Member Info for Xenor

@Peterdee

"The figures I read (from RMM’s public statements) were that as of 31 March they still had 3022 tonnes of copper sales to deliver this year. In 2Q21 they produced 673 tonnes (down from 876 tonnes in 1Q21) leaving 2349 outstanding sales to deliver this year. It would seem miraculous if they could produce that much in the last two quarters of this year."

This misses the fact that they are ramping up production to have 6 stopes complete by the end of the year, so you can expect them to reproduce more copper than they did in Q2. Don't forget that they were producing from one stope in Q2 due to a stope collapse. Q3 figures will be interesting for sure. I figure we'll get those in October.

I'm still here, topping up and lowering my average when I can but there isn't much to talk about right now.

I sold my remaining shares for 125p a week ago. Also took a hefty loss in the process. I see this crypto bull run as finished so had no chance of breaking even before the next cycle in 2024. My money is better used elsewhere than bouncing around this level. I figured if I can double that money elsewhere then I have the losses back from ARB. I still keep an eye on the share price to see if I did the right thing.

We're fully aware of that @Goingtomoonufo. For most of us we invested on the fundamentals of the Ming mine and anything from Little Deer is a bonus.

I would expect a share price of £4.50 at 100k bitcoin.

Whether we'll see a 100k bitcoin is the biggest question that remains.

"Last chance to top up before the train leaves the station, choo choo."

This train seems to leave the station more often than Rita at Alton Towers. I'm sure people can hop on the next train if they can't find a seat on this one.

Fair points. Although it does seem that every time we get a bounce from good news it is lost. Remember the green mining stuff a month ago? We got a boost from that yet here we are at the same levels again.

Generally I put the price of this at a rise or loss of 50p per 10k bitcoin with 200p at 50k being the starting point. This fits with the current price at 126p for a 35k bitcoin. This formula has worked since around March. That's why I'm more relaxed these days. I know if bitcoin goes way up again then we'll follow, but unfortunately also follow it down.

Will be interesting to see if the extra 50 bitcoin we mine changes this price formula as by your logic I'd then expect 226p at 50k bitcoin and 300p at 50k if your NASDAQ prediction comes off. My pessimistic viewpoint is that we'd see the 26p rise on confirmation of an extra 50 bitcoin that you predict but then settle back into the 200p = 50k formula. Same with NASDAQ. Nice initial boost but not held on to. Hopefully I'm wrong.

I don't do it and don't intend to because it's high risk unless you know when to stop. Can guarantee the second I short bitcoin or ARB we'd have bitcoin running up to an all time high, or if I bought at 30k it would drop to 20k. At some point this pattern of moving between 30-40k will come to an end. Right now I'm happy to just keep holding my remaining shares until I can exit at break even. Need bitcoin around 70k to do that however.

Bitcoin keeps moving between 30-40k. I can definitely see why people short it and ARB. If you play it right you could make a fortune shorting at 38-40k and then flipping to buying at 30k.

Trading at these levels is risky. I sold some last week at 105 and again at 102 on the same day expecting to buy back around 90p. Yesterday took me by surprise. It's pay day tomorrow so the dilemma for me is whether I re-enter or average down in my other massively undervalued share.

Nothing has changed. Just impatient people selling for losses to chase rainbows elsewhere. They will be back once we have news and pay a premium for re-entry.

What's driving this rise today? Seems a bit unexpected.

The share tracks bitcoin. We won't see 50p unless bitcoin drops to about 15k. Who knows where the bottom is. A few months ago not many would have said we'd see 28k again.

The crystal ball predictions of 15k are almost as bad as the crystal ball predictions of 100k+. No one knows where BTC is heading, but it doesn't look positive right now.

At current bitcoin price I would expect ARB to be around 97-98p. I'd say it's holding up well, and I'm sat on a heavy loss.

@StayLong I certainly agree that this is very under valued. But I think it will take trial news before that value is realised. I'm not here to deramp. I'll probably not be posting much until I re-enter so don't worry about seeing deramps here - even if I do sound a bit negative in this thread.

I don't think Sang has been deramping. I think a lot of people were buying this recently expecting news in June and then sold once they realised this isn't happening any more. I sold because I could see what was happening, although I didn't act quickly enough. I will re-enter when it tests 90p again. I think this will bounce between 88-110p until trial news and I'd rather my average be at the lower end of that.

I sold mine as I don't want my money sat idle for a couple of months whilst the traders sell, make money elsewhere and buy back cheaper. You don't get rewarded on AIM for holding.

Sang every time you post the share price seems to fall.

If you are rebalancing your portfolio why would you be buying back in the 90s? I do agree with you however we will no doubt revisit that before the Autumn.

Nimrod22 is nothing but a troll. He will never buy. If the share price somehow did get near 25p he would be talking about a 20p buy limit.