Member Info for Fukurokuju79

I never said people shouldn't diversify. I said I don't understand why anyone would diversify too much.

I also said each to their own. However I stand by my opinion a single PI wih dozens of positions isn't a recipe for success. Imo.

Anyway. Take care. Over and out

You didn't manage to go very far running a mile.
Talk with your feet, not your fingers qwerty.

Live and let live buddy. Not for you, move on. Don't read posts, and post yourself. On a board you think you should run a mile from.
If you don't use your own advise I certainly won't, but thanks anyway.

Take care.

Helx - excuse my opinion here but if you genuinely hold dozens of stocks as a PI you're a loon. (although Id concur with Bottomzup this is unlikely given you only seem to have any interest in posting on bids).

No way can anyone manage a basket of dozens of stocks very well as a solo PI.

Ive never really seen the point in an individual investor diversifying too much. While I appreciate it's a risk management method, it's actually just capital growth dilution. I'm much more a do strong research and then hold a small number of stocks....a conviction investor.

That said, everyone has different approaches and as long as it works for the individual that's fair enough.
But I defo stand by my view that holding dozens of stocks is pointless, unmanageable and you may as well have a passive index tracker or an actively managed collective fund in that event.

If you believe long term just hold it then. Pointless offsetting gains on a long with a short imo.
I agree with AI.
AI, big data, process automation (for all repeatable actions), cloud, and IoT are all the future.

Atb

DJG123 - re your points quoted within >...<
>>Let's make this a better BB board be it negative or positive news for the company.
There's always 2 sides to a debate....<<

Agreed re the above. Albeit easier said than done when they keep sharing dodgy information, contradicting strategies and poorly informed, contradicting information. For example in the space of a week or two Moon (Thomas) has offered an undisclosed sum to RMM, doubled down on his RMM investment, sold a third of his RMM investment, has a long position and a short position with IG in case it goes bankrupt.
The thing is I actually believe all of those things are true but I see no strategy there at all. Sorry GTTMU. It's just screams of emotional decision making.. I understand the concept of hedging a long position with a short (albeit I don't) but it's like a yo-yo of uncertainty and lackking clarity and conviction.

I'm defo not a ramper. I am positive in my investments as that's why I'm invested. I'm happy to engage in sensible balanced debate but it's only worthwhile if those in the debate also have a bigger open mind, and a smaller ego, to actually be open to others views beyond those people who just agree with or validate what they say.
I do wish everyone well though.

Regarding....

>>When calculating the TPD is there a safety factor built in if a Stope collapses.
Obviously this will affect production so I'm thinking this needs a safety factor based on current mismanaged aspects of the mine in question ?<<

Yes with only one stope clearly it impacts could impact / reduce all the metrics. Which has been seen in the reduction since.
With multiple which I believe we are getting there on from the call (6 ish) in total planned. Then this isn't a big issue.
I'm here for the end goal, I remain confident they will achieve it, but open to reassess if things change. Wasn't worried about the extra capital, I wouldn't want them to dip heavily into convertible credit card. But if they did it would just create supply and hold the stock back a bit while they are off-loaded.

Genuinely believe this stock has greater chance of success and the potential risk to reward of any investment is very strong. Albeit not guaranteed, that's the case anywhere. Just look at the big names that go under and offer no where near the same return level rewards.

Atb everyone

@peterdee

No problems.
Re your statement >>What you say makes sense if the buyer of the hedge agrees to take less than they bought at the forward price<<

They haven't bought it. It's eff ctively a futures contract that say RMM will see uoto x amount of produced copper, at the pre determined hedge price. We get paid at port at that hedged price.

It covers the risk to the financial supporters of RMM in the event copper pricing fell, but the buyer a secured supply price and in this case one better than the current price.

We don't owe. So to clarify as far as I'm aware it's simply a futures contract to buy x amount of copper at x price in the future. After which RMM can sell at the prevailing copper price (which is much higher now)

Atb

@peterdee

Re your coemt >>Does RMM have free copper to sell over and above what they have sold forwards? Might they even need to buy to meet their forward sales commitments? <<

My understanding and view (happy to stand corrected) is that in order to arrange the first lot of funding to establish the turnaround plan, RMM effectively had to hedge the price at which they sell their produced copper.
The hedge price to my knowledge was equal to the copper price at the time the hedge was arranged, which was fine, as it mitigated the risk of a drop in commodity prices for those lending etc.
However, as we know and expected, the copper price continued to rise above the hedge. So while it's still profitable for RMM, they won't capitalise on the above hedge price until they meet the hedge quota.
I don't believe they have 'sold forward' in the sense you're implying. They are paid a set amount when loaded at the port I believe based on expected copper / gold recovery etc.
So no they won't need to buy copper to sell lower; they just can't sell there own production at the above hedge price until they have met the minimum detailed within the hedge arrangement.

