George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Copper remains strong. Forecast revenue of over $100,000,000 in 2022. Current Mcap doesn’t even cover assets.
All bodes excellently well for a prosperous future. GLA.
This was over 4p a few months ago. I cannot imagine much selling at 3p with these significant drill results and more to come.
Anticipating YTD highs in the near future. GLA.
Moving upwards very nicely this morning.
Assaulting the $4.40 range.
And almost solely due to the stope collapse the companies market cap has more than halved from around £65m to £30m.
Phenomenal.
Copper rising sharply today. Interesting to see if it breaks the recent $5.00 highs on the approach to 2022. Demand is only going to increase from current levels whilst the supply deficit grows.
“do I seriously need to go on “
No. I think I speak for us all.
Parasite.
Anticipated saleable Metal 2022:
10,229Cu/t
2,923Au/oz
Providing revenue of Circa.
$101,479,882.5 for Cu
$5,261,400 for Au
Then you have all the future years of profit generation for the life of the mine which stands at around 15-20years. Whilst retaining 100% ownership of Little Deer/Whalesback assets.
Placings make sense for companies who are not revenue generative. A loan is ideal here, providing funds for development and realisation of the full asset which backed by increased global demand for copper and in turn a rising commodity price will be game changing to the companies future prospects.
Looking forward to a 100% increase of tpd to 1500 by 2022 followed by 2000tpd by Q4 2022.
Expect this to settle in the 40s and gain momentum in line with the turnaround progress. GLA.
Worst case we assault high 30s this week imo.
Long term investment case continues to improve.
GLA.
11%* I think it goes exponential this week. Particularly due to how oversold it had become. It was valued at bust but fundamentally is setting itself on course for a very prosperous future backed by a rising commodity price. Very positive here.
Now that is what I call an RNS! Brilliant!
The only reason this moved so far from the previous 63p high was due to the uncertainty and what some thought was a high risk of placing.
Now we have certainty and no risk of dilution. Not to mention the significant progress which has been made.
“2022 will see steady production rates of ~1,500 tpd through H1, with rates climbing through H2 to reach 2,000 tpd by end of Q4 2022. The contractor development project is expected to finish in Q1 2022 following which company crews will maintain development at ~5,200 meters for the remainder of the year.“
“During H2 2022, the ore sorter, which will remove waste/low grade material from the material brought to surface and upgrade the remainder of the material prior to sending it to Nugget Pond for processing, will be ready for commissioning. This is expected to materially reduce the all-in-sustaining cost of production at the Ming Mine. The waste which is pulled from the feed to the ore sorter will be stockpiled on surface in preparation for returning it underground as backfill.“
40p+ today followed by an upwards trajectory as we move towards 2022. Very confident YTD highs will be broken shortly.
The Confidence from the BOD is also well received.
Hardly a surprise this is rising today. Valued at peanuts.
“Theregulator1
Posted in: RMM
Posts: 77
Price: 0.40
No Opinion
RE: Sub 40 today !!12 May 2021 12:23
Why share price not moving today.“
“Theregulator1
Posted in: RMM
Posts: 77
Price: 0.39
No Opinion
RE: limit orders26 May 2021 15:44
yes it will go up or yes it will go down?“
“DJG123
Posted in: RMM
Posts: 793
Price: 0.60
No Opinion
GGP Buying RMM Out ?03 May 2021 13:53
Did I read right recently that GGP were interested in buying out RMM ...
Or that an offer to was imminent. ??“
You have one de-ramper questioning daily SP movements and the other asking whether RMM are going to be bought out by a gold mine in Australia. Embarrassing. If you take any notice from these your putting yourself at risk.
I think the fickleness here is staggering. Mining operations have had a stope collapse, this impact is limited to 2021 with multiple stopes being available in 2022. Once funds are generated to cover this minor issue all is back on track with a copper price that makes almost anything achievable.
You look around at other companies, Jubilee for example who are up 800% in the last 12 months and wonder surely that was an obvious buy at the lows... then you read the comments here, which are significantly influenced by the short term SP fluctuations rather than the future prospects.
Grateful for the opportunity to add shares at these levels, wasn’t able to acquire enough the last time the share price was all the way down here.
Copper spot holding nicely, moving towards 2021 selling unhedged and several stopes to be open.
Long term potential remains equal to when the SP was at 63p 8 weeks ago. Once this short term hurdle is overcome and the mine turnaround continues to progress the SP will be in upwards trajectory.
Even just returning to production achieved in 2019 would deliver substantial profits at these copper prices. I think that’s the minimum we can expect.
Initial target 125p.
I don’t see any cause for concern coming from the company. “Our company has received substantial financial backing to set it on a new course for a long and prosperous future.”
They’ve just advertised for a “Student Summer Employment” hardly a crucial role if the future was looking at all uncertain.
Copper continues to sit 100% up from this time last year. Operations have have had at least 6 months turnaround progress. Large number of senior positions have also been filled.
It is all ifs & buts until we are made further aware from the BOD. However, if we receive an RNS next week that we have received asset backed financing or a JV to cover the funding shortfall until 2022 where we are at full production and selling unhedged, along with details of further turnaround progress this will undoubtably challenge YTD highs on approach to 2022.
This always was a 2 year+ hold. Very confident we see at least Toby Bradburys 125p options in that period. GLA.
Some get overwhelmed by the fluctuation in SP. I believe the minor setback is limited to 2021. So 2022 onwards remains unchanged. Copper also sitting nicely at C$4.35, all bodes well. Targeting an SP comfortably in triple figures over the next year or so. GLA.
As pointed out previously, this is priced as bust however you look at it. So not sure how much more SP damage is possible. There is complete focus at the moment on the negatives, I expect that to change once we have some further info from the BOD.
Understandably. Long term prospects remain relatively unchanged.