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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 > Speculation Survey
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Post by rob926 on Oct 08, 2014 1:16pm

Speculation Survey

This is a follow up to my last post. I was surprised as well as excited to see that 3 drills are turning and another one is due soon. Freeport spent time drilling 1 hole at a time for over a year before they hit the first good hole. I believe the 10th one was the lucky one. Then they started adding more rigs. My speculation survey is for 3 scenarios I see for the fast rig count. Which one do you all think it is?
1)      Freeport is going to get back to drilling in the first quarter next year and Reservoir needed to use the rigs before Freeport needs them. I am guessing that there are not an unlimited amount of rigs and workers hanging around.
2)      Reservoir is in a hurry to test all known prospects ASAP because a discovery will support the stock. It also might stop our stock from being taken out at a cheap price.
3)      Reservoir has hit copper with enough thickness and grade to warrant all the rigs.
Comment by thorgb1 on Oct 08, 2014 1:34pm
I would think a combination of 1 & 2.
Comment by psj567 on Oct 08, 2014 2:14pm
Freeport has every incentive in the world to keep RMC's share price depressed and do absolutely nothing, such as drilling, that would enhance RMC's value. Freeport also has every incentive vis-a-vis its negotiations with the Serbian government to communicate that Cukari Peki is not a world class asset (which of course it is) in order to get a better deal with the Serbs. Freeport  (or ...more