Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There’s been plenty posted today on the planned share consolidation. I personally consider this to be extremely positive for shareholders. As a retired fund manager I think it would have been highly unlikely that any institutional investor would have been able to initiate a position a Rambler whilst trading at such a derisory level ( i.e a fraction of a penny). Firstly a share priced at this level would be unlikely to screen well when searching for a copper producer as the price would more than likely affect the screening process. Secondly the hassle of trying to get this investment passed by a risk committee or compliance would be prohibitive. Let’s face it, most companies priced at 0.6p are normally going to the wall. However post the consolidation I suspect we may start to see the emergence of some genuine institutional investors and hopefully brokers may begin to initiate coverage on the company. To my knowledge institutional coverage ceased some while back. I’ve been invested for a few months now and remain extremely positive on the macro drivers for copper, the transformational turnaround that’s underway with the new BOD and the incredibly cheap valuation. I firmly believe that RMM prospects are greatly enhanced post the consolidation. GLA
They’re probably got data from a forward contract but it’s certainly not a spot price for copper today ......probably will be in the not too distant future though :)
I’d give that up as a site then as it’s never been anywhere near that level.
Hope nobody followed Bocey’s attempted ramp ....this share doesn’t need ramping with false information. It’ll do fine on its own merits
Bocey can you please evidence that price with a link please ?
Luke
Click on the intra day and It’ll show you that the price chart hasn’t arrived at 28/4 as yet
As a long holder of RMM the price of copper “live” is currently down O .4% today sadly but has rallied from being down 1.5%
Bocey ...hope your right but COMEX is currently down 0.42% on Bloomberg TODAY
Where are you getting the price ?
MrExec unless you have a paid for Bloomberg access the LME prices shown by Bloomberg in Tonnes is always 24 hours out of date. The COMEX spot is the up to date price available free to all
Currently down $5.6
Not sure where posters are looking at the copper price but it’s sadly down $6 overnight
Wasn’t expecting the opportunity to buy more cheap ones
These were issued last year as part of the debt for equity swap and are known about. Not a new dilution
That’s the total number of warrants issued and rather than having to announce each and every time an investor exercises their warrants, this block listing satisfies the listing requirements in one block announcement. This does not mean these have all been exercised as it’s just done to save RMM time & money by not having to issue a multitude of RNS announcements.
This should help ...although it’s from shares mag ( dross) it gives all the relevant drilling data from 2014
https://www.sharesmagazine.co.uk/news/market/LSE20140522150008_011962378/Little-Deer-Drilling-Update
Cornish, many thanks for highlighting that our new Chief Mining engineer has recently joined us from Kirkland Gold. To me this is startling news that we’ve recruited a highly experienced individual from a $14bn company to join a mining minnow. This appointment alone, confirms the quality of our assets and the upside to the opportunity at RMM. Clearly TB is able to demonstrate the size of the opportunity for recruitment purposes and it won’t be long until this is reflected by the market in our valuation. Exciting times & GLA
I don’t think it’s the placing stock that’s been the major issue. It’s been the debt of equity investors (.2p) selling as they’re typically bond holders and not holders of equities. The placing at 0.3p was three times oversubscribed and SP Angel could afford to be choosey as too who they granted stock. Typically small company investors who they know and weren’t likely to be short term flippers.
I’m of the opinion that LO is still actively supplying stock to the market. Over recent weeks it appears from the prints that they’ve been reducing with block trades whilst using a volume related algo to feed the market without causing market impact. They are not natural equity holders and I suspect they will continue to sell down to zero. With over 1 billion traded this week I suspect we are approaching the time when perhaps one of the better capitalised market makers such as WINS or Peel Hunt will take a final chunk from LO and move these considerably higher. Enjoy the ride and GLA
That forecast goes out to 2025 but raised to $11,000 for current year 2021 .....a significant bonus for RMM
Little Deer is only 30 km from the Goodyear's Cove port facility.