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they forward the copper price for 12 month am i correct ?
cost them money
chinese come in
You know it’s serious when the US military quietly solicits applications for Canadian #mining projects.
Part of an increasingly urgent priority of the U.S. government: lessening dependence on #China for #criticalminerals
https://twitter.com/giginator_/status/1592260663329845250?s=20&t=0LJ_ShPFo80PAmgjmc8Evw
What's that got to do with RMM ??
Crikey.... @know0.
Read this BB a couple of times a week to just see how the wind blows in the difficult times.
Lots of words mate.....?
But nowt much matters other than what's on the other side now.
Still waiting like a lot of us.....
Regards.
You wrote "Know I don’t like u that much u part of funny group but am by ur side for this first time ever. Sad u been taken away by light buddy"
As we've never met or spoken, how do you know you dont like me that much?
I think you're ecentric but nothing wrong with that!
Whether on discord or LSE I write with my true feelings - experience and expectations - There are dissenting voices on discord as there are here and anyone who backs up their argument with facts is listened to
Because of the two part verification of the account, what we dont get is nonsense posts (either way) from peeps just popping in.
I was hugely critical of the dilution last year and have been hugely critical of BOD for over a year - some here and on discord kept shouting me down as being too negative
I also didnt trust BoD when in July they went to qtly reporting because the last time they did that and the and of 2021, we had hidden bad news
TB has to be replaced because he has lost all trust
The current financial position is not a real issue - not sure why they bothered suspending (other than to protect against a few of us adding significantly and getting a bigger voice - at 5.375 - they should've done that at 15.375!
Now is immaterial and is only serving their position because BoD would be unable to buy
They should un suspend and let you (or me or others) take much higher stakes - but they wont
So they are likely to only trade again on the back of an RNS that says that they are no longer in significant breach of terms of AP and that they believe those creditors are supportive and they will tell us the terms of the NewGen deal - which will have a slap of the wrist, a bit of equity today sorry and increase in coupon (interest rate) but possibly over longer term or with some ratchet around Cu price
May have to give some more Gold or Cu away rather than Equity
Anyway, as Ive said, would be happy to chat with you if you want to - may find we actually really like each other!
You convinced yourself that I lived next to the mine - actually I live in Halifax, Nova Scotia - Deer Lake is a couple of hours flight away!
Yes Ive got contacts in the area and have shared info from time to time both here and on Discord - more often on Discord or certainly much earlier than on here
I hope you get your Holdings RNS Moon, its just a shame that BoD (again for their own purposes IMO) have suspended now - any equity sweetener to NewGen or another lender will probably be at 20+p rather than anything like the suspended price
But one thing "the discord group" have done is provide made it very clear to BOD with our individual signed letters and holdings summary that the BoD will not be able to mass dilute because we would vote it down. They have several options and the informal creditor arrangement that they have opted to take is fine by me
This has meant cutting their costs and with Cu prices up 40/50cents a lb means profit and FCF will res
this I assume
https://www.theguardian.com/world/2022/nov/14/chinese-authorities-unveil-sweeping-measures-to-rescue-property-sector
Your takeaway has been delivered ?
well did not see that coming chinese.
re - reason for Copper rising last Friday
Another reason from - EYES ON CHINA -
"Dealers were also waiting to see if Chinese stocks could extend their big rally amid reports regulators have asked financial institutions to extend more support to stressed property developers.
The support for China's property sector, which consumes a vast amount of metals, boosted copper towards a five-month high."
Some reason for Copper moving higher.....
Protesters in Peru break into Hochschild mine, cause interruptions - Sat, 12th Nov 2022 23:55
LIMA, Nov 12 (Reuters) - Residents of an Andean community in Peru broke into Hochschild Mining Plc's Inmaculada gold and silver mine, the company said on Saturday, causing interruptions and putting the safety of its workers at risk.
London-listed Hochschild Mining said in a statement that residents of the Huancute community in the Ayacucho region on Friday night broke the metal fence to the mine and attacked the vehicles with stones.
While the incident interrupted the flow of internal operations at the mine, a company representative said it "did not paralyze production."
Reuters was unable to immediately contact leaders from the community for comment. Residents from the area last year demanded that the company close its mining operations - which it rejected.
Protests from poor communities against big mining companies are common in Peru. At times, these have led to temporary closures of operations in the world's second-largest copper producer.
Any idea when the suspension is likely to lift?
They all knew about the debt, about the losses, about the approaching D day (that some may argue they intended), about the likely shareholder reaction.
How do any of the current board stay in post even if the debt is sorted out?
No worries moon. I’m sorry you feel like that. I to will be adding when the suspension is lifted. I wish you all the best in your investment in rmm. Good luck.
Not gonna be Brian washed as before buddy. Was taken by light but not anymore. My time gonna shine whn my name come on that rns sooner or later but not now depend on few things.
I send you an invite moon, honestly. No beef. Me and know 0 got your back. You won’t get abuse on discord we're all friends trying to help each other out bro.
Moon bro there’s no pump and dump group on the discord, honestly. We all try to work as a team to try and do the best we can for each other to make money. That’s why we’re all here. I know you don’t like the group and not sure why? But your welcome to join with all of us. We’re private investors that can stick together to fight against stuck up bod s that think they have more power than us.
It not going to do anything buddy.. wiuodnof joined but with pumping crew there not going tto
For Aimtitan
https://discord.gg/zdpsYrME
What size you are holding doesn’t matter it’s the way you use it in the discord group that counts.
Know0
Fair point and I guess time will tell as to the outcome.
I had RMM as a significantly sized limit order at 3.2, I felt 3.2 was worth the risk in case of any significant dilution to pay off the debt.
I still expect there to be dilution, but I expect any negative effects on the share price will be neutralised if they announce it with a credible plan to profitability.
I expect to pay considerably more than 3.2 if there is a plan to profitability, but I don’t mind as it removes a considerable amount of risk.
But it must be stated, the way the board have allowed this situation to unfold is beyond incompetence.
There must be changes in governance.
Know I don’t like u that much u part of funny group but am by ur side for this first time ever. Sad u been taken away by light buddy
What did I say rmm in best situation ever
If it helps I own 0.4%
Stan. Not seen you post before so looked and this is your second post re RMM
What confuses you?
Take a look at my posting history to see my position.
BOD have been cr@p. TB should be replaced as CEO
There will be no mass dilution.
NewGen is a done deal
Anyone that thinks RMM is bust or that NewGen can take the mine is totally misinformed and should be green boxed just for making such a comment as they are clueless.
All pretty simple. Who cares about it being suspended at this price?
With Cu at $4 and likely rise over next 3 mths, and savings being made in BV this is still going to achieve what we all spoke about 2 years but 2 years later than it should’ve.
Still holding 1.3M shares and not worried about next move because we as a group have already told BOD that we have over 25% so don’t even think about asking for major dilution. They’ve got the 10% we’ve allowed them. That’s it.
Good luck all
Maybe time to hedge a percentage?