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i love the game rmm is like crypto to the diptoe ahahh
GTTM - much of those figures weren't cash inflow though - they we debt equity swaps- paying of trade creditors and loans used to get through 2020 when mine wasnt producing
You need to understand the full picture not just a corner of it
GLA
(A member of the "private group!" that in concert are the second largest holders of RMM! Not bothered about SP now, have taken issue with several matters with the company. They must do better on somethings, but I am happy with the progress they are making in developing the mine and happy to hold by 200k investment to make .5M in due course- GLA)
how much did we get November 25 million in feburay 10 million total is what ? 35 million. correct. so we are upgrading mine plus putting in ore sorting machine. how much you think that is 1 million ?. look at over company that have done same its very exsptive. also what i have leant with toby bradbury is that sanata gold got massive investment to turn around the mine they did look at history. if we in copper bull run we must profit from situation the way i call it free money because of copper price. loans only to cover cost of upgrading mine fixing it. not staff we producing big difference.
What is this "doing 5 things at the same time business"? I run a small business and we do loads of stuff at the same time it's called delegating tasks? I'm really confused what you are trying to say.
GTTM UFO No where in your financial ramblings can I see you allowing for income from sales. You seem to think that staff salaries and running costs are all coming from loans.... Many businesses carry debt, especially for investment. Its not always a bad thing. Rambler have had a minor set back on the turn around, it happens - move on.
This board is getting really bad, we’ve had little news on finances now PI’s on here are just making it up from google searches, WTF!!!Shall we just wait until the company who we are invested in and knows it’s own finances better than any PI on here does, let’s us know, 70 million I have never heard so much drivel....
WTF are you posting random numbers on a BB, you have no idea what any machinery, labour or running costs are, if you want to post continuously then post facts not made up numbers.
35 million got already in help correct. that means we need ore sorting machine that maybe 25 million or more. put that together plus worker is 70 million. plus setbacks. if i am only one seeing this i must be idiot .
so if we have got 35 million already. the ore sorting machine is 30 for example.. that 65 million not including workers so on. they keep getting new staff on top doing 5 things at sametime. dont forget mine is running at half at moment. while upgrading it.
depending the size of rmm plant it depends cornish say miner get payed like 65k how many new staff do they have plus contractors. so on. plus drilling plus transport of ore plus upgrading plus new entries hole to go into. if u thinking rmm only need 1 to 3 million is joke. i say 70 million in total not now we already done 35 million. so we not fair off.
right look at this some company are less or more for equipment
https://www.alibaba.com/product-detail/Complete-Mini-Copper-Iron-ore-and_62329642119.html?spm=a2700.galleryofferlist.normal_offer.d_title.59d5130btBXe44&s=p
right u tell me how much a ore sorting going to cost. they even said they upgrading all electric by h3 this year. great planning already to sort out ore sorting by 2022. with all that cost and drilling its like having 5 task to do at sametime. they cant not saying 70 million now for ming mine i am staying that over the year or next. even little dear no way that happening unless jv.
hang on min someone said we still have debt i am looking at wait debt we have. we sold 2 million asset. we roughly make 7 million every 3 months or 4 months. my understanding is we are debt free but someone said we not. i just look at want i found. i dont say i am clever i made mistake all time acutally every min with my dylexica haha. so trying to understand
Loads happened since 31 Dec
You are the one telling us how clever you are bro - you must know cos you spouted 70M needed to finish the mine! Take a look at how much money has been raised in RMM life
Some posts on here are ridiculously under researched and talk as if fact
Debt repayments of $1.29 million (Q1 2020: $0.40 million) were made in the quarter.
· Net debt was $3.46 million at the end of the quarter (31 December 2020: $3.53 million).
· Cash was $6.27 million at the end of the quarter (31 December 2020: $6.24 million).
this is want i found. last rns do we owe more ?