Member Info for G_G_G

Indeed LaurenLouise, it's the 'principle' that you should accept. I never said they should hold too many shares, which they don't even come close to doing btw. There's a reason why the market responds +vely to director ownership, regardless of them being non-execs or not.

That would require a lot more shares than currently held by our directors LaurenLouise. And apart from TB our directors hold very few.

Bluetiger, thanks for the advice. Wise, but I'd rather buy at this level to lower my average given I have confidence in the turnaround story. Providing mgt deliver on their targets the only fly in the ointment (other than floods etc) is the copper price. The market hasn't quite worked out the direction of travel yet. My hope is of course we don't drop below $3.50 as this will take the shine off a 7ktn per year run rate. If we hit our production targets and copper holds steady (or ideally increases above $4) then I can see us back in the 30's quite quickly.

Also, I normally pay attention to average volume / liquidity and adjust how much I own on that basis. But one needs to keep in mind that liquidity increases as a company grows (mcap), so providing they deliver on their production targets you'll get a re-rate in both the sp (mcap) and liquidity. To be honest my finger is hovering over the buy button for one last purchase to take me up to 1.25m shares (0.75% of the company). Current thinking is I'll top slice when we hit the mid 30's and then probably hold 500-750k depending on the company outlook. If they deliver 2 x months of +650tn I simply cannot see this staying below 38p (£60m mcap) as there's no way we're not throwing off cash at circa 8ktn forward 12 month production (with copper price holding above $3.70). And of course we'll be free of K2, regardless of how many shares the currently own, with a +650tn June we'll see the back of them within a week. Just 1 week to see how our story unfolds. AIMHO GLA

Agree Prof. To be honest I think every exec should be paid a minimum amount of their annual fee / salary in shares. It annoys me to no end how bod members are happy to sit in a company at a senior level getting paid often exorbitant salaries without putting a hand in their pocket to support it. Non-execs don't get paid the same amount, but they should still be invested. I also agree this is a good thing. As was the contractor fees in shares.

Moon, as everyone on this board has said at some point, f@ck off. I used to feel sorry for you as it's obvious you have some kind of mental issues. But you're such an irritating board insect that all pity is gone. Go and make some more of those brilliant Youtube videos and put your pocket change into Litecoin and leave RMM to the grown ups. No one will miss your pennies here.

PTAL is great value if you can take the country risk. Same goes for companies like Gulf Keystone. Personally, I'd rather have the majority of my money locked up here. Next to zero risk across the board as we have little country risk, commodity risk, production risk (hundreds of wells) etc. We also pay a +6% dividend that in all likelihood will be increased. On that note, I'd rather they do another modest monthly dividend increase, say to .165p, then do any kind of buy-backs. And plough the rest of the money into exploration / production. I'd like them to take a look at Minos High in the upcoming drill program as well. We have the drill rig, and we can easily afford to drill ourselves. A strike and we could double from here in an instant. And if it fails, well nothing lost and we still have Serenity. And the best part is we'd still have cash to continue expanding in Canada. Buy-backs in my experience do f'll for the sp. Whereas divi increases for whatever reason seem to attract more investors.

Ultimately, I'd like them to pay a modest amount more in a monthly dividend (monthly being key). And for them to add production and reserves in this bull market. That way even if oil drops back to $80 (unlikely), we'll have added significantly to our production and reserves and in no need of cutting dividends etc. This share is a dead set no-brainer. AIMHO GLA

Option 1 professor. This sort of thing happens all the time. **** if you're holding and don't have cash to average down. But if you have cash you can make a fortune. I made a lot from HZM and i3e in this way.

Moon, I've never known anyone to be told so often how much of a f@cking m@r@n they happen to be and still come back posting more h@lfwitted dribble. There's literally not a single poster here who doesn't regularly abuse you. And guess what, it's because you're a complete w@ste of space. Maybe join one of those crypto boards that I've never heard of as I'm sure they're full of people like you. And ffs go and see someone, as you're clearly not right in the head.

Dj, I believe Analytical first posted those numbers. The opinion is mine though :)

Hi Professor, bottom of post are the C1 costs and production levels quoted for previous years. My views when this was originally posted are as follows:

- We've produced over 2ktn of copper to the end of May. If we add another 650tn for June (2.65ktn H1 total), then it puts our H1 production run-rate as identical to 2019 when C1 costs were $2.58. So even accounting for high inflationary pressure this year, we should still be around $3.
- Regarding H2, should we produce nearer 4ktn we should be able to drive down C1 costs closer to $2 and exit the year with a circa $2.50 average C1 cost (imo).
- Above numbers are why many are forecasting $15-20m profit for the year.

