TB Weekend Musings19 Dec 2020 08:58
Been a bit quiet on here as I tend to not speak as much when the SP rises, so thought I'd add in some more words since my last was when we were stuck at 0.26p.
If I wasn't already in RMM this weekend, I'd be looking at the SP and wondering if ive missed the rise. If that's you, then here are a few points which you should have a look over:
1) Compare NPV to MCAP: take the report off the rambler website and look at Ming's NPV. Correct the value for the rising copper prices and the estimate in a year's time. Add onto that that Ming isn't the only mine RMM have.... NPV should be almost 8x the current MCAP
2) Could there be more placings? Short answer: yes, but the CEO has so much incentive not to. Have a scroll and find the SP targets for his shares, they're multiples of the current price. He has personal financial gain from not doing placings. Plus we're fully funded from the last one.
3) Study why Copper is in a bull market: self explanatory. We have copper, the world is about to get very low on copper. Supply demand.
Good luck to all holders, whether you're new, from post-placing, or pre-placing. Massive upside to be made here.