Member Info for RMc2407

Link to the pictures.

https://x.com/ColinBirdMining/status/2047578178634276868

Personally I'd prefer pictures of a finance agreement.

Norm will be waiting a long time for his ensuite.

Aim a little lower. A bucket in the corner perhaps.

After all this supposedly good news, the SP is a good bit lower than it was six months ago.

Even the Roasties have given up on it.

We're on a roll.

Share price isn't. But still working through the placing.

Once that's out of the way we should see a decent advance. Bought a few more this morning while it's still cheap.

Level 2 is looking good.

Mid price has just hit 0.09

From the RNS on 30th March.

Financing: Further to the announcement of 31 October 2025 the financier has completed their technical and financial due diligence in relation to providing a US$7M financing facility for the Hope & Gorob project and we are now in the advanced stages in relation to the financing documentation, which we anticipate completing over the coming weeks.

So as already said, we don't know.

The share price is lagging because due diligence by the finance partner took too long, a large shareholder has baled and there's been a large placing at a ridiculous discount.

However, while I have criticisms, what's been achieved here is remarkable.

Completed documentation on the finance will calm nerves. If the secret finance partner is someone recognisable then the share price should get a boost. If not then it probably won't and we'll be waiting for the first concentrate for any real movement.

The volume is almost all algoes. There is very little retail activity.

So it's either a large buyer accumulating or market makers moving stock around. Given that there is virtually no movement on the share price I'd guess it's the latter. We won't see much advance on the SP until they're done.

The finance is sorted. We just await the final documentation.

1. We have another £1.5 million in the bank after the raise and paying for the additional share in H & G.

2. The resource is potentially much more than originally thought.

Given the above there are grounds for optimism on the final terms of the deal.

The original plan was to sell Bezant once the mining license was secured, but there were no buyers.

Plan B was to sell once we have proof of concept ie concentrate.

I presume that's still the case. Colin Bird won't want to hang around for years while what might be a huge mine is developed.

That's a stonker of an RNS.

Reaction quite muted so far.

Now I've bought more.

You can buy well inside the quoted spread.

Not much of interest. One big seller. Either they're short of cash or bought on the lows and taking a profit.

Float continues to be absorbed by a big buyer.

We await the finance documentation, to see if there are any big surprises.

I won't be topping up either.

The level of dilution means the chances of this being a really big payer are gone.

The massive discount on the placing prices means Bird is either giving his pals a freebie, or the final terms of the finance agreement are a lot less beneficial than previously thought.

No director of a mining company is trustworthy, but Colin Bird is in a league of his own when it comes to shafting shareholders.

Vile man.

Over the last couple of weeks I've done an AI analysis of the trades in this stock, both on a daily basis and across several days. AI is rubbish in some respects. But it's really good at crunching numbers.

The results have been consistent.

- The activity is not retail. It's algorithmic and controlled.

- There's a large seller. AI reckons the seller has now exited. I guess we'll find out soon enough.

- There's a buyer or perhaps more than one.

But the selling hasn't been completely absorbed, hence the near 40% drop in the SP in two weeks.

Today's analysis suggests that the price will now stabilise and climb slowly as the new buyer(s) accumulate. I hope that's correct, but even if it is, there won't be a significant improvement until the float has been absorbed.

My overall view of this project is that it's going to fail.

I believe the finance won't be signed off. The chairman's demeanour in his last interview suggests he thinks that too.

The appeal for me, was that a mine could be built without massive investment. If even a small sum can't be raised then we're screwed.

There could be a placing to keep the lights on, but the whole thing can't be funded that way. The dilution would wipe everyone out.

Even if funding is secured, it might not be enough to rescue the SP in the short term. General investors would want to see a return on investment before buying in, and that won't be until the end of the year. Do you really fancy having your cash tied up for another nine months?

More generally, the smart money is getting out of copper. In March there were $11 billion in outflows from commodity based ETFs.

I've long thought that the forecasts for the price of copper were not realistic. They were based on very faulty assumptions. Now someone agrees with me.

https://www.mining.com/macquarie-says-copper-is-oversupplied-and-overpriced/

Now you might say that the calculations of profitably were based much lower copper prices than those prevalent now, and you'd be right, but the stock market runs on sentiment, and that's very much against this share and most of the others in this sector.

Constructive comments welcome, whether you're in agreement or not, which rules out the children who've been tossing around silly insults in the past few days.

The next big share dumping operation is underway.

The usual suspects will be along soon, to tell us this is a good thing.

This company is so over.

"And not to carry it on.."

Then carries it on.

Muppet.

Perfectly necessary, as it's true. I'm bored with the rampers, and their obnoxious response when someone has the temerity to disagree with them.

There was a block of four sells when the price dropped, but in total they came to less than a million shares. There have been hardly any sells today.

Probably a placing coming.

Meanwhile, in the real world, the share price has just fallen off a cliff.

We sold some of them. The price of the rest plummeted. They've just issued 1,645,672 new shares. Sound familar?

Didn't sell any this morning as it was the market makers taking the mick.

But I view this project as a failure. If finance was going to be agreed, it would have been by now.

The next RNS will be a placing.

Market makers taking the mick with a near 20% spread.

Hold on chaps.

We don't know if the big seller has gone yet.

Maybe the algos are having Friday off.