Member Info for LaurenLouise2

Having too many shares in the company may undermine the independence of the non execs......
So criticising them for not having more skin in the game is wrong...

DLA Piper , UBS, KPMG......
They all have different roles in a sales process....
Ask yourself...why have KPMG been brought in now...

Does engaging with KPMG not suggest we are further down the sales process to a point where we now need their services...
It does to me....

The company would rather say nothing about the sale in the current climate,but it has to say something....
It wants to keep the lowest profile and draw no attention to a sale...
This is good for Russia....
But bad for UK markets....
The less said the better at the moment...
The company needs to make the sale and ensure that the proceeds are in a safe place ,and keep the lowest profile before any announcement.

K2 saw an opportunity to make quick money.....possibly saw RMM as an acquisition target...and now they don't.
You can't compare k2's view and actions to that of small investors (ourselves)...
What makes no sense to us does to them..
Stop obsessing about them.....their actions are not about their view of the company.....it's about their rules and money making plans...
..

P/E ratio....
Firstly our current share price is reasonable because we don't have any earnings...and we've disappointed the market...

On a more positive note...

It is said by some on this BB that Rio Tonto only has a p/e of 5 and they pay dividends as well...so we should not expect any higher...

This is an incorrect assumption..

Paying a divi is irrelevant as the money is either in your pocket or remains in the company..

More importantly Rio has been in business for decades and it's price is not going to dramatically increase so it will have a low p/e..

If RMM can convince the markets that it will produce reliable,growing profits, over the years then it will be viewed as a growth stock and we should see a much higher initial p/e because institutional investors will pay a premium for future growth...so expect p/e of 15 to 20..

For successful growing businesses the p/e always comes down each year as the profits grow...

I'm not an accountant, but....
The 11m received aided our cash on hand, but it can't be taken to our P&L account in one amount.
So the amount of gold it represents will be taken on a monthly basis through out this year and subsequent years.
So this arrangement for our gold will affect positively our profits for this year plus the amount of gold we sell in addition to our arrangement.

Lekka , look at price per pound and price per tonne. Divide. 2000

Lekka ,I think you'll find that copper is priced at a price per pound that assumes 2000 lbs per metric tonne. If wrong then scenario is even better.

Board has reiterated 7000 tonnes.
7000 tonnes
x 2000
x 4.42
Is about 60m
In pounds is about 50m
Say, costs 30m
Profit 20m
P/E of 8
Market cap 160m
Share price £1

Conclusion: We look forward to Eurasia completing on the sale of its Russian assets in the relative near term and on the transformation of its business through the acquisition of new mineral assets outside of Russia.

The company must have believed that an event that required suspension was about to happen....
That event could have been very good or very bad.......we don't know yet...
But the deal hasn't been called off and neither has a sale been completed....
Still all to play for....

The reason for suspension with notification of a forthcoming announcement can't be for a simple reason...
If the company had been informed that the deal was off , then that is simple and immediately informable via RNs....
If the companies assets had been seized then again that is immediately informable...
So my feeling is that a more complex event is about to take place....

Analytical, You said.,...this is not a slow burn, this is a prove it first burn...
I really agree with that statement.....

Once the markets can see that we are capable of hitting our targets , then I expect a re-rate that will take our market cap towards ten times our EBITDA.
Not overnight....but at a reasonable pace.

Ah.....Moonie.......

When you moon , do you show all of your buttoc ks ?............

Much more interesting is how do the moon squad perform this act?.....

I'll leave to everyone's imagination what fo stands for !.....

So you want the CEO to state the 3 greatest risks the company faces.......are you kidding!!!..........

Let's ask Boris what the 3 greatest risks the country faces...

Er...hang on...I know the answer to this..
Ah..yes...the country could go into recession.....the health service could run out of money....and COVID could return in force...

Headlines next day.....prime minister forcasts country will go bust as health service fails to control terror COVID invasion....

The CEO understands basic PR...

You want an update on progress with sale......are you joking?
In normal times no update would be given unless a sale had happened or the process terminated.....
In the current climate the BOD are doing the right thing keeping a very low profile and radio silence, unless necessary.....
No news means interested parties still interested.......if they had withdrawn then company would have to tell you....

Much amusement...
Why do you back a horse?....to make money I hope...
Do you have any loyalty to that horse?....no you don't
I back ggp to make money.....as you do ......
I don't object to shorters, because they have a different view ,and back it with their money.....
Face up to it......everyone is here to make money...some people have a different view as to how to do that......
But the long term dreamers we have here are not open to any discussion that spoils their pure dream....
nite nite

Gosh .....Bamps21.....I fell asleep reading about all those assets.....very impressive.....
The question is though...why is our mcap not equally impressive?....
Probably because our 5% sale seems to have stalled ,as far as the market is concerned........and the 5% sale is such an indicator of value, that it creates uncertainty in the market and our mcap stalls.....