Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Moonie we are NOT in the best situation ever. But In saying that, as with iconic labs, you want to start buying RMM when we open again. Your Idea of best situation ever Is the chance to buy here as cheap as you can as you did with iconic. 0h and 50mil in iconic is about 5k. not fiscal advice
it will happen as said many times we in best situlation ever. this is part that rmm will be in ftse 100. tb is man has done right thing at right time. not ficial advise
I'd prefer an outcome where I make money but we can't always get what we want I suppose... as always we will have to wait and see.
That part that need to happen. 100 million then rmm is sorted eltric fixed upgrade tpd upgrade power tool scope ore sortor
The asset is in a very good position, I fear we're going to be diluted into oblivion though.
I agree with you moonie , rmm in best position ever. Ermmm there suspended. 0h I know, your looking to buy some when it gets lifted. Just like you said about iconic labs
i never bought icon shares when 2p. i am talking about now. i had few before suspension. prem done amazing. next one is rmm. rmm in best situlation ever u just don't understand why. look at rmm how they are doing now amazing. just need abit more time. how can u expect company not to have problems if they never upgraded mine ever. 100 million they need it come
Where do people see sp by summer if copper stays over $4.10/lb or $9000+ /ton assuming we back trading by march/April?
Moon you gone to sleep again ? Please check your mental condition before next post.I think you don't own any share of rambler at all .All the time you were talking rubbish
Made me laugh out loud. Epic.
Moon, I usually ignore your posts, but I feel I need to remind you, that having 50 m in icon 'since last year' would be a bit difficult, icon were suspended in June 2021, last year was 2022, we are now in 2023. I know we are early ish 2023, but I would have thought even you would grasp the concept that when, as a global entity we spin for 24 hours from 31st Dec to the 1st Jan, we have then crossed into the next 365/6 cycle around our star, which means you add another number to the 365/6 day cycles around our star, since the birth of christ aka AD.
Hope this helps.
Everything Moon posts needs a health warning.
During a discussion on his "greatest ever time to be in RMM". I asked him several times how many he held & at what AVG.
The point was to understand if his comment is simply assuming a mass dilution. A price then of a penny odd (say)... Then yes, maybe that's a great time to buy. BUT... That type of scenario is totally hopeless to existing holders clearly!
Moon, as ever wouldn't comment explicitly on his current holding, saying he never divulges that.... So never thus clarifying for WHOM this is the greatest time ever for this share.
Having said also that he doesn't reveal how many shares he holds in his PF. We now though in contradiction ...have him bragging about what 50Million shares in ICON. So Zippo consistency....
Further even to the above. The point is that ICON were suspended for 18 months odd. They had a high before that in the past of 2p. They are now at 0.0145p if I read the data correctly ...
By my maths that's a Negative drop of over 99% ??
So yeah. Buying now (if there is a future there). May well be a great deal. But if you had his 50Million shares back at 2p, so had invested £1Million..... You would now be worth (in £s)....50,000,000 * .000145 = the princely sum of £7,250 !! Not so bright then for older holders to put it mildly ..!
The above makes it quite clear that "best time ever" totally depends on if you bought (in the case of ICON), and possibly RMM before or after any mass SP rerate post any un suspension....
Bottom line is Moon never clarifies for WHOM it's gonna be great.... When ramping, then deramping, now ramping again here, like at ICON.... It's all opaque, and I suspect deliberately so....
Ignore therefore, being my conclusion.
Moondog. You posted before on iconic labs while still in suspension that you only have 2 mil shares there. I wonder if Santa gave the rest while they were still in suspension
Moon as rmm will be I their best time ever ,when is the share price going to hit £1 ? Any wise guess from moon ?
i got 50 million share waiting for ride buddy been in there since last year hahah. same thing will happen to rmm
Lots and lots of traders over at iconic labs all looking for a quickie. Must be the best time ever for them
It's $25m and repayment is due ,in entirety, on default.
Assets in control of lender until loan is repaid.
Standard bridge lending terms.
would be same thing for rmm
I'm sure a good portion of that 15.5m is aged >90 days at this point... They're likely on a cash basis with all their suppliers (hence the milling downtime for parts, poor copper recovery (also parts and reagents), etc.). That 15.5m represents 3 months of REVENUE, not cash flow, at current production and metal prices which is a massive hurdle.
Moose - they dont have to clear $15.5M creditors - they have to bring old AP back within terms - there will always be creditors in a business as there will always be debtors - eg the copper delivered to port that hasn't been paid for yet (the 90%) plus also the 10% we get after ship has taken the inventory and its processed
Im sure you understand this because de rampers often do understand more but prey on the non financially understanding
DJ also understands lots about mining - however he doesnt have a clue about company valuations nor "insolvency" legislation or routes
GLA
Still not bothered here - still expect to make a decent return - DYOR
How can we be in the best position ever with this debt overhang moonie? I can't see much downside in the future with the copper price on the up, but I think it will be a while before we can claim that status.
Everyone don’t understand we about to be in best position in rmm history. Copper has saved them know 0 also know this and we not gone bust
Agree and sad really that they can’t let go.
The current Copper price is luckily helping the chances of a positive outcome but I would like to see more hedging to lock in a proportion, otherwise we are relying on still more luck as before.
I highly doubt that they’ll manage to clear $15.5m in payables (amount at end of H1) by March… probably have barely put a dent in it.
Wow, and here they are again, and they are at peace with their loss, really, your posts are so convincing.
Please tell everyone on here again what the price of copper is going to be in 2023, come on give us all another good laugh.
Once again they are not invested but out the goodness of their hearts they want to help everyone, yes all these total strangers with their vast knowledge of RMM.
You would of thought with them being so clever that they would of done some research prior to their investment, bit late now going through RMM history and advising everyone of how bad they have been in their opinion.
We shall all see soon enough, I personally think in my opinion good news in March will be the update all genuine LTH's are waiting for.
Copper price continuing to rise, RMM cutting monthly costs, all going in the right direction.