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With a quarterly update imminent, multiple indicators of solid progress + copper prices charging ahead - now is the time to sit on your hands and not sell (IMO).
2.3 bags. You don't count your initial stake
https://twitter.com/BambroughKevin/status/1383470662568660996
discusses drivers for demand, price predictions etc etc
Just had 1 million top-up @0.458p. An unexpected bonus.
+mornington - gaps detailed here
https://twitter.com/Dinerios1/status/1382081316829675531
Four days of Easter is a long time to be away from graphs. Copper commodity trading has restarted, so there's one you can refresh all day! Currently up 2.4% at $4.10/lb
I think it's reasonable for beardozer to wonder if copper will be replaced.
Graphene is a far superior material for conducting electricity. You need a lot less of it to do a lot more, so weight reduction too.
However... manufacturing processes, supply chains, suppliers, clients, electrical interfaces, qualified technicians, inter-operable components etc etc etc will take many years to establish. Graphene is also difficult to manufacture and very expensive, so it's probably decades before it's used in preference to copper, if ever.
Currently, there's very little copper in warehouses. Demand is going to be global (not just China). Exploration/discovery to production takes many years. Rambler produce. +beardozer, I think you should hang around for a year or two.
From The Guardian today RE Biden's stimulus bill:
"$174bn to promote electric vehicles through various incentives, the electrification of school buses and 500,000 new plug-in recharging stations within the next decade. The federal government’s vehicle fleet will also be electrified"
We're a small (£30-40 mill mcap) company. It's quiet on the news front and we're not being ramped, so today's action represents ample trading.
by 'lower demand', I mean... breaking all known records for copper demand and price over the next few years, just by ever-so-slightly less than analysts had predicted.
Accumulate and hold
Sanctions against China
New European coronavirus lockdowns
Strong US dollar
All are going to slow down the post-covid economic recovery. I assume therefore a lower demand for stuff we dig up
that's in response to "When do people see big newsflow here and what would it be?"
No idea about end to Lombard selling, but they've sold a lot already and will no doubt realise they're onto a good thing by holding some..
https://www.bloomberg.com/news/articles/2021-03-19/the-world-will-need-10-million-tons-more-copper-to-meet-demand
The video posted earlier summarises this nicely. It discusses recent news and 'upcoming events'
Here's a time-indexed link
https://youtu.be/6z_nhaWqijA?t=350
from another board:
"until recently RMM was also listed on TSX, so unfortunately in this tax year stamp duty is due."
TSX = Toronto Stock Exchange
I'm personally hoping the price will remain low for another 9-10 weeks .... ISA top-up time
2.2lb to a kg. The old-fashioned 'lb' metric was making me uneasy
+BeardedDragon
"While conventional cars contain roughly 20 to 50 pounds of copper, a hybrid electric vehicle (HEV) typically contains 85 pounds of copper; a plug-in hybrid electric vehicle (PHEV) uses about 130 pounds of copper; and battery electric vehicles (BEVs) typically contain more than 180 pounds of copper."
https://www.mining-technology.com/comment/electric-vehicle-revolution-drive-copper-demand/
Just tried for IRO 1mill shares (£3.35k - ish). Negotiated trade. Hasn't gone through after 10 mins.....
One of the small number of BigDish fully integrated chains (who haven't offered any seats for multiple months) are now offering their food via alternative channels
For delivery see https://wildwood.orderswift.com/ (linked to directly via their own website)
Google are fully integrated for table booking.