Member Info for G_G_G

We don't know for sure, but generally speaking when a TR1 is announced it spells the end of that wave of selling. Whether it will be followed by another wave no-one knows. I'm leaning on the side of them being finished (for now). If this is the case and the May production numbers are +550tn, or better still +600tn, then we could see a re-rate to the mid / high 30's quite quickly. Either way, we have 4 trading days remaining before we hopefully have confirmation of the turnaround. Reckon there's up to 50% on offer from this level if we're back at 28p and the news is everything we've been waiting for. AIMHO GLA

TSSZ, If there's a pullback to below 24p then I'll pick them up. If not then I'm happy with my holding, and even happier that it means we're closer to my 27.5p average. Really stuffed up my timing on this one. Bring on the May results!

Scrap that 25p comment - it was a p!sstake trade.

Agreed prof. I just noticed the sp jumped to 25p for instance. Looks like my limit order at 23.75p won't be filled after all.

Fwiw the average May you're referring to is 550tn in my books. They've had plenty of time to get things right and this level should be a fairly straightforward target based on what has been promised to date. Having said this, it will also be the biggest month we've had by a distance since the turnaround story started being told. So at +550tn it will be a big signal to the market that things have changed and why I expect us to be in the 30's on confirmation. Lots of people sitting on the sidelines here. If they have a cracking month of +600tn then we'll move very quickly indeed.

And no, I think it's the other way around - TB is tracking my holding :)

Another 50k for me (showing as a sell at 23.72p). Now sitting on 850k @ 27.75p. I have another limit order in for 50k and then I'm done. All the signs are looking positive for our re-rate. But for that to happen we need to see evidence of the turnaround in May's production numbers. Hopefully we push back up to 28p before the May results in less than 2 weeks. If they exceed 550tn accompanied by a +ve outlook then I'm expecting low 30's. If they exceed 600tn then mid 30's. And if they repeat the 600tn feat 4 weeks later then +40p is my expectation. I'll re-evaluate my holding if / when we reach the 40's. AIMHO GLA

Results will likely be Monday 06th given the fact they normally need a few days to collate all the data. And of course there's the UK holidays next week. And yes I expect a rise into this news as well. Anything near or above 10% will provide a good springboard for us to get back into the 30's. Hopefully we get back to the 28p level before all the negative news on China, recession etc. took the market down. With +550tn for May I think we'll get to 32-33p. With +600tn I think we'll attack £60m Mcap level again, which is 38p. They just need to deliver some bl@@dy results for once. AIMHO GLA

Well I don't know about you guys but I'm enjoying the sp rising to something a little more respectable. Was painful watching it capitulate the past week or two. Hopefully we'll be back to 28-30p before we get the May results. If positive (+600tn) I'm expecting us to push up into the low to mid 30's. One more month of +600tn and I'm expecting us to breach 40p. Only 2.5 weeks before we find out whether they can stand behind their words. GLA

Viable, any stock bought today and tomorrow will be included in June's divi payment. Just nothing bought Thursday and beyond. Well until next month's ex divi date that is. Surprising how the sp has remained depressed. GLA

Sorry you got caught out leathal. I timed it right last time, but kicking myself now as I felt my entry point last month was 1 month too early as I knew April wouldn't be great. I'm not suggesting you do the same as me but I'll probably average down before the next set of results given I think the best entry point is now. Will keep you guys updated if / when I do.

Bigbadwolf I'm not sure if you're including the circa 1500tn already produced until April...? We need another 5500 tonnes over 8 months. With 245 days remaining it's possible to hit 7,000 tonnes if they produce at:

- 1300tpd
- 1.8% grade
- 96.5% recovery

The first two numbers are the ones that matter the most. To be honest if they get to 6500 tonnes this year I'll be happy as it will mean they've produced 5,000 tonnes over the last 8 months. Annualized this is 7,500 tonnes moving forward. The market is forward looking, but they'll need to be producing over 600 tonnes per month for a few months before we see a big re-rate. Let's hope next month is the first of the few required. GLA

I'll go with January 2023, January 2024, and maybe January 2025 if the key optimizations are in place e.g. ore sorter, mill relocation etc. The only way the Mcap will get to £250m mcap is they're mining 10k tonnes per year with copper price @ +$10k per tonne, plus the cash cost profile has been reduced via the optimisations. People need to keep in mind this would be 7.5x current sp. Very realistic however that we'll be 2-3x in 12 months. Most important is for them to build an operation that makes them a consistent, high margin producer by the time the copper price starts to explode from 2025 onwards.

