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Whilst copper has been moving up exponentially. Rambler hasn’t shown any correlation.
If had been tracking copper it would be considerably higher than the current SP.
Nice to see copper on the move again.
Think it’s just a case of the “markets can remain irrational longer than you can remain solvent.”
It’s clear there is far more value here than the share price is representing.
Whilst this fundamental value continues to grow each day.
Almost a 40% swing from a couple of days ago.
Don’t expect it’ll be long before we assault 3.0p region again though.
That leaves 50% capacity at the higher rate, excellent.
I’m reading comparisons between PERE and RMM, those investors need to do their DD. It possibly has upside given booming copper price, I’d looked at PERE at 3/4p but decided against it, fundamentals don’t weigh up at all imo.
I’m sure share price performance will reinforce this.
I have a no. of stocks subject to the commodity boom (particularly copper/lithium/cobalt/Magnanese ect). But as an investment opportunity RMM comes out far superior.
Copper is trail blazing smashing multi year highs. Yet RMM are sat at multi year lows with half of our mcap as cash.
I’m certainly missing something.
Interesting to see how much longer this buying opportunity sticks around for.
This is a coiled spring.
Current share price is completely irrational.
Share price is hard to understand at the moment. Cannot help but feel a break into the 0.40-0.50 range is well overdue on the strength of copper alone.
No doubt those figures will be far exceeded in due course.
Copper continues to go from strength to strength, up 1.70% again today.
Regardless of what the Share price suggests, the value continues to increase here each day.
Purely superficial drop this morning as copper continues to hold all its substantial gains over the past few weeks.
Looking at Mcap and cash in hand, as the mine continues to progress 1.0p certainly does not look far away.
It’s not so much topping up on a failing knife. It’s the opportunity to buy in at a 50% discount to late last month.
Fundamentally, I’m not aware of any changes to prospects? Cash vs Mcap is what makes this so appealing, to me anyway. GLA
“The key thing for investors to note is that once events are under way (super cycle) the price rises tend to go on for some time due to the fact that it takes well over five years to get a new mine up and running.”
There have been 6 commodity super cycles in the last 227 years. The fundamentals are extremely strong for the bull
case.
The opportunity represented here is simply unparalleled.
Buys heavily outweighing sales again today. Hardly a surprise especially as copper continues to rip.
Thought we may have tagged 0.40 today, no doubt we will as soon as the churn is done.
Haha. I’m sure that £500,000.00 buy on Friday was a novice trader who hasn’t got a clue what they’re doing...
As I’ve mentioned, this is the beginning of the re-rate, new management, fully funded, copper price souring. I’m perplexed that anyone would even attempt to deramp this, talk about undervalued, but RMM really takes the biscuit.
The buying pressure on Friday will no doubt spill into next week. Smart money is loading up as the prospects here are staggering.
Placing 3x oversubscribed, copper trail blazing. It’s stone wall bargain sub 0.50 imo.
Few sour apples on here.
I wouldn’t worry, I expect a buy below 0.40 may be possible on Monday.. well.. if you’re quick!
It’s common knowledge that this has serious legs, whichever and however you look at it. GLA.
+2.80%.
Profit margin continues to increase.
Won’t be long before these cheap shares have gone. The buying is relentless!