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Sitting with an average off 28p on 250,000 shares and see carnage coming but can't sell lol, anyone else in same situ??? Unfortunately I see this as a share that us as shareholders get well and truly screwed over or one were we get the loan required to well and truly put rambler on the road to recovery and profitably and reason why in my position I'm still here. Honestly don't see the middle ground off ending up at 5-6p at close next Friday, think it's either boom or burst. Can't bring myself to press the sell button with possibility in 2-3 years time rambler producing 25,000 T and copper sitting 4.50-5.00lb and share price maybe 60-70p but my head is saying get to f.k out now with 14-15k and start afresh somewhere else and maybe make up the loss. Unfortunately I think I got caught up to much in the rambler story and it ticked so many boxes for me when I was looking for what I thought the perfect turn around , maybe it still is but no more funds to invest ATM and even if I had I'm not sure I would , 17 years in business and still not a fit to show they have a mine that can be profitable!!
Looks like 30th sept going to be D- day for our good/bad news . Tbh and iv
Best to keep some powder dry here IMO in the event a placing at discount to prevailing price is part of the package.
Have a comfortable position in the event they pull a rabbit out the hat, but enough aside to be able to execute at a price similar or equal to any potentially discount placing.
I think if anything can take it down to 5p it'll be related to that. However ATM, until news at least, 6p 'seems' to be broadly stable.
Next five days will be interesting.
Atb
I took profit from my punt on EVE earlier and bought some RMM for the first time. Good luck with the 5p. I can't see it happening myself.
That until I double dwn once hit that zone
Not doing anything until 5p first target
Rmm copper price sinking
Markets and commodity prices are crumbling today! There are a few buys coming in now!
In all the market turmoil today and a sea of red, a brief touch of green here, nice to see.
Also on search spotted this very recent example of where the gov have stepped in to support a company in line with this strategy:
https://www.canada.ca/en/prairies-economic-development/news/2022/09/minister-vandal-announces-investment-in-processing-of-rare-earth-elements-in-saskatchewan.html
Here's what posted recently asking the same question :
Canadian Gov Critical Minerals Strategy (has just completed consultation):
Canada’s list of critical minerals
The Government of Canada has developed the following list of 31 minerals considered critical for the sustainable economic success of Canada and our allies and to position Canada as the leading mining nation, as set out in the Canadian Minerals and Metals Plan (CMMP).
Canada has a long history of producing many of these minerals, and has the potential to produce more.
Aluminum
Antimony
Bismuth
Cesium
Chromium
Cobalt
Copper
Fluorspar
Gallium
Germanium
Graphite
Helium
Indium
Lithium
Magnesium
Manganese
Molybdenum
Nickel
Niobium
Platinum group metals
Potash
Rare earth elements
Scandium
Tantalum
Tellurium
Tin
Titanium
Tungsten
Uranium
Vanadium
Zinc
The list was developed by Natural Resources Canada using a criteria-based approach and in consultation with provinces, territories as well as exploration, mining and manufacturing industries and associations.
Federal, provincial and territorial (FPT) collaboration is essential to advance the critical mineral file and seize opportunities. The federal government engaged provinces and territories through a FPT task team to help refine and support Canada’s list of critical minerals.
Canada’s critical minerals are:
Essential to Canada’s economic security
Required for Canada’s transition to a low-carbon economy
A sustainable source of critical minerals for our partners
The list provides greater certainty and predictability to industry, investors, provinces and territories and Canada’s international partners on Canada’s mineral priorities. It also enables policy makers to target and address key points in supply chains.
It costs companies 100s of millions to find and then open a mine like this! At present this is worth £10 Million!! This is a fully functioning mine which is moving 7000 tons and has capacity with investment for 25,000 tons!
YOLO SQUAD ASSEMBLE!
Just topped up to bring avg down, or if it goes up a bit, to cover some of my losses from the fall. I still believe that the assets are too good to just give up, surely someone out there is interested in this dirt cheap mine.
I have a reasonable hope for this. Canadian mining was already having a bit of a renaisance before the war started, due to new techniques making deep mining more cost effetcive. Now with the war, my expectation is that Canada will become a geopolitically strategic producer for the West. Still higher cost than China/ Russia/ Chile etc with their huge open mines maybe, but safe and secure.
It is an option! I believe someone posted here a few weeks ago and mentioned investment from the US as they want to stick local with Mining companies and not rely on overseas mining companies. I will see if I can find the article and post.
You averaged down at a better time than me! at 6p Buy in this is a steal! Based on the credentials of the company! In my opinion this is massively overdone, and I can see it bouncing back to 20p very soon!
Ajones, I averaged down there today.
Is there a chance the Canadian government will help with a cash injection like they did in 2016?? Back then they got 2 million dollars which was interest free for 8 years with 1st payment not due till 2018. With mine now at least proving it can hit production targets ( albeit last few months) surely it's in a more investable state now than bk in 2016. Obviously a 2 million dollar loan not be anything close to what we currently need but just an example off what is possible!!
I am tempted to put some money back into Made as I can see them getting an offer of 10p! + I am just waiting to see where it ends up in the next few trading days before making any decisions.
AJones, agreed.
Cineworld Yes, I have left my initial investment in and took a profit at 6p. I have just given up on the CINE board as it became more of a bickering board than a productive information Board! Made I sold out of at a loss and invested more in here to bring down my average as personally I think that this is a better investment and will make more money than made would ever do! RMM have considerable assets and once finances are sorted, I can see this doing really well!
Hi Ajones, opened a position here today, good to see you here. Are you still in cine and made?
You have said the below 290 this year or next! I am not sure how you ever got to them figures! And you have never explained how a mine with a turnover of $60 Million (Based on 7000 Tons) and a potential turnover of $215 Million (Based on them hitting the 25,000 tons they are looking for) Would ever need $290 million of investment in the next year or so! It really does not make sense! They are never going to ask for £290 million! Unless something drastically changes, and they make the find of the century
"Dnt need all of that simple borrow big cost save upgrade everything then we are ok. From begin always said 290 million not changing that. Not in one go. But it happen this year and nxt"
"No I mean 290 million why best we need upgrade tpd to 2500 we need ore sortor we need dig deeper and exspend the place we need electricity upgrade we need cost saving equipment asap . We need bigger time we need everything cost savings measures yes I contacted the company again waiting new response"
"Keep saying to u lot 290 million we need but we not getting that right nw. 50 million start then slowly more after"
Clarity on financing is needed to remove uncertainty, as the risk of a discounted placing or a convertible loan remains until then.