Firering Strategic Minerals: From explorer to producer. Watch the video here.
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States needs copper above $4.00 to be viable. That’s a problem
SteamS
No it does not, it clearly states the mine is generating free cash flow but not enough to pay back its debt repayments as they stand now, this is why they are seeking a re-organisation.
The RNS seems to be a promotion to others suggesting what a great opportunity RMM is to a prospective acquirer.
There is significant value here if only they can re-organise their relatively small debt.
Multi
‘Not correct they make decent profit at this copper level ‘
Really??
You cannot ignore all the non-operational costs.
Even if they kick Newgen down the road (at an overall greater cost to RMM)and get more equity they are not profitable
The c1/c3 costs are very high though. They need to be at least halved tbh.
They are not making profit, as a company.
You can't isolate the operational cost from the rest of the business, hence why the price is so supressed.
The cost to mine doesn't include so many other costs that the company have, you can't just focus on the price to mine. The debt, capital investment, exploration, development and so on
The results today were where I expected. Probably at the higher end. That's good.
Clearly Tim is trying to do his job when he refers to the value of the company, he has to; but given the backdrop of their financial status on no current resolution the mcap is clearly heavily discounted for good reason.
At this stage the investment case in RMM is for someone who IS prepared to lose their capital investment. However it's also a case that if as an investor you are prepared to lose this capital, the returns can be significant.
Tim doesn't seem to state anything about the dilution in the context of his comments of the valuation. It come across as a little bit of an arrogant RNS to me.
It feels he just bangs the drum RMM are undervalued, without addressing or acknowledging the causes and elephants in the room that any investor will want to know. He will be constrained as to what can be said, but he should be saying more.
Atb
Know 0 buddy time u come away from ur hide out let’s do bussiness as u say
Moon. I’m not hiding.
Happy to chat or meet bro.
You know how to get hold of me. Just DM me and we will talk.
Dm u In secret group buddy then dump on our honest brave man and women in this greasiest country. Moon hq protect investor just like sec
I genuinely fear for anyone who takes the gibberish moon spouts seriously or heaven forbid takes his finical advice