Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just an observation, but If the current trading pattern continues over the next few days, we could well see a peak of around 0.65ish by Friday morning. I think we would all find that to be most acceptable. GLA, ENJOY YOUR EVENING.
RS007. Not sure who has said this?? no one who has done any real in depth research into this company has suggested it will be 3p in a few weeks, the very knowledgeable contributors prior to the arrival of the mad rampers, were quite rightly saying that a year end target of 1.5p is more than reasonable and a longer term price of 3p plus easily achievable. anything less than 1p with the arrival of positive production results will be a bargain. Cheers
Stalin, I think you will find the 10m buys are a cancelled trade from yesterday afternoon, cheers
The derampers are appearing, must be a good sign, looking for a lower buy in price and trying to instil a bit uncertainty
Still less than just four tenths of a penny a share, for a Company with so much potential, an absolute bargain. GLA
FIREANT. You have been on these chat boards for just 8 days yet you seem to speak about RMM`s boss as if you had an in depth knowledge of what he will do. Very negative comments thus far. Just an opinion.
Have you noticed that all morning the MM`s have been posting the larger trades in real time, usually anything over £5k was delayed by at least an hour or two. Cant recall the last time that happened
It seems to be the same pattern reoccurring, a small increase in the SP is followed by a lot of selling and down we go again, very frustrating given how cheap this is and how with just a bit of patience people could sell for a whole lot more of a return. Cheers all
For those who think it may falls back into the 0.2`s, remember, this is currently being valued as an explorer not a producer, its already undervalued by a considerable amount, GLA.
TBTT. This is the RMM chat room, not the sour grapes have a go at EUA because I missed out chat room. Reported
TBTT is at it again on the Rambler chat room, he really has it in for EUA.
This is part of his his latest post
But do you really believe that somebody is going to buy out EUA for billions of dollars? After all this time? If you do, you now very little about PGM mining. And about doing business in Russia. (Alas, I know a great deal about both!).
I make the true fundamental value of EUA down around where you bought the stock - maybe 3p.
Does this sound a little bitter??, not sure if it should be reported
It's remarkable how much misinformation you've managed to pack into three lines about EUA. The working mine is a tiny alluvial operation, it's unprofitable, and is it really working? Proven resources consist of 1.9m ounces in a low-grade Russian C2 resource. The rest is speculation and "exploration targets" and such like garbage. I've never seem such ramping and misinformation around a share - it's all suspiciously professional as well. IMO, it's a sucker play. Serious investors should be looking at Sibanye Stillwater, or Anglo-American, or Tharisa (THS) or SLP. These are companies actually making large amounts of money from the current PGM boom.
Its interesting, the last two big SP increases at the beginning of October and the end of November, both took about about 5 trading days from start to peak, so will we see another continuous rise all of this week?. Lets hope so. GLA.
Billbo69. When you realise that this company is presently being valued by the markets as a mining explorer and not a producer, you can see why folk are investing, it is most definitely well undervalued, some positive production results will translate into a considerable increase in the SP. Cheers. PS, how are the rest of the Hobbits??
The smallest attempt to move the SP up a little and its sold into, how much are people making on such a small percentage increase??. Please allow it to to rise!!!!
PJOHN. Stamp duty is half of one percent or just a two hundredth of the purchase price. If this increases by 500%, it's well worth it
Propinquity, so not only is Cornish a mining expert, he is an expert on growing veg, now that`s a really useful skill. Cheers
COTRARIWISE. This is a post from early Feb by Cornish Knocker, a bit of a mining expert to say the least. There are other very knowledgeable posters. I suggest you go through some posts starting end of Jan, you will get the picture.
I think in some respects Covid very nearly killed the mine and probably saved it at the same time.
In March/April the bottom fell out of the market when the scale of the Covid problem became apparent. Initially working restrictions would have had a massive effect on production, with staff being reduced to tge bare minimum on the mine.
The company were desperately trying to cut costs, it sounds like all development stopped, the bottom of the mine allowed to flood, diamond drilling would have stopped, maintenance and support staff would have been reduced, the mine would have effectively been a stopping operation - if a rescue package was not secured when it was I believe the mine would have shut by Christmas.
By June, as working conditions settled, if the mine could have afforded it they could have bought the entire staff back they couldn't afford it - and this is where Covid ultimately saved the mine - Rambler were able to take advantage of government aid to allow everyone but the production miners to stay at home.
The problem is there is now a legacy of an underdeveloped mine, which will limit production until new production areas are opened up (which us happening). Equipment that is knackered from lack of maintenance (being replaced/repaired) and a lack of control diamond drilling.
Its probably going to take until June to get back to where it needs to be, but the fortunate thing is the mine has the capital and market conditions to achieve that - by the end of this year it will essentially be a new mine.
I think what you're suggesting is the H2 update from the middle of last year wasn't particularly honest - I would agree with that. I think last weeks update went some way to coming clean.
When I read that report it took me back to 1997, when I was lucky enough to be given a tour of South Crofty (At the time owned by Crew Natural Resources, who coincidentally built the nugget pond mill). The first thing I saw that day was a memo from the manager advising that all work had been suspended on the bottom 2 levels of the mine and development staff had been redeployed to stopping. Underground equipment was sitting idle where repairs weren't possible due to a lack if money. A month later it was announced the mine was going to close in 6 months unless a rescue package could be put together - I'm sure you'll agree it all sounds very familiar. The difference is Rambler got the rescue package, South Crofty didn't. But things move on as they say and here we are 23 years later and South Croftys new owners (Cornish Metals) currently have an IPO out to list on AIM this month.
I didn`t intend to say the same thing twice, the first message disappeared, now its reappeared. Cheers.