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I do find it very strange on the talk of RMM going bankrupt with the level of assets they have. It is a very frustrating time but we don't know what is going on behind the scenes. I am hoping they are asking for more funding to get the ore sorter up and running and just to strengthen the balance sheet but time will tell. Its extremely hard to think positive right now but maybe that is the bad news out of the way before they release the 3rd Q production update. I do feel let down by them but the mcap still seems rediculous for everything they have to offer if they can just sort thier finances out.
Moon, go further down on last page and read the Canadian Critical mineral funding
We qualify for the ore sorter finder via that scheme as Rambler state
It’s all in the Innovation news network report on the companies website
Money will be got and improvements will be seen
So electronic petrol inflation cu price vs debt well in this case rmm is screwed. But question now is how much will rmm borrow and sort out debts . Because these cost gonna stay quite some time. Electronic killing them so is everything else. I put 2 ideas borrow big if not then we’ll partnership can’t afford everything at one given time. Tb strategy was actually best one. Tb in news papers interview. You can’t control everything with new software they will target areas.
Our debt repayment is 1 million per month.with 650+ production and 8000 per ton we got 5 million a month from copper .why can't we pay our debt repayment each month ? For a company we have total 20 million debt and now we r producing 60 million revenue for a running year ...if copper is up in near future we will get more ...newgen will rearrange more loan for a longer term which will be favourable for both rmm and them....
Why BOD not considering do something with little deer instead of suffering cash shortage ..sell little dear and do a proper job in Ming mine , dig more copper .next year will be ours.....copper boom is coming guys .
Rambler is fortunate to be supplied with electrical power largely generated by hydro schemes, which are an inherently renewable energy source. As we consider options to expand and grow the business, Rambler
has the opportunity to source power from a high- voltage commercial line that transects the Ming Mine mining lease. With a supply of low-cost hydroelectricity, Rambler can consider options to replace diesel- powered equipment with electric/battery, recommission the 500m vertical shaft for hoisting to eliminate ore trucking to surface, and consider processing facilities near the mine site that could both expand production and eliminate the current 44km road haul to the Nugget Pond milling facility. All of these projects would reduce carbon emissions, while at the same time reducing operating cost.
I Surrender! ;-)
Having known you off various mutually shared investment BB's for 4 years. I have always respected your analysis, as you well know.
You clearly have a personality type though that needs to externalise all the good reasons to invest in a share that you have bought (self justification confirmation?).
That info is of high grade and you share it freely. Equally then, When you perform one of your multiple exits. You seem to also "need" to self justify it to all and sundry. I get it....
OK. I understand. But you also like to keep repeating it round, and round not in a simple concise statement...that's where your semi autism (strikes me?) Kicks in.
An inability to take account of others feelings of pain at the moment means you can't see that having stated your need and reasons to go. To continue hammering out free form essays is classless frankly!
Anyhow as said I surrender. Do as you feel. But maybe think a little if you can on the impact?
Cheers.
Moon ...you said rmm is now better position than past and done right thing ....so we will be in higher sp in few months when we sort out everything and copper will go up
Good lesson to learn don’t listen understand economic. Inflation petrol price messed it up and cu price aswell. All told me go to my chicken well they are safe. Chart telling me my nxt move so I be ready
Don’t forget the group on discord I believe report my post so they can all convince u that we doing well how many ppl lost money on Friday I kept going on and on placing coming.
Many of u hate me here got death message at one point but just for u all to see when am top 1 percent I will continue to laugh.. we’re chicken now idiot investor that told everyone placing coming.
Thank u dj77 sold with group on discord who own top 1 percent tell u story’s that they not going to sell convince u then whn rns come in boom 50 percent down because of them then they scare people everyone panics .
If you sold out ,we don't need your advice...just p..off .........
Once they manage some more fund from newgen and restructure the debt over longer period sp will back to 20p level again ....just need some money to dig more copper to sell. All board of directors can give 2 million each and take higher interest from it ..problem solved ....Brad mill can alone give us 15 to 20 millions if he wish ...they need to get investors trust back .sitting on top of billion dollars copper rmm has one way to go ..just need china to stop their bloody lockdown and russia ri stop war ( looks like a peace deal on its way )
For balance I repost this, I have been investing (successfully) in the mining space for around 30 years, are RMM a basket case, not at all, remember it costs to be stupid, the more stupid you are the more it costs !
It strikes me the relatively new CFO has placed a firm hand on the tiller and as such RMM, once they sort short term finance, will be in a far better place, new financial systems are now operative which gives management a weekly handle on events.
I very much doubt they will want to raise via equity at current levels to protect the shareholder base, Bradbury himself has around 1m shares bought around 25p, equates to £250,000.
One suspects previous RMM backers may be prepared to adjust their loans and could even be prepared to provide new finance, a recent example was Blackrock who, even as W Resources declared their operational performance was woeful and losing swathes of cash, offered a further $5.5m taking W debt to an amazing $80m.
You see existing financiers often prefer to support than withdraw, in the case of RMM their operational performance has significantly improved, this is a very important positive.
I think the share price fall is overdone therefore, will be a buyer on Monday around current levels, more-so as the copper price fall can only be a blip as demand continues to outstrip supply and forecasts this will further deteriorate.
DYOR
If copper moves to 9500/ton area by December then we will be more than OK even if we diluted by 100%..
The group that hide top one percent then dumps no thx u buddy.
Moon isn't it cheaper to build a new mine at Ming, rather than close one down and move it. Keep the other running with high grade ore?
For anyone who is interested in joining.... tjiz link works for 10 people https://discord.gg/je4mZTKk
Moon “This is point that rmm be best situation ever after they do what need to be done”. It really is important to distinguish between the company and its current shareholders. Example. New equity of $50m at 1p per share. Newgen paid off, ore sorter purchased, plenty of working capital to ride out copper price. Boom - the company is heading for the stars. But, the pre-raise shareholders are all but wiped out.
Not intended to be a realistic example and I’m not saying anything like this will happen. It’s just to illustrate my point about the need to think clearly about the different stakeholders. GLA all.
Acutally jones while rest of people on this board was blind to see we need placing I kept saying over and over everyone delete my post because I saw it coming. Begin has just started. This is point that rmm be best situation ever after they do what need to be done
I believe that RNS was put out to do one thing, bring the share price down so the people who are going to invest can get in at 10p and not 20. Why else would they do it ? Simples.
IMO....
The crazy...... It will be this, or that SP next year or on this date.....
Is of course plain silly. Almost as much as asking Moon the day of the week....
This is (hate to agree with MB). A crossroads, granted.
CFO to sort the finance needed, but not over a weekend.....Doah!
But that's thier job now mid term, and by exposing this, it's a good start I feel.
Key is, does TB now have stomach for the fight.
Or has he caved in..... And we will be bought or taken over by a debt Co.
Nowt else matters.