As you've pointed out, most important is whether June production is the starting gun for our sp. If they can demonstrate +650tn then even with copper averaging $4 throughout 2022, and inflationary pressures keeping our C1 at $2.50, we should be able to turn a forward 12 month profit of $15-20m. Apply a ratio of 6 and you arrive at 45-60p valuation (worst / best case). Obviously the Cu price could drop and we average $3.75 for the year, however that would mean circa $3.50 average for H2. With China re-opening, Chile strikes, and stimulus plans kicking in for H2, I'm more confident we'll average circa $4, but could obviously be wrong. Either way if they can show +650tn and retain this level moving forward I do believe C1 guidance for 2022 in September will be quite positive. The future much more so. And certainly enough to warrant a sp in the 30's at a minimum. Not long before we find out if the starting gun is to be fired in the next 7-10 days.

2018 4,187t Cu, 4,189oz Au, C1 costs 3.30
2019 5,299t Cu, 4,887oz Au, C1 costs 2.58
2020 3,769t Cu, 2,819oz Au, C1 costs 3.45
2021 3,418t Cu, 1,805oz Au, C1 costs 4.29

* C1 = cost per lb of Cu ($), net of credits

Moon, that is some of the funniest **** I've ever read. Thankyou for allowing me to end a rather bleak day for RMM with a smile. On a more serious note, if you haven't been diagnosed with something then you need to see someone. Really.

Yep the divi on my 4m shares comes in quite handy every month isdeer :) I've been rolling it into another AIM play where I've now sunk over £260k, so quite committed on that one as well. Its why I'm down to 4m shares in i3e - I sold 750k shares to go after that opportunity. Timed it wrong so had to average down and ended up building a bigger than expected holding. Hoping it wasn't the wrong decision and I can start to shift some money back this way in a few weeks. I'd like to get back up to 4.5m shares before the quarterlies and the drill news starts to trickle through. I may even move completely back in here. Really depends on what the other company has to show with their next monthly results. I still believe O&G is the best place to be, and we haven't even moved to Winter gas pricing yet.

SP at the moment is a complete head scratcher. But nothing like it was during the 10-12p days. At least we're closer to 'fair value', even though a good 50% off where we should be. It seems the market panic sells everything when general sentiment is quite negative. We just need to ride it out. At least we get a nice income stream while we wait for things to improve. There's certainly far worse places to be at the moment. AIMHO GLA

Driving, as I've said it depends entirely on the Q2 results. If they're anything like Q1 then it could fall further, believe it or not. I imagine they burnt though somewhere between $5-10m in the last two quarters mining gold and selling at a loss. Crazy to say right, especially given the mine is in Africa. And you have to keep in mind there's another 5 quarters before Kouroussa comes online, if it's delivered on-time. Dugbe is doing nothing until someone takes the asset. Given how distressed Hum looks at the moment it's hard to believe they'll get a lot for their 50%, and certainly nothing like the £100m being bandied about here. They could end up flogging Dugbe to pay for the yawning hole being opened up by mining at Yanofila.

But yes, if they can turn a modest profit for Q2 and demonstrate it's possible to improve further then a mini re-rate is on the cards. And by that I mean to £60m mcap (+45%). So I do agree the downside is far more limited than the upside, but that of course is driven by the sp sitting at all-time lows. Truly unbelievable how poorly this company is being run.

Goldrider (and others), I'm just having some fun with Bushy. It really is too hard to resist, and far too entertaining to watch him unravel in this way. Thankfully he's filtered me as even I was starting to get disconcerted by the pornographic, child molestation acronyms he was making up. Quite a twisted little puppy. Good luck with your investment here.

Come come now Bushy, I'm sure you've had to use it regularly after you've been schooled. Enjoy your little box.

RMM ha ha ha oh my days.... Bonkers, how do you filter people, I can't even take this clown for the comedy value anymore?

Bushy, your ignorance really has no bounds. As mentioned I hold circa 1m shares in RMM @ 27p. It has just been re-built by the ex Shanta ceo (qualified ceo with strong track-record), and has recently reported its biggest production month in years. Next month is on course to be the biggest in its history. I invite you to compare / contrast with your rather insignificant investment in HUM, which appears to be your only holding. Comedy value indeed.

