Member Info for Dubbs99

Exactly

My bet is the SP to shoot up in July or August but there is always a chance it could happen sooner..

Aubrey, the TR1s are often reported quite a while after the event.

*break out yet...*

I think they had c. 1 billion shares. Not sure now. Looks to me that the SP isn't quite ready to break it yet but it could and will happen one day in my opinion and as the downside risk is so minimal I'm in big time now and content to sit and wait

MU345 - I totally agree. I can't wait to see that RNS that states that production is back to the 1350tpd level but I know it just a matter of time and therefore patience. Rmm has c. £3 billion of resource measured and indicated under the ground already! This company is worth many times its current Mcap whilst ever copper is priced at over $3.

Pretty much all buys today which makes perfect sense to me as I cannot see why anyone would sell at this price which is so hugely undervalued.

Thanks Cornish

When, this year, do people think the 1350 tpd production level will be achieved?

Once the improved production figures are produced and 1350 tpd is achieved using an updated and upgraded mine the company will be worth a lot, lot more than it is currently. The market/SP may or may not represent that before it is achieved (later this year) but I for one don’t want to under invested here just in case the market sees the opportunity before it is actually achieved.

Forward selling 50% of this year's copper for $3.50 is not looking like such a great move now! The beauty of hindsight. This will still be a great transformational year and the big profits will start as early as 2022.

Hope2gain- quite possibly.

Large orders might be being filled or placement shares might still be being flipped or both but those happy with their short term small gains will run out eventually and true value will out. Just patience needed.

We continue to forecast the largest deficit in 10 years in 2021 (327kt), followed by an open-ended phase of deficits as peak copper supply (2023/24) and a record 10-year supply gap on the horizon. To reflect the rising probability of scarcity pricing our new 3/6/12M copper targets increase to $9,200/$9,800/$10,500/t (from $8,500/9,000/10,000/t previously).

There will evidently be those who want to hark back to the dark days for this company but it now has:

New Major Shareholders
New Management
New Money
New Mine works
New Copper grades
New exploration
and a NEW MUCH HIGHER COPPER PRICE

The investment case is straightforward and should be very profitable , higher production at cheaper costs and able to sell at a much higher rate, it is as simple as that.

Getting good at this cut and paste lark !

When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
When interests in shares carrying 10% or more of the voting rights of a class have been acquired by an offeror (i.e. a bidder) in the offer period and the previous 12 months, the offer must include a cash alternative for all shareholders of that class at the highest price paid by the offeror in that period. Further, if an offeror acquires for cash any interest in shares during the offer period, a cash alternative must be made available at that price at least.
If the offeror acquires an interest in shares in an offeree company (i.e. a target) at a price higher than the value of the offer, the offer must be increased accordingly.

What defines a Mid-tier Mining company? Annual revenue: between USD $50 million and $500 million. Market cap: less than USD $1 billion. Own more than one asset and produce multiple minerals

Absolutely GlenFidrich, Rmm has enormous resources (and soon a fully working mine) and more to be discovered I'm sure and is so undervalued that it must be a takeover target, a soon to be mid-tier copper producer and explorer available at the cost of a small explorer only presently.

*risk* not rusk!

True value for the company will come, just patience needed. There will of course be volatility as the short term traders take their profits but the big winners here should be those who have researched the opportunity. The rusk v reward position is hugely skewed to reward for those who can wait I believe. GLA