George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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I’m hoping to be much better off come this time next week if this takes off as many seem to think it will. Who the hell knows though, the stock market can stay irrational longer than you can stay solvent and all that so nothing would surprise me at this point but of course hoping for the best here this week!
Afternoon Bellers, hope you’re well Sir.
JR, hello young man. How are you doing? Just popped over after doing some research after a Twitter read. I’ll carry on with that today and if it seems worth a shot I’ll jump in tomorrow.
Would said takeover offer be at least 40p?
Get a grip aimtitan....
Jeez. Filter bin for me personally.
I forsee a lot of green boxes in my future.
Something is going on regarding possible takeover or secured finance .once copper hits 4.50+ we can talk about 50p+ if we swim next few months .onward and upward only
Very underpriced
At £9m mcap the only way is up
Aim you did. Fair shout. Personally I think they will drag it down fishing for sales then a uptick for rest of the week. Gla
Interesting, his conclusion based on the charts is 81p upcoming, hope he is right then!
This is on trading 212 so volumes should be stellar
https://twitter.com/_tradespotting/status/1576319348502712320?s=46&t=rpFcxRFpRijSbiwFj1Pdag
https://twitter.com/_tradespotting/status/1576319348502712320?s=46&t=rpFcxRFpRijSbiwFj1Pdag
The company had a massive investment to ramp up production. When you look into June Numbers which are as well mentioned on the report, 2M $ contribution (ebidta) was created. This has now a massive upside potential guys. Its more important what is upfront of us … no one complained anymore about years of investment in Tesla and all the losses, its about the future potential … this are massive here / company will be easy over 100M gbp worth
The Group incurred a net loss before tax of $9.6 million for the six months ended 30 June 2022 (2021: $4.8 million). As
at 30 June 2022, the Group had net current liabilities of $20.0 million (December 2021: $8.8 million).
However, the balance sheet at December 2021 had net current liabilities of $8.8m which increased to $20.0m at 30
June 2022. A material amount of development has been carried out not only in the period under review but also in the
12-months preceding that which has now resulted in the operation producing some operational cash flow, although this
is insufficient to service the working capital requirements. The development of the mine and the losses in the first
quarter were only partially funded from new equity and the purchase and sale of the gold stream. The shortfall has
resulted in an increase in accounts payable. In addition, debt repayments have now become current.
The balance sheet requires restructuring to support the operations by accelerating repayment of legacy commitments
made during the intense Covid period and bringing operational accounts payable balances back to current terms. In
addition, rescheduling of the repayment of debt to match Rambler’s operational cash flow generation and further capital
expenditures to create further efficiencies is required.
Managing cashflow constraints are impacting the mining schedule and therefore resolution of legacy commitments is
an immediate priority. Following a review of the latest Group working capital forecasts, the Group needs to raise funds
to materially reduce the current creditor position in the short term and for general working capital in the next 12 months
through an issue of new equity and restructuring of debt. The forecasts assume that agreement can be reached with
NewGen to defer capital payments into 2023. However, whilst the Company is engaged in discussions with NewGen,
there can be no certainty that NewGen will agree to defer or reschedule the repayment of its loan, or in the event that
the loan is deferred and payments are rescheduled, the terms on which the revised loan will be secured.
The Group’s ability to continue operating in the normal course of business is dependent upon establishing sufficient
operating cash flows from the Ming Mine, and to the extent required, through access to equity and debt markets. These
factors together with the continued unpredictability of cost inflation and the copper prices indicate the existence of a
material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern.
So despite net debt increasing significantly and the mine running at a loss even after a string uptick in production AND the repayment of the newcrest loan commencing in October AND the liabilities due on the royalties increasing this is a good investment?
Tell me, what do you think the breakdown of the numbers will be for October?
Please read page 15, been tracking this share for some time.
Notes to the Consolidated Financial Statements
1. Nature of operation and going concern
https://www.ramblermines.com/storage/financials/financial-results-h1-2022-1664295852.pdf
Maybe one to watch!
Pump n dump move on to ITX next a well run company
Another one 27k followers
https://youtu.be/UbqKItiBsa4
Told you its going viral on discord!
LOL
https://twitter.com/_tradespotting/status/1576319348502712320?s=46&t=rpFcxRFpRijSbiwFj1Pdag
“2445% Trade Opportunity for Monday“
Couldn’t they have just muted the notifications? Seems a bit extreme suspending the pages, I mean, what sort of feedback were they expecting after the recent sp performance!?
Anyway, could point to something, could be nothing, hopefully next week holders will know more.
Corrections in caps:
'Re short squeeze, I just can't see that tbh. Someone has mentioned short squeeze as a theory here, but I don't buy that tbh. It's nothing like GameStop IMO.
GameStop HAD a leveraged short I think about 140+ % of shares in issue, by hedge funds, and as a business RMM just are'NT as relevant to big market movers etc.'
@fuk
"Personally I believe the rise we had was more likely less complex.
The share price was low and people decided to take an opportunity after a sustained drop, this was likely expedited by day traders pumping it up and from of missing a move up. This also explains why it dropped back later in the day (as short termers took profits)"
That's the truth, and you are without doubt conversing with the lead actors here. They have, as per your post earlier. No backup for those 40p plus deal claims..... Much as all holders would be happy to see it.
However they will play on it as long as the company make no statement.
It's a blatant rinse n repeat ad said early today.....
The reputation of several of these accounts goes way way before them on several shares.....
Regards.
JonesRichard.
The float and free float are different things, but your point still stands on that.
Re short squeeze, I just can't see that tbh. Someone has mentioned short squeeze as a theory here, but I don't buy that tbh. It's nothing like GameStop IMO.
GameStop has a leveraged short I think about 140+ % of shares in issue, by hedge funds, and as a business RMM just are as relevant to big market movers etc.
Personally I believe the rise we had was more likely less complex.
The share price was low and people decided to take an opportunity after a sustained drop, this was likely expedited by day traders pumping it up and from of missing a move up. This also explains why it dropped back later in the day (as short termers took profits).
I don't believe a significant short in RMM is known or likely.
Just my opinion.
Atb