Bullboard - Stock Discussion Forum RESERVOIR MINERALS INC V.RMC

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

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RESERVOIR MINERALS INC > Grossly Overvalued? valuataion a little fishy

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Post by CaptainHindsight on Mar 14, 2014 1:07pm

Grossly Overvalued? valuataion a little fishy

No production, and looking grossly overvalued, up 11238% over 10 years and its still not even profitable, or even in production?

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Comment by biggreek on Mar 14, 2014 1:15pm

There is a vast potential here,they could own a big portion of a major belt, new high today in poor markets,you have like that and the underwriting was a major endorsment

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Comment by cd673 on Mar 14, 2014 1:21pm

The only thing in hindsight here is we all should have bought more. As for Freeport who cares if they want to buy, we are not for sale (I hope). As I have said I want to own 25% of a kick butt mine and get a nice dividend until I'm old and clueless. Now on top of that if they find something else, we could see them fund the BFS internally, and then maybe sell 50 to 75% of that to an operating ...more

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Comment by GeneFrenkle on Mar 14, 2014 4:27pm

I'm not entirely sure that CaptainHindsight exercises 20/20 here... "up 11238% over 10 years". RMC hasn't been around 10 years. Though I will take the return percentage.

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Comment by Buckshot26 on Mar 15, 2014 12:28am

never mind the fact that if the low was 1cent, an 11238% increase would have it at $11.23 today... I guess a share split could factor in the math but there hasn't been one at least that I am aware of. also we have this rob character whose head is so far up his you know what that I'm surprised he can breathe. seriously friend, move back to whatever sector you claim to be from because you ...more

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