Member Info for Xenor

Only profits and IIs buying on the open market are going to move this. We're selling copper at almost $10000 per tonne right now, but even that isn't enough for a lot of people.

"The risk reward has changed massively from 12 months ago when valued at £1.36"

Has it? When I was buying at those prices people on here were saying it's massively undervalued.

I am surprised people aren't panic buying RMM shares at this price.

The thing that makes this different to SNG is that it has multiple possibilities. SNG only had one. Unless the whole microbiome idea fails then I can't see a similar collapse happening here. The share price fall over the past year makes no sense, it has to stop at some point. Although I think the end game here will be a buyout.

Where so we think the bottom is with this? Considering a re-entry. I lost money on this a year ago with some buys as high as 149p so would like to recoup some of my losses.

@leathal1979 When people stop selling a 10% rise to buy back lower. Said it before and I'll say it again. For this share to reach the values we all want then we need investors to come on board. Right now there are more traders than investors so we're stuck in this 30-40p range.

Those people will just sell after the news anyway. We need investors to come on board otherwise we'll be stuck in this 30-40p range.

Just yesterday they were recommending to short this!

Although they have made the right call most of the time. If we'd followed their signals for the past year we'd be in a lot of profit now.

The hedge is almost certainly cleared by now. They have mines more than 110 tonnes in two weeks. It doesn't look like they will announce it until either they have agreed a new hedge or with February production numbers in early March. I suspect we will get everything in one giant RNS as that's how RMM do things.

What's happening?

This is what people like Moon want. They want the conversation to be about them or their topics of conversation rather than the talking about the company or the fundamentals. Best to ignore.

You don't think PIs sell into RNSs as well? I know of several who are planning to here because they don't like what has happened. And then there are traders who are buying this now at 27p and will be happy to sell in low 30s.

They're not going to walk the price down to 26.5p so their mates can make 10%. This share can jump 10% on a single RNS.

Communication has always been my biggest complaint with this company. I agree completely Micru. The other details in the RNS were all good, yet completely drowned out by the placing. These should have been two separate RNSs with decent spacing between them. That way the positive stuff in there would get more focus. This BOD are terrible when it comes to PR, and that's why the volume is so low most days.

I've lost faith in this BOD, but I'm still happy to remain invested as there is still a lot of potential here. If things are still **** in the summer then I may reconsider my position because they are promising a lot in Q1 and if they can't deliver on that then I'll lose all confidence.

I also agree with Broker, this does appear to be setting up for a sale. Just a question of when. I doubt it will be this year.

Accessing funding doesn't necessarily mean another placing. When they are in full production and making good profits, they should be able to access a loan on better terms than the last one. Maybe they could even pay that loan off with a new loan to improve the terms on that debt. Depends if there are any early repayment fees.

I remember buying this when 149p was seen as a good price back in March. Been downhill ever since.

Whatever happened to $300k bitcoin and £10 a share by Christmas that I was led to believe when I bought in the March spike? Is the much talked about stock to flow model still accurate?

40k into 200k in two years is quite impressive. Now turn that 200k into 1m and you can retire.

"I do think I'm good at finding bottoms though... it's why my sex life has always been fulfilling."

Sounds like you spend a lot of time on Grindr.

@Metalhead25 That's all it boils down to. There's no need to spend hours debating what happened because it really is that simple. And that's what has caused the dilution in December and the potential dilution we currently face. I just accept dilution as part of the game at this point and reduce my target accordingly. My targets are based on market cap rather than share price. This still has significant potential, just not as much as previously. For example, we might be looking at a 3 or 4 bag rather than the 6 bagger we were hoping for 6 months ago. That to me is still a significant return on investment.

That said, I don't trust the BOD at all. They have tried to hide a lot of what has gone on and left us to piece the scraps of information together. It reminds me of the situation back in May after the fall of ground. Except this is less serious because we're much closer to full production.