Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"Just see from market". See what? I asked two specific questions about comments you posted and the market doesn't answer either of them. Show some cojones and back up what you claimed about the 290 million. As for the 6000 tonnes, you simply lied about having posted that before so I'll ignore it.
Top I don’t need provide anything just see from market. Buddy. All u laugh at me that covid don’t have effect it does petrol copper crashing resscion. What was I told by the dream team resscion great for investment well don’t seem to be case. Two factors prices increasing day by day and copper crashing if rmm need bad well 15 next stop. Would we have placing an sure we will do
Excuse the last post. Moon, I asked you to support your assertion that we need to spend 290 million.......nothing. I asked you to provide evidence that you had continually told us that we would produce 6000 tonnes in 2022.....nothing. You predict up, down and sideways and then want credit when one of these is right. Toby has been 'the man' and then he's completely incompetent. Post whatever you like but show some consistency and try not to 'misremember' so often.
What I asked for Moon was something to back up your words. I have challenged you to a
What did every one tell me stop posting.nonsense resscion don’t effort rmm inflation don’t covid don’t war don’t guess what it does it just start. If tb says bad news down we go. We hanging on cliff edge of hope
Moon, what sort of hedge would he get when copper has already corrected by 25% and still hasn't found a base. I'll help you. It wouldn't be for a good price, and no doubt they'd want a decent commitment. Thank god you're not responsible for any investment decisions other than your own. Secondly, we will still be making money with Cu at $3 providing we have a run-rate of +7ktn. I've provided workings so try to get your head around them before posting more mindless nonsense.
Multi, I agree the copper price is being driven by fear. But that's not to say we don't have further to fall. This recession is just beginning.
Finally, if we break 650tn we're going to be fine, and I'm quietly confident it will take us back to the mid to high 20's. The market is a bloodbath for the resource sector today, which is made worse for us by K2 still exiting. With a big production month and some positivity provided by mgt, we should see the end of them and be driven by buyers rather than a major seller. It would obviously help if copper can find a base around $3.50 over the next week as well. Let's see what tomorrow brings.
agreed, even with a 750 month, we'll be struggling to reach 23 I reckon unless we have a massive re-rate as well.
Forgot to say if copper goes to 3 then break even meaning rmm no profit with high prices. Meaning more placing. Tb need to mke sure we hedge now to save rmm ass
Look at that we broken 19 mark dwn we go from here. Who tell me shut up saying copper price dnt matter it does if rmm dnt get right numbers then 15 be next stop
Prob is we have took such a smashing on the SP even if the update is decent its not going to get us back into the 30s unless its a stonker which lets be honest we haven’t had one of those kind of updates in the last two yrs
I hold in hope thats how i feel at this moment in time
GL
I have thought about it but decided to tough it out. Copper price action is a shocker, and sod’s law it happens just as the mine appears to be getting into shape, but you have to think that copper will recover.
Need a good production number to drop which I think it is highly likely.
It's certainly painful to watch Zappy, but you have to consider that production above 600tn will deliver one of the best months in the history of the company, if not the best. Unfortunately the Cu price plus K2 are killing us. We need +600tn, and ideally +650tn to stop the rot. It should hopefully be enough to generate +5m shares trading hands over a few days and rid us of K2 as well.
K2 are clearly still selling, and unlike some on here I think there's probably a good 1m still to go. But once they're finally out we should have predominantly buying pressure. There's been very few shares changing hands below 22p, which is why it has been so hard to get rid of K2. And I'd say at least half of the buys at this level are PIs lowering their average, like me (I picked up another 350k below 25p). This means less shares being flipped for a small profit given most averages are in the high 20s or more, and most of these holders have a longer-term outlook. This is my theory on why the bounce should be quite decent if the production numbers are above 600tn. I'm hoping a return to the high 20's even in this macro outlook.
Having said that the macro isn't great, however I don't see Cu dropping much further. Main thing is if we're churning out +600tn of production everything will be fine even with a Cu price between $3-3.50. We just need the company to deliver, and ideally over-deliver. I'll be very hacked off if we get another 500tn month accompanied by some excuse.
I am thinking of adding at the first possible opportunity. Giving my shares for free to the MMs - no, thank you.
Anybody else thinking about cutting thier loss' here?