Results today were expected, which re-tells the turnaround story. But it remains a story until they show actual turnaround progress. Lots of investment. It's now about results. And this simply must start with the next monthly figure if they're to regain the trust of the market and the sp to re-rate as a result. Unbelievable buying opportunity for those with spare cash right now. I'm absolutely kicking myself for getting my timing wrong @ 28.5p. The question is whether to average down now... AIMHO GLA

Haha trencher. I have 750k shares in RMM that would fund my share buyback here. Currently they're down more than i3e so not so good for me at the moment. Having said that I have 3.5 weeks before the next major piece of news is released on the other front. If positive and i3e are still in the 20's then yes this crazy depressed share price will be very good for me. Fingers crossed as I'm still kicking myself for selling 750k here to fund my foray into RMM. GLA

Thanks for your workings Prof. I'm personally looking at 1200tpd @1.6% as the base case they should be aiming to hit, which is why I believe anything above 550tn should be enough to convince the market the turnaround is in play. If they manage to hit 1250tpd or 1.7% (or both) then our magic +600tn target is achieved. This to me will re-rate us to the mid-30's within days. It's now down to the team on the ground and mgt to deliver for their long suffering shareholders. Once done I'm sure everyone will be sleeping quite soundly on this investment and looking forward to each production report moving forward. Just 3.5 weeks to find out whether we all made the right decision. GLA

General market sentiment in the toilet. With the exception of Serica Energy my 30 strong watchlist is red today. About half are 'blue chip'. Unsurprising that we go down given the macro environment combined with the disappointing April results. I timed this poorly in retrospect but felt confident we'd break 500tn in April to signify the start of the turnaround. Unfortunately we now have to wait another 3.5 weeks to see if they've finally managed to get their **** together. A huge amount has been achieved and given their recent comms it would be an 'own goal' of epic proportions if they don't exceed 550tn, and in all fairness 600tn. If the latter is achieved the correction will be sharp and the 30's will be our new base, regardless of macro factors at play. But first they need to show the turnaround is in full swing. I'm expecting a slow climb starting 1.5 weeks prior to these critical results. All going well we'll be in the mid to high 20's when results land so we can easily springboard into the 30's. AIMHO GLA

Jesus moon you're a f@@l. Read the recent presentation and all the information is in there. The company have restated 7ktn for the year. They're also currently cash flow positive, including sustaining capital. Now given the recent low production levels one can infer from this that every tonne higher is going to be profit. The last monthly production update also spoke to plant peak production levels in excess of 1400tpd, and it's now being capable of running at nameplate. I'll be very surprised if in 3.5 weeks we haven't broken 550tn. The target for the company should be +600tn, which is achieved with 1300tpd at 1.5%. Anything above 550tn will kickstart the re-rate and +600tn will put us into the mid 30's within a couple of weeks. The sp has done this sort of rise many times on nothing other than hope. If you're looking for reasons or the drop it's very simple. General bearish market sentiment. China lockdown. Disappointing April figures. They're all factors but the final one is the biggest driver of sp depreciation / appreciation. Had they broken 500tn last month we'd in / near the 30's. The same goes for next month. Sadly we all have to wait another 4 weeks for the turnaround story to start being real. In the meantime why don't you go and park yourself with that other imaginary millionaire Ant. I'd normally never have a crack at people with learning disabilities but for you I'll make an exception.

Copper is nearing support but people need to keep in mind it's sitting just above $4.2lb. Not like half of the last decade where it was sat in the 2's. The May report is what will turn this around. Mgt better have sorted their **** out by then as they've run out of road for excuses with the market. Signs of +600tn being the norm for the remainder of the year and we'll be back into the mid 30's quick smart. This of course is said with the proviso that copper stays above $4 for the next 2 months, which I believe will be the case. AIMHO GLA

Stas I'll need RMM to do something +ve in the next few weeks and i3e to stay at these levels if I'm a chance of getting all my shares back. I picked up 750k shares in RMM and unfortunately it's been hammered the last 2 days so I'm down 15% :( Still feel confident in that investment, but that's what I've always said before I lose money :) i3e still looks fantastic and the good news keeps on coming. Hopefully I can get back here before they make any announcements on dividend increases. GLA

Bye bye little insect :) Remember not to come back unless you're willing to name those imaginary companies you sold. Oh, and say hello to your Mum from me.

Antharry, the millionaire that no-one knows is a millionaire. Is it because you live in your mum's basement? Or because you're semi-literate? So tell us trader extraordinaire, what were the names of those companies you sold. Even better tell us about all those companies that you've been investing in over your short years of being a genius trader. I don't normally look at people's history but felt compelled to know more about the retired trading prodigy who pops up here offering nothing other than childish jibes. Looking at your history for the past 12 months it's pretty much limited to RMM, VAST and EUZ. As I said, you make me laugh Ant.

Tell me, is your nickname 'Ant'? Because it would make sense that people refer to you as annoying little insect. Run along now little pest, mummy has your dinner ready.

Antharry that last post really did make me laugh. You're quite the joker. So retired at 35 and day trading now. So what companies did you sell? And how does no-one close to you know how much money you have if these companies retired you at 35? Tell me, does your Mum know how much money you have Mr Millionaire Day Trader? Perhaps you can throw her some rent for the basement space you're occupying at her place. Or maybe you can take her out to Pizza Hut with all those imaginary millions you possess.