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" not hedging at the higher price a shambles "
This
As keep saying I exspect everything remember rmm got everything in place they need heavy amount of money which I believe they get. Why I believe why they get there friends in to raise the money asap.
That was nov 2021 but with new software we have help guide me very well. Still that question …. Not financial advice
Rambler’s worth £4.7bn in a few years then according to Moon…
Well it's a picture of a curve that goes to 16.5p and then up to £29.50.
I admire your self confidence though moon.
Your chart isn't highly sophisticated tbh and has very little details or methods used to determine the outcome. One could be forgiven for raising a case your chart was a little more fortuitous than fortune telling.
Anyway, we are where we are. Time to wait and see the terms.
Atb all.
Why am so happy. https://twitter.com/DrDoubloon/status/1571805921088602112?s=20&t=RGAeVAYTe-xxoA2gQLht2w Not financial advice
U see if u don’t believe me back in nov 2021 I done a chart on Twitter of rmm going to 8p. Then massive lift off in years to come. Why I am very very happy
I will play along with you.Is it because Riverfort deal means Newgen are more likely to reschedule?
Am very happy with situation question is why
Not to late i really can’t say to much in details but yes we need Orr sortor and move mine asap. Without that we are finshed or upgrade electronic that be cool. Money raised is question here
As said To my answer were tb that my question
So my point then it’s 100 percent sorted as said we be abt 5 p or even 4 p don’t matter approval it will get done anyways
Riverfront specifically (or similar) is possible moon.
A convertible loan to equity arrangement would be the worst sort of equity we could have tbh. While it may give us some flexibility on drawdown, the conversions and cashing in by the creditor would destroy the share for existing investors.
It's better to just rip the band aid off with any equity element. That said they may (most likely will at this price) need approvals to issue a required number of shares.
The drop in share price to this level has made this very very hard for ramblers equity options. Both in terms of headroom and the number of shares it would have to issue to generate meaningful cash.
I'm left with just some profit In here until we know more about the costs, real financial position and requirements and the mechanics of any financing.
Convertible equity is quite possible as it gives them earlier access, flexibility and is an arrangement they've got history with. It also (initially) gives them time to deal with the share allotment approvals from existing shareholders.
I hope they become more creative than this, or the debt opportunities are better than we think they may be.
I've a fair handle on their reports and possible costs so I've got some context and objectivity to base decision on when the deal terms come through.
Atb
so my understanding is riverfort then be next people to help them then. that would make sence.
Understand your reasons to feel this way. Very disappointing current state of affairs…..
Don’t agree with lights out, even after the announcement they’re still recruiting.
I agree with AIM, never again for me.
Rambler has taught me a valuable lesson which is to diversify. Pretty much put everything in here so can only hope they find a way to get through this.
My understanding is we did get the 30 million loan to go with everything else, high debt going to bankrupt thousands off small players in coming months esp with interest only going one way. By the way "moon" I have to hand it to you that you have called everything too a tee on this whole shambles, from predicting 8p when everyone else was saying a 1.00pd in a year and calling correctly an ore sorter is the game changer to massively reduce our running costs long term. High energy, fuel and wages are destroying all rd them ATM and bottom line copper would need to be at 4.50 in today's market to keep up pace. I think copper will come very good from 2024 onwards when all the current headwinds get sorted but it's going to be too late I'm afraid for this outfit. Absolutely no confidence in board here at all, if there was any good news or reassurance to be given it surely would have came to stop the 23 to 7p drop inside a week. 3 weeks before we were been basically told how great everything was going with drilling etc and then the bombshell , not hedging at the higher price a shambles as well esp when finances not in a good place as it keep us afloat in these bad times. Fair play to anybody with guts to average down with the lack off detail from the board are we going to be a going concern or not and imo it's a black or red gamble at this moment in time. Anyway that's my last post till we hear from the board good or bad and fingers crossed for all off us!!
We got a few million from Riverfort but that arrangement was cancelled when the NewGen loan came in. It can no longer be used.
Did we get 30 million from river ?
I think we will all know our fate early this week. Way whole thing has been handled stinks off high heaven and regardless what happens next I don't think it's possible to ever trust the board again. I've massively underwater here and I stupidly didn't cash out out at 19p on morning off big drop. My prediction is lights out , praying I'm wrong but I think that's the way we are heading. The simple fact is to turn it into a profitable mine is going to take millions which going to be very expensive to get in current climate or at all. Only been an investor for 3 years and naviely was up alot off money in bp and cashed out to invest in 4 AIM shares and biggest mistake I've ever made. Lesson learned going forward 90 percent off aim shares end in disaster where's it rinse repeat time after time. Anyway 1st post on here and I'd love it's not the last and come end off week I hope we,re still discussing a viable business as it has alot off people's hard earned cash at stake and a good outcome for the decent posters on this board be very welcome.
Rambler also agrees an unsecured, subordinated convertible note of up to USD30 million with investment firm Riverfort Global Opportunities.
typo
of course,it could break that duration trend.
pesky adverts,in the middle of the screen.
toptuf
ime not defending um,just pointing out,what the bod never point out
the duration of the ramp,till full or near production.....it always seems to be 3/6 months
in ten years,ive seen 3/6 months.lol.
take adt1 for example,29 mins in,everything going to plan,commissioning due in q2 of 2023
so production to commence,in q3
https://www.youtube.com/watch?v=zgbDLfKWxPw
that's when too sell,the ramp up to full production period begins and buy back,after that long period of cash burn negative
of course,it break the durt trend and be profitable,after 3/6 months.....but the odds,say not
Running out of money is one thing. Pretending that you are not is another entirely.
it doesnt matter what comp your in,the mineral your mining or who the bod is.
its a long tough job,getting from the after the developement stage,to near full production,the goal,where monthly casg burn negative,turns positive,at some point,for the given tonnages
vast/atym/sgz/pur/wlfe/wres/gcat/bmn and the list goes on,they all took 12/24 months,to get into full production and profitable.....wlfe and wres,never made it.
i never bash the bod,but admittedly.....they all give a best case scenario,of 3/6 months,before theyre coining it in,or at least,breakeven.
but ive never seen that,12 months if your lucky,24 months isnt unusual.
so in all cases sadly,they all ran out of funds
Now in my eyes.....
Is the next moves from the Rambler overseaers.
We can speculate on a BB for ever. But they have the facts, and its from them, like it or not that the forward progress (or otherwise) will come.
Am I happy. No, certainly not. Aspects of the contradictory technical progress v financials stick in my throat tbh. I have a paper loss currently of £267,000. But as it stands. I do realise that moaning about it on a BB. Or blaming others won't change that sadly. Only the actions of TB and his CFO will clarify the situation for current holders and new investors.
I said my piece on DJ as politely as I thought reasonable on Friday at 11.31am. it must of struck a chord with some as it got 22 likes and a couple of positive follow up posts that I saw at least. I don't hate him. I just think he is self absorbed and has little capacity to realise that sometimes saying nothing is the way, and that hammering away with no self control was a mistake.
Anyhow. That's irrelevant now.
We await news from a company, that I still believe has a great asset that will be in very high demand in years to come.
If many of us have hitched up to the wrong management team to turn this around not just technically, but critically fiscally too......
We will all be seen to be culpable for buying in I am afraid. But until thats conclusively proven. I try and remain sanguine to the prospects and look to a conclusion that can best help all parties.
So .....Hoping for some positive news before month end personally.
Cheers.