Company's interim financial report which will be released before the end of September.19 Sep 2022 17:51
Until the company releases the financial report before the end of September, then no one has a clue as to what is actually happening behind the scenes, everyone is just guessing.
There is that many gestimates on here, that come the day when the financials are released, there will probably be someone who was close to the facts and then will be saying "I Told You So" .
Every person on this board can come up with numerous gestimates of what they think is going to happen, but until the actual company tells us what the true "FACTS" are, then its just your guess is as good as my guess scenario.
The market didn't like the last RNS financial announcement, hence the sudden drop in the SP, we don't know whether this was done intentionally or not and back fired on them, we just don't know.
If the company wa doing so badly, they wouldn't be employing new staff and reducing their numbers not increasing them.
Yes the current copper price is not good at the moment, but "if" they are continuing to hit monthly targets then we all do not know what the copper price needs to be to ensure RMM are making money after servicing debt until the financial report is released.
For all we know, they probably want to keep expanding at the current rate, increase production, buy new equipment and reduce the material being transported from A to B, this all requires funds but the bigger picture is where they want to be in 12-18 months time.
Like I have already said, "We Just Do Not Know" , too many on here wanting to get a lower entry price.
Remember you only loose when you sell at this ridiculously low price, and what gets me if its so bad, why is there more buyers than sellers??
True FACTS will be with ourselves soon, then we will all know whats happening.