Member Info for spero

tech analysis from this guy has been predicting resistance at 0.62 since back in March
https://twitter.com/Darrenukdaytra1/status/1375393729469689861
quite impressive.

His later charts suggest that once through 0.62, we hit next resistance near 0.70.

The CEO has a series of share price targets increasing up to 1.25p. If he hits that, then he does very well financially. The board own shares, so are personally incentivised to get the price up there too. They have cash from recent placings and copper price is high. We're producing/selling, so generating income, which all means the chances of further dilution is slim to none. IMO, I think that a combination of re-rate + copper super-cycle could see 1.25p hit this year. Best case I'm hoping for is 2p-ish by xmas. I think the price could one day reach 4.5 - 5p, but not for a couple of years at least. Other things have to happen first (ore sorting, start mining Little Deer, more exploratory drilling) and none of this will happen in the short to mid term.

Market Cap £60.61 million divided by the current share price (0.57p). Share price is shown in pence, so convert to pounds (or market cap to pence) before you divide. Gives you approx 10.6 billion. It won't be precise this way, but it'll be near enough.

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.

"then shipped in April to the UK" - hope that doesn't mean an actual ship!

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