Member Info for Xenor

He'll be begging for a jab once he's in the ITU himself.

Better to get one now than regret it later as others have done.

Hospitalisations lag cases. Deaths lag hospitalisations. Of course people are going to die from omicron.

I always thought the markets were forward looking until I invested in RMM. Still priced as if we're going bust, despite all the profits we'll be making in the near future.

It all comes down to the information available at the time.

Back in April before the company had a fall of ground and we were sitting at 50p+ then £1.25 at Christmas didn't seem unreasonable. As time goes on and events play out then the situation changes and so does your price predictions.

Back in October with delayed finance, fundraising and Covid RNSs coming along I would have been happy to break even at 30p by Christmas. However, with the information we now have I'll be disappointed with anything less than 50p. We aren't going to hit 50p by Christmas so I expect to be disappointed.

"The very low SP is reflective of a delay"

I disagree. I don't see a delay and fully expect 1350tpd at the end of 2021 and the hedge cleared by the end of the month or at worst a week into January. The low share price is down to people trading.

Glad someone is asking the BOD these questions rather than just bickering on here like some people! The BOD have a duty to inform shareholders of what is happening, even if they can't tell us everything.

@BillB: I'm not sure why you're creating a post to tell me that. Let me quote the part of my post in the other thread that you did not read.

"there were very good reasons for the amount of dilution this year"

On January 4th we had a market cap of 28m with a share price of 35p.
On December 7th we have a market cap of 46m with a share price of just under 35p.

That's an increase of 65% in market cap. Equivalent of 57p share price.

This is why dilution sucks, and they need to justify it. Otherwise we might be sitting at 35p in 6 months time with a market cap of 80m. I don't think that will happen as there were very good reasons for the amount of dilution this year and I don't see that being repeated. But dilution for no apparent reason is no good and it's not a habit they should be allowed to do.

When we were at 42p I thought we were extremely cheap. I don't understand people selling at this level.

A pullback at some point was inevitable but I think it has gone beyond that and people selling for 31p are selling because others are selling. Generally people trade because they think they can get a cheaper re-entry but if you're selling at 31p I think there's little scope for that and more risk of paying more to get back in after a positive news update.

When we were at 42p I thought we were extremely cheap. I don't understand people selling at this level.

A pullback at some point was inevitable but I think it has gone beyond that and people selling for 31p are selling because others are selling. Generally people trade because they think they can get a cheaper re-entry but if you're selling at 31p I think there's little scope for that and more risk of paying more to get back in after a positive news update.

@Fukurokuju79 I think it's important to strike the right balance. This year we have gone quickly up to 62p, down to 17p, up to 45p and back down to 32p. It is highly volatile. This stock currently has a very high free float due to the lack of II investors and high amount owned by PIs. Many PIs tend to be traders rather than holders, hence the large swings up and down. So I'm not sure how having even more free float would reduce volatility as you seem to suggest.

Let them buy on the open market, share price shoots up to 60p. They could then do a small placing at 60p if they feel the need to pay off 5m of the debt. That would have been less dilution than the 35p entry for IIs. There is absolutely nothing good about that news.

We need IIs buying on the open market to reduce the free float. Means less volatility for us holders.

Still happy with my position as it's still a bargain buy at this price but like most others I'm annoyed.

IIs only benefit us if they buy on the open market. 8% dilution is not good. Reduces my target by 8% in a couple of years as now needs a higher share price to reach the same market cap.

We need new investors. They need to get word out about the turn around story and attract people to invest. RNSs are nice but I'd rather have a slow rise than a big spike upwards followed by a 30% retrace.

The whole market is suffering today due to the Nu covid variant news. Over reaction in my opinion.

The news we've had so far in the past month has yet to be fully priced in so there is definitely further room for growth before more news.

Take no notice of people saying it will be back to the 20s. DarrenBuffer is openly shorting the stock and has an interest in it falling. I can't rule out 100% that he's incorrect, but I would say it is highly unlikely and regardless this will bounce once the board get the message out that this is a great investment and we start posting profits rather than losses.

I see upside in the multiples of this share price, I wouldn't even sell at £1 and I'm ridiculously overweighted here. I don't want to admit what percentage of my portfolio this stock is.

Best advice is to do your own research. Calculate how much profit you see us making next year, value the company based on that and calculate a share price. Main risk of course is the copper price but it is looking strong.

Would love to see his research that suggests this company is worth less than 50m market cap, nevermind the market cap we had in the 20s.

The mine is closer to London than Vancouver. Canada is big.

You likely bought at 0.56p, consolidate the shares by 100 and you're at 56p. You'll be back in profit soon I'm sure. :)