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Bullboard - Stock Discussion Forum 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 Discussion

RESERVOIR MINERALS INC > Markets are getting bloody.....
View:
Post by thorgb1 on Apr 11, 2014 1:20pm

Markets are getting bloody.....

Not much we can do other then wait it out. The one big thing we have going for us is that we are not a spec play any longer, we have proven metal in the ground. Reading CNBC and some other financial sites, this is one of the those days you want to be all cash......
Comment by knotshure on Apr 11, 2014 1:29pm
Watching the action on RMC for a while , there is a major effort to consolidate and bring this back into a few hands . Insiders want to squeeeeeze out the little guys and take this private . So be patient !
Comment by angelnotes on Apr 11, 2014 3:31pm
What basis do you have to say that insiders want to squeeeeze out the little guys and take this private?
Comment by knotshure on Apr 11, 2014 5:18pm
They just did a 10 percent deal worth more than their PP. They are cashed up  ! RMC now has the collateral to fund a squeeeeeze . You tell me something . Why are they going into the drilling business ? Their model used to be JV.  I think they want to go mining . The new flash smelter will take their ore in a heartbeat . Their Chinese investor will buy all their concentrate  . Go ...more  
Comment by psj567 on Apr 13, 2014 6:41pm
Knotsure, you surely are not knowledgable about RMC, mining, financial markets or posting on this board in good faith. You so obviously play a child's game on this board that anyone above the age of 6 would be insulted.
Comment by knotshure on Apr 14, 2014 5:30am
567, Pardon my ignorance you are obviously of superior intelligence .. Xstrata sold  Las Bombas yesterday for 5.85 bln . Guess who bought them . The same people that are going to buy your precious RMC.   Have a nice day !