Member Info for YugoBoss

Saleable Copper produced - 1588 Tons

1588 x 2240 = 3, 557,120

Let's say $4/lb = $14, 228, 480

You will not convince me RMM are now not making money.

I agree it appears with copper price and increased staff that up to the end of September they were just covering costs, now this is a different ball game.

I would expect another hedge being announced shortly, protect themselves.

This is all in my opinion, dyor

"When looking at the operating performance, a C1 operating cost in June 2022 of $2.91/lb is starting to show the true potential of this mine. This incorporates all the price increases experienced over the period and we expect this number to continue to reduce. We project our C1 cost at the end of 2022 to be in the range of $2.70-2.80/lb"

Now if RMM produce low ball figure of 550T copper month, this has been more nearer the 600T but less say 550T for arguments sake.

550x2240 (2240lb per Ton) = 1,232,000

Let's say $1 profit per pound for arguments sake.

$1,232,000 profit per month.

Today's RNS in my opinion is very positive once again.
Efficiency introduced and RMM are still able to produce the same figures in Q4 with 20% less staff as they did in Q3.
And this was achieved with 100 hours down time.
As stated in the RNS, cashflow was tight at the end of September due to lower copper price and increased mining staff, this has all changed now over the last 3 months.
RMM only get cash in the bank when the copper is sold, which from my previous calculations I still think in my opinion they are now making over 1 million profit each month at todays current copper price.
Once this 1588 tons of copper is sold, RMM will be in totally different situation which is why the suppliers are fully supporting them knowing that payments will be slightly delayed, but will be paid.
A positive RNS will always bring out the doom and gloom gang.
Copper price according to the know it all's should be less than €3/lb now, Q4 results was going to be far far less than Q3 due to 20% staff reduction.
Well, they all wrong again, scaremongering, that's all they are capable of.

Moose and monkey same person.

Moose nothing like moon's posts, they take abit of reading.

Isn't is amazing how all of a sudden our persistent poster is bringing up all the companies previous history and how bad they are, but they were fully invested here up until recently when they wet their pants and bailed out.
If they are so bad with such previous track record history, then why would they of invested here in the first place.
Sour looser and just can not admit they made the wrong decision and desperately want to get back in.
Calculations and figures not their strong point, maybe not enough beads on their abacus.
Don't forget, buy high and sell low as per the advice from our team poster, absolutely hilarious, keep posting the garbage, never had so much laughter in a day.

The more the price of copper goes up, the most desperate and embarrassing they become, they should be on stage for comedy like this, hilarious to read, keep them coming.

Moose, it's the same poster using 2 accounts.

NOT Bitter, LMFAO
That's the best one yet from Monkey.

Facts from RMM RNS statement.
"When looking at the operating performance, a C1 operating cost in June 2022 of $2.91/lb is starting to show the true potential of this mine. This incorporates all the price increases experienced over the period and we expect this number to continue to reduce. We project our C1 cost at the end of 2022 to be in the range of $2.70-2.80/lb"

Moose Is monkey, just logging onto different accounts, not invested, bailed out and now wants a cheap re-entry price as now realising they have seriously got it all wrong.
So easy to work them out, always negative posting, just scroll past the rubbish as not worth reading.

https://www-thehindubusinessline-com.cdn.ampproject.org/v/s/www.thehindubusinessline.com/markets/commodities/copper-likely-to-witness-supply-deficit-prices-may-surge-to-10000t/article66356367.ece/amp/?amp_gsa=1&_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16733785426547&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.thehindubusinessline.com%2Fmarkets%2Fcommodities%2Fcopper-likely-to-witness-supply-deficit-prices-may-surge-to-10000t%2Farticle66356367.ece

And in addition to the profit per pound on the copper, one of the recent RNS also stated the following:-

"Rambler, having established a developed state in the Ming Mine to support its designed production rate of 1,350 tonnes per day ("tpd") of new mined ore, is now undertaking an efficiency improvement program aimed at optimising the size of the organisation. This process is targeting cost reductions and improvements in operational efficiency that the management expects to yield cost savings of up to US$1 million per month"

The below was taken from one of the RNS's

To all the long term investors here, Am I missing something??

"When looking at the operating performance, a C1 operating cost in June 2022 of $2.91/lb is starting to show the true potential of this mine. This incorporates all the price increases experienced over the period and we expect this number to continue to reduce. We project our C1 cost at the end of 2022 to be in the range of $2.70-2.80/lb"

Now if RMM produce low ball figure of 550T copper month, this has been more nearer the 600T but less say 550T for arguments sake.

550x2240 (2240lb per Ton) = 1,232,000

Let's say $1 profit per pound for arguments sake.

$1,232,000 profit per month.

Please tell me if I am missing something here.

And it gets better as the price of copper goes up.

https://m.economies.com/commodities/copper-analysis/copper-price-begins-to-rise-%e2%80%93-analysis-%e2%80%93-9-1-2023-97625

Afternoon all Genuine Investors here.

Just as small correction.

MAD8 - my note was in relation to you asking posters not to respond to the looney tunes, nothing to do with your post being removed. The Looney tunes will of reported your post, they do mine all the time as I have had many removed, they just don't like the true actual FACTS getting out.

I hope to god its not knowledge or we all going to be doomed.

We all have to remember that everything we read on the Internet is 100% true, we wouldn't want our poster clown to realise this or we wouldn't get our laughs every day reading their embarrassing posts.

I believe everything they write, so much vast knowledge its unreal, please keep posting more and more every day, we could call it the loosers club following.

The desperation now is so visible, how desperate to get back in and can't due to the suspension, its breaking them.

Never mind, you will be able to buy back in at more than your recent bailing out selling price, that's how me make money, right.

Buy high, sell low, yes I am learning from you, I will try this new method and see how I get on as this must be right if I have read it on here.

Apologies MAD8, I see your post got removed, can't help myself :)

Wow, lost for words.
Don't you think you have answered your own question??
" Inoperable" being the keyword here.
I think there is a huge difference between a vehicle breaking down and being written off, you have obviously not understood the point being made here entirely.

Lost absolutely nothing here, you only loose if you sell for less than purchased, simple.

This is far from being over, never invest what you are not prepared to loose.

No one is forced to buy or sell, investors only have themselves to blame for their actions, good or bad.

Being bitter about your own transactions is of no interest to absolute strangers, so telling the whole world is beyond me.

Anything written on here can be taken with a pinch of salt, true or false no one knows.

RMM Management have made mistakes, we all know that, but they have acknowledged this and have introduced new measures so in my opinion they have to be given a chance to prove this.

If I bought a new car and it broke down in the first month, I would not sell it on the basis of worrying that it would break down again.

I may hold 10 shares, I may hold 1000 shares, I may hold more, but that's my business and that's the way its going to remain.

Know,
Which RNS shows the 5500 figure, I can only find the below statement
"These factors have had an impact on operations and accordingly, Rambler is revising its production guidance for 2022 to a range of 6,300 to 6,600 tonnes Cu from 7,000 tonnes. "
Will look through them again.

https://www.mining.com/copper-price-bounces-after-news-about-fresh-investment-in-china/