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Read the RNS from the 4th of April
It's hard to say what figures will show for May obviously around 600 would be great, i just want to see progress. What I'm very interested in is efficiency, this is what the previous management failed to grasp. The current team are putting things in place to stream line costs and that is key to profitability & increased output. Yes raw numbers are good but if you can significantly reduce costs and improve efficiency then that's when the raw numbers will increase & become seriously profitable.
Got to like that! I too have added more and averaged down, still underwater but the mine life and resource makes RMM highly attractive.
This is good news, with the award for safety rmm received it shows clear professionalism and improvement... what it means is RMM is being managed properly and is going to do very well indeed.
It can't be genuine sells on that news, its a really positive rns
Agreed, this is solid encouraging work that keeps building momentum. Well done RMM.
Interesting points raised but in reality im banking on the OCP Moroccan government link, plus much of the debate is on 40% of the mine there is much more resource available. The mine itself is likely to be a phased development also so while capex costs increase longer term, dilution to shareholders should hopefully be minimised. For me simply put noone can get potash to ocp one of if not the worlds biggest fertiliser companies cheaper than emmerson as they 30m away.
OK so this is my take on recent raise and upcoming purchase, if NVS had waited to raise funds after an AA offer i doubt many investors would be left, most will keep money and move on. By doing the raise now we locked in... its a little sneaky but I see the logic. If the AA deal comes off none of us will even care. This court case is what concerns me, however ARCM have already said there is no case & the timing is amusing just as a deal is about to be struck.
I also think there will be no JV with AA it will be a straight buy out.
Either way i can understand the rationale behind it, im just not expecoming casa cash and I dont think the market is either hence the drop yesterday. If AA aren't interested they can just cancel the agreement, there's plenty of interest from othere parties.
Clearly there's no cash coming from Casa so we probably had no choice but to do this raise, I agree that this strengthens our hand at the negotiation table... I get the feeling AA were playing the long game trying to force our hand... now with another asset and drilling money confirmed we can continue without them and prove up the tier 1's more in case the deal goes sour. Its not what I wanted but thats business you have to have a back up plan which we have now
https://www.bbc.com/future/article/20210310-the-trillion-dollar-plan-to-capture-co2