I’m expecting an update in early Feb. We’ll know then the direction of travel but with metal prices as they are and the company debt free it’s hard to see a downside Just need the additional shares to recycle.
Goldman is particularly bullish on copper with a 12-month target of $9,500 per tonne even after its turbo-charged rally from the March 2020 lows of $4,371 to a current $7,935.
For those with wider mining and commodities interest maybe take a look at Rambler Mining. Refinanced, debt free with Proposed ramp up in production. Low market cap.
bsg I get that regards the potential exit next year regards the placed shares, these will be orderly and after the lock-in. Trying to second guess the short term SP is for traders only. What do you make of the fundamentals? The market cap, the copper market and the production rates proposed by the company.... which is effectively debt free?
I’m not interested in the daily vagaries of the SP...
Rambler's focus is to regain its production profile at 1,350 metric tonnes per day at 2% Cu in the course of 2021 and evaluate expansion opportunities from that base. Along with the Ming Mine, Rambler also owns 100 per cent of former producing Little Deer / Whales Back and Ming West copper mines.
Yes was in EUA at 3p and bailed at 38p Deal due anytime but when, who knows. In here at 0.26p and optimistic on a few bags over the medium term. GL with your investment
RE: MM's trying to fill a large buy ?21 Dec 2020 13:53
Aba Truth is I don’t know. The daily SP fluctuations are so hard to predict therefore I don’t get too involved . More for the traders. What I do think is this company is undervalued and will, given time, rerate much higher.
RE: Sale or no sale? That is the question.21 Dec 2020 10:52
HappyScot, Good luck with your investment. You’re one of only a few with ‘balance’ Yes of course this could go for higher, this must be one of the hardest company’s on AIM to value, as demonstrated by the lengthy and no doubt expensive FSP. This is a unique situation. Half the clowns on here haven’t a clue. Remember that interview when DS was benchmarking EUA with its peers... remember the values.... might be a clue there...
RE: Sale or no sale? That is the question.21 Dec 2020 10:46
Cheers dealer Happy Xmas to you and your family. Correct, only here on the down days, like when the SP was 1-3p. Lol Hope your paranoia improves in 2021. GL with your investment.