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It's gonna be like a patchwork quilt here soon with all this cross filtering. :)
Anyway back RMM....
I agree with many here I'm not expecting a placing (but won't bet my house ok that as wtf knows and it's still an option so..)
However I do feel the preference will be an alternative such as those already mentioned. Ideally a JV though that does make most sense and tie into the line in the RNS but that'll depend on stage of any discussion and cash required (how much and when).
Anyway all good here imo. Just await next news and then everyone can hopefully kiss and Makeup.
It's like a mass bulletin board period sync up here ATM!
Gla
I've taken in the info but the way I see it is its you that hasn't. IMO hahahaha.... grow up!
I don't have a "side" in this, I really don't, but you just said you didn't insult him, immmediately followed by an insult! Piqued my (possibly dark and/or dry) sense of humour! lol
On a general note, think a few people on this board could do with toning down the aggression a bit. We've all had a bit of a slap in the face financially, even if it's only temporay, there's no need to add insult to injury by ripping chunks out of each other behind the safety of our screens.
Back peddling. That's not the tone you used and you know it. Let's just leave it there aye.
Ant, quick to dish out the insults but not so quick to explain... No rush, I truly am interested in your thoughts about what I posted.
My thoughts are that we were at this level when lombard were offloading all their shares
Ant, I've no hidden agenda so if you wouldn't mind explaining, I'd be grateful
Cheers Cornish, certainly exciting times ahead.
I just wonder if we have dropped back to this level due to warrants being exercised and the shares sold. 1.1 billion to churn. Makes sense because we should not be at this SP with that update RNS and all the good news due
Thats what I'd aim for Sam, sell a 25% share of LD/WB for a cash injection, with tge purchaser having an earn in right to 50%, which will enable our team to focus on Ming Mine while the partner gets on with progressing LD/WB. In 18 months we will have excess cashflow to divert to LD/WB with an aim to starting production in 2024/2025.
Steve, that was my thought about financing. Is there a possibility it could be part of a deal with Little Deer and Whalesback Mines? Or will financing be a separate entity?
totally agree Sam - I went from 75k paper profit to 15k paper loss - disappointing obviously, but not worried at all
The short term cash required I expect to be pretty low and I expect deals on LD / WB that could double the Mkt Cap now on their own!
Didnt sell at .6 -not selling at .3! Enjoy the ride guys and base you investment on evidence
GLA LTH -
As I just reread that section again, it struck me that it said: "...the Company is investigating financing options."
You don't 'investigate' a placing as it within your own control. That phrasing strongly suggests loan, royalty, joint venture, etc..
If you wait until the company is running smoothly and producing millions before you invest..........you've missed the boat.
Cheers for that ant. More positive news!... I like the words "Short term" in there
The recent delays to the production ramp-up have had and are expected to have a negative impact on the Company's cash position in the short term.
Agree , i thought it was a great RNS , but i'm in no hurry for instant results.
Multiple stopes, New areas that may lead to an expansionofresources, infill drilling and the Company has received a number of unsolicited offers of interest in its Little Deer and Whalesback Mines
Some great news in that RNS. I must be missing something? All I can see is positives.
Toby Bradbury, President and CEO, commented:
"2021 is a re-building year for the operation. Relative to our financing plan announced in September 2020, we got a late start with financing received in December 2020. This slightly delayed the planned remedial works but good progress has been made in delivering essential elements of the recovery. Despite the set-back in ore production in this first quarter and into April, we remain confident that we will return to full production capacity by end of year 2021 with a more flexible and robust production schedule.
The resumption of diamond drilling is increasing the confidence in our near-term production outlook and we have already identified additional areas that may lead to an expansion of the resources.
On our projects, we are busy with preparations for ore sorting at the Ming Mine which will improve margins and profitability from 2022, once the developed state of the mine has been re-established.
The Company has received a number of unsolicited offers of interest in its Little Deer and Whalesback Mines and is actively seeking arrangements that can advance these projects while retaining significant interest. These deposits have existing NI 43-101 Resource Statements which are in the process of being updated.