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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 > something interesting to ponder
View:
Post by vaeirrr1 on Jun 15, 2016 2:14pm

something interesting to ponder

Oh and maybe my last post here, I am thinking about how the "NO" vote would play out and it is interesting that if I vote for "NO" deal and think that it would come to pass, I would actually want to sell my stocks before the vote result is out so that I can buy them back later at a cheaper price...
Comment by Meester954 on Jun 15, 2016 2:27pm
Not a bad trading strategy at all.
Comment by rob926 on Jun 15, 2016 2:56pm
True but for long term holders we will have a huge tax bill due since we are up 700% to 1,400%. If it was a US stock buying a put might be great insurance to a move down.
Comment by Meester954 on Jun 15, 2016 3:10pm
Rob-I get it.  Since it seems that most of the newer posters are also newer shareholders, trading in the manner suggested seems like a pretty good strategy.  I have to manage the tax hit just like you do.
Comment by rob926 on Jun 15, 2016 3:13pm
Really thankful for the tax hit since I lost a lot on a bunch on other stocks that Byron King picked. I wish I subscribed to Brent Cook's newsletter instead since i would have lost less!  Now that the vote is to close to call it will be interesting to see what happens next!
Comment by Meester954 on Jun 15, 2016 3:19pm
Amen on the tax hit!  Thankfully I avoided most of the commodity carnage and got out of everything but RMC early on. It will be fascinating to watch how this unfolds.  At this point, when I hear the vote is too close to call, I translate that to mean "we don't have the votes."  Wonder how the NSU shareholders are voting?
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