Member Info for Wilbur265

So what's the next RNS going to be ??
Ohh bye the way.... We haven't sold any Copper for the last 7 months ??
Or
RMM has applied for Bankruptcy ??
I bet the BOD have made sure they got their pay whilst treating all us shareholders like Mushrooms !!
What a bunch of Crooks !!

The pi's have just been FUBAR'D !! MBU must be selling down ??

Not sure if I'm being smart or foolish but I did take advantage and topped up today !

Analytical
Great post !!!
I like many here was furious with the RNS and subsequent sp action, yet feel with a little hindsight, it was rushed out and would have been better to include some flesh on the bones figures.
However, we are where we are and I have taken advantage of the dip to lower my average and holding to just over 100k shares now. High risk ? Probably but considering their assets and progress over the last two years a calculated one !
Currently £11.5 Mcap for a producing mine with good grades and resource is rediculas !!
Some crumb of comfort has been that sells and buys appear to have been evenly matched over the last week !
So someone has definitely been accumulating so expect a TR1 or two in the near future ?
Pure speculation on my part though with nothing to back my theory up.

The fundementals of RMM , the resource and grades speak for themselves. The issue as I see it , is can the mine operate profitably .
Without a defined ASIC figure we are all in the dark.However , from the recent RNS ,weak state of the balance sheet, the drop in Cu price all indicates an ASIC of probably $3 /lb or there abouts. With the Cu price around $4/lb RMM was at least break even / profitable .
I feel though we have travelled along way ,alot more needs to be spent or Cu price rise significantly to make the mine profitable.
Perhaps the BOD SHOULD consider selling ?
I've been here a fair while now and like many here very underwater ! So for me it's do I swallow the significant loss or keep the faith and let time in the market work its way through !

Basically, they are skint !
Cash flows / revenues are not sufficient to cover the Opex , either currently or in the near future especially if the macro worsens.
Bit of a sticky situation

Okenhurst1 , onsolidground , Excellent posts ! Well reasoned and made alot of sense plus backed up what I have been thinking since the last RNS. Trying to mitigate supply chain issues plus the impact of loosing the Russian , most of the Ukrainian market would naturally have a high impact on inventory.
Obviously the latest RNS is more to do with auditing rules and procedures rather than the actual trading position of the company. Which in my eyes is very strong.
Feel alot more assured now ! Thank you both !

We won't know for certain who is selling down until the RNS arrives.
Hopefully it is just Jupiter, probably selling down to a 5% holding.
The one glimmer of confidence is that the sells are almost matched to the buys and volume is being maintained !
I'd be alot more concerned if sells vastly outweigh the buys !
All will become clear on the 30th, till then sit and wait it out !

Thanks for all your replies on the subject.
Im in Ben's for the long haul anyway , but feel more assured . I've taken advantage of the dip though not as much as I would have liked !
Onwards and upwards !!

Good interview as I've come to expect from AW ( Consummate salesman ) however I do feel he brushed over a few points rather than address them directly. Namely offtake.
It's all well and good ramping production up which is relatively easy now they are set up. But they need to sell it on to the end user.
I am very skeptical about the met coal price rising after 10 th of August too.
Whilst met coal prices are down, steel producers will be very keen to lock in supply costs at these levels. These contracts will be for at least a year to give clarity and visibility. I would imagine there will be alot of contracts being signed for Russian coal before the cut off date .which will reduce the demand for domestic production which will keep prices lower for the foreseeable future !
Happy to be corrected on this point !
Nice to see a positive outlook for the us steel producers though !!
With about 6 months left on the Integrity deal and no mention of extension or new contract at this time. Plus it's only for 22kt per month, which if AW reaches his production targets ,will leave a huge excess of inventory.
It would be very beneficial if further offtake agreements were signed in the near term.
Giving more security and confidence for shareholders like me over the mid to long term.
With all the macro uncertainty and with the MBU lock-in end fast approaching, I think investor sentiment will be muted a little especially after the JS dumping.
However, I'm fairly confident the SP will rise from here though possibly not to its recent highs.

Sadly, I think this will take quite a hit today !
The development arm was a very attractive add on.
Now TGR is just a miner, it will be interesting to see where the market now values it's sp.
Possibly a good opportunity to average down once it's settled and wait for the inevitable rally ??

Unbelievable !! First reaction panic !
Took a breath , took another look to make sure I wasn't dreaming..... Then bought another 10k worth at 42p !!
I'll have some of that thanks ??

Theloaf, I think alot of us have been very lucky in that respect. I am 1.5 up currently, after adding and top sliceng to reinvest elsewhere.
However, where the sp is today I feel is a reflection of the current macro and sentiment of what will undoubtedly be a fall in GDP / Growth.
We currently have a guaranteed offtake for 22kt pcm. It doesn't matter a jot if we ramp up production and achieve 40kt pcm washed coal if Integrity cannot sell the extra tonnage !
Met coall prices have steadily fallen over the last few weeks anticipating the drop in demand.
All figures realistically should be worked on the guaranteed sold tonnage. Anything else is a bonus.
We really could do with an additional offtake agreement once we are at full production to mitigate this risk.
So many variables outside of our control presently.

Hopefully, the SP will recover to its usual levels over the next few months. If it doesn't, it will be very interesting to see what MBU and other major shareholders will do when the lock in ends !
Hopefully an ii will take up the slack if MBU ,who holds 69% decides to sell a large proportion of their holding ??

Being below IPO price was a position I never thought we would see here .
However we are where we are and sadly I think this has a little further to fall .
Mulling over the reason for the drop I think it's nothing to do with the company. More so the Macro situation at the moment where the green Revolution has taken very much a back seat.
All Battery metals are down .with the fear of a world wide drop in growth, governments are more concerned with keeping the wheels on their economies rather than growing them.
For me the investment case hasn't changed for the long term. The lack of news is frustrating.
But on the plus side, I great opportunity to accumulate and hold.
There is also no evidence to suggest a placing is on the cards ! The only people who would know is TGR themselves.

Bitcoin
Just pure speculation here, but I would imagine the ii's won't get involved until after the lock-in period.

I bet alot of stop losses got hit with the huge drop !! Definitely a blue Finnish today !

Great opportunity to top up today which I definitely took advantage of !!
However, the recent drop could be down to general market sell off but also I feel that car crash of a podcast !!!
If they rail work has been completed and signed off, then surely that is price sensitive info and due an RNS ?
Confusion between the ramp boys and Aw ref HWM no. 2. Surely if it's on site and ready for commissioning that is also for an RNS.
As is current state of play, ref production/ deliveries or hold ups etc.
I have got every confidence in Ben's and their team but I do think they should avoid such ramping without official market notification to back it up and give much needed clarity !
It was just very confused imvho.
Anyhow, onwards and upwards and very happy with my extra 20k of shares !!

I think lack of near term news is having quite an affect here atm. Alot was promised but the weak holders have sensed the change in sentiment.
Very happy to sit and hold , and add when I can !!
GLA

The MM's must still be churning through the Amati shares.
I really can't believe the volume of buys over the week and the sp has hardly moved !
Still, on the plus side, I've managed to do my final top up at .78p.
With everything in the near term pipeline this sp won't be at this level for long !
Unless there are some nasties in Monday's update ? I'm hoping we will all be pleasantly surprised !!
GLA