I mentioned it, and the company's name is Anaconda mining, havent released anything yet regarding Covid, someone on another forum pointed our that an RMM office in town is next to the care home that has the Covid cases. So being prudent and professional is what you would expect from a responsible company that employs a lot of workers from the town... I am not concerned, nor worried, with no intentions of selling any shares, but may add on any dip. Have a great day all.
Wellcome new account holder... nice first post here MatesRates lol
Looks like an error across the board for LSE and showing trades.... am sure it will get resolved at some point... have a great afternoon and long weekend all
Afternoon all, Cornish please correct me if wrong, but I believe that the actual extraction from the stope / mine face is a four part process, and therefore having a minimum of four means that there is always one in production (continual extraction of Ore to the surface) , therefore having 6 to 7 is mitigation for future events such as a stope collapse.
Also consider that going from only 1 stope ( in Q1 and part Q2) to say 4 during Q3 is going to increase production by that multiple and probably hence Toby's confidence in clearing the hedge at the beginning of Q4.
Happy to be corrected if i have explained this incorectly... have a great day all.
Bump...
Hi Spero, I was on the investors call and confirm that this was stated by Toby Bradbury......
I found the call to be very professional, informative, open and honest by a motivated team and driven to succeed by an experienced board. Imo RRM look in a great position to deliver on its production promises and in so doing clearing the hedge, 2022 is going to be amazing. Shorters imo are going to get burnt. Have a great weekend all LTH's.
Sorry meant Helpme..... :-)
All the best hepme and take care.
Current SP only matter's if your looking to buy or have to sell.... For all the LTH's i suggest that you enjoy the nice weather and leave the day traders, derampers, shorters and trolls talking to each other on this BB..... and imo look back in when we hopefully see further updates on the recovery plan and potential JV on LD/WB..... have a great day all.
A lot of us are still here and invested, but as others have said there isnt much to talk about at present, and I havent had the inclination / desire to converse with Trolls and their negative posts... gla and have a great day..
@GenX... totally agree and a few of us are also on a closed Discord group if your interested.
IMO the current and short term share price only matters if you want to buy or need to sell. Its as simple as that..
Have a great day all LTH's
@Invest.... I would echo your view.
For each of us, its a simple case of evaluating Risk v Reward, along side timeframes, if your more risk adverse and looking for a swift return, then RMM today is probably not a share to own.
Tbh we all should know the risks of holding AIM shares, they are predominantly in the Wild West of investments, and being in the mining sector carries its own risk.
But the potential rewards are also bigger compared to a Footsie Blue Chip, so its again about making a decision based on your Investment criteria, the research you do and understanding the true worth (mid to long term) of a company.
I understand the risks, have done the research of the company, sector, mid to long term outlook, overall fundamentals and concluded that the mid to long term rewards are worth the shorter term risks.
Have a great day all..
I havent checked his holding recently, but with the consolidation your need to divide by 100 so 210k....
Perhaps we just need those mining bees to get on with the rebuilding of the hive... and there'll be honey a plenty next year DJ....
If it helps, for me IG is providing quotes for 150 to 200k shares at around 31.40p.....
I added at 30.875 crazy price imo.... buy the fear as they say..
To be honest and imo the company generally are in pretty good shape, not debt ridden like many and yes although they have stated that short term funding is needed they havent then rushed to sort it out, so cashflow must be ok....
And remember they are producing again after the mine collapse and therefore generating income.....
In the 2020 (year end) that is..