Member Info for 4theLongterm

22p with a spike of 29p

All looks a bit worrying, also concerned that drop does not reflect wider market. Appreciate that the share may have more exposure to recent Covid concerns than some but wondering what else is driving this drop.

With the superb opportunity highlighted in the RNS and the early closing of the PrimaryBid offer I think that there will be quite a few investors who missed the 11p offer and will be prepared to pay a few pence more to get onboard.

14p is my forecast

Any views on tomorrows opening SP?

Agreed you do need to add the gold & silver on top, my calcs are I think conservative.

I have also added on the dip today.

Based on the financial reports cost to produce tonne of copper is $3.01 x 2240 = $6742
Excluding the hedge agreement the current market price is $9,450 per tonne therefore profit per tonne is $2,708
If we achieve a reasonable target of 800 saleable tonnes pm then (800*12*$2,708) = annual profit $26m
Mcap at a conservative 10 x profit would be $260m it is currently c $70m

This assumes that the production cost per tonne includes overheads e.g. admin costs, if it is doesn't would need to reduce the profit by a couple of $m pa, but in short these numbers suggest there is opportunity for SP growth. Obviously still with risk around commodity prices / production outputs / management.

Any ideas on the welcome SP increase this morning, possibly linked to the results next week?

A flurry of trades and some sharp SP movements, does anyone have a view on drivers? I can't see any news that is behind this sudden activity.

A good increase (c 5%) on relatively low volume , is there some good news leaking ahead of the results......

I agree with sentiment that this share has potential and I am holding with an expectation of it rising in the near term as the management team continue to deliver transformation. I must however say that the constant reference to a H1 2021 profit of $0.4m is I think incorrect, this is before admin. costs, H1 had an operating loss of $1.5m and the loss before tax was $1.3m.

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.