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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 psj567on Jun 21, 2016 7:15pm
481 Views
Post# 24985434

RE:Thanks to the Posters

RE:Thanks to the PostersThis was/is a great board as these things go. For what it's worth, I have sold all of my RMC as of this past Friday. While I like the combined company, I believe the current rebound in the commodity sector from the Q-1 lows is a head fake and we have another significant downleg left in the full cycle. I also think the SP500 is overvalued by 40-55% and will mean revert when the full cycle has finished. Timing is always difficult to predict so I am happy sitting on the sidelines in cash. I have limited my upside in the interim but I have elimanted my exposure to the kind of potential loss that devastates portfolios. Recommended reading is Jeremy Grantham's ,of GMO, Q-1 Report/Newsletter to Shareholders and John Hussman of Hussman's Funds weekly market commentary. Sometime in the next 12-24 months, NSU will be 20-40% cheaper than today.
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