Member Info for Midas14

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.

Totally agree. This has been on my radar for some time and have finally bought in. If there is a bid, that’s fine. If not, I’m still happy as, in my view, the company is transforming itself away from traditional coal. Of course there are a few negatives to consider such as Covid-related bad debt and drop in demand but overall, in the medium term, I’m positive about Drax.

New Kainos HQ: Probably a pragmatic decision to re-assess given the current situation.

https://www.bbc.co.uk/news/uk-northern-ireland-52813604

Totally agree - was a bit underwhelming today. To be honest though, I'd rather have a company that downplays things and produces the goods (i.e., decent deals so far and hopefully a decent US deal in the not-too-distant future) rather than a company that only talks a good talk. Considering the current market conditions, steady as she goes suits me fine. A bit of a drop today but will likely pick up again. Was tempted to average down but STX comprises a smallish proportion of my overall portfolio and I don't want to change this at the current moment in time. Will wait and see what the next few months bring. I could be wrong but aren't the Universities Superannuation Scheme still a holder?

I've bought and sold Kainos several times since they first floated on the stock market. However, I sold my current holding today to bank some profit. I still think they're a well-run outfit that will continue to be profitable in the long-term but am nervous about their current, high valuation and whether the government will still be able to spend on things like digitisation if tax receipts start to drop (during any potential recession). While digitisation is probably the way forward, I'm concerned projects could be put on hold for a period and this could impact Kainos' bottom line. If the share price drops by a reasonable amount over the next few months, I might jump in again but a profit is a profit (especially when a lot of my other stocks are still under water!) GLA and DYOR.

Hi SP2

Thanks for the information - it’s very helpful. I suppose my query is the extent to which Feraccru is actually tolerated versus a ‘normal’ oral iron tablet, rather than the rate of absorption. (Sorry, I’m probably being pedantic and showing my ignorance a bit here). Absorption may be as good as IV but if levels of toleration are no higher than normal tablets then that could be an issue? At least in the US the set up for prescribing medicines is different to the UK so they may be more likely to use Feraccru. Let’s hope a deal completes soon. Could be an interesting few months! Whatever the outcome, at least the wheels are rolling in Europe and China.

Just recently bought a few STX as I think they look promising and set for a re-rating post US deal. However, my only concern is that IV iron is given to people who can't tolerate or absorb iron via a tablet (i.e, it's the iron itself they struggle to tolerate). I wonder how much better Feraccru is actually tolerated compared to other salt-based tablets (rather than comparisons with IV)? Must go through some of the corporate documents again. That said (and I'm not a medic), the product still looks promising as a decent oral iron treatment. Fingers-crossed for a good deal in the US and a move north in the share price. DYOR. GLA.

Only getting a chance to read all today's posts now. Some excellent information being provided - thanks to all for sharing. It's sometimes hard ignoring the daily 'noise' and daily swings with this share but, as I'm not a trader, I still believe that in the medium term, this should move higher. Just a matter to holding tight. The price, in my view, is way too low.

Have picked up a few of these today as a pure, speculative punt. Am happy to hold for a while to see where things go once the dust settles. Although it should have been picked up by the company, I suppose financial fraud can happen anywhere. If nothing else, I hope they get their house in order and get to the bottom of this.

Anyway, most of my share holdings are mainstream companies, so I guess this one will bring a little spice to the portfolio! Fingers-crossed!

Topped up and averaged down. Think that’ll do me for a while as don’t want this to comprise too big a proportion of the portfolio. Time to switch off and see how it goes. Good luck all!