Rambler Share Price (RMM)

Multi, the only way we shift K2 is with +650tn next week. There's also no way they're down to their last 1m shares. Not a chance in my view. I'd say they have between 2m (minimum) and 3m (maximum). There simply hasn't been enough volume since the TR1, and there's little chance they were selling more than 1/3rd of shares in that time, let alone all of them. There's no need for us to get carried away with predicting their exit. It will happen eventually, and the quickest way for the to exit is on material news. I've been in a lot of stocks where this happens and it takes twice as long as people think. It's over to the bod to clear them out.

By my reckoning in the past year there has been about 4-5 weeks of +5m shares changing hands. I'd suggest that +650tn is going to deliver one of those weeks. And if so, we should see the back of them by the end of the week. I'd then expect the sp to rise into the next set of results two weeks later. Providing they can deliver 2 x +650tn months we will have cleared K2 and I'm quite confident be back on a fair value footing of £55-60m mcap (35-38p), which is over 50% from these crazy levels. If we get a bounce from copper during this time, and its holding above $4, we will def. be laughing in 6 weeks, and in a position to talk about the 40's. Copper looks to have bottomed, which is a good start. AIMHO GLA

https://www.kitco.com/news/2022-06-22/A-commodity-war-is-brewing-there-is-not-enough-copper-to-meet-growing-demand-Abrdn-s-Minter.html

Someone paid a premium f21.74p or a large buy 250K ..
ask is 21.50p
08:52:10 21.74p 250,000 54.35k

As I said high volume. K2 about to be gone. Copper rising. Production news soon. Bounce back begins now IMO.

Undoubtedly the final stages of K2. High volume day ahead in my view.