Member Info for spero

Looks like we have directors choosing to have 1/3 of their salary paid in shares.

Convertible loan notes and consolidations unsettle people, but both are being used positively here.
The new loan and CLN backup show the consolidation wasn't preparing for dilution. The CLN itself is just backup, not financial urgency.

News on stopes is huge.

Technicals look great. RSI moved into buy. MACD crossed positive.

Happy to bottom drawer this again and let it grow on its own.

RNS Number : 8973X
"A revised guidance will be released by the end of Q2 2021" <-- Wednesday this week.

I think 30p was a resonable call for bottom, given the oversubscribed 30p placing. Anything below 30p is fear winning over good sense IMHO. I used sub 30p as an opportunity to increase the total number of shares I hold by 1/3.

RNS due by Wed will provide facts and allow this share to start moving on fundamentals again instead of emotion.
Take a longer view.

Chester, from 15p at the start of your message to 0p (going to the wall) by the end of it. You really talked yourself out of this share.

GTTMUFO, your subtle de-ramping has become less subtle of late. Are we closing in on your buy price?

Increase my holding by 30% this morning. Delighted to have been able to reach my most ambitious target holding... and lowered my average at the same time.

+JimmyRustler, is this accurate? "RMM break even at $3.5 per lb copper for costs".
I thought the Rambler report predicted good profit at full production with a Cu price of $3.50 ?!?
Perhaps I misunderstood.

Bank of America predict $20,000 (double the current price)

$15,000 is required to encourage miners to invest in known difficult-to-access or low-grade resources. Prices below $15k mean they wouldn't be viable.

Demand now is global, not just China-based, so the price will grow in line with this demand and available resource. China won't be able to manipulate the price by pretending they have huge inventories (like they have done in the past).

Look at this annual copper discovery rate graph for 1990 - 2019.
https://twitter.com/BurggrabenH/status/1389283736898916354

...and remember this stat:
"About 3 percent of the driving population of the world drive electric cars. If you double that to 6 percent, there's no copper left in any existing mine in the world"

Think about the trillions to be invested globally in (green-focused) national stimulus packages.

Does anyone know if charting sites (e.g. lse, tradingview etc) update their techical indicators to account for the consolidation? RSI currently at 100. MACD borked. All the X-day moving averages broken. I'm hoping there is a way for these to be adjusted to compensate?!?

+Pedro, how do you participate in video feed of AGM?

thanks for the info both.

Over the past couple of months, I've enjoyed checking this page daily
https://www.marinetraffic.com/en/ais/home/centerx:-56.093/centery:49.431/zoom:15

It shows Goodyear's Cove, the location of Rambler's port (or at least the port that Rambler use)
https://www.ramblermines.com/goodyears-cove.php

Aside from a tug boat docking there for a few hours, I haven't seen another craft anywhere near it.

Bulk carriers can transport up to 400,000 Tonnes.
https://en.wikipedia.org/wiki/Bulk_carrier
Rambler are aiming to produce 1350 Tonnes per day, so I guess that equates to just over one full ship a year.

Does anyone know anything more about this? Perhaps smaller ships are used? Perhaps 1350 tonnes (T) mined doesn't map directly to 1350 deadweight tonnes (DWT) on a bulk carrier? Anyone able to offer any insights?

It's an amazing website to explore BTW. Click on the layers option > satellite map to view the port.

trying to buy just under £5k. Had to put in a negotiated trade.

re-quote
"About 3 percent of the driving population of the world drive electric cars. If you double that to 6 percent, there's no copper left in any existing mine in the world"

I use this service to monitor copper price
https://tradingeconomics.com/commodity/copper
It's in USD/lb (sorry), but it was the first one I've found so I stuck to it.

In the long term graph, it shows an all time high of around $4.50, but the true value in 2011 was actually $4.63 - it just got aggregated a little flatter by the long term graph. The price has spiked past that a few times and fallen back. Yesterday & overnight, the price steadily climbed though $4.63 and is currently $4.68. That's not a single long-range spear, it's the whole front line of the army advancing further than ever.

If you can't top-up, then sit on your hands.

It depends why vast are doing it. Their share price is currently a small fraction of 1p (0.085p). Any further dilution will make it even worse. They may be consolidating to facilite a fundraise, which would have a negative effect on the share price. Ramblers reason for consolidating is different. It's to attract insitutional investors now that our finances are in order.

I *love* this graph
https://twitter.com/BurggrabenH/status/1389283736898916354
It's the annual copper discovery rate 1990 - 2019.
Spoiler: not much in the last few years!

I think this stat from PlayForKeeps yesterday bears repeating:

"About 3 percent of the driving population of the world drive electric cars. If you double that to 6 percent, there's no copper left in any existing mine in the world"

https://twitter.com/TomcoEnergyPLC/status/1388150536680181764

A view of the POSP. Their first post since last Nov