Member Info for NettlesTheCat

Thankfully down (from a purely selfish perspective) - still waiting for Pension to SIPP transition!

...that said Svend, maybe perfect timing to get Copper on the low? All I know for sure is that ALL mining is finite with maybe 5 years left so time to get on board to make the killing we did with RR post Covid. 👍

"Big time and Arsenal I appear to be considerably richer than both of yow, because I have a 40 inch telly and a roast leg of lamb every Sunday. Now run along boys."

I've got TWO legs of lamb and maybe more than THREE Yorkshire Puddings (yes, I know, I'm bragging now!) ! So that makes be better than you! 😀

"Nettles, Peakdread, now that Rycey is sailing well above the clouds in upper lane 9, maybe the time to look at a couple of international copper plays."

Agree with your thinking Svend - however recent news of tariffs puts me off until it's sorted:

https://www.aljazeera.com/news/2025/7/9/donald-trump-threatens-copper-pharma-tariffs-who-will-they-hurt

“ Is Premier African Minerals in your mining pawtfolio NTC??? They've had a good couple of days....”

I’ve watched them for a year or two - arch nemesis of KOD if the LSE forums are anything to go by 😂😂

Great shout on the increase in the last few days though, but no, not currently on board 👍

For the record, i’m a multi millionaire (in cat years!)

😂😂😂😂

Based on current SP, Hainan off take and four years with 95% at point of shipping, obvious interest from KOD gaining the mining license, (and other factors I won't discuss).... puts us at 360m MCap near term.

That gives an SP of 1.75 ish.

Happy to be wrong, but that's my goal for this one.

I know you don't like the word "sorry" Svend, maybe it's this lonesome Dinghy on the high waves, but I do feel people get carried away with the impetus of RR investment from hedges (they only want to insure their stock purchases by the way, hence the purchases from credit upgrades alone) and the likelihood of a continued growth is SP.

It's all balance sheet at the end of the day, and Q1 of 2026 will NOT support the recent upturn. Sorry - not sorry! 😅

Mining on the other hand........

"NTC , just out of interest how many ordered SMR’s have you factored into your equation ? So what if Denmark order 10 and Sweden order 10 ? What if the Germans order the 1000 leopard 2 tanks and 2500 armoured vehicles ? What if China orders 300 A350’s ??"

We obviously need to separate the orders for SMRs (RR SMR Ltd) against the tanks/plane orders (RR PLC).

I guess that's my point. I feel odd to point out this situation as most feel RR is one entity - it certainly isn't.

In my very humble opinion, less will be heard about the SMR in the future due to Qatar Investment Authority (QIA), Constellation Generation Ltd, BNF Resources and now ČEZ being on board with RR SMR Ltd - that's a lot of companies wanting to maximise their take from RR SMR Ltd before RR PLC get any consolation of money owed - long term certainly, but not before debt is wiped out and all those stated have their fair share of the profits and more.

I regards to:

"Germans order the 1000 leopard 2 tanks and 2500 armoured vehicles ? What if China orders 300 A350’s ??"

That's core RR PLC and what I think Tufan is now concentrating on - hence my thoughts of bringing RR Narrow bodies into action.

"No Reason to be sorry at the end of the day, nobody knows what is going to happen"

Very true Svend - as I'm sure you'll agree, we act on gut instinct. Hence my lonely Dinghy picking up mining for the next few years sir 👍

Put it this way Svend:

RR SMR LTD is currently in debt by a huge amount - It's open to all to see but I published it here a few months ago:

https://nettles-investments.co.uk/companies_house_document.pdf

Since then CEV are onboard to take their share of the Limited companies profits (once profitable). As stated previously, it's very easy to get rid of money before transition of cash to a holding company when you're Ltd, and this will happen for years to come. I fully understand that RR PLC will want money from RR SMR LTD but it's not going to be quick, hence the reason (in my humble opinion) that Tufan has resorted to the core of RR PLC which is aerospace engineering (and re-entry to narrow body).

So, re-entry to narrow body will take 5-10 years R&D to capitalise on tax (regardless of RR PLC already having grounds for narrow body planning of the past).

