Cases don't matter no more what matters is hospitalisation/ ICU and deaths. These have note raised as much as they did as a proportions of new cases, showing a disconnect and herd immunity is strengthening. Worried about Covid as much as I am worried about any other flu or cold virus.
RE: GAS GOING UP TO RECORD LEVELS....09 Sep 2021 16:39
Gas prices s are so important here.
I invite people to go check the last 10 years. To have gas so high during the northern emisdpheres summer is unprecedented. Not looking good for my winter bills, but it's is not going down anytime soon.
Echo is not the only commodity player on AIM being dragged down. Some with much better reputations are also seeing ridiculously low mcaps during a commodity bull market.
Fair value in the market is a rare thing. Some companies are overvalued some are undervalued. But the market always corrects itself, before then drifting off in one or the other direction.
I always keep free cash and take multiple positions on all of my investments for that exact reason. Very rarely have I bought and the price instantly went my way (I prefer to catch a falling knife than a rocket)
Same as many I was rather disgruntled by yesterdays RNS. Please the market did not go ballistic this morning. But let's be honest here, it is not RMM who missed the deadline but the lawyers and third parties taking carte of it.
Also summer is not the greatest season to get lawyers to do any damn work.
In the 30th of June RNS (thanks Cornish for pointing that out) they did say: "The senior secured loan is anticipated to be closed by August 31, 2021." ----ANTICIPATED--- I imagine they knew well over 2 to 3 weeks ago that it would not be done. So best guess (yes ant guess) is that the pulled out what they needed from Riverfort till then.
Open pit often has big envrionemental impact on its surrounding, so middle of nowhere in Australia is fine. But while working in the Andes rainforest in Ecuador I saw first hand the impact of open pit in a very biodiverse environments, and it's not pretty. Rivers pollutions with heavy metals everything on the path died, huge erosion bring surrounding forest to crash down during heavy rain falls....
Don't think one or the other is better. Just all depends on the particular mine, how the ore is distributed, location, geology, and ore being mined etc... Every situation is different. If the ore for instance is at low depth open pit could be more viable, if it has a vertical distribution and across multiple veins, underground would likely be the best option.
Enormous difference in haulage between a open pit mine and a underground mine. Open pit everything needs to be moved dirt, rocks..., underground mine except in development stages everything else is ore. You cannot compare the two.
Also if people could stop calling it "collapse" we might finally get somewhere, it's "fall of ground". The ore at that particular stope is not lost as a "collapse" would imply, but diluted and will be recovered once the ore sorter is online.