Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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 !
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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
Thanks Rsmithy really useful. A year of transformation and soon Rmm will have a fully functioning very profitable business and already own enormous reserves. I for one am pleased to be invested now as I hope the SP will soon reflect the huge potential.
James, they are targeting production of 1350 tpd but it will still take a few months to get back to that level, hence the lower production forecast this year.
Sorry that should be page 6 not 7 and it’s 417k tonnes of copper not just 417!
For anyone starting to look at this company:
Read the business case/investor presentation I included in my last message.
Note on page 7 that the company already had (at Dec 19) measured and indicated resources of:
417 tonnes of copper
264 oz of gold
2121 oz of silver
There is a lot more inferred and likely still to be found.
The business case assumed a copper price of $3.
Company now has a new management team with turnaround experience and sensible plans to reduce production costs using a mine that will be significantly refurbished and upgraded.
Current sale value of resources is over £2 billion.
Yet...the market cap, for understandable historical reasons sits at less than £40M.
The upside opportunity here is huge.
https://www.ramblermines.com/files/rumble-ii-investor-presentation-october-2020-for-rns.pdf
H202, you can still buy-in at a very cheap rate, I bought a significant amount at .44 about a month ago and am still very confident that that purchase will prove very profitable before too long.
Sorry for the double post I thought the first I one hadn’t posted!
Good day today but should just be the first of many to come. The company is so undervalued still. A £200M+ MCAP is definitely on the cards so let’s hope we can reach the £100M before too long. GLA