Post by
bendystock on Apr 29, 2016 12:18pm
RMC and Timok Mention on BNN
Buckshot thanks for sharing the link and your analysis on the Lundin Conference Call.
I think your point on others potentially checking into RMC's availability is valid.
Lundin was clear on the conference call and then even more emphatic on BNN that other than RMC there are not projects out there they are interested in. This is from yesterday have a listen:
https://www.bnn.ca/Video/player.aspx?vid=858762
I gotta say I am loving the stock price these last couple of days, there has been a lot of volume at prices within close range of the RMC share purchase by NSU ($9.40). I hope that this volume indicates that institutions are looking at this as a good chance at arbitrage already and not waiting until late May-June. I am happy to closely track 2x NSU's share price here on out.
I see the primary risk of the next two months being NSU and its share price relying on unpredictable commodity markets (also noted by cd) though this is also gives upside potential. I have been clear that I still think another offer is possible and I think that Lundin's comments to their shareholders and on BNN justify why.
Good luck everyone, hope to see you at $9.40 and beyond.