Member Info for Steve4077

Actually more than that on RMM but other shares reduced the deficit :)

Yes, that is the right attitude. I'm 20k down in paper profit today and its annoying but I'll will be over it by tomorrow and looking forward to next week.

A lot of buys going through at close, but one MM (PEEL) seems to be holding the line at 0.43. There are two MMs at 0.45 and three at 0.47.

Also, while the drop seems dramatic, the share price only touched 0.4 for the first time this year about three weeks ago, so we haven't lost too much ground even in the short term. The fundamentals are just too strong for the price to stay at this level for long.

Now NT to buy at 5.5p

Yes, 71% of total volume today just went through in those two simultaneous buys.

As someone mentioned earlier, it seems very unlikely you would announce a placing ahead of time, so finance seems a lot more likely. Their existing debt is very low compared to assets and revenue, so shouldn't be too difficult (depending on the amount)

The RNS stated that ' the Company is investigating financing options'. Suggests a loan rather than a placing.

>> I really hope this board doesn't turn into most of them on LSE

It has been a little that way lately. Even though there is a lot of impatience on the forum, I've taken the opportunity to add another 475k at an average of 5.52p during the last week while the price is low. This could jump significantly on several different items of news.

The Stock Market is the only place where most people don't buy during the sales :)

>> Hi All, I have it in my head that I remember reading that there are more warrants becoming exercisable during May

If you mean the placing shares from December, it is June 8th I think, although those are CE Mining so I doubt they will sell. They are holding on to their existing shares that they could have sold at any time.

>> Hard to believe RMM is a direct beneficiary of the rising copper price given how they’ve both moved recently.

Well, RMM is up 60% in the last month (including today) and copper is only up about 10%, but RMM is leveraged so that's why it is rising faster.

Or did you mean something else?

If the labs are overloaded, it makes sense that the drill teams are too, which is probably why CB did a fund raise earlier than expected so he could lock in the drill teams for phase 2.

It will depend on the relative amount of works for the labs in the respective parts of Africa and Australia. Because one is overloaded, it doesn't mean the other one is too.

So Eureka update and now Galileo update. CB is busy today. Now we just need a Bushranger update :)

I can't believe the share price is down today :)

While there is some impatience regarding the bushranger assays, it is hard to see how the Eureka RNS could be construed as anything except good news.

Two 9m intersections over 6% and 1m over 20% as part of 4.4% over 27m (and near-surface).

Its not Bushranger, but it still could be significant once they explore more around that particular drill hole.

I agree that all FatherTedFeck's posts are de-ramps. He is still hoping to get the price down to where he sold out :)

However, I thought that was higher standard than the usual 'Great Copper Deposit on a Remote South American Desert Mountain' posts.

I think FatherTedFeck was suggesting that if ASX investors understands and values miners correctly, then it would be less than the current market cap. I think that scores a creditable 8/10 for the de-ramp :)

>> there is an almost 1:1 correlation between copper price & USD

Copper has doubled in a year on a fairly steady upwards trend. How is that correlated to USD?