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Hi Ant .....
Read your post imagining Al Murray in full Landlord attrite. Lager in one hand, sweat pouring off his brow and at full tilt.....
"Investment Bankers, MnA specialists and Bankers".....
'This company is in so much trouble"!!!
Sometimes you do crack me up mate. You do have to smile occasionally in amongst the mud slinging...
Gla...!
Inspi - You won’t convince them!
The pub landlord, the chicken feader and the cobblers are way more experienced than any Investment Banker, M&A specialist and Corporate lawyers.
But that’s what you get on an open forum like this (Twitter for stocks)
I shared my personal holdings with LTH on discord showing 1.06m shares and the rest are in kids ISAs and their investment accounts.
I’ve bought that past week averaging up
We will all make money from here. BUT beware of what could be the meaning for the dilution.
That’s it. GLA
We are different persons, I can assure you, my phone is verified in the discord group -Know0 is in Canada (if i got it right), I live in Paris. I would rather note that people, who have some relevant expertise agree on this particular point.
the way things are going here. rmm need placing for their rns at this rate if people are worried about them watering down shares. but debt is also reduced. I go with debt to be honest. less debt long term better it is. also debt is postive aswell. learn both way of coin buddy
also when they first announced the watering down stock most on here were happy u even pointed out not much difference. now u voting no. save company money as many said rns cost money here. could add to rmm debt soon they need more funding because of rns .
It amazes me, how some here are attacking Know0, who is legitimately and professionaly defending their interests at the right point in time. Not the first time in history though ..
what make me laugh is that know is worried about dilution maybe is it because u wanna make quick buck ?.. also if so much invested why don't u offer them money like myself. as you have stated you have been in talks with them most of time. also said if I rember going down to mine. why not just get drone check it out buddy ?... personally u can join me at moon HQ u could be visible asset.
I agree Mates...
As an investor in HZM also, and with their recent funding deal conclusion issues.... am all too aware and concerned by dilution and its impact for sure.
So I think it's a perfectly rational discussion topic on a BB. However, as this share is very much one traded by all sorts - due to its current n ongoing for now up/down volatility....
I do personally take with a large pinch of salt the constant pressing of agendas here.
My fairly smple view is that if you choose to invest mid term and build a position (as I do/have). That's an approach that should bring results. If you wanna day trade it's ups and downs while the funding was being clarified, and now the technical improvement updates are awaited. That's fine too....
It's got room for both methods clearly.
What I dislike is the flip flop types who talk their book as it suits them both ways.
I dislike that most on all my AIM shares. So try and ignore them.
Each to their own investing method though... Just don't try and ram it down my throat as it suits you!
Cheers.
I get peoples opinions which they should be able to (and I am glad they do) discuss. But constantly harping on about it for 7 days, not letting it leave the front page of the comment section does make me wonder the underlying incentives.
@BillB: I'm not sure why you're creating a post to tell me that. Let me quote the part of my post in the other thread that you did not read.
"there were very good reasons for the amount of dilution this year"
DJ - now you are putting words in my moth that I didnt say!
Where did I say its pointless making a one man stand ? I am voting against for the reasons Ive told Tim & Eason directly
The vote will pass because of the "close shareholders" inc Brad Mills companies - thats almost fact.
As for "They announced they were raising the money by debt for the development of the mine and subsequently decided to take 5 million in equity "
No That is definitely NOT what happened - they issued an RNS SAYING they had completed the deal in debt (if you have ever been involved with the level of scrutiny to issue an RNS then you would understand this point)
They then chose to issue $5M in additional equity rather than take (cheap) debt - THIS is what they have to answer to
Bury your head if you want, BUT any business that can take $5M debt would take it over issuing new equity - THIS is VERY peculiar - and they wont say why but want us to vote for it
Hence the red flags and my deep concern about what could be around the corner
But DYOR and the sooner the SP rises to my first trim the better
DJ - read these above -
Oiltap posted "I have prepared several NPV calculations previously using an appropriate discount rate and am more that happy with my projections and valuation. Sounds like you bought in at a high SP. DYOR. LOL."
and you replied
"Oiltap , exactly ! My overall average has moved from 32P to 28P
He’s basing his calculations on a higher SP
Most people invested 20-33P here and are happy with progress ,
I get the SP needs to be ultimately higher and new targets need to be set , but if the SP goes to £1 we are all doing very well from this level and that for me is easily achievable."
