RESERVOIR MINERALS INC V.RMC

Fitch downgrades FCX to one level above Junk

[psj567]

Fitch earlier this evening dowgraded FCX to BBB-, which is one grade above junk bond status, and gave it a Negatve outlook. 100% of Cukaru Peki will belong to RMC or an acquiror of RMC relatively soon. Either way, RMC shareholders win big. The Right of First Refusal that RMC management negotiated as part of the JV Agreement wioh FCX years ago is looking brilliant.

[rob926]

First right of refusal is only good if you have the money. To me it looks like if we want any value out of our discovery we are going to have to hold on for a few years until copper and gold come back and this moves towards being a mine. right now no deposits are worth much including ours. All deposits are being priced as if the world does not need them. If there is an offer where will we get the

[psj567]

Get your facts straight. Freeport did extensive drilling this past year, more than any of its other exploration projects. It spent about $20 million in 2015 on Cukaru Peki. As of about a week ago they had over a dozen rigs drilling. Second, RMC will have no problem raising the funds to purchase 100% of Cukaru Peki. There is plenty of money available for good projects--- look at Rio who just closed

[rob926]

Get your facts straight Freeport quit drilling for about a year while they negociated the operating agreement and the stock droped like a rock when they did that. Reservoir is still a small fish in a large pond. I hope you are right about the timing but no one has been so far. There is always someone saying a deal is imminent but the years just keep ticking by. I have owned this stock since 2008

[thorgb1]

I think Rob must have put on the "Christmas 10" and his panties are now too tight, no other reason to explain why he's whining like a little girl about "waiting for the big payout" on a stock that he's had a ten bagger on...... The reality is that the hopes for $20 are gone, because the global commodities markets sucks, gold, copper, and oil are the worst they have been

[rob926]

It is not a 10 bagger anymore. We got our shares for 65 cents and warrants for 90 cents. I also bought shares up to $4.50. All my shares where bought with US dollars so I have about a 35% value difference from those who bought with Canadian dollars. My gain is still a double in RMC but I lost about $400,000 on Reservoir Capital when it dropped to almost zero so I am about even with this Reservoir

[cd673]

I was hoping we would hold the $4 mark but perhaps with some new results we will reclaim that level. There has to be some coning soon. I don't think we'll see new discoveries anytime soon because they're not drilling the adjacent properties as much. And the rio deal does not require drilling in 2016 I don't think. We have the best discovery in the worst market. But copper is not

[thorgb1]

PDAC is only 6 weeks away. I expect if we are going to see anything imminently, it will be around that time. Good luck to all, commodities and oil are tanking again today, no quick fix for this $hit show of a market.

[wannabeinvestor]

No quick fixes here.  It has broken through resistance.  Best to have a big short position in US equities as a hedge.  Could be a nasty bear if China were to implode.

[cd673]

I personally do not see any way that China is going to implode. If anything these low commodity prices are a gigantic stimulus into their economy as they are major consumers of oil and metals. And no doubt they are using the downturn right now to load up on all of these commodities as well as make acquisitions in these industries. Let's not forget they have gigantic US foreign reserves and a