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Nonsense, you have been very quiet since your statement of facts. Was wondering where you stand on what you said. 7am Monday has come and gone.
Still holding a few here as feel there is more to come. But a free ride is not to be ignored. If you can get in under 1.8p. And you do well. Gla. Just thought I would share.
Where's your YOUTUBEer with 2240% rise on Monday or anyday.
this will never ever happen because its a bloddy loss making project.
copper Price has stagnated.
the next big multi bagger coming from Namibia
see my post and the reasoning
To offer an alternative view, I don't think the recent volumes and so called pump and dump have been a bad thing as this has grabbed the attention of people who probably didn't know Rambler. Some will stay for a while and if we get positive news on loan restructuring and the copper price continues to recover then RMM could be a great punt for those entering now - not without risk but potential gains much faster than investing in an explorer
Copper looking strong, be great to get above 3.50
No hard feelings MB
RMM I am pricing based on their assets more than anything. Not many functional low caps with reasonable revenue out there
The other one I found was trakm8 which is focusing on telematics in insurance. Given people work from home, pay as you go insurance is booming. Their revenue is £18m with a mcap of £9m with 80% of the stock owned by insiders. Private equity is binging on telematics companies because of work from home
Low cap metal miners are hard to find and early stage like RMM eventually pay of with patience
However that thesis changed during covid where it became inflation hedging, essentially picking metal miners given the tremendous rise in core metal prices
Nope my id has been the same
I bought and held from a couple of years back when copper prices were depressed. Kept averaging when ever there was a dip. I was invested on the bases of energy infrastructure tending towards nuclear and evs
Out of interest, given your post about how long you have been here, did you post under a different name previously? I see a post from 30 sep but other than that i have not seen your name in the 18 months before that.
At 52k?
Going concern statements are always naturally cautious (ex auditor) but all lenders are looking to derisk where they can. You'd think an operating copper mine with experienced a management would be an attractive proposition for any resource based lender but in the current climate everyone just wants to put cash in their mattress. I'm still keeping the faith though.
Rns 26 sep......
RMM are a loss making company hence because of the risk the dilution will be huge!!
'The Group's ability to continue operating in the normal course of business is dependent upon establishing sufficient operating cash flows from the Ming Mine, and to the extent required, through access to equity and debt markets. These factors together with the continued unpredictability of cost inflation and the copper prices indicate the existence of a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern'
Be ready boys
This will correct to 15-20 for sure!¡
Calm before the storm? Lot of bid rumours. Maybe nothing in it but few blue days.
I think I can see 12-15p by end of year at least (assuming good news and maybe some dilution).
It's funny how pretty much exactly a year ago we were in the same situation. It did drop then also, clearly not as much, but remember same doomer sentiment.
I am yes
Are you in JR?
I didn’t predict 12p, I was responding to someone else’s post explaining that I didn’t think 12p was possible today but 8/9p is possible bearing in mind 8p has already been paid today!
JR
Without news how do you see 12p?
Should do hopefully, depends on buying pressure and volume, can see 8/9p + finish, 12p would be even better though I agree!
Which is a core commodity used in infrastructure and electrification. Both areas governments invest in to grow out of a recession. Its like basic economics gosh.
Just look at all past recessions. Better still just go invest elsewhere you think those indicators are going to go up