Member Info for andmillsy

Gold on a rip above $1800. All good for RMM

Backspace - Think I'll follow Sam posts to take the counter position ! Top tip. Thanks

If you want some light hearted entertainment take a look at the VAST board (I don't hold but sold a few weeks ago) there is a tsunami of nonsense following the consolidation which completed today. Hopefully our dialogue post consolidation will be of better quality !

Back to 56.6 to buy I was too slow :(

Did a bit of a search for delays in lab assay results in NSW and got this from Feb but I imagine it is still the case
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2821-cse/aucu/92305-inflection-resources-provides-drilling-update-from-northern-new-south-wales.html
"Assay results have been significantly delayed over the past few months by a resurgence of exploration activity across Australia and in particular in the Lachlan Fold Belt of NSW. "

I also found this quote interesting from a Canadian source https://resourcemaven.ca/blog/why-so-slow-labs
"But even once the numbers are in hand, companies have to figure out how to announce them with clarity and impact. One hole at a time or wait until several holes testing a particular target are available? What if the labs given them partial results from a few holes? What about one results from each of three zones, with the other holes from each zone still pending?
There are no right answers to these questions because it depends entirely on the project and the results. I just want to point out that it’s not as straightforward as: Get results, Release results."

Other news hits on this topic gave "Assay results from Gateway Mining's (GML) wholly owned Gidgee Gold Project in Western Australia are stuck in an industry-wide assay laboratory capacity shortage"

I have every confidence in RMM to deliver shareholder value because it is the right business, with the right assets, in the right jurisdiction, at the right time with the management team who can make it happen and who have strong incentives to deliver.
The market cap for this business appears to be at a surprisingly low valuation level based on the calculations posted by many knowledgeable posters and these numbers together with their assumptions can be easily assessed.
The drop today doesn't surprise me because this is AIM. It has led to a more attractive opportunity to increase my holding with funds available tomorrow. I can only hope, knowing AIM, that there may be a shake tomorrow, further preying on insecurities, anyone with stop loss beware.
I often follow the strategy on selling half on a first bag but I haven't this time.

Thanks for the invite just joined. Your definition of sensible may be different to mine based on tonight's discussion on rattan furniture :)
Very entertaining !

Very interesting article thanks for sharing

Hi Newton, Assuming your question is about selling production of copper or gold to consumers then I suggest you look at one of the producers for copper RMM on LSE and a chap who posts there called cornishknocker - resident expert. In summary a proportion of the anticipated production is forward sold at an agreed contract rate and the rest I understand is at spot.
I hope he doesn't mind my posting some of his recent comments on RMM :
"We have approximately 50% of this years production hedged at 3.495 ($7700/t). Since the hedge the price has been rising to $10,000 (as a result we are effectively getting $8900 per tonne) currently and looking to continue. If we get to $12,000 per tonne this year, we will be receiving $9950 per tonne - we will be selling more in the 2nd half than the first half of the year, so my estimate is pricing in higher prices - I could be wrong.
We will more than likely hedge again, as its a risk management strategy, if we hedged today, I think we would be looking at a hedge price of $9500."
If your question is about selling the asset in the ground then I can't really make any suggestions but there have been lengthy discussions on this topic on the XTR board and I am sure many other explorers boards
None of this intended as a cross ramp, although I do hold both mentioned, just trying to give some leads to help you get any idea.

Yes Steve your probably right that the assays are imminent ;)

Thanks for sharing that Steve I'm in both but feel more tempted to do the opposite however sitting tight.

I'm very bullish on copper and seems it can really only go in one direction. Of course there may be some blips along the way - report from Bloomberg indicating some of the demand side stresses with the high price - might cause a bit of a pullback but I imagine short term and only to be expected on recent high. Bloomberg I think let you view one article for free
https://www.bloomberg.com/news/articles/2021-04-30/copper-s-surge-toward-a-record-high-hitting-chinese-industry?utm_medium=social&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_source=twitter&utm_content=business

I'm very bullish on copper and seems it can really only go in one direction. Of course there may be some blips along the way - report from Bloomberg indicating some of the demand side stresses with the high price - might cause a bit of a pullback but I imagine short term and only to be expected on recent high. Bloomberg I think let you view one article for free
https://www.bloomberg.com/news/articles/2021-04-30/copper-s-surge-toward-a-record-high-hitting-chinese-industry?utm_medium=social&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_source=twitter&utm_content=business

I'm very bullish on copper and seems it can really only go in one direction. Of course there may be some blips along the way - report from Bloomberg indicating some of the demand side stresses with the high price - might cause a bit of a pullback but I imagine short term and only to be expected on recent high. Bloomberg I think let you view one article for free
https://www.bloomberg.com/news/articles/2021-04-30/copper-s-surge-toward-a-record-high-hitting-chinese-industry?utm_medium=social&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_source=twitter&utm_content=business

So at todays share price c0.6p each (new) share would become 60p. If they could do that without reducing my number of shares as well it sounds like an absoloutely smashing idea :)

Well this is a bit of a wild exciting ride !
I took a few more in the flash sale.
CE I eat my words about rare buying opps ... :)

CE Not intended to come as a ramp. My view was based on likely future buy opps not historic. I understand your point however and apologies.

I just got some more at .32p which imho was good top up opportunity. Moving quite dynamically though

Thanks Rajbury - spread was 10% earlier.

Bit of price consolidation (healthy) - could be rare top up opportunity - trying to time this right unlike my usual attempts :)