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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 > I'm voting NO
View:
Post by thorgb1 on Jun 03, 2016 11:03am

I'm voting NO

Ultimately, my decision is based on what is best for the share price, and I just feel that we have a better chance of seeing $15-20 bucks if we move forward as a standalone entity. I think now that we have exercised the ROFO and have acquired outright ownership of ~80% of the asset, we may see new suitors emerge as well given that the time constraints have been lifted, and wouldn't it be great to see some value for the porphyry factored into an acquisition. I see no real downside either way for RMC shareholders, but as I see it there is alot more upside at this point if we vote no to the NSU deal. GLTA.
Comment by rodneyc on Jun 03, 2016 11:27am
Thanks for sharing thorgb1 - I too vote NO! If you have played this stock right it should owe you nothing at this point. I'd love to see some value for the porphry and I am willing to wait. Good luck to all!
Comment by thorgb1 on Jun 03, 2016 12:15pm
There is a full page ad in the business section of todays Globe and Mail encouraging shareholders to vote NO.  Also, consider this from a Haywood research note out today: Our C$9.00 per share Reservoir target price reflects the market implied metrics currently associated with Nevsun’s pending acquisition bid. That said, we note Reservoir (essentially only reflecting the Cukaru Peki ...more