Bullboard - Stock Discussion Forum RESERVOIR MINERALS INC V.RMC

Metals & Mining Industrial Metals & Minerals

"Reservoir Minerals Inc is engaged in the acquisition, exploration and development of mineral properties in Serbia, Cameroon, Gabon, Macedonia and Romania."

Add To Watchlist

TSXV:RMC - Post Discussion

RESERVOIR MINERALS INC > Virtually No Sellers

View:

Post by psj567 on Dec 27, 2013 5:04pm

Virtually No Sellers

It would appear that the vast majority of shareholders are holding for the end game no matter whether that occurs in 3 months or 2 years time.

214

Comment

Comment by rob926 on Dec 28, 2013 8:49pm

If Freeport does relaese all the 2013 drilling results early next year it will bring out some sellers. We should have a good idea of the size of the discovery, and there will be some profit taking. It hopefully will be at a big premium to todays price!

233

Comment

Comment by cd673 on Dec 30, 2013 2:31pm

We are seeing some more sellers than buyers heading into the end of the year. But limited volume. No conviction either way. I am not sure why we will see news any faster in 2014 than in the past. I think Freeport will take it's time at this point and flush out the entire area, before making any plays, even if it costs them more later for RMC. Nor would they want to indicate they don't want ...more

146

Comment

Comment by rob926 on Dec 30, 2013 3:05pm

cd673 when I said that Freeport might release all 2013 drilling results by the end of January I was not just guessing. In the past I have estimated when they would release based on past releases but I was on the phone with reservoir about 10 days ago and I asked if Freeport has given any indication when 2013 results would be announced. I told them I was inquiring because Simon said early in 2014 ...more

165

Comment

Comment by cd673 on Dec 31, 2013 9:27am

I won't hold my breath but I guess we will hear early in 2014 either way. What is your take on when we will hear about the drill budget for 2014? I am also curious if anyone noticed the change in their drill hole numbering? Instead of FMTC1350 the current drill hole appears to be called FMTC130050. Is that nothing but the change in budget/year? Or a shift in drilling phases?

145

Comment

Comment by rob926 on Dec 31, 2013 10:46am

The new budget should be released in the first quarter hopefully they will detail it for us. I'm still waiting to hear from them about their other Serbian exploration in 2013. Reservoir will release what they end up approving for the JV. In 2013 they spent twice as much in Serbia as they did for the Reservoir JV. I noticed the same thing and thought it might be a typo. I'm probably going ...more

183

Comment

RESERVOIR MINERALS INC