Hope that makes sense

The credit card is there for contingencies.
To ensure they have capital options to execute the plan.
They won't use it unless a contingency situation occurs.
In the event they do use it they would use it sparingly and they would perform an investment appraisal to ensure the any capex spend using debt is worthwhile. Although if it gets them to fully operational and now efficient in mining with a rising copper probe it's still a no brainer for them. As it's last resort use.
I do feel you're making the right decision for you help me. You need to be comfortable with the risks and the reasons you invest/ed with a company. Which I don't think you ever truly have been.

Atb to you.
Hope works out for you but you must remember to base any investment off your own research and decide yourself what the risks and opportunities are. Also decide before you invest what your target entry/exit is. You'll be much more comfortable holding the dips then.

Take care.

Expect it was lower due to the inconsistent ore supply following the stope collapse. All looks fine to me.

Investment case is as per my post yesterday and as other have said there are companies with only assets at early exploration valued higher.

More than happy.

Atb

In case anyone didn't make it to the bottom of the RNs. Zoom investors call at 2pm tomorrow 23rd July.

Registration Link...from RNS

https://us06web.zoom.us/meeting/register/tZEtc-mhrTsiG9axXtQ51KymU5c4OTE8z46P

Atb

Like laurel and hardy, only with bigger egos.

Guys, even if it does hit 23p all you've done is called a lower price on a stock in a market that's dropping generally, and on a stock that is highly volatile. It's not pat on the back time you bafoons.

It really doesn't matter what happens today in the mid to long term. Unless you're going to sell and rebuy lower. In which case crack on no worries. But don't act like investment gurus lol.

I'm not sure you really know your ar$e from your elbows.

Anyway, I'm sure I'll see lots more green boxes now. Just easier and less frustrating not avoid reading the posts. Not to censor an opposing and challenging view, I'd happily read those, but your posts are simply about yourselves.

Atb.

Perhaps Helx. But we stand a high multiple tes more than you. So I'll trust my own abilities.

Atb to you. I hope you break even as then I'll make 1500% return.

I don't think that's been settled Ella. From what I know. Soz.

Maybe BT will confirm if asked. I'd be interested to know.

Agreed

Oops. Twice in nice

Spero I wouldn't trust the rambler site forblatestt share positions. Last time I looked (yesterday) it still said it had. Over 10 billion shares in issue.

As for the discord group I'm sure it's great but the trouble there may be it's confirmation bias. I know this board has its problems (I could name several) but I'd rather have all views and thus a balanced approach. Plus can't handle multo forums for same thing.

For the most part we are all here for the same reason. RMM. And our belief of capital gains from the turnaround.

GTTMU - Charts have their place but unless you're on a technical trade it's worthless. Good for entries and exits but otherwise pointless. Id ask why you doubled down last week to then sell a third this week based on the same chart but I don't really care. Soz

Atb. Mid to long term this is a winner imo. Come back in a year or two and we can see what's what. Not in a week or month.

Atb everyone. Whatever your views.

Spero I wouldn't trust the rambler site forblatestt share positions. Last time I looked (yesterday) it still said it had. Over 10 billion shares in issue.

As for the discord group I'm sure it's great but the trouble there may be it's confirmation bias. I know this board has its problems (I could name several) but I'd rather have all views and thus a balanced approach. Plus can't handle multo forums for same thing.

For the most part we are all here for the same reason. RMM. And our belief of capital gains from the turnaround.

GTTMU - Charts have their place but unless you're on a technical trade it's worthless. Good for entries and exits but otherwise pointless. Id ask why you doubled down last week to then sell a third this week based on the same chart but I don't really care. Soz

Atb. Mid to long term this is a winner imo. Come back in a year or two and we can see what's what. Not in a week or month.

Atb everyone. Whatever your views.

If they prove the hypothesis then I won't put my price expectations on here for fear of being called crazy.
Saw the same chance I'm ARB at 3-5p as I did when I bought in here at 3p.
Sadly it's all in pension and not available for many years but I'd take it.

I hope they hit on these drills but I think it's only a matter of time even if they don't.

Atb though
Keeping it all crossed

Helx. Why on earth do you comment here. Don't say you're invested as if you are you're more a fool then you think we are.
At least we have a positive mood term outlook on the stock. I waited to buy in at around 2-2.2p.
You prob bought in on the 30p plus spike and expect us to take nothing of your constant dribble.
The lesson in investing is on you. Don't do a Helx.

I suggest that this now becomes a lesson, to all.
DONT DO A HELX.

If i worst happens I lose a little. Or average down ( I only bought a third of intended position). Or I make a load.
It's not rocket science. You need to apply a little more strategy and not follow the herd at the top.

Now do the honourable thing and move on already. At what point do you determine you've made your point? When it DM goes under and you lose what you have left ( if you ever bought).

Just a little odd tbh

Atb to you though. No skin off my nose

I agree