RESERVOIR MINERALS INC V.RMC

New All Time High!!

[thorgb1]

A great day. I have a feeling more all time highs will be coming fast and furious throughout 2014.

TGB

[psj567]

New high on the heels of an equity financing in this market speaks to the incredible strength of RMC and that it remains significantly undervalued. When the brokerage houses who have come in on this placement start writing new and/or supplemental coverage reports and their respective brokers start pushing the stock , RMC should move up in price steadily. Scotia's vauation, which does not

[cd673]

I am surprised the stock is climbing, granted on modest volume.  Will be interesting to see where the next level of stability is established. I suspect RMC did not expect the gain either, else they might have pursued a higher price. Our new shareholders have gotten a heck of a deal at 5.75 - I would love to have some of that action.  I wonder if RMC can adjust price at this point or

[psj567]

cd673--cut back on the caffeine there. Addressing your points/questions: Freeport (FCX) is building a mine--they are in Serbia to stay for the next 30-50 years. Once FCX has negotiated its deal with the Serbian government, it will soon thereafter focus on what to do with RMC. Freeport is extremely focused on this project. Why are you surprised RMC's price is climbing? RMC remains

[Skibum2]

Financing closing on or around 20Mar, Do you think that it will trend up or down as we get closer to the date? Do you anticpate any more news in the near term

[cd673]

Thanks PSJ, I appreciate your answer and respect your point of view as I hope you do mine. I think the rise is more due to the porphyry potential than the infusion, but it's irrelevant either way.  Two more questions before my caffeine wears off and I switch to Crown;)    1. When might they make a move to a full US exchange and off the pink sheets?  That

[psj567]

There is no real benefit to a US listing for RMC. US investors can readily purchase it now. A US listing would just be an additonal overhead cost and another layer of regulatory compliance. I am not "sure" about anything but my best guess is that in light of Simon's previously publicized Asian trip in January where according to the newswires he met with Jing Bao Ltd., I would

[cd673]

Thanks PSJ. Good point re the cost and effort of a US listing. Not all US brokers allow CDN investments however - like mine - but probably the bigger ones do. There are many outcomes possible for RMC for sure, incl. Jing Bao. But I'd guess if this is a tier one mine Freeport will not want a partner that is mainly interested in sourcing copper for less than market pricing, and in that case