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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 > OVERPRICED STILL ?
View:
Post by knotshure on Sep 10, 2014 1:36pm

OVERPRICED STILL ?

Good for those people who are taking profits . Should RMC announce weak drill results this stock will tank , no matter the fair market value or the intrinsic value.
Comment by thorgb1 on Sep 10, 2014 2:23pm
This isn't profit taking, it's panic by those who bought on the ride up to $7.50. I have to agree that it's ugly to watch, kind of reminds me of the day UNX went from $2.40 to $1.10 in a couple of hours. The markets ugly, not much we can do about that.
Comment by angelnotes on Sep 10, 2014 2:52pm
This is one way to get the weak hands to sell ...  time will tell.   We will have the answer soon when the drill results come out.
Comment by thorgb1 on Sep 10, 2014 2:55pm
Analyst tours are scheduled in Serbia the first week of August. I have to expect we will have some results by then.
Comment by angelnotes on Sep 10, 2014 3:12pm
You mean first week of October .... not August?
Comment by thorgb1 on Sep 10, 2014 3:14pm
LOL, yeah October. 
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