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Have you seen what has happened on the wider market today?
Ah, of course, Zak Mir, the Mystic Meg of share-price forecasting - about as unreliable as a daily horoscope.
Ant: There may well have been people 'bigging up' Zak Mir but the issue surely is whether those now telling us to ignore him are the same ones who only recently praised him. If not, I can't see your point.
Absolutely St-tropez, key today was moving on from the resistance at 0.5p. Another great day for RMM, 5% to 8% increases a day to get the re-rate of the SP to 'true value' as opposed to 20% up one day and 15% down the next is much more preferable.
Ant: The level of recruitment speaks volumes for me. If they were lagging behind with their turnaround plan it would be an odd time to be taking on extra staff. Whether the market is getting a little ahead of itself only time will tell but I am expecting positive news when it comes.
So kind of 2.25 - 2.5p ish?
St Tropez, just checked the revenue, if we hit top of guidance its now $67 million this year.
One thing to factor in is that during a mining boom in Canada there is likely to be significant upward pressure on wages to attract people into the industry, which will see costs increase.
Neither am I
I’m not entirely certain you’ve got your sums right
What is the PE for a copper mine in this market? 8, maybe more?
If we are on track to make 10m this year then maybe .73
If we are on track to make 30m in 2022 then maybe £2?
If we are on track to make 45m in 2022 then maybe £3?
If it looks like we are on track for these kinds of figures then it will be priced in long before we get there. Is that fair?
market is awake not yet. i seen it with safemoon we slowly getting their. when it does rmm will go crazy
Is fair value right around 2-3p? or quite a bit higher in everyone's opinion?
I would take 0.65 by Friday.
You think that 0.65/0.75 + today and 1p + by the end of this week?
Looks ready to push over 0.6 p now. Sellers flushed on each level. Excellent. Wouldn’t be surprised to see 1p by the end of the week
Hard to buy shares - negotiated transactions.
The No of sellers are decling on each tick up.
This is a good signal, sellers drying up, as new investors take stock.
Highest riser of the day on the cards?
The very same 10%’ers will buy back in at 00.60p, they never ever learn.
You see the same groups of folks selling at 00.56p form the FOMO group also, having to quickly buy back in, once the MM’s have swallowed their fill, and move forward to next level up 00.60p.
FOMO exists for a reason.
Inevitable pull back from 10%'ers but great little run this morning, lets hope it holds.
Get out that buggy whip....