RESERVOIR MINERALS INC V.RMC

LUNDIN

[Buckshot26]

I'm sure Timok will come up in the Q&A if not addressed beforehand....

Investor Calendar Invites You to the Lundin Mining First Quarter 2016 Earnings Webcast Live on Thursday, April 28, 2016

 

TORONTO, ON / ACCESSWIRE / April 27, 2016 / Lundin Mining Corporation (TSX: LUN) will host a live webcast to discuss the results of the first quarter 2016, to be held Thursday, April 28, 2016 at 8:00 AM Eastern Time.

To participate in this event, go to www.investorcalendar.com/IC/CEPage.asp?ID=174913.

About Lundin Mining

Lundin Mining Corporation is a diversified base metals mining company with operations in Chile, Portugal, Sweden, Spain and the United States, producing copper, zinc, lead and nickel. In addition, Lundin Mining holds a 24% equity stake in the world-class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

SOURCE: Investor Calendar

Source: Accesswire (Apr 27, 2016 16:17:03 EDT)

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[Buckshot26]

Now we wait and see if they really liked Timok or not. Corporate Highlights On March 3, 2016, the Company announced that it had entered into an agreement with an affiliate of Freeport-McMoRan Inc. ("Freeport") to purchase an interest in their stake in the Timok project located in Serbia for total consideration of up to $262.5 million. The transaction was subject to

[bendystock]

Thanks for the update Buckshot26. I think Lundin's public statement matches with my belief that the only thing that is a done deal at this point is that RMC is exercising its ROFO and by Monday will own significantly more of Timok than it did a week ago. I plan on listening to the call tomorrow morning. I do not expect them to provide much detail on their strategy for after the ROFO has been

[cd673]

My view is it is hard to imagine another company bidding for the asset in this market. I think Reservoir management obviously wanted to sell rather than staying independent and I think they shopped the company for quite a period of time and this is the best I came up with. Remember Freeport did not come up with much either. It is good to see NSU getting some analyst upgrades as that validates they

[rob926]

The independent route was the big play but this market has been brutal for almost 5 years. Hitting decade lows when Freeport put the discovery up for sale. I have been beat up anytime I bring up less than to the moon scenarios but it is what it is. See my recent posts this is what I thought would be a good deal if we could get more of the discovery and that is what happened getting 33% instead of

[Buckshot26]

The Lundin CC is linked at the bottom.  As I expected the analysts wanted to know more on Timok and it was brought up in the first question around the 16 minute mark and then again around the 26 minute mark.  The answers were pretty much as expected in that they said they were "trumped" by Nevsun and wished them good luck..  The interesting part for me at least was in the