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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 > Huge Volume This AM: Smart Money Bottom Fishing
View:
Post by psj567 on Sep 14, 2015 10:43am

Huge Volume This AM: Smart Money Bottom Fishing

With 9 rigs turning and Freeport desperate for cash, someone is making a huge bet this morning that either RMC is bought out at a substantial premium or RMC aquires 100% of Timok via its Right of First Refusal (of any sale by Freeport). I would prefer as an RMC shareholder that RMC acquire 100% of the project, since many geologists who know what they are talking about call it the best copper discovery in 30 years.
Comment by rob926 on Sep 14, 2015 4:43pm
Are we sure there are nine rigs drilling? I saw the question asked did I miss the post?
Comment by Meester954 on Sep 14, 2015 6:46pm
The company presentation posted on the website in late-August seems to confirm the post that was made a few days ago.  It indicates 9 drills holes are in progress.
Comment by psj567 on Sep 15, 2015 12:14am
It is very simple for anyone to verify the presence of the 9 rigs drilling on site. Pick up your phone and call Investor Relations. This isn't rocket science.
Comment by rob926 on Sep 16, 2015 6:58pm
I tried last week Chris McIntyre is out of the country. I should be hearing from him this week.
Comment by thorgb1 on Sep 16, 2015 8:49pm
He has been on holidays but is in Toronto this week. I might see him tomorrow.