RESERVOIR MINERALS INC V.RMC

Looks like the ride is done??

[TheBigSmoke]

This thing is just drifting lower each day.....they need some news soon...

[rob926]

We need some positive news. We are now back to $5.75 where we raised our last round of funds. The volume is picking up as the the share price moved below $6 which was probably when we went below our 200 day average. I wish we had a stronger JV because Freeport is killing our stock!

[cd673]

can't help but wonder if the drop has something to do with the drilling that's going on right now and maybe somebody knows what's coming.either way it's probably important for us our recent new investors resume buying at these levels and increase their positions and avoid their investment being discounted. we need somebody to offset the shares for whoever is selling. Fugly for now.

[rob926]

The price might drop if the drilling is unsuccessful but it shouldn't. Our stock is not priced for good drill results at this price nor are we getting any value for the potential of the porphyry. This feels more like investors getting a little scared about what Freeport is up to or more importantly not up to. The longer Freeport keeps silent the more fear, uncertainty and doubt there is. Also

[knotshure]

[url=RTB Bor strategic partner tenders to be called soon | Vesti | Tanjug][/url] Interesting article . 

[knotshure]

Sorry posted wrong address .  Wanted to post Serbian Government has tendered the Operation of three of its major ore bodies . That tender might well be what Freeport is focusing on . 

[angelnotes]

The link to the article is: https://www.tanjug.rs/news/140607/rtb-bor-strategic-partner-tenders-to-be-called-soon.htm This could be what Freeport is looking at;  but it is ALL about economics.    Would Freeport invest $230 million now to get these three ore bodies?   Are these ore bodies silimar in size with the JV ore body?   The amount Freeport spent to date on

[rob926]

If you look at the JV properties in the north our 2 with Freeport completely surround Coka Marin, and that is where Freeport drilled the last hole before they stopped drilling and hit a big section of porphyry. For 30 million that might peak their interest. I just hope Freeport does something soon that is good for both of us! 

[cd673]

Interesting to hear this bid is going on. The Chinese we be logical players. Maybe I am just confused, but why would Freeport spend $200M on copper deposits when they just sold a Chile copper mine for $2B. Unless they think Serbia is a monster and want it all before the real story comes out. As for the $30M that looks like a gold deposit in Coka Marin and I can't imagine they would want that

[rob926]

They could pull out but I doubt they would until they drill it and prove what they really have. They were drilling in Serbia for 10 years only the last few years with Reservoir. They know serbia has the potential for huge copper deposits. They would be really dumb not to take this to a BFS. If they don't probably better for us we will keep 45% instead of 25%. They have to drill they just want