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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
Hi John, I am under water with this share as well.
I read up RNSs from 2019 time and I agree with you that under Norman Williams (around 5 years as CEO) and then Andre Booyzen (around 14 months as CEO), this mine has never returned a profit hence why the constant raise. Since consolidation we have lost massive %.
Between the last 2 CEOs and TB (current CEO), TB has bought the maximum. In fact, Andrew didn't buy a single share and Norman bought a paltry amount.
Throughout the tenure of the past 2 and the current CEO, Brad Mills as the Chairman has been the constant and of course he is the founder and managing director of Plinian Capital and its CE Mining family of funds.
TB has been in charge since 1st June 2020. In regards to CFOs under his tenure, on 8th Jan 2021, Eason was appointed and then Celeste van Tonder appointed as on-Board Interim CFO on 24th March 2022 and has relocated which shows commitment.
Could next year this mine will finally start producing profits (after restructuring the debt/placing expected in the next couple of weeks)? Or will we see more of the past as you have seen John? It does make you wonder.....
Let's see what the future holds.....
Bedhead
No, I lost money once here after investing (aren't investments supposed to give a return in order to be called investments?) over 10 years ago in the Ogilvie days, then followed the 'Norman' days, got out, then foolishly believed the new broom who was a previously successful turnround specialist would finally be successful here too and got back in. I just can't bring myself to take another loss here and thus admit to how stupid I have been! That is the only reason I am still here. I have zero belief in Rambler, if you and other believe the story then good luck to you. I honestly hand on heart mean that.
You should go on stage, I admire your sense of humour. Jam tomorrow. Like it was in 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021.
And no doubt in 2023, 2024, 2025, 2026 or until it folds and debtors take over the company. I am not a deramper. I am not a wind up merchant. I am a realist.
Costs big money to get everything set up but once profits are shown to be continuous ….sustainable, paying any debt , All expenditures etc…. Once Ming gets to that state, guaranteed the SP will fly…. We may be around the corner from being fully funded and to be honest if we can then use profits to re invest in to other assets…. Great
Exactly my thought ...we will come back so good noone can imagine in few months ..don't sell if possible buy some more and make your fortune ..loan announcement on it'd way ..they must arrange something before they issue rns like this and had a motive .May be to get some cheap shares for family and friends .think about contractors who just took shares @29p ...something must be going under the table
Moon was always said 8p I coming all we thought he talk nonsence ,but he was right .now he is saying they will get big loan ,fix ore sorter and fix everything and rmm is in good position ever ...he will be right in few days when they issue a finance with detailed plan of future production and financial plan
Sell off little deer?
Need to know whether sufficient finance can be procured,and if so on what terms,to plug the black hole in the balance sheet.
If the terms of the financing are poor and favour creditors and new investors then existing shareholders could effectively get wiped out by large dilution
That slide of '2021 will be a different story' that they later changed to 2022. Looks like it's time to dust off the old PowerPoint.
If the resource is so good is not vunerable now???
BOD need to grow a pair and tell us exactly how bad the situation is!
Impossible to say as we have zero information from the company, truly shocking from management
I can't see any way back from this
What an absolute s hit show this is, years worth of savings gone!
Yes I’m that my point kinda like saying get ur friend I cheap double down ur profit. I believe newgen ce11 that my point be ready go all in. Not financial advice.
It would have been exceptionally unwise to release that RNA without a deal on the table, the strike price must have been on the floor in order for the BOD release such an ambiguous statement. Whoever is supplying the finance would have shorted the SP, ready to cover their position with cheap new shares?
If I was bull for month I say placing we need money keep laughing buddy. Believe what u want. But my only problem we got no news on money we need yet. That going to drop us like fly. Whatever way they do it. I not selling I will double down I tell u every trade I do whn software direct me
And we not even done placing that my point so acutally Likly we hit below 8p much lower. There patten software I use check unusual movements something not right. That my point
8p target yes but something not adding up I will double down but on chart if was 8p did not look good.
Billions wiped off the stockmarkets yesterday, follow on affect, sit tight, be patient, you only loose if you sell.
Moon FFS, you spent f*cking WEEKS say that your mystical chart had told you it would go to 8p but that this would be the best thing that ever happened, there would be a huge bounce, you would sell all your other holdings to double down here at 8p, blah blah blah. Now you’re saying 8p spells doom. What a total bullsh*tter
I don’t no if at mill but chart reading not normal
Something wrong if it hit 8p target then we’ll chart said it go dwn really bad
They take it down with every trade no matter buy or sell. I must say FCA really needs to look into all of this.
No big sells posted, mightn’t it just be MMs anticipating a down day because US markets battered last night?
Possibly forward selling if the company is trying to get a placing away?