain?

Somehow I can;t too excited on the Red Dragon playing such a huge role! How can anybody be willing to buy at these levels, in those circumstances, as very little is known about the Red Dragon.  Who are they?  I haven't been able to get much on them, to evaluate them.

Bottom line.  IF management has been fortright and bonafide with NSU and are interested in getting the deal done, they will find a way.  If not, let the games begin.

Need buyers to keep the stock up!...thus to me the risks are more to the buyers who buy in at these levels.  I would not buy it, not in these conditions.  Its gambling and not investing.

I've been straddling the two, RMC and NSU and so far so good.  Its been like a real accordion.


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