Member Info for Ftseinvestor

"we will do everything to stop this as soon as possible" -putin told modi in a meeting.hopefully this will come to an end and world will come out of recession soon and copper will go up significantly...

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.reuters.com/world/china/putin-xi-speak-summit-uzbekistan-2022-09-16/&ved=2ahUKEwjNiezh-pn6AhX-TEEAHWwXC9YQ0PADKAB6BAgIEAE&usg=AOvVaw3N-SovjIqYqARhDLmB58vH

Great post balanced ..some people has no shame or self respect ....

8% up so far in google

If some big miners bought us we will be offered at least 35p to 40p per share ...I think that's the way things are going .

No it will not .it's not in Russia .a sale of Ming mine and little deer would give us 80 million instantly .

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Once we got 20 to 30 million and fix ore sorter We will be 30p again in days as production will be 900 to 1000 per month with coming rising cu price from December once China open fully . They will manage the money asap .

Exactly that's what I am trying to say ...got 30 million for 5 years @15% interest in which we have to pay 714000 per month .install ore sorter .as you said nonsense they revenue will increase to 1.7 million even in current cu price .10 million for ore sorter and rest 20 they can keep paying creditors ,debt and keep some for working capital ...by mean time copper will boom and they don't have to dilute shareholders. To find a loan @15% for 30 million for a company which got billon pound copper in underground is not difficult specially when it get 5.5 million revenue from copper even in current cu price .big fishes know about the potential of copper .CFO is known as very efficient in mining industry and she can easily manage this ..just need to thing as simple as that..

If copper goes over 4 then it will not long to catch your break even .we r not going bust ,we r a producing mine with lots loya of copper ,just need some fund to dig it out .be calm

Get 60 million loan for ten year @ 15% interest on which we have to pay 968000 per month. repay existing debt ,fix ore sorter and keep rest as working capital to run company smoothly .we r now getting 700 ton per months @ 8000 we got 5.6 million from copper per month.we can pay 1 million to debt repayment as there will be no more debt and with ore sorter we will produce 30% more 900 to 950 per month.

Who will provide us 60 million ? Find 3 big fish ..@ 15% interest they will provide 20 million .it's the job of CEO ,CFO and other board of directors to find big fish that's why we pay them big money...if bank can lend us million pound over 30 years @3% interest when we have few thousand pounds income ,big institution can give @15% interest ......board should have done this ......just my smoking thought..

Moon we don't have to do everything in one go ...when copper will over 10000 and our production will be 900 ton each month next year we can think other development .we don't have to repay everything in one go ....one think you r right ..rmm will come better than before once we sort out finance...people over panic and don't see the amount of copper they have underground with high grade .....

They should have arrange the loan before they notify the market ...I think by X mas we will be 25p again once they sort out finance ..new CFO should arrange 20 to 30 million for 6 to 10 years ..

Our debt repayment is 1 million per month.with 650+ production and 8000 per ton we got 5 million a month from copper .why can't we pay our debt repayment each month ? For a company we have total 20 million debt and now we r producing 60 million revenue for a running year ...if copper is up in near future we will get more ...newgen will rearrange more loan for a longer term which will be favourable for both rmm and them....
Why BOD not considering do something with little deer instead of suffering cash shortage ..sell little dear and do a proper job in Ming mine , dig more copper .next year will be ours.....copper boom is coming guys .

Moon ...you said rmm is now better position than past and done right thing ....so we will be in higher sp in few months when we sort out everything and copper will go up

We all will be happy by same date next year with high copper price with much more production per month.they just need some money to reach there....40p my bet by same time next year...

It will bounce back next week as it was overdone .people will realize soon .15p ...

Multi my friend good post .so you accept that we will be in very good position once debt restructuring done and in few weeks copper will be shoot up .by December we will be reasonable good position and by April/ may sp will be 30p+ when everything sorted for long term and we will sell copper in high prices (could be $5+ as Cornish recon ).they just need to confirm Monday how they manage the fund ( of course they arrange something ) .if we dilute 50% that gives us 241 million shares .if we produce 7000@ average 8000thats 56 million from copper .if we make 16 million profit with 6p/e that's give us $96 or £83 million market cap
83 /241=.34.5 per share even we dilute by 50% ....

....that bad ...

After fund rising complete the company will come better financially as we will produce more copper with higher cu price in coming months ...I hope they could manage new gen for more money in longer repayment period ...as our operation side is working good it can't be that ..what do you think multi ?