Acutally to fact is brain washed ppl here agree petrol price do effect is copper price does aswell. Ooo Canada only 2.8 percent really we small if rmm dnt do 600 well dwn we go
3G.......the thing that makes me doubt your credibility is the fact that you respond to Moonie......
What was the point of your 9:38 to moon man?....
You only give him credibility...
Thansk G_G_G. The only number I think have a slight difference with you is on development which I think will be nearer $10m, but so be it! On another BB, someone just posted an excellent clip of Robert Friedland, CEO and founder of Ivanhoe Mining talking about mining in Saudi Arabia, and future copper demand. Now I know he is one of the world's greatest salespeople, but as you know he's also incredibly successful; and while the presentation was given just pre the Russian invasion of Ukraine when the world looked different place, the long-term numbers for future copper demand are simply stunning, so I have posted below. Well worth watching the first half.
https://www.youtube.com/watch?v=XHd-F39QDOc&t=2767s
Agree with a lot of what you've said Diamond, except I think anything above 600tn is good. Anything above 650tn should be seen as f@cking brilliant as it means we're on a 8ktn forward 12 months trajectory. Plus we're still in with a chance of hitting 7ktn for the year. Agree with your point on costs, but I think it's safe to say if they can get near 7ktn for the year we should be turning over profit. Workings below:
- AISC $2.50 (estimated from Production profile / AISC history)
- Cu price = $3.75 average for the year
- 7ktn x 2200 x $1.25 (margin) = $19.25m.
- Add another $1m for gold credits
Now if we minus an extra $5m for petrol. And another $5m for loan repayments and 'other', and another $5 for development. So we're looking at $5m fcf. Not enough to pay for the ore sorter, but certainly enough to arrange the loan and get it in place. Our vastly improved production / cost profile then allows us to make more fcf even in a Cu price environment closer to say $3. Very loose workings but hopefully one can see we're going to be fine on 7ktn (8ktn forward 12 months). But yes, I agree some numbers and forecasting from mgt is def. needed to bring in the investors sitting on the sidelines. They will of course need to buy in the 30's, but will have the security that comes with waiting. He who dares wins though right :)
Of course they don't Moon you f@cking doughnut. Now go and play with your other genius friends on the EUA board, and Litecoin fan club. You are seriously the only thing that makes me doubt my investment here. Not because of your constant unintelligible ramblings, but because I judge the quality of my investment decisions by the quality of PIs I find on an investment board. Unfortunately you are the most id!iotic, f@ckt@rd I've encountered on any board in my investing lifetime, which in turn makes me wonder whether my money should be here. Your investment in crypto and EUA pretty much sum you up. Now please f@ck off before you make any other PIs question whether they should be here.
G_G_G, I completely agree, and given the 9th (when they released the last two monthly set of numbers) is Saturday, we may have to wait until late Friday or even next Monday. Maybe I am missing something, but it seems to take RMM a long-time to tally up the tonnes produced in one month... not least given that in April they released the figures for March on the 5th April. That creates a problem slightly (even if not intentionally) of the company's own making. Now if they release the production figures earlier, and they are good, you could be forgiven for thinking that when they have good things to say they rush them out... and vice versa.. not ideal. Unless I misread the director purchases, this is going to be a bumper month (I'm now thinking under 650t is very bad, plus 700t is very good), and it needs to be good to get investors to believe that the 7,000t guidance will be met... as the average monthly production required creeps ever higher. I'm a LTH but still don't see a rerate until we have production +700t for 2/3 months AND visibility on total costs going forward - everything we currently know about costs is either hearsay, taken from general management commentary or based on historic numbers; the company now has a higher No of employees and much higher fuel costs. Certainty in this market is very important.
https://www.actionforex.com/action-insight/oil-n-gold/361842-longer-term-demand-supply-outlook-remains-supportive-of-copper-strength/attachment/copper-production/ Look that Canada only 2.8 percent to supply for copper. Nothing compared to chile other country. Rmm don’t make any difference to market
Doubt it. Reckon Thursday is the earliest we can expect the numbers. Awfully quiet for a run-up period to possible the start of a transformation here. I hope mgt are taking note of this as it means they need to get out there and PR the results if they're worth singing about. They better bl@@dy deliver as well. The only surprise this tie needs to be to the upside, as Cu is definitely against us. Another excuse for getting nowhere near their targets will go down like a lead balloon in this environment.
Quite possible…