There is absolutely no correlation from your response to Oiltaps statement
To make it easy for you - Oiltap was posting about "egg"s and you were answering about "ships"
But you had to respond! Nothing about what was said, but you had to respond !!
{head shaking}!
"And nobody will know my holding this time , but how do you know I don’t have a substantial holding again :-) "
Because you bang on about it almost every other day !
I dont give a flying f how many you hold so the "big reveal" at a quid is for you.
I wont still be holding all of my current holding at a quid because I will be selling part of it down next year for my house build - but when a load of people were crying its gonna fail / they wont get funding etc (you inc) cr@p at 20p I was adding
Why? Because the opportunity in the ground in this copper bull rush, and all old debt gone, then any decent businessman couldnt f up the profits for the next few years
What they can do however, is shaft the PIs
Hence my concern - not of what the mines will do - what the controlling shareholders may scheme to do
Look at my posts! I added 75k at below 20p over 100k under 22p
I'm sitting on more profit on RMM than most here have invested!
DJ - you are no longer a large investor - you commented when I posted that I have bought 75K between 18-22p and I kept adding - oh and BTW, Ive traded this for a year also so my avg has gone up where ive sold at 43p and bought back in 30s
You all vote as you see fit - I am saying why I am voting NO - and Ive been messaged by Corporate Lawyers and Private Equity deal makers saying they are voting NO also
Seems like the professionals who work in deals understand the risk of what RMM BoD are doing are the worried ones about what is behind this secrecy and the pub landlord and chicken breeders arent - well go figure!
Oiltap - thanks for that, but you are answering my question to Humble Pie.
But as you answered it - good luck with NPV calcs!
Based on my calcs
(1p/35p*100)= 2.857%
So £13,000/2.857*100=£455k (plus or minus a bit of tolerance with rounding of shareprice and % etc)
Or simply 13k / shares in issue will do it ! - Basic GCSE Maths!
would love to see your DCF for RMM based upon cost of money and expected profits for next 10 years - or what we call valuing a company!
DUFUS
Please DYOR guys
Humble Pie
You need to read again who made comments about "and comparing the shares in issue in Jan prior to the known fund raise"
I will accept your apology for putting words in my mouth that never came from them.
Enjoy your bed
discord group at it again banning each other kicking each other at moon Squad HQ WE Know facts. from fairytales open spaces at Moon HQ. for company to take down their debt its good
My pleasure Know0
You say you know how the market works yet talkilvrubbish about requiring capital and comparing the shares in issue in Jan prior to the known fund raise. Plus you've been talking about low free float 'reducing' volatility.
Listing and delisting and law I'm afraid doesn't qualify you for knowing how a market works. Nice rub of your ego there though.
You know 0, know0.
I suspect you're not only full of yourself, you're full of shiite too.
DUFUS
Night
Humble Pie - that is approx my holding and as an accountant that has worked in M&A for 20 years taking a NASDAQ company private and multiple sales and acquisitions of all sorts I have a track record of knowing "how markets work" and of how company law works.
But thanks for your concern
Know0 - if 1p change in share price fluctuates your position by 13k, then youre basically your saying you have £450+k in RM
Based on my calcs
(1p/35p*100)= 2.857%
So £13,000/2.857*100=£455k (plus or minus a bit of tolerance with rounding of shareprice and % etc)
That's a lot considering you're a dufus and have no clue how the market works. Your posts are naive and demonstrate idiocy.
RMM clearly have needed cash to turnaround you can't complain about the dilution across the whole year.
When you eventually do lose all of your money investing I hope it's not with RMM.
There's plenty of differing views on the Discord. One of them being mine. I like a healthy debate and people questioning my reasoning for investing. We may not agree on price, BoD communications etc but at least there's reasoning behind everyone view point.
No Echo Chamber - there are several that disagree with each other and good debate
Xenor - If there had been no dilution this year we would have an SP of zero and a m/cap of nowt! Is that what you would prefer? And Know0 - Every Co. has leeway to dilute. It's sound management. You are stuck on the discord group all day in an echo chamber, with people agreeing with you or getting banned! This crusade you're on is silly. If the resolutions got voted down the SP would be decimated. If you don't trust the board, sell. I wouldn't stay in a company if I didn't trust the BOD.