The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Thanks everyone ...at least it's not impossible.. I will hold this till end of 2024 and probably buy some more (even in 40s 50s ) if I have some more funds available .hopefully rmm will bring luck for all of us and for old investors who bought @high average .....from expert forecast we can see copper not gonna coming down at least under $4.1/lb any time near future(could be over $5/lb soon) ......Dr TB will turn the tide soon ......best wishes to all..
@FTSE, you hold 315,000 * 26p = £81,900. The SP need to reach £3.17 per share to make you a millionaire so approx 12 times from your average of 26p. Can this happen? I think it is possible but few things below at a high level (without going into all the financial calculations) need to go our/RMM way
1. 1st scenario: is where copper price stays at the current levels or climbs even higher in the next few years and RMM turns around Ming mine and starts to make handsome profits and brings online at least one of their existing mine they own.
2. 2nd scenario: is where copper price price stays at the current levels or climbs even higher in the next few years and RMM turns around Ming mine and and starts to make handsome profits and brings online both their mines they own.
3. 3rd scenario: building on the 2nd scenario, RMM gets a takeover offer.
Dr. Bradbury was appointed CEO on 1st June 2020. Let's assume his tenure will be for another 4 years. Under his tenure, let's assume he can bring to life 2nd scenario above.
I would say if you don't need to use your invested funds in RMM in the next 5 years then that gives you the best chance of having a million in your bank :)
so an mcap of £413M required there I think ftse. Currently £29M - mmmmm. Not sure, 2024 earliest ? GLA
Around 26p
what is your average FTSEinvestor please? I will be able to answer your question based on my calculation.
Great question. It took Boohoo about 5 years to make the multi-bagger returns you would need based on todays RMM price. There are two questions before when.
1. Can it happen? Yes IMO, if the SP returns to the price they were at August 2018, your shares will be worth 1M
2. Will it happen? We all need a better crystal ball for that one. The BOD seem to be heading in the right direction, but with mines there is always great risk as well as sometimes great reward. As well as BOD making things happen, it would need quite a bit of luck.
With 70K in Boohoo in 2015 most would not have kept them all until the peak in 2020. Those that did and sold at the peak would have had their 1M. To hold on to shares when the SP drops 40% or more in a week takes a lot of belief. Anyone who did that with RMM in previous years would probably regret it.
I have 315000 rmm shares now ,when do people think I am going to be a millionaire...2023..2024..2025...?