Member Info for MU345

Both trail blazing again today. Not sure the future has looked brighter. GLA

They all crawl out from the crevices when there’s a drop
In SP like rats.

It may be a lack of knowledge that makes you think the only form of financing available is a placing. Or an ulterior motive.

Nothing short of embarrassing. But as pointed out previously when they arrive it usually identifies a good buying opportunity.

“There were still 3022 tonnes hedged at $7700 a tonne - no need to worry about daily fluctuations in the price of copper is there?”

The SP will obviously incorporate the Copper Cost as it will be getting sold at next year once this hedged position is complete.

I don’t think today’s the day to sell with copper rising another 2.51% just this morning!

https://www.bloomberg.com/news/articles/2021-05-06/in-top-copper-nation-chile-a-giant-tax-hike-moves-a-step-closer

This really is well placed.

There’s no way these assets are not firmly on the radar of potential buyers. We’ve already been notified of significant interest in 2/3 of the mines. With copper catapulting from recent gains with another 2.51% just this morning it’s just becoming a no brainer, especially as the MCap sits at a mere £46.0m.

Exactly. We have 3x 100% owned copper mines. Little Deer and Whalesback are generating significant interest.. hardly a surprise. The Ming Mine is undergoing re-development and once achieved will be producing eye watering profits.

Huge overreaction this morning. Especially considering how this is currently valued... at peanuts. In a years time I’ll give a thought to how some panicked and sold an undervalued copper producer at the start of a bull run below 0.50 just because the mine needed further funding to not only reach its full capacity but to also to also go on and produce more Cu Sales than ever before.

Whilst given the economic situation surrounding copper, you can almost guarantee any funding terms will be extremely favourable.

Oh.. Copper is also climbing at a rate of knots. From $4000/t in 2020 to $10,300/t and forecasted to climb to $15,000/t+. Gold has also recently started to join the party. The value of those 3 assets is gaining substantially every day.

I also appreciate how the RNS’s are written. To the point. Not only have they recently provided excellent buying opportunities. But going forward trust in the BOD is key, Compared with Vast for example who gloss over everything.

“The Company saw improved development in Q1 2021 achieving the highest quarterly results since 2019. It is anticipated that the rate of production to achieve consistent full capacity utilisation of the mill will be achieved by year end.“

Personally pleased with progress being made in a very favourable macro environment. GL to all LTH

Market cap currently £45,000,000.
That’ll almost be 2021 revenue.
Incredible.

Pecten, perhaps. But this is a long term play, the focus is getting the mine re-developed. a year or so down the line when copper production is at prolific levels it’ll be far more important. When the turnaround is complete and the copper price being sold is $10,300/t + investors will be paying a premium and rightly so.

- Copper sitting at circa $10,300/t and rising exponentially
- Little dear and Whalesback mines are generating significant interest.
- Excellent progress in mine redevelopment
- Solid drilling results
- Debt Reduction

What you also have to remember is the company is currently valued at peanuts. £58,000,000. 2022 revenue is likely to exceed that alone just from the Ming Mine. Confirms my conviction here. Marvellous.

“The Company has received a number of unsolicited offers of interest in its Little Deer and Whalesback Mines and is actively seeking arrangements that can advance these projects while retaining significant interest. These deposits have existing NI 43-101 Resource Statements which are in the process of being updated.”

As copper continues to soar the value here is increasing substantially.

The ball is in our court. I’d suggest 67.00p worst case.

Selling below 60.00 is nothing short of crazy.

I also added a lot. Opportunities to buy don’t come much clearer

Being able to buy at 50% discount to the recent placing isn’t an opportunity I’m will to pass up. GLA

Continues to soar.

Hard to believe RMM is a direct beneficiary of the rising copper price given how they’ve both moved recently.

Perhaps just shaking out the weak hands, as fundamentals have never been stronger.

I added today also. Very happy with the fundamentals here. GLA.

4.0p finish?

Buying pressure building.

Could be very prosperous here next week once the winder market is aware of this.

Opportunity to add whilst it’s still substantially undervalued.

Added.

That pipeline is worth substantially more than the current Mcap. GLA.

Alyehels. Play a new record please.

Took a chunk. Nice buying opportunity. Precious metals
Continue to move higher. Excited by the prospects here. GLA.

Exactly. Great RNS. With copper trail blazing we are now in a far stronger position.