Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just another small one at 0.6167p for 100k shares. GLA, Dan
So that I understand this correctly, has RMM just received ca.£5.25M from the forward sale? That is, they have over half their mcap in cash and can pay the monthly debt owed and continue with their cost saving strategy and more importantly readmit to trading with no dilution necessary ? GLA, Dan
considering this only went live at 12:30 (2pm if you are with HL lol) does it seem like there was some good volume today ? GLA, Dan
HL up and running now. 0.6335p paid for 100k shares. GLA, Dan
That was a surprise, no notification email from the real LSE of the RNS either. HL still not woken up yet. GLA, Dan
provides a glimmer of hope at least. Would have been nice to see some reduction in the BOD/SMT too. Similar situation as another Canadian miner PUR, but at least RMM are still mining. 30% of my PF suspended, what a year lol. GLA, Dan
LW re: post at 13:57 - some posts seem to have been removed as has a certain account. GLA, Dan
not a board member either. GLA, Dan
Predator - also potentially due soon are the Q3 results (next couple of weeks). Hopefully with better production than Q2, somewhere between 1050 - 1500 oz ? (going from RM stock box interview). GLA, Dan
Probably a silly comparison, but market cap versus gold ozs is interesting when you look at the explorer GGP. They are currently at 2M oz for their 30% stake at the Haveiron mine, likely to become 3M oz IMO. At their current mcap of £378M that gives £126 to £189/oz. If only African ozs were as valuable as Aussie ozs lol. GLA, Dan
sounding good, nerves settled. Funding imminent I think he said. GLA, Dan
found it - Projected AISC of $1000-1,100/oz by end of Q1 2023. GLA, Dan
good point predator and I like your earlier point re. EUA post suspension SP action - one can hope.
Swampmonster, I think the AISC will be based on production of 2Koz /pm not 250oz/pm - economies of scale perhaps. If their website was more user friendly I could find the AISC from their Oct presentation (think it was $1100/oz? at 24Koz/PA). GLA, Dan
Swampmonster - not sure it runs profitably currently. From 29/4/22 Interims RNS;
'The Group's assets are not currently generating substantial revenues and therefore an operating loss has been reported. An operating loss is expected in the 12 months subsequent to the date of these financial statements. As a result the Group will need to raise funding to provide additional working capital within the next 12 months.'
250oz/PM will not pay the 500+ employees, the energy consumption , the upgrades, etc, etc. Hoping Q3 results will improve outlook here. GLA, Dan
would be surprised if the interview goes ahead for GCAT tonight, questions that they will not be able to answer unless RNS released before 6.30pm. GLA, Dan
Premium Main Market Toffee1878. GLA, Dan
similar situation to another Canadian stock - PUR (main market). They have decided to cease production and put mine on care/maintenance but still allow trading i.e. no suspension (yet?). They have obtained CCAA protection but not ruled out a sale of the company. What a year 2022 has been (followed by lots of swearing and head banging lol). GLA, Dan
after what has recently happened at RMM, MADE and PUR (yep, I've had a bad one) I feel a little shaky on this now. We know they are loss making, and will continue to be, until Dec 2022 at least (as per interims RNS 29/4/22). We know they need funding - still not arrived. 2Q2022 production was awful (even RMM, mainly a copper producer, managed 251oz Au in June). Expansion at Kili has been impressive and drill results pretty good too. No prospectus and approx. 117M shares to be added once issued (RNS 12/8/22). We continue to wait for the exciting exploration news and Q3 results (next week?). Fingers crossed for a very positive outcome, never plain sailing this investing game lol. GLA, Dan
cheers for the update prospector_19, just under 2 months left before winter. Fingers crossed for that 2p Bobat123. GLA, Dan
the first TR1 from them I believe. They originally held 103846154 shares as per pg 6 of the prospectus. GLA, Dan