RESERVOIR MINERALS INC V.RMC

buy on the rumour

[megacopper]

And sell on the news. It happens all the time. This deposit is down deep and although the news has been great so far rmc only ends up with 25%. All that being said rmc still could end up being bought out by freeport for 3 or 4 times todays share price if it turns out to be absolutely huge. These guys calling for 30 to 40 dollars are smoking some really good stuff. Lol.>

[cd673]

You hit the nail on the head.  Stock has been up nicely the past few weeks but clearly on the expecation of more than just another good hole near the other big one.   Buyers want to see more evidence of size/width and perhaps that it can it be mined profitably.  At least Freeport is stilll interested and funding, so probably more good news ahead, granted I would expect delays

[Boolish]

Yup...RVX did the same thing yesterday and then stabilized and bounced. Watching the trading today I have to say it traded a lot looser than a stock with a 40 mill float. Perhaps the algos were on it a bit....  A lot of stocks have followed this pattern. Big positions need a liquidity event and today they got one. Tomorrow will be more of a tell IMO.