Member Info for johnpwh

Hi 'r'. Could they buy on the open market and take their share to 29.9% of the current issued shares without Chinese Government approval?

I see both sides to be honest. It clearly explains the previous sale but it is a bit misleading as GA says. Hardly surprising that he exercised the option, at least it proves he's not daft!

You and me the same Bampster, we seem to have the same appetite for underperforming shares!
Never thought I'd ever be back into RMM after leaving the shambles it seemed to have become in 2019 (with a sigh of relief). However invested this morning, lets hope it is more successful on this occasion.

Think BCN MC is realistically above that if we assume the additional shares to Ganfeng are issued

bluegrass
Admit that latter point of yours has worried me. At the moment the further investment by Ganfeng is not certain, being subject to the Chinese Government approval. I think this additional investment is fixed at the placing price of 45p, sounds cynical of me but is there any chance of that approval 'not being given' if the SP drops to, say, 40p?

jim, Bonkers, disappointing though it is I'm not too concerned. Obviously you wish that you had paused before buying at a time like this, but at the end of the day if I sell now to buy back there is a very good chance that wont work, especially with bid/offer spread and commission. Mentioning BMN again, the drift there reached just over 16p midday Friday and it 19.5p now - I only mention this as I see the same happening here shortly, please don't accuse me of trying to push them as that not the intention.
Best thing with this share is to put it in the proverbial bottom drawer and look in a months time - but unfortunately I know I wont do that!

Has someone got it in for you jimb2? Maybe they don't like the hyperlink embedded in the post, just a thought as I couldn't find something on here yesterday that I knew someone had posted.
Anyway.
Still convinced this drift is simply sentiment and reluctance to dip a toe in with the constant drip down. Bushveld was doing the same thing until the end of last week now suddenly, with no news, it appears to be recovering (I'm probably speaking too soon!). I expect the same will happen here.

Serious question, which you may have discussed before. Given amount of dilution that has taken place, and the consequent SP destruction, does anyone think that there should be a share consolidation here? 25:1, 50:1 or even 100:1 would leave this looking less like a bargain basement share. Perception is important and many potential investors, consciously or unconsciously , will be put off by a sub 1p SP - presuming that it signalled the company was going bust.

Yes but I'm very old! I have an spreadsheet showing my first RMM purchase 28/10/2009 at 27.4333p . Now if you'll excuse me I'll just go and get drunk to forget.
Half the problem with this company was always working in a high cost jurisdiction with depressed Cu prices. By leaving in 2019 with a relatively small loss and now looking afresh I can see things look better. Bit more research and I may dip in.
Enjoy the rest of the weekend, I have to say that it is nice to encounter an informative, helpful board on lse. I was getting dismayed at the number of boards that are just plain toxic

Hi VTID
Don't know where you got a 12.625p all time high from, unless I am missing a share split which I'm pretty sure isn't the case. I think in 2007 it neared 70p which, if adjusted for inflation, would be slightly eye watering for any founding shareholders still holding!

In fact checking my CGT records I have on 7/5/2019 sold 400k at 3.699p.
Seems a different company and a different commodity market, hence my renewed interest

Thanks for the replies Goingto & Cornish, sorry not to have acknowledged but think I was suffering lockdown blues today!
I sold because at the time (June 7th 2019 I think) I had been a holder for several years and had seen nothing but promises, cash raises and Cu prices far below costs, and decided enough was enough. Then one day there was one of those unexplained explosions in SP and I sold at a intra day high of 3.5p. By close it was barely over 2.5p. Still managed to lose nearly 10k overall though - I think some I purchased were around 17p. Because of my previous interest I have always watched, and with the resurgence in Cu price started to look again. It does appear to be a rejuvenated company, though the current SP must I assume reflect far more shares in issue than when I left.
More research tomorrow..... would be nice to make that 10k back!
John

Hi
Just bringing myself a bit more up to date, having sold out RMM in 2019/20 after holding for a number of years. Reading the latest production RNS from January I see that apparently gold production went from several thousand ounces in 2019 to 0 in 2020. Is this due to a different ore body being mined, and is Au production expected in the future? Thanks

Yes, thanks Mullins. It was good to get an up to date interview, the interviewer seemed well prepared too. PS seemed more relaxed and able to field questions, though I guess he may have had prior knowledge of them. Certainly has reassured me to look middle to long term, rather than focus what is happening to the shares at present.

Hi SG, I'm not the best to ask but I look at Asian Metals - lithium. Sometimes it doesnt get update for days. Not sure personally where else to look, so hope someone else chips in as I am interested too

Will have another look Broker - do they have a current cost/lb/ Cu produced? Stored at the back of my aged befuddled brain is $2.47 (cant remember if US or Canadian)
Sorry for off topic BCNers
John

Final observation, the recent performance of LAC and ZNWD is probably not helping.

Certainly didn't take much notice today! Never mind, there's always tomorrow

That would have to be an institution(s) surely? The PIs only, in the end, had access to 3% - and that is based on the old shares in issue, which is less than 2% of the current tally. Cant see PIs alone having this effect. Still think its short term sentiment/ indigestion.
Like you I'm staying around, still in profit just about even considering the ones most recently bought. Must admit dismayed to see a close below 45p, that was an important support I think

Hi broker1. I think quite a few of us might be thinking we may have missed something! I personally believe its just short term sentiment, the placing was bigger and more diluting than most of us, perhaps naively, expected. The way it was handled paid lip service to PIs , they seemed to do just enough to say we hadn't been ignored - wheras the truth was that PIs were told so late that only 3% of the available 8% had been taken up before the issue was closed (once the placing closed). PIs rushed in the following day when it opened only a pence or so above the placing, and its languished since. I think its reached a point now that prospective buyers are watching the drip down and are thinking 'i may as well wait rather than catch a falling knife'. So search me, I've not got the foggiest.
Interesting you have confidence in RMM, I was in there in a big way once in the George Ogilvie/ Norman Thingy days. I left when I realised it was marginally less painful to stick pins in my eyes, but I haven't followed it since leaving it at a peak in 2107, and it may have changed. Not deriding it but I found it a typical jam next year company (like FOX and se many others) which I decided would never make a profit, too small and high cost when massive copper reserves are available in low wage areas.