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Not on the ball for the biggest discounts today. But have now added a decent chunk to my 3 week old sons JISA @.5663 earlier
He thanks any silly sellers greatly for the discount
On a different note, there was a small few questioning if Copper could retrace significantly. You need to consider the macro environment now. The amount of cash the US has been printing is ungodly
https://www.google.com/amp/s/www.cityam.com/almost-a-fifth-of-all-us-dollars-were-created-this-year/amp/
(2020 source)
https://www.reddit.com/r/CryptoCurrency/comments/kdpc24/35_of_all_us_dollars_in_existence_have_been/?utm_source=amp&utm_medium=&utm_content=post_title
(More recent chart and analysis)
What does this mean you ask -
We'll quite simply all this extra cash is being pushed into assets and commodities. These inflated prices are here to stay and I believe the days of 6, 7, 8000 / TN of Copper are long gone
This is a great time to be invested in many financial assets. I believe you are even luckier to be in a discounted miner in RMM, and at the outset of a once in a generation infrastructure overhaul/upgrade and commodity supercycle
I suspect 2p / £2 by December, may slice then, may not.
3p / £3 next year at some point - Financial times predict 3.6 within 12 months - https://markets.ft.com/data/equities/tearsheet/forecasts?s=RMM:LSE
More than happy to let the sons purchase run for years, after all, 18 years till he can access ;)
Cheers
PFK
I'm glad the dip was bought, was worried for a minute that the traders were getting their wish of selling and buying back 20% cheaper. It seems we have strong support around this level.
Well done to anyone fast enough to get some at 53/54 this morning . 10% Thursday discount!
I honestly think the drop was a mixture between inpatient traders and clueless idiots who received the consolidation email this morning and panic sold.
I was out this morning so missed the buying op. Happy to have more weak hands flushed out and great to see some LTH’s hoovering up.
The next attack at 0.62 could well be the last.
Thanks everyone for the clarification.
O yeah , if he ever turns up on a share your invested in you really need to go over your research again....you've probably missed something
Lol I know that Sam. He did the same on another stock I was in and seen several others lol.
If he turns up here, I'm off....
He was great , as soon as he buys in , he starts to panic ......came across as a nice guy though
Backspace - Think I'll follow Sam posts to take the counter position ! Top tip. Thanks
Is that the SAM on the VAST board from EUA last year and a few others , he was funny always jumping from one share to another buying high and selling low in a panic....think he was training to be a pilot .
If you want some light hearted entertainment take a look at the VAST board (I don't hold but sold a few weeks ago) there is a tsunami of nonsense following the consolidation which completed today. Hopefully our dialogue post consolidation will be of better quality !
I would say that given the maximum amount you could lose would be 99 pre consolidated shares at 0.55p which is about 54p that you should probably not worry too much.
For those that are not familiar with consolidation, vast have just done the very thing. I would suggest that if you are holding odd number of shares. Then round them up to nearest 100, if it's a 100 to 1 ratio. I E if you have 000065 , round them up/down to the nearest 100. Just saying
It's also been discussed a fair amount. Best to put on thread/topic view and scroll through pages.
A quote fron the 7.00am RNS on 30th April 2021.
Share Consolidation
At the AGM, shareholders will be asked to pass an ordinary resolution to consolidate the Company's ordinary share capital whereby every 100 ordinary shares of 0.01 pence each in the capital of the Company ("Existing Ordinary Share") will be consolidated into one ordinary share of 1 pence each in the capital of the Company ("Consolidated Share"), rounded down to the nearest whole share ("Consolidation"). The Consolidation will reduce the 10,731,098,677 Existing Ordinary Shares currently in issue to 107,310,987 Consolidated Shares and is expected to further enhance the perception of the Company and its prospects and help improve the marketability of the Company's shares to a wider group of potential investors.
look again and you will see it.
I got a message that shares r getting consolidated, but not seen any RNS on this.
No discussions on this subject here is it me getting muddled up with some other stock? If shares r getting consolidated then an RNS should be put out, shouldn't it.