Hence my suggestion that the balance sheet will not support the impetus of recent hedges and funds getting on board with news they really know nothing about. I'm happy to invest in a company that has a solid core to fulfil the needs of these recent increases, bit on this occasion, they will get bored knowing the balance sheet doesn't show the increase they projected.

And that's coming from a cat who invested at a 97p average in 2020 knowing £7 was reasonable come 2025 (due to covid mostly).

Top end is £12, then balance sheet will decline the SP.

Sorry again!

I've liked your post captain Svend, but I feel you haven't looked at the last RR CMD in detail sir.

The absolute last graph shown was long term RR progression (it was made up of SMR and Narrow body re-entry) - and it has got us to where we are now.

I stand by my thoughts that neither SMR or Narrow Body will show on the balance sheet for many years to come, hence my thoughts that progression in current SP (onwards to £12 come Dec by the way) are now all built in so we now have a 'floating block' with much progressive entities built in (probably too much) but as soon as Feb arrives the balance sheet will show zero input other than progression in core workings - which unfortunately will be less than the expectation already gathered.

I hope this makes sense - I love RR and I'm still fully onboard, but with so much built in from CMD foresight, we're now in a situation to back it up - and I don't feel the balance sheet will reflect it the way non educated investors perceive it to be. Sorry again captain sir! 👍

"US DOD insistence that the V280 programme be accelerated will have a positive impact on the near term SP ?"

Yes, but only when it's announced with GDP going to 5% for defence as the UN now aspire to - hedges and pensions won't look at individual entities within that bracket unless we see contracts or an influx on the balance sheet. Personal opinion of course but the V280 isn't good enough for those mentioned to warrant an increase.

Yep.

"Nettles, I've taught you to spell licence, now use it and teach Peakdread, dear me😭😭"

Cev, I corrected you sir - but all good. I hope the pub we all meet up in has a licence - put it that way! 😂

Totally agree PEAKDREAD! Cev gave good (if not phenomenal) guidance with EEE before it took off - Kudos to him! Big time!

Personally, I looked into it and still not for me - I know, sounds silly - but I had no time to do due diligence and therefore I can't invest. I'll stick to what I know.

Be great to meet up soon buddy - we keep saying it but it never happens, usually down to me so I apologise for that fact! 👍

R&D of course {not R&R} (research and development - something RR have a proven track record of being ultra tax efficient with).

In short, I worry the impetus that got us to 950p will be short lived without decent balance sheet, and none of these Long Term Goals will support the balance sheet for years to come. Sorry! 😢

"Nettles, great post. I see our Rycey ship as a powerful four-masted barque—each mast symbolising one of its distinct and independent revenue streams. It’s this diversification that underpins my confidence in its resilience and long-term prospects. As a result, I’m comfortable steering a position that’s four times larger than any other in my portfolio. For instance, a 40% total allocation to Rycey effectively only translates to a 10% weighting per business stream, assuming equal distribution. Enjoy the voyage"

Can't agree more captain - and without being over worried about the last CMD, everything has come to fruition which means there are no other long term goals (the CMD was short term, mid term and long term goals) - long term being SMR fruition and intro to narrow body.

AUKUS (mid term) was all ready a built in effect on the SP so I guess without new ventures, we now need to look at the balance sheet for all the aforementioned to be building the balance sheet?

That's what worries me slightly (hence my call for a downturn)).

1). SMR won't hit the balance sheet for years to come (got to go through the RR LTD company to repay all those involved)

2). Narrow body will be in R&R for the next five years (at least), again no gain on the balance sheet.

I'm not slagging off my hold in RR at this moment but we have to agree, as knowledgeable share holders, that impetus of new tech gains massively on the SP but as soon as Q1, H2, Q3 and full terms results are shown, the balance sheet will not show any of the above.

That's my only fear Svend - we will enter a time of "come on then, what can you actually do" rather than the having the increase we've had from the exploration to new enterprise.

Still holding of course, but without significant increase in financials, my original point of seeing a decline post £12 is rather relevant.

"Weight Watchers use the same wording. Followed by... put the cake down."

Lovely to have your input Badland - you've made me laugh from day one 😂

..but as you say, KOD increase (31% in 5 days) suggests I need a bigger boat - get Captain Sven to send a bigger one for me? 😂