RESERVOIR MINERALS INC V.RMC

Three Weeks Left To Exercise ROFO

[psj567]

There are two certainties:

1. The ROFO will be exercised prior to its expiration.
2. RMC will be acquired.

The unknowns are:

1. Who will acquire RMC ?
2. When will RMC be acquired, pre- or post-ROFO exercise ?

If the acquisition occurs post-ROFO, it will likely be relatively soon after the ROFO is exercised. Because the likely acquiror will want to make Serbia a district area play, the acquisition will likely include all of RMC's interest in Serbia and surrounding countries. I am sticking by my RMC acquisition price of $12-15.

[rob926]

Nothing personal but I hope you are wrong about a full acquisition of Serbia. There is not enough data to get a fair evaluation in this market. The porphyry could be worth as much or more than the high-grade and the Potential of more high-grade deposits  Is fairly good considering Bor. Freeport was not stupid in structuring their deal by only selling what is known and keeping there 54

[psj567]

You are looking through rose-colored glasses. Mining is full of uncertainties and risk. At $12-15 a share, management and the Board should be including their women and children in the deal as well.

[goldminer57]

Agree with pricing, not women and children! $12-$15 fair price. What would be great is a stock exchange for shares with let's say RIO. Ride their stock back up over the next few years. That could be another double.