Member Info for Ftseinvestor

Sale is the only solution.

Multi just pray they don't dilute us heavily and manage loan from somewhere else .

Copper needs to rise only 20% more from here .hopefully not long to wait . Could be before X mas .

China going to relaxing COVID restriction soon .probably after party Congress going to held this month . Open from COVID lockdown and starting of stimulus package in China will give copper a proper boost in coming few months .by summer 2023 we can see record breaking copper price again .

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.mining.com/copper-price-jumps-after-weak-us-manufacturing-data/&ved=2ahUKEwj7w5zc08j6AhVNXcAKHeOYAFoQ0PADKAB6BAgcEAE&usg=AOvVaw3a-9G3wQApckp2b9CDQ-RK

Copper is holding very well.if copper goes 20% up from here by December and we can get some sort of finance then from new year rmm will be there where it was in last summer .remember our c1 cost will be 2.70 to 2.8 for H2 2022 .if we can produce 8000+ton (based on finance which we will get imho) with average c1 cost of 2.75 and copper move to 4.10 to 4.20 by January ( which I recon before then) then we will get a big margin which will solve all our problem and so will be rise significantly .

This is going to be a 100 million company by q1 2023 as copper will increase in next few months .even if they do a little placing ,if they get reschedule of debt with newgen rmm is going to life changing investment @ current price .last year they produce 3400 ton of copper and this year it's going to 6300 to 6600 tons .you need debt to expand production as our production side is sorted new gen will give us more money and hancon will support us all the way as they both shares in much much higher prices ( newgen @ 35p and hancon @ 29p) .

Debt were increase to increase production .look at h1 2021 revenue and h1 2022 revenue .c1 cost is came down to 2.90 from June and going to 2.70 to 2.8 by year end .copper is 3.50 so here we will get .60 to .80 margin with c1 cost .if copper goes to $4 in by december ( which is sure ) then revenue is going to huge compare to c1 cost by December .company's debt is very little compare to its asset .

Something is going on regarding possible takeover or secured finance .once copper hits 4.50+ we can talk about 50p+ if we swim next few months .onward and upward only

Moon any takeover bid is going ?

For what?

Why would people buy a Rolex when Casio do the same job ? It's call value of the asset though both call watch and do same job .

Probably we are going to get an offer soon .my expectation is 30p+ considering the asset value and current status of production .there was no reason of car crash RNs unless they are dealing a sale offer ..imho .

Just need to sell Ming mine and little dear and give our money back

If they can manage long term loan they better sell the business and pay off debt and other fees and give shareholders money back .not hedging when copper was $4.50+ prove this bod is incompetent to run rmm which has such a great potentials.

I am happy with 30p by next summer

That the point .even if we go under administration shareholders will get at least 30p consider to its current asset and liabilities .rmm will secure finance and by year end we will be 25p+ again when cu will be $4+. Even if they do a fire sell Ming mine will be more than 100 million considering its current production status and future coming boom of copper .if they sell shareholders will get 40p+/share if you deduct all liabilities and other expenses.162000000*.40p=648000000.
So if we sell for 100 million then rest 35.2 million can go for debt and other expenses .we have very little debt compare to asset .

China started open from lockdown .how long we need copper to reach $4+ ? Supply demand equation should be start soon.
Copper will be over $4 ,finance will be manage and our sp will be bounce back harder .just few weeks ..we will turn the tide away and whoever is selling now will be regret as sp will boom .

Moon... r we going to get big loan... soon?

Just wait few weeks rmm will bounce back harder than you predict ....finance is in its way and company's financial position will be stronger than anytime in the past .just wait and watch ...