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I can't see it staying at these levels long because 18m mcap is ludicrous, but I still wouldn't advise anyone to buy in because of the uncertainty. If we get a solid couple of updates in the next couple of weeks then this should be back in the 20's along as they can sort the funding situation out. Maybe this is the way they fund the ore sorter earlier than planned? Anyway, my 32p buy in seems lightyears away right now but I have no urgent need for the cash, so in my eyes they have about 2 years to sort thier stuff out. Along as we don't go bust in the next couple of months then everything will be fine
Looking at the price action in the first 15mns I think the market makers are struggling as much as the rest of us to know how to price this and so are probing to see. They marked this down 10% at opening but are gradually pulling it back up. Let us hope that trend continues.
For those who are desperately looking for positive elements this morning - commodities are looking strong.
potential has turned to s**t, not sure what the answers are, shame, I lost a load when it consolidated but glad i jumped when I did. The CEO is quality but got his work cut out, if anyone can turn it around he can, good luck all.
We making profit yes but we can’t do both repayment and continue in mine. Normal if they stop for few months not so bad. But then it could slow down lot of growth
I would have thought that given the economic climate all around the world that all copper/gold miners Operating cost are way up. Ultimately copper will have to rise.
It looks like we will have a bit of a wait now for clarity, up to a couple of weeks or so (unless something concrete happens earlier). Presumably the price will settle somewhere during that period. Probably by the end of today we’ll have a fair idea where. I’ve decided to stay out at least until we know what’s happening. For me the equation in the short term is we either get a small speculative gain or a big loss. Longer term prospects won’t be known until the company speaks up. I’ll keep an eye out for that and see you all then. Best of luck in the meantime. Lots of nice posters on here and I wish you all well
I also won’t be bumping Multy’s threads by replying to them, at least not on the original thread.
"I read that as we're likely to see a paring back of exploration and development."
I agree.
What you think tomorrow or this week moon 10% increase? Surely were worth a market cap of £20 mill only £18 mill now. Got to be overdone drop friday? What you saying?
I exspect bradmill going to attack very hard over weekend. And I belve we about to have very interesting week.
Totally agree dj but I exspect big thing to happen here.
We all appreciate Cornishknockers input, always have. Nobody can predict the future. We all invest off the back of information we gather from the company we invest into and the current climate. Tough times in the world. We all know that. Let’s see how it plays out up to the end of September.
I have no more idea of the issues than anyone else, all will become clear I suspect in the results due this month
Finally you are here my friend.lots of people invest here always listen to you and follow your advice as you have vast knowledge about mining .in this hard time we want your honest opinion about rmm future and current situation and possibly your opinion of way out . Don't leave us alone to fight with derampers who been ramping all the year round and run like a mouse .we will fight till the end and will get good return even it takes little longer than we expect as copper is going to boom soon ....can we see 4.30 by November/ December?
What is the worth of the companies assets ,assuming the worst,that is they have run out of money,many thanks
sgz and pur?
took a couple of years,before getting near full production
think pur's,still struggling
dj
go to atym,2014 to 2017
cash calls/restructuring,call them what you wish
it had loads of them,absolutely loads.
its commonplace,on a comp,starting up production....or re structuring,or both
getting cash burn positive,can take a year or two,they all go through it.
the ramp up,till full production,is argueably,the most testing period,of the cycle.
Dj77. Just go with ur discord buddy all selling nonsense
atym/copper
went into production,in jan 2016.
similar problems to here,bottlenects and a few cash calls.
but the copper price,was almost half,of what it is now
after a couple of years....it was back on track and doing ok
It's now at a fire sale market cap, there will be juniors a mid tiers seriously looking at this.
My biggest concern with rambler has always been the trucking distance, the ore sorting helps remedy that until an on site mill can be built
It's a tough market at the moment for sure.
Don’t worry guys DJ Ryan got this one badly wrong , but don’t worry for his next trick HZM - where he’ll help you half your money again. Give him a follow and you’ll be broke by Christmas
I appreciate that RMM previously had poor financial IT systems and now have better ones in place. I struggle, however, to believe that they would not have had a reasonable ball park grasp of their financials - you could do that with a sheet of paper as many on here are doing.
As such are we sure that there has been a sudden 'reveal' that their financials are awful that has led to this or could it be they have been clumsy with the RNS with the main message being: 1. need more funds for the ore sorter, 2. want to restructure the loan over a long term to give more financial headroom now copper price is lower, 3. oh and by the way here are a few other things we want to tidy up.
Best wishes,
Prof
Look how far they’ve got Ramblers…producing mine…current market cap £18m , resource is growing constantly, cash flow problem in current micro climate is the issue which they plan to sort.
Good investment opportunity I think for long term if they can ride the wave
I can't figure out what has desperately changed in ramblers cost structure, they are pretty well insulated from energy prices, which is the main inflationary pressure.
That statement makes little sense to me, unless they have an investor in the wings that wants in at a certain price, if that's the case it's pretty unforgivable from a PIs point of view.
I am convinced that we are going to see a very rapid reversal in the copper price as stocks dwindle and the energy war intensifies - securing copper is vital