Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It is all happening today......
Hopefully with the higher oil price and our increased production we will see an operating profit in H2 and possibly in 2021 as a whole (H1 2021 operating loss $1.5m). Although the major financial benefit from all the activity in 2021 will be seen in 2022 if the oil price doesn't tumble.
Agee a really positive RNS on the products potential, but I would have preferred an update on development and whether the Q4 2021 completion will be achieved or as expected will this slip into Q1 2022.
If we can formally secure the longer term funding & also fully clear the hedge early in Q4 so as to benefit from the higher commodity prices, I believe that this will move to a trading range of 30p to 40p in the near term.
Would be good to see Martin buy a few shares to show his confidence in the business, he has a tiny holding currently according to the records I can see.
Well clearly it is going to go to the wire again.........
A big 10 days ahead for RMM, if they can wrap up the financing (hopefully before the last day) this will settle the nerves and hopefully the focus can shift to operational performance.
Agree, they clearly have huge confidence that the SP will grow
Some recent good volume & large trades, wondering if it is purely down to last weeks update or other moves underway.
Thanks for the clarification, nothing is ever simple.
Does anyone know if our technology creates Green or Blue Hydrogen, I assume it is Blue given the need to burn rubber / plastic to generate but wanted to confirm
Agree there has been far to many false dawns on this share related to funding, I hope that this will be it and we can look forward to announcements regarding a working machine in the next 4 months.
Keep eating those curries
I was surprised a little by the level of funding that was deemed as required to see them through to building that all important first machine, but given the support from investors and the subscription price then the story / update the accompanied the placing must be a good one. Lets hope they invest the funds wisely once they are approved.
Starting to see some volume through OTC with 15000 so far today
This is a further 7 days later than last year, which was already quite a long time after the period closed. Hoping they are expecting some more positive news soon and they want to ensure is reported within or around the results announcement
Kiss of death, no further trades since my post re. good early volume.....
Hopefully it wasn't the curry; good early morning volume compared to recent history. Only 5 mths remaining in 2021 for them to meet their promise of completing the first operational machine so perhaps news on the horizon.
To me this all looks very positive and a progressive step towards breakeven and hopefully finally profits, particularly like the cash position of $47m at year end that should hopefully remove the need for another cash call. This should all help drive the price back up to 12p in the short term IMO.
Yep good point, will be interesting to see what it does on its debut on Wednesday
Either the market is catching up with all the good news recently released or something bigger is going on in the background. Any ideas?