Member Info for MrExec

- 7 mil revenue in Q1 on based on 850 tonnes and some gold ...
March onward revenue should be based on 6600 tons new production guidance less Q1 production
*$7700 x (3000 tons left at 2021 hedge price) = 23.1m usd
*$9500 x 2600 tons (actual higher copper price) = 24:7 m usd
Add 3mil usd for gold plus plant sale @ 2 mil usd

I calculate revenue to be around 52 mil usd for the year which means things aren’t exactly bad! The 2020 hedge price was awful and that’s finished now anyone who says we won’t benefit from a rising copper price this year is an idiot.

Tardis without going back through all the RNs I believe we have circa 3000 tonnes left to sell at $7700 so that means that the other half of production this year will be at the spot price which is now drastically higher than ever anticipated even a few months ago. I assume all the free cashflow will be spent improving the mine infrastructure along with any new finance cash. There will be some kind of JV for little deer which will bring in unexpected cash, this combined with the mine set for an incredibly profitable 2022 will send the SP soaring and I’m certainly not selling up to chase rainbows elsewhere.

MU so the value of all the copper in the ground at little deer is circa $650 mil at today’s prices? If I’m correct a mining co could easily pay 5% (roughly $30 mil) of this and still have significant upside after extraction costs are factored in.

The more I think about it why would they kill the sp before doing a placing, copper now over $4.70 a lb the mines alone doing nothing would be worth the current Mkt cap. Debt is minimal so shouldn’t be a problem taking on 5/10 mil at a low interest rate.

5 mms now on .43 looks like they are getting read to move this up again now panic is over

As others have mentioned it’s unlikely that they would pre-announce a placing, it would appear that even if there was a placing announced now it would already be priced into the market due to the bloodbath after the RNS. My hopes are some potential JV partner will provide an upfront payment as they have “multiple unsolicited offers” which means demand is high for mothballed mines. It would make sense to take that money and optimise the Ming mine whilst earning cashflow from the JV. This could be transformative for the company, TB appears to be a matter of fact guy and the coms isn’t great but we have many more doors open to us now and the copper price will ensure that he is able to take the most favourable option on the table. Maybe a highly regarded institution wouldn’t lend to RMM unless there was a consolidation we don’t know. Would I be concerned if copper was $3 a pound yes I would but not at over $4.5.

My money is on next rns being a JV for little deer with an upfront payment to assist with Ming mine development.

So after today’s panic sellers are out we know the following :
1)copper going to surpass ath soon
2) the company needs some more cash for investment to generate massive cashflow for the future- debt will not be on punitive terms like before
3) we have a potential jv on our hands for a currently non income producing asset
4)circa 6 mil in the bank

Can’t see them doing a placing when consolidation is around the corner, maybe it’s just me but surely they have other ways to raise cash now the price of copper is at ATH

Or anty here is an alternative view, the short term punters will move on and the people who see the big picture will buy in. TB clearly doesn’t pump his RNS up like others on AIM - key takeaway for me is that we will have another mine in operation as quickly as possible “retaining a substantial interest” with some kind of JV happening soon. A few weeks ago the mothballed mines weren’t even really a thought. I have just added some funds to the wife’s isa to take advantage should the opportunity arise

Looks Like the Next Rns will be some kind of JV for little deer which will send this to the moon

Copper flying again... RMM will be paying dividends soon due to so much excess cash

Excited to be in here at the ground floor, looking at the value that’s on offer and the macroeconomic conditions it’s just going to require a bit of patience before liftoff

17th March RNs states they will complete the transaction within the next month. Any idea why this hasn’t happened yet? Probably the start of a SH sort of delay . Anyone contacted tradeflow to see if they are aware they are being bought out ?

Ohh well someone is loading up...

Some very nice looking linked buys ... Positive RNs due maybe

DJ I’m hoping by the time consolidation comes around we will be nearer the £1mark not 60p ....

Where has charlie 1985 gone ????

Can anyone with experience confirm if the share consolidation could be the first move from RMM to move to the main market and move away from AIM ? As in rmm is going to be so big AIM is not befitting of such a company ...

Ah just went through 3 hours ago

Where I can’t see the 15k buy ???