'No one cares how old you are or what you held retrospectively... we want to know what you're holding now????'

I just told you what I hold Bushy, and it's just those 6 companies. You really do have a learning disability.

'Yeah nice debt, CLN's warrants and capex requirements there.... Always good to invest in retailers and Iron ore correlated companies at the end of an economic cycle and a rising rate environment.'

None of my 6 companies have high debt ratios or large amounts of CLN / Warrants outstanding. I also don't own any retailers (yet). And yes commodities tend to be good hedges against inflation. If recession fears become a reality, and economies don't try to build their way out of the recession, then commodities are less safe to hold. But they'd still be more safe than most other sectors, and most people with a clue know that 'Marshall' style plans are in the offing if a recession bites. They will be required to re-build Ukraine, which means a lot of Iron Ore. Let alone stimulate the Chinese economy. And you do know that RMM is copper. HZM nickel. And that RIO is diversified, don't you...? So battery metals and a diversified major with a significant position in IO.

You see one of my degrees is Economics Bushy, which is one of the reasons I have such a significant portfolio for my age. Go ahead and add it up if you like. And don't forget to take into account my after-tax dividends each year.

As I've said, you've got nothing Bushy.

Oh dear, again Bushy. You really are hell bent on making a fool of yourself. First of all, I don't own either of those shares. If you read my comments you'd have seen that. I am however looking at the online retail sector as a recovery play. In much the same way I made over £1m from the oil and gas sector when it went negative during the pandemic. And BMN has always been an interesting company due to the value of its assets, much like HUM. If you did take the time to read my posts on other stocks you'd also know my Aim investments are 4m shares in i3e. 950k in RMM. And 75k in HZM. And I have about £500k in my SIPP spread across Rio, Lloyds and Aviva. My AIM investments are 85% in ISA wrappers. Again posters on other sites are aware of such things. I don't always get things right, but I do most of the time, which is why I've done quite well for a 44 year-old. Happy to share more if you like, but I imagine it will only add to that rather large inferiority complex you seem to possess.

Agree Ark. I think the Q2 results will create a re-rate much like PTAL. So I'd expect it to get us back into the 30's even form down here. Serenity is the big question mark. If we get a lot of +ve PR, and the Reddit / Twitter crowd descend, then I'm expecting us to be sitting around 40p before the drill results are announced. It's weird that I'm so relaxed about this company. I lose / gain £40k for every penny difference in sp. So it has been a little painful to watch. The flip side however is I'm hoping we sit down here a little longer. I have cash tied up elsewhere, which is currently down 20%, but with an expected re-rate in that investment soon I have a chance to increase on my old holding of 4.75m shares. To be getting paid a 7% divi at this level is outrageous when you consider the value potential. Just a couple more weeks of weakness and I'll be buying back again. AIMHO GLA

God Bushy, just when I think you couldn't be any more tragic, you come back with things like 'Cambodia' and 'Gary'. You've literally got nothing. I've actually gone past feeling embarrassed for you, and now all I'm feeling is pity. Mainly for anyone around you though. Best to kill your handle, take a break, and start again.

I have no idea Bushy, and I have no doubt it won't make up for his failures as a ceo. And it clearly has no impact on the value of Hummingbird. So tell me, why should I concern myself with knowing such things?

'German goo girl is pishing against the wind now. All the clown does is commentate on volatility and read the time.'
'It won't just be sp*nk that you'll have all over your face, you clueless buffon . Ha ha ha ha see ya on the other side loser'

Oh my lord Bushy, you can't even insult people well. Firstly you spelt 'buffon' incorrectly, which is equally ironic and unsurprising. 'German goo girls', again hardy surprising this is the extent of your imagination and vocabulary. Even for a cellar dwelling, pimply faced 15 year-old virgin with a p@rnhub addiction that's pathetic. Although it would explain how you landed on such words. 'Ha ha ha ha see ya on the other side loser', need I say more...?

As I said it's probably best you step away from your screen Bushy, lord knows you've embarrassed yourself enough over the years on this board, and even more recently. You're clearly a young man (boy) in the midst of a meltdown so I'll give you some advice. Give Samaritans a call and get it all off your chest. Tell them you're 15 year-old m@sturbator with learning disabilities and a p@rnhub addiction. And that you gambled all your Mum's cr@ck money on a gold mine in Africa. They may be able to help.

Now let's see if you can do better with your insults than your investing. You're clearly incredibly **** at both, but I think there's slightly more potential in the insult department.