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Plus if Newgen do agree to hold off repayments for 6 months, what’s going to change at Rambler to mitagate the same costs that’s got them into this shxt, hold back on development and exploration that’s not going to reduce day to day cost significantlyBasically Toby bull****ted especially in his last big interview in July he knew what was going on, he’s a ****** and cannot be trusted why did I invest in this ****
Goingtomoonufo.... LOL no **** sherlock. you shouldnt be ANYWHERE near stock trading u buffoon
I read it as that they are looking to defer debt repayments until 2023 and looking to restructure debt. Then in the next 12 months look at a capital raise to increase production and help cash flow. How are you guys reading this?
To me it is not as bad as I thought in the slightest! Need capital to sustain the current growth and push towards the 20,000-ton mark. As they mentioned this is a high asset mine with very low debt with great potential for growth!
Told u placing is coming
Well a lot better than I was expecting. Yes costs not where we want be but looking good going for remaining year. Production down to where I was expecting following financial issues but C1 costs look to be OK :
'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'
'In the meanwhile, with the flexibility we have created in the mine with the advanced level of development, we are reducing development activity. The increased ore tonnage per level that we are seeing in the Lower Footwall Zone gives us this near-term flexibility to adjust to the current downturn in the copper price.'
'The need to bring capital into the business is to ensure that long-standing legacy commitments are met and not to support on-going operations. The current drop in copper price is one which we believe to be temporary, but we also recognise the volatility in the market.'
Overall worse case scenerio would be share placing if loans cannot be renegotiated.
Personally think the loans renegotiation should work out in view of C1 costs but nothing is guaranteed.
C1 costs on the lower end of my projection for company in June. I was expecting it to be over $3.
Look forward to others views.
Glad you agree @goingtomoonufo.
A quick simple question for you?
- Are you invested in RMM?
- If so, are you short or long?
Okay lights still on but funds need asap.
C1 Cash cost per lb of saleable copper produced1 (in $) 4.7
Dismal; might as well close the mine at those costs
Looks like costs in June 2022 were $2.91/lb which is a small profit. It was just the beginning few months that pushed it up so high. At least they can show moving forward to creditors that they can work and dig it out at a profit. Further down it says they expect to reduce this to $2.80/lb later in the year.
Absolutely agree.
"In the context of the resource base that Rambler holds, the valuation of the Company, even including its current debt position, is exceedingly low. The operations are proving themselves and future production is at less risk than it has ever been. Over and above this, there is strong exploration potential with 3 new mineralized zones discovered just this year." - TB needs to shows its true value the pillock!
Although I am invested in RMM, I don't believe a word TB says! It would certainly help if we had a new CEO who stuck to his words.
Hopefully, but the thing here is that H1 2022 costs per lb of copper was $4.7! This is of course due to the difficulties earlier in the year and low production bringing the cost vs product up, but thats a huge cost. Need to become more efficient for sure
"we believe that practical solutions will be found all round"
moony
ree - I spoken to them on 15 sep
There is no signal from the Moon, you are most likely taking to a Martian
Then call that number explain to me then. Sorry that very strange behaviour.
Sorry it’s no hoax I am being serous I have invested here long time. I spoken to them on 15 sep
You know, apart from SKS being a nationwide firm of business managers, with their Richmond store being shown on their website, that's an elaborate hoax..... or more likely, moon is crazy
Keep laughing because that not normal behaviour. Sorry I take this very serous. That number used to work now it don’t unless it just me seen it. Not just me then
A lot more bought than sold today.gl
Marked down this morning but unchanged 6.50 v 6.75pnow, though there are double the amount of buys v sales
Done a runner With 7000 tons of copper! How dare they!
Well i been in contact with them few times leave message for tb I did. After that got call bk from tb. Rest can’t disclose. After that phone been dead 1 week
That unfortunately SKS Business services Ltd have changed their number.
I think he's trying to elude that the entire company has been a front, and now as he cannot call an accountancy firm in Surrey they have done a runner.
What is it that you believe has happened moon?