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Bought a holding here today as I think the share is undervalued. At the risk of revealing my age, I once held shares in Dana Petroleum (of which Tom Cross was the CEO) and did quite well out of them (if I remember correctly!).
Like all equities, sometimes prices don't reflect the true value and sentiment can play a large part in share price movement but hopefully it all comes good eventually. Anyway, just my own take. Good luck all holders.
Have held RMM for some time and, perhaps wrongly (time will tell), topped up on Friday to lower my average price.
My own, rather simplistic and probably ignorant, view of the RNS is that we have a proven business in terms of the mining operation itself (with multiple stopes now open so we're no longer a 'one trick pony') but we need to reorganise legacy (and other) debts to make this work. Will be an interesting few weeks ahead bit I certainly haven't given up hope.
Tend to agree that this is a bit unfortunate but hopefully the goals/targets will still be met, just slightly later.
On a positive note, I'd still rather be invested in a relatively transparent company that explains in advance the reasons behind potential timeline slippages. In the end of the day, there are still positives on the near-term horizon, like the end of the hedge etc. In my opinion, the drop today is a knee-jerk reaction.
Have always been sceptical of crypto (due to lack of underpinning assets etc., etc.), but, during December, was thinking about buying some as a bit of fun just to see how they played out during 2022. However, after much consideration, I ended up using the money to buy some more RMM instead as this not only lowered my average price paid but I felt there was a better chance of a positive, upward movement over 2022 while crypto (in my opinion anyway) is a 50-50 gamble. Now have a reasonable holding of RMM so it should be an interesting year. Am generally very positive about the company. No bells and whistles, just steady as she goes as it becomes a profitable company. Good luck all.
Saw that this was tipped yesterday in an interview on the Interactive Investor channel on YouTube. Probably doesn’t tell us anything we don’t already know but thought I’d mention it anyway (apologies of this has already been posted here somewhere).
Have had these on my 'watchlist' for some time and decided to buy today. The main reason is that I essentially like what the company are doing re: in-game advertising as I believe there is a lot of opportunity for growth in this area. However, that said, I would also like to see the company maximise monitisation and start being profitable. I appreciate they don't have many years of commercialisation behind them, so the next year or two should make things clearer. Good luck all!
Bought a few of these on the drop as had been looking for something like this to diversify my portfolio. In the end of the day, it's still a profitable business and while trade might tail off a bit, I don't think it's going to disappear any time soon. Speaking as someone how "just about" remembers share certificates and selling shares down at the the local bank etc., I think the younger generation are well versed in the idea of investing and trading on their phones and tablets. CMC is well positioned to continue providing these services. My other thought was around the number of brokers/platforms and whether, in the future, there could be some consolidation in the sector? Just a thought. As always, DYOR and fingers-crossed we all make a few quid.
Have been watching these for a while as I think they look promising with increasing revenues and profits over the last few years. Furthermore, when looking through the top 10 holdings of some of the "UK Smaller Companies" funds, I also noticed them cropping up a few times. Anyway, due to the recent drop in price I've taken the plunge today and tucked some away. Judging by the amount people spend on games these days, hopefully they will continue their growth story. Good luck all.
Can't help feeling that there has been a disproportionate focus on the finance issue contained within the RNS, without any tangible detail being provided yet by the company. We can speculate all we like but until we hear, then that's all it is...guessing. Granted, financing is something that RMM may need to deal with in some shape or form but aside from that, I personally found the overall RNS positive as there has been great progress with moving the mine forward. With the best will in the world, businesses have to deal with delays (I know in my own industry they happen all the time - just one of those things - get over it. This is an equity investment and things happen from time to time - RMM aren't the first and won't be the last). The company have been upfront about it and, as long as there is still progress towards the end goal of becoming more financially secure and making money from the resources available, then I'm happy enough and won't be changing my position. GLA LTH.
Having ended the day with more RMM shares than I had at the start, my views haven't changed. Businesses lay out their plans for recoveries etc., etc., but even the best ones don't always go accordingly. That's life. From my perspective, the company have been upfront and honest. I'd much rather they are straight about potential issues and then produce the goods (albeit later than hoped) than promise the world and produce nothing (I've seen this many times ). The issue was probably that the share price was a little ahead of itself in advance of concrete news on progress and people were expecting miracles. Its still up from a few weeks ago. As for funding, this could be undertaken in a range of options from joint ventures through to an issue. Like any investing, spread your risk and don't invest what you can't afford to lose. Will be interesting to see how this one plays out. I still think it'll come good (but could be wrong).
