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Offer is coming @40p .don't be jealous of us .take a chill pill .
Only few hours left for Monday. An OFFER above 40p in coming through .MONDAY MORNING 7 A.M
A bidding for sale is going on .. .an offer of 40p+ in its way ..wait and watch ..soon.
Company's sale value depends on the asset it has even in underground and the potential of the asset .rmm has shortbof money to dig the copper from underground doesn't mean current production capacity of 8000+ton / year and hundred of millions of reserve in underground doesn't attract big fishes .
You have no money to buy petrol to drive a Porsche doesn't mean the car has less value .if you sell the car to a person ( even less value than original price ) he will buy the petrol and drive the car .
Do you have anything to say what happened to us.any suggestion about fire sell or anything else
People were dreaming of 1p before consolidation and now scared of 1p ..what the hell they did with this company which have such a great potential .if you knew your balance sheet is weak why you didn't hedge when copper was 4.50+ .
I told you guys we need to raise some money to help him to see a doctor .as I said before his mental condition is more serious than rmm financial condition .rmm financial condition will be sort out in few weeks but his mental condition ......I doubt .
we pay wages in cad and earn in usd .usd is 10% more stronger than cad I last 6 months which should have helped rmm a bit .
Hopefully by same time next year copper will be $4.50+ ,production will be 9000+ton/ year and sp will be 40p+ at least .Once finance sorted sp will bounce back harder .oil price started to to pull back and inflation will follow to pull back soon.
" there are no two ways about it" -TB.may be he is talking about sp to move downward way ...
We r not going pop .most of the time people don't understand what r you writing .one day you atr very positive another day very negative about rmm .makes your mind up,write clearly with logic.no body takes financial advice from you so like a disclaimer you don't have to say it every time . We will fly again just need some money and time while macro economy settle down . Even someone may need to raise some money to feed the chicken because of inflationary effect ..
Last year We all were predicting £1 by now.never know things may be look bad now but once we get debt restructure by same time next year it can be 50p+ as our production will be over 9000 ton ,copper may be $5+, ore sorter will be in horizon ,inflation will come down so will production cost ,macro economy will be improved ,no fear of China lockdown and Chinese stimulus package will require more Cooper, war will be stopped and we will need lots of copper to rebuild ukrain but supply are limited, rmm main capital requirements done so we will not need more money for development work .
We will be very profitable once we get some money and time while copper is in low price .I am sure by same time next year it will be multiple of 10 where it is now .people may laugh at me now but even 50% dilution we will be there as rmm assets and production doesn't change .
Few weeks ago cornish prediction was copper is going to hit 12000/ton before X mas .no sign yet as X mas is only 3 months away...want cornish opinion again please.
Only high cu price can turn the tide in few days .
When ? Wait till sp to go 0.....
Because they don't know how to run a business .it has such a good potential and has huge amount of minerals ,but they don't know how to manage long term finance and when to issue rns . They should have issue q3 production result ,let the sp to rise then do a placing in 25 to 27 or first manage new gen 20 million more and fix ore sorter to increase production to repay the loan from increase revenue got from ore sorter ....even my daughter can understand better finance than them
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If they sale rmm today how much will we get people recon? How much per share we get ...any idea anyone if they make a firesale ...
It can't be that bad I recon as copper was over 4 just 3 months ago ..
Exactly my thought ...we will come back so good noone can imagine in few months ..don't sell if possible buy some more and make your fortune ..loan announcement on it'd way ..they must arrange something before they issue rns like this and had a motive .May be to get some cheap shares for family and friends .think about contractors who just took shares @29p ...something must be going under the table
Moon was always said 8p I coming all we thought he talk nonsence ,but he was right .now he is saying they will get big loan ,fix ore sorter and fix everything and rmm is in good position ever ...he will be right in few days when they issue a finance with detailed plan of future production and financial plan
So you still got £ 69 k worth of shares @ 29.6p .God I am not the only one with 30p average holding 600k+ shares .they better give us another rns about new debt term been arrange from new gen for longer term and ore sorter is going to installed soon .if ore sorter can produce 30% more then 210 ton extra per month which is 1.7 million. That's enough for repay the loan .
Finally you are here my friend.lots of people invest here always listen to you and follow your advice as you have vast knowledge about mining .in this hard time we want your honest opinion about rmm future and current situation and possibly your opinion of way out . Don't leave us alone to fight with derampers who been ramping all the year round and run like a mouse .we will fight till the end and will get good return even it takes little longer than we expect as copper is going to boom soon ....can we see 4.30 by November/ December?