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@Possetwolf - absolutely agree.

The CEO and CFO seem incompetent at the job and very unprofessional compared to directors at other AIM companies. Very poor and incompetent in communicating news to the market.

Morning all, I topped up £5k this morning to bring my avg to 7.30p.

Excited for the journey ahead at these bargain bottom prices.

To our brother and sisters with averages in the teens and twenties, hang tight, we will be on our way to pick you up.

Absolutely agree John - the tone of the RNS is positive.

working diligently with the third party to ‘close’ the financing as soon as possible.

The key word for me is close the financing which means we are close to getting it signed off. I work in the corporate world. It’s disappointing for there to be a delay especially for a listed company but these things do happen if they’re out of your control and with other parties involved.

If anyone subscribes to the telegraph, could you post the article on the board. Thanks

https://www.telegraph.co.uk/business/2021/02/17/affordable-british-made-covid-drug-could-slash-mortality-rates/

Like a true accountant, I have added all the big sells from the last two days and they total 1.1bn shares.

The only way is up now.

Ps - another positive is that there were buyers ready to snap these shares up. Otherwise, it would be concerning.

Good luck all.

To address the negative point, my thoughts are that SGS is a charity who require immediate cash. In any organisation, cash is king.

“We understand from SGSC that, following the successful results of the ARCADIA trial released last week, it has begun commercial discussions with potential licensees of AZD1656 and will be using the proceeds from the sale of its Vela shares to develop several new innovative-drug programmes.”

@passiton - Really pleased to hear you are still with us, we should all be blessed with each day as it comes.

Keep up the great work mate and wishing you a speedy recovery with your health.

I'll keep checking in time to time on here, but my focus is on RMM and COPL at the mo Lol

Best wishes.

Hi folks,
It has been a while since I have checked in here. Really useful posts by @passiton. Just by any chance, are you @hopingforbags?

Regardless, keep up the good work!

Good luck.

Top notch!

"This news release includes exciting upside to the mineral resource base at the Ming Mine. As well as confirming the presence and grades of zones identified for near-term mining as part of the production ramp-up, the intersection of new zones and extended zones have the potential to further add to an already large high-grade deposit’

It is all starting to come together, a great update this morning.

Good luck fellow investors.

Just read the financing RNS again and the following statement shows how ridiculously undervalued RMM is:

"By the end of 2021, ore production will ramp up from 800 tpd to 1,500 tpd, which will be underpinned by a substantial increase in stoping inventory and flexibility. By the end of 2021, there will be 6-7 active stoping fronts in the mine and 80% of 2022 production will be fully developed. This will make the performance of the Ming Mine much more robust and predictable.

2022 will see steady production rates of ~1,500 tpd through H1, with rates climbing through H2 to reach 2,000 tpd by end of Q4 2022. The contractor development project is expected to finish in Q1 2022 following which company crews will maintain development at ~5,200 meters for the remainder of the year."

It is just a matter of sitting on your hands and watch the price increase.

Don’t sell into the rise folks!

Hold to see considerable gains. This is going to turn into a free cash flow company during the life of the mine.

Another thing to note, they have having an ERP implementation and not only that but they have engaged a big four firm to implement it. If this is not a sign of big things to come, what is.

The BoD have updated the market as planned and removed the uncertainty of financing whilst increasing the stopes.

Best wishes

@Santhi - absolutely right. We are not drawing down the full amount.

In addition, it is important to note that further drawdowns will be taken with the consent of shareholders (who obviously do not want to be diluted!)

All in all, companies need capital to progress. We now that which hopefully the market will appreciate for us to execute our strategy.

The key was do we get financing and YES we now have that. Yes expensive loans but we will easily pay that off in the long term.

We now have the financing and plenty of things in place for a solid end to 2021 and for the start of 2022.

The foundations are being set for a great long term prosperous company.

Good luck all.

"The development plan for 2021 will significantly improve the developed state of the mine to the point where the operation will have multiple ore sources to draw upon. As production is forecast to increase over H2 2021, this flexibility will be a critical component of the operation's success. During Q1 2021, because of the under-developed state of the mine, the operation had a single source of ore production which caused near term variability in our production plan which is expected to continue for the remainder of H1 2021. However, by year end, the Company expects to have adequate ramp developed inventory to reduce the reliance on a single source of ore production and support sustained production."