Member Info for Know0

Cornish - I dont!!!! it was just my nice side coming out!!

Agreed 4TLT

However TB said this week that cost should be circa $2 per lb and can go lower with projects - your tonnage used (should be as you say) conservative - think this will be much higher in Q1 as higher grade and full production and world class recovery

Then you have gold (and silver) credits to add - I expect 2022 (other things remaining equal) to be closer to $50M than $26M (this is MY research)

Then we have LD/WB (I have a stake in an explorer - WSBN - and their mkt cap is about GBP 20M) so if LD/WB was a separate company I would expect it to be valued at about the 20M also.

So MM is essentially valued at 30M with expected circa 50M PROFIT (after tax because of losses brought fwd)

Im not bothered as it will correct soon - (for disclosure my investment is approx 400k - i added approx 90k at circa 20p or below when others on here were flapping about the finance)

There will be IIs that will start to take stakes here in the next 3 mths so expect crazy "unexplained" swings

Ive never lost any sleep on this investment and know it will eventually be life changing (in that retirement will be much sooner than planned!)

Since typing this my buy order has been hit for a few more! I feel bad - its like taking candy from a baby for me at these prices but DYOR

GLA

Earlof Aim - I only have 5k invested in here - but have 400k invested in RMM - that is the most undervalued (and now profitable) mining company on AIM!

Great to see this do well and a reasonable profit % here - Makes up for the pending dilution in GGP!

Good luck all

I think the likes of Schroeders who added to their substantial holding in the 46-48p range are likely a little better informed as to where the business is going

The savings made and the contract wins (said to be greater than 10% earnings) still make this share undervalued

However, I dont believe CPI will get to its true value until dividends are restored (and the company stated they would look at that end of 2022)

So until then there is lots of cash to be made from an undervalued company that really cant go much lower in SP now (maybe 10% at times) December trading update will be catalyst

GLA and pls DYOR

Suggest you ask the question rather than state it as fact if you dont understand it

We have an asset with $BN's of revenue to be extracted and Toby suggests at $2 per lb (and we can still work on projects to save more)

All for a market cap of under 60M quid!!

World class asset at Ming and a known resource asset at LD/WB

We will be bought out within a few years for sure - the IIs that we will now be attracting arent coming here for SP of a quid or 2 - they will be wanting significant multiples

Some of the participants on the call yesterday were IIs and PE advisors

The traders will trade and no issue with that (I trade a separate pot myself) - but I expect significant word on LD within the next 3 mths - Toby said yesterday that they have updated the dataroom for potential partners/buyers etc for LD. Such news could double todays SP on its own

DYOR guys but when a CEO states publicly that there isnt another miner with such assets for less than 60M Mkt Cap, many of the big boys will seriously take note

GLA

If you were that dull to not know where Vancouver was compared to where RMM are, it would've been quicker to google it than type this useless post - green boxed

Agreed after todays drop, although I dont think we will get as low as 42p - hope we do though as that is serious buying territory for me!

Not worried here at all - when this moves it moves quickly and pretty unexpectedly!

DYOR - GL

Darren Buffer - Ha! ha! ha! ha! ha! ha! ha! ha! ha!

thats all

Hi all - we are in an ever decreasing tighter spiral - it will soon move

Added a small amount yesterday - these prices are just too good not to IMO

With no news expected before December trading update, we just have to wait - still expecting this to hit high 50's even 60p before Xmas - that trading update should give us a clear indication of what to expect for the FY financials

About this time last year we were higher than now!

With the turnaround that has been achieved its clear to me that this will only see FV when Dividends are being considered

So much good news this last year and still 47p - bargain!!

DYOR and keep milking her!

GLA

Not sure 2007 Mkt Cap will be relevant - such a changed business - I think you would be better trying to figure out with expected profits and some form of multiple / DCF what it should be in 1,2,3,5,10 years - and see what your appetite is for when to sell

That is more likley to be of greater use to you from this point

GL and pls DYOR

Investor call is Wednesday!!

at a fraction of the shares in issue

When we got to 60p we had a Mkt Cap of Circa 60M quid - today our Mkt Cap is a little over 50M quid but SP is 38.5 (ish)

Forget SP - its Mkt Cap that is important and how you calculate what Mkt Cap you think the business should get to before you sell

IMO we will see off these sellers in the 30s and will reach the next bunch at 42-45p

Depending how quickly these get mopped up will be a factor as to whee we get to before Xmas

Finally, with a mkt cap of 50M we will now be in play for niche IIs - there can be little else around that is just over 50M Mkt Cap with the opportunity to realistically 3-5 bag within 18 mths - lets see if an II moves in here in the coming days (lets hope so because that will mean price will stabilise at a minimum

GLA

the closing fee is a one off you pleb and would be deducted before balance transferred

Lucan - suggest you change your calculator pal - the debt is tiny compared to 2022 expected profits

All - its because of posts like this that we share much more info / support documents etc on discord

https://discord.gg/GTGU6wh7

FTSE Investor - at least 2 years would be my guess - need to prove what they say they will do first

Only when we are doing what it says on the tin will true future profits be taken into account IMHO

The mine has a potted history (but only ever had enough cash for one stope) but 2021 has been a watershed for RMM - and with copper so bullish we need to be patient

DYOR

Sorry Egg. It’s my 2023 turnover estimate. With 2200 Tpd, $10k copper at avg 2.2% and Gold and Silver credits.

As Cornish said, 2022 hopefully $100m

Apologies for misleading post above saying 2022

DYOR

GMAN - Stuart confirmed to someone here that they would be updating on Q3 in first week of Dec.

Hopefully they either use this to update for FY, but I hope they will also do a separate trading update RNS for end of year - either end Dec or early January

So unless things have changed they had confirmed an update first week Dec

GL

no - many sells showing as buys - prices all over the place

Whatever, dont care about a few % up or down here - its when we get the next few steps that will sort it out

JG - Im guessing that what they are saying is that we will get the Q3 full data end of this month with the investor call start Dec, but I suspect they will give an indication of FY close to end of Dec - they will know materially what that looks like before Xmas

If this is the plan, then they must know they are releasing good news - if you remember, they did one for H1 end of June - all was good and share was taken doen before official results were out - but those of us that kept buying as it dropped made a fortune when the official results were given in Aug (yet CPI had already told us end of June that it was all good, so no brainer really!)
GLA

Most of us arent invested here for 60p - we are looking at 160p first slice - this is 2quid in 2 years IMO - and that excludes LD opportunity

Mkt cap now 40M - revenue 2022 approx 175M - go figure!!

Once they show those profits and consistantly achieving more than 1350 tpd, we will fly

GLA - DYOR