Member Info for Xenor

There is no way they managed to sell 2 million shares for 28.5p. The MMs would have dropped the price. Something seems odd with those trades.

Good question Antharry. All his posts have gone. Must have deleted his account. He went from excessive ramping to forecasting 25p quite quickly so must have sold out when we didn't rocket on results.

Another link:

https://www.reuters.com/world/americas/canadian-miners-cheer-ottawas-critical-minerals-budget-plan-2022-04-08/

Sounds like tax credits for exploration and funding for infrastructure, processing and surveying. All good for RMM.

@Analytical Do you think Toby reads these boards? I doubt it.

I think Moon would be happy if they issued half a billion shares to fund Little Deer and new mill now. IE someone with a short who wants a declining share price.

Let's get the ore sorter in place and the share price over £1.20 before they even consider any raises for those projects. I don't anticipate either starting before 2024.

I think the only reason we're down today is that some large seller is trying to sell down. We've had 3x 100k sells this morning which has drowned out the buying.

There was plenty yesterday to give this a boost. Problem is I'd bet every person on that call (apart from Moon) is already invested. We'll move higher when we attract new investors. TB needs to get the message out.

Dodkins, it is pretty simple how we achieve 7000 tonnes over the year. Full production and higher grades as we get further into the ore bodies of the new stopes.

This mine can produce over 9000 tonnes per year in a year of full production at the targeted 2% grade but it makes sense to target lower to allow for unforseen events and the slower Q1. This funnily enough is part of risk management when it comes to budgeting.

Just think about this.

1350 tonnes per day, 0.96 recovery and 2% grade at 360 days (allowing 5 shut down days (I don't know what the actual number is)) gives 9331 tonnes. Calculation is easy for production. 1350*0.96*0.02*360 - change those variables. Obviously we aren't at 2% grade yet but we'll get there.

"I think 25p is the absolute low."

Nonsense! This is going to fall 15% based on what? Who is going to be selling at a loss to bring it down that far? That 100k sell was probably you doing a trade over investor call day hoping for unexpected news. You've used that 25p number a few times lately, it is clear that you're seeking a cheaper re-entry.

I'm glad he answered that the way he did. If he had listed any risks they would be posted on here daily by people who attempt to bring down the share price. I've no doubt that TB knows what the risks are in mining.

Don't forget to check the presentation that is linked in the RNS as well. Some good stuff in there too.

" • Robust improving, high quality, geological resource
• Established mine in favourable jurisdiction
• Operating platform now created to deliver sustainable production - never been done before
• Exposed to full copper price with opportunity to strategically sell forward``
• Cash positive operations, now including sustaining capital
• 2022 guidance of 7,000 tonnes payable Cu • Potential for ore sorting in 2023
• Exploration potential, on top of existing 400,000t Cu resource
• Studies to potentially more than double current production
• Significant value upside "

There is also a timeline of Q2 updates, including monthly production updates.

Moon is clearly shorting. No one talks down their investment as much as him if they want to make money. Hopefully we get some good news tomorrow and he gets caught out.

Well there it is confirmed in RNS DiamondGeazer. I am surprised they didn't RNS it this morning.

I registered a couple of days ago and got an email last night informing me that the call has been brought forward to the 11th.

That's the problem DJ, money has been tight. They have been scraping the barrel for years or cash and the mill **** itself when it saw full production coming through. This is one area they will no doubt improve on as more cash comes in.

Analytical, I will be lucky if I am even on the call now as they shifted the date forward and it now clashes with a meeting at work. Annoying but I'm sure any important details will be posted here.

Fair enough DJRyan. Got to be careful when making such comments as it can affect sentiment if people don't think we're going to make any progress.

Indeed Analytical. I remember 1600tpd being mentioned as well. Pushing beyond 1350 may well be how we clear the stockpile whilst maintaining full production. Could see some really high months if they do that. Hopefully someone asks questions like this on the call. I don't like speaking up or I would.

I thought I'd do some maths to disprove a comment made by DJRyan777 in another thread.

"essentially we can expect April to be similar to March"

This is incorrect and not something that should be posted without research. We had 19 days of half production in March. We have 7 in April.

So I've worked out that if we didn't have the plant issue we'd have hit 591 tonnes in March. I'm going to split the month into 62 half days of production to make it easier. We lost 19 half days of production due to the plant issue so that leaves 43. In those 43 halves we produced 410 tonnes. To work out production for 62 halves we can do (410/43)*62 which gives 591 tonnes! March was actually a great month if it weren't for the plant issue...

Now on to April. It is 1 day shorter so I'll be using 60 halves as base calculation. We lose 7 as per the RNS yesterday that full production will be back by the 8th so that is 53 halves in total. Same calculation... (410/43)*53 gives an estimate of 505 tonnes. For May we have 62 halves, which would be 591 tonnes.

This all assumes grades don't increase at all for April and May, and that we don't feed the surface ore in. I don't see that being the case, I expect grades to keep increasing.

Of course we have the power outage in April but I suspect that will be minimal downtime and may be equal to the gains made by grade increase. That's one for someone to ask more about in the investors call.

So please don't say April will be the same as March. It won't. We have less downtime.

Feel free to correct me if I'm wrong, but provide numbers.

It's up 33% in a month... People taking profit.

Once we have the ore sorter (next year hopefully) we should be a lot more profitable. People were talking 250m market cap last year.

Definitely a question to ask on the investor call - LD.

Same with monthly production figures, someone needs to hammer the point in that these are important for at least the next quarter. The market needs to see them hitting full production in May and June, and April should be higher than March.

"On the plus side I wonder whether the option exists, even after the main crusher is repaired, to keep the mobile crusher to catch up on lost output."

This was my thoughts too. They have a stockpile of ore ready to go.