The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Exactly right OfficeManager and the rampers/derampers cannot determine the copper price, the production figures, the resource upgrades and the profit margins that should be reported in the coming quarters and years and once they have been proven the SP will be multiples of today's price whatever nonsense is written on this BB and whatever the MMs do.
Cornish, yes the potential is enormous isn’t it and we sit at 0.42p (market cap of £45M! Once the positive production results start being announced the first stop must be a Mcap between £100M and £200M and if the copper price does reach the heights being forecast the sky is the limit!
Tony Bradbury is clearly a man of action and few words but so importantly is delivering to his plan and as a shareholder that is exactly what I'm looking for. Once this plan is delivered we will own a share of a very profitable company worth multiples of today's SP.
I'd guess there was fairly inevitable profit taking by short-term traders at the end of the week. Still a very good week with a very healthy 15% rise. I would hope we see similar next week as we edge closer to news - the company is still massively undervalued.
Good week so far as the SP looks to be breaking out to start its inevitable rise to reflect the true value of this business (£100M at the very least). Will we see 0.4p today or have to wait until next week?
New management with great experience, including of turnarounds - that is the biggest mitigation to the risks now that the copper price is at the right level to make significant profits.
MrExec, I don’t but I also don’t think the historical position of this company will be a good measure of the future possibility. I’m pretty sure that it’s highest Mcap is yet to come. Once the transformational works are well under way and the daily production targets are being met with the higher grades that are available, it just needs the copper price to not fall below about 30% from where it currently is and significant profits will be generated.
But I’ll time will come.
Me too Broker.
Thanks Cornish
Thanks djryan and Aubery - very helpful and reassuring.
With the copper price where it is and the likelihood of it staying at least above $8000 and could be a lot higher for a lot longer, Rambler WILL re-rate (at least to 1p and no reason why it couldn't achieve 2p to 3p over time) once it can prove it can produce at least 1350 tpd. The question of course is when? Will it be when the quarterly production reports evidence that achievement or will it be when 'the market' speculates that there is a high probability that it will be achieved? Will that start in 2 weeks' time when we enter a new tax year? Is it just being held back by significant profit takers from the last 2 placings who aren't interested in waiting for even higher returns? I'd welcome views. Thanks.
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