Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Its all about efficiency which some people just can't grasp.
The mine has moved to blasting once per 24 hours at the end of the day shift. Where previously, we were working 2 x 10 hour shifts to allow for blasting between shifts, we have moved to 2 x 11 hour shifts increasing the time available for work by two hours (10%) per day, further improving the utilisation of people and equipment.
RMM Management have realised where cost savings can be made and have implemented these measures immediately, including being more productive on a daily basis as noted above.
You don't keep people employed if you are as efficient with less numbers, it really is that simple. Having non- productive employees stood around taking a wage is not being efficient, what is so difficult to understand?
They still have 186 people employed, well as stated in the official RNS.
Yet once again, the positives can no longer be absorbed by the "Non Invested"
And there it is " a quick retreat from the share at the earliest opportunity is the move for you."
Yet another attempt to get others to sell up so that they can feel better on their judgement decision they have made.
Lekka- You are wasting your time going into discussion, don't lower yourself to there level.
They don't have a clue about efficiencies, it's the same constant drivel "20%" when they don't know where the reductions were made.
Like I said before,if 8 men are as efficient as 10 men in a mining gang, then common sense tells you what choices to make to save money.
Still posting here week after week and not invested just shows the sheer desperation.
RMM have 2 hedge deals now in place, I would not be surprised to see another be announced shortly.
Well that's been the best comment so far "Intelligent Information " LMFAO
Constant posts today from the "Not Invested" crew once again, posting more crap as usual, nothing true and factual.
The same pattern here day after day from the not invested crew, what a sad life.
You have to pity those who are this sad who cannot except their decisions and move on with their lives, they just can't let go.
We have to be kind and just bear with them for a few more weeks, it's like a bad smell that will go away with time.
Santhi123- Great Post.
Moon- Great Post.
Mad8- Great Post.
I thought it only right to state the above to follow the trend, wouldn't want to be different now would I, :)
A few positive posts fetches them out the woodwork doesn't it, yet another poster who claims 80% loss, now only see's everything from a negative angle, a constant trend here.
Where is the true FACTS that RMM have NOT been in negotiations with the lender, clearly point me to the RNS that clearly states this, erm, you can't.
The last 3 RNS have all been positive going in the right direction, or can you not accept that you may be wrong?
No more posts now till the New Year, I need to be around positive people who can see a better future.
GLTA lth's
Don't you just love it when people can not admit they were wrong.
Copper going to be $2.50 by the end of 2022, blah, blah, blah, yes really, that didn't work out now did it, I must remember that whatever I read on the Internet must be correct, yes whatever.
How embarrassing and they still continue to post, and will be trying to get back in now realising their mistakes of their knee jerk reactions.
Never invest what you are not prepared to loose, that's my strategy.
As always, the doom and gloom brigade will report my posts, as they don't like the truth, owe well the recommends say it all.
I will stay positive here, yes mistakes have been made but they are seriously correcting them fast, cost savings, hedge deals, now sorting out the finance.
They have proved they can achieve the tonnage rates, I see all coming good in 2023 in my opinion.
If this share re-opens back at 25p, would you then consider yourself lucky??
At the moment I have lost nothing, I still own the same number of shares today as I did 6 months ago, I don't feel the need to quote figures on here, and what does that actually achieve, absolutely nothing.
No one was physically forced to sell, that was their entire decision as it was yours, why do others need to know values, or does this just emphasise then the need to post negatively against the company for their judgement decisions?
Everything at the moment is going in RMM's favour in my opinion, let's see what the New Year 2023 brings.
Don't mention copper prices rising on here, it will be followed by certain posters claiming the opposite, all negative, doom and gloom, the company not being able to mine it for what they are selling it for, so on and so on.
Copper is going in the right direction, alot of inventory specialists predicted this, but that is being positive which the doom and gloom gang can not accept and only wish to continue posting negative garbage to try and gain a cheap entry price.
When RMM are back trading, these ridiculous prices won't be seen again.
Let the copper price continue to rise, all will come good to those that are patient.
Some people just can't grasp it.
If you had 12 people working in a mining team and 2 operatives weren't productive, basically stood with a finger up their ****, then you would reduce the numbers to be more efficient. You would not just keep them employed because you have set them on and now have to keep them in a job, that would just be dumb.
186 people is a huge workforce, split between 2 shift patterns.
People have been stating the price of copper will go down up to December, it has actually gone up in the last few weeks, FACT.
Anyone who believes everything that is available on the Internet needs to have a serious look at themselves, as 50% is total garbage.
Watch what happens to the copper price when China opens back up to full trading, with hardly any stock it will be a price war.
RMM still employ an army of mining staff, 186 people as stated in the RNS, more than enough to keep running at full capacity, FACT.
Copper price forecast also looking good, and anticipated to rise through into 2023.
RMM already took out 2 hedge agreed copper sale contracts in excess of their anticipated production costs.
As always there will always be posters stating false information, all wanting to get back in on the cheap, they are the ones you need to skip past their posts.
Talking of the devil's??
I keeping looking on WRES every now and again, I see GUG just can't stay away.
I just sit in the background most of the time, some people will argue all day long even when they have been proved categorically they are wrong, not worth replying to.
Hi Tro,
Any positive note on here will be met in full force by the negative force posters, who have no interest in RMM, as they sh#t their pants and bailed and now want everyone else to sell up to make their own actions feel better.
Bit like our regular poster at WRES, just got to skip through the trash, they are not worth reading.
MB,
If you have already been worked out by many on here, what you are posting one minute you're doing totally the opposite behind the scenes.
We have already worked out your intentions, don't try to wiggle your way out of this one, you know what you posted and why, you won't fool us.
Nothing you post is in the interest of investors here, just your own personal trading tactics.
You wouldn't want to be out of these over the weekend, :)
Canada markets just opened up, they will want to be if an offer is coming, hence price monitoring
My chart is going bonkers, where is Moon when you need him, £2.56 now
Chart saying £1.46 now, these charts are brilliant, what does your say Moon??
The copper price has been in retreat since hitting all-time highs in March and was last trading at $3.28 a pound ($7,230 a tonne) in New York, a 10-week low.
Fitch expects prices to average $8,400 a tonne in 2023 and $11,500 a tonne by 2031 as a long-term structural deficit emerges due to the very strong long-term demand outlook.
Don't take Moon, we need his charts, :)
Chart saying 84p now, LMFAO