Very strong reaction to the RNS this morning, possibly overdone? Things crop up in all businesses sometimes but as long as they’re dealt with. The company is still heading in the right direction. Have just used this as an opportunity to top up. Should hopefully be back to where it was very soon. I’m just sitting tight....
Bit disappointed that it dropped so much today but that's how it goes sometimes after a decent rise. Am still in profit here and have no intention of selling any time soon. I've set a target date later in the year and will review the price then. Don't get me wrong, when I see a share drop (like today) I sometimes think about locking in profit but this hasn't always served me well in the past. For example, when I took profit on Boohoo having bought in at 26p or Kainos at 280p. I could have made substantially more by just holding on and ignoring the noise. Anyway, hope the RMM update is decent. Even if there are any delays in the mine's turnaround, as long as the company acknowledge them honestly and deal with them that's all you can ask (and I'm not suggesting that is even the case here). Will be holding RMM for some time yet to see how this plays out. Mind you, would rather be in RMM that a cryptocurrency as at least there is an asset behind it! :) [Just my views - DYOR - GLA]
Great to see RMM beginning to re-rate. Have to admit, when I saw my share holding displaying a rather nice profit today it crossed my mind to sell and try to buy back cheaper. However, I've tried this before with small-cap shares and have been burnt a few times. Difficult as it was, I managed to sit on my hands and stick to my goal of re-assessing my holding in 12 months' time. This share still looks extremely promising and we haven't even had an update yet. I think I'll have to stop checking the price so often and trust in my assessment and just let it do its thing for a while! GLA.
Interesting that some have mentioned a take over.
Was looking on social media last night for general comments/information about RMM (was undertaking a bit of a random trawl) and saw at least one person actively discussing this. Obviously everything on social media is taken with a 'huge' pinch of salt but from my own perspective, a potential take over certainly wasn't the reason why I've bought in here as I hold this as one of my medium-term, slightly more speculative, holdings. Hopefully it'll eventually return some reasonable profits. GLA.
Fair point re: SOLG! :)
Have to admit, I'd like to add to the RMM shares I already have to bring my average price down a little more but have tried to maintain strict rules around the percentage that any one share comprises in my portfolio. I already have one other smallcap mining share in SOLG so, although it has crossed my mind many times , I'm holding off for now (on that basis alone).
Have a small holding of RMM myself and totally agree with your views on Bitcoin. Don’t get me wrong, I wish I had invested some time ago and made a lot of profit but I struggle with the whole (largely) unregulated nature of it. As for it being a currency, can you imagine if Sterling or the Dollar had percentage changes like this every day? There would be carnage. My personal view is that it is more of a gamble than investment but people have other views which is fine. Maybe if it drops a good bit, I’ll dip a toe in as a bit of fun. Will see.
Apologies if this has been posted before.
Nothing new in terms of info but SOLG still get a mention so thought I’d post the link.
https://www.mining.com/bhp-to-ramp-up-spence-copper-mine-expansion/
Yes, some very good points - biomass is basically combustion and releases particulates but then again, so is gas (albeit a bit cleaner) and look how many gas plants run. You're right though, wind and solar certainly are pushing prices down (in some cases causing negative wholesale prices) but, in terms of 'prudent' generation mix, I personally think biomass with be around for some time yet. Some reports think biomass usage could triple globally. Even if the majority of GB demand was to be met solely by renewables such as wind and solar (Ireland are heading for 90% SNSP), I suspect units such as those at Drax may still have to support in some way - at min gen or something (I could be wrong?). Mustn't forget that wind farms also get ROCS - often a significant revenue component - so they have that risk too.
As for forex risk, I would have thought a company such as Drax would have some of this hedged going forward as part of their normal business activities?
Personally I think they're heading in the right direction. Still better than coal!
In terms of batteries , many traditional thermal power plants already use them to provide support services to the grid - do Drax have some too?
Anyway, interesting times. I'm happy to hold for the time being as I think the share price has more to go. Time will tell. Fingers-crossed!!
Good to see the share price moving north last week although, in my opinion, I think there's more to go. Renewables like wind etc., are fine but there are only so many can be accommodated on the grid and, generally speaking, don't provide things like inertia. At least biomass is an alternative renewable. Fingers-crossed for another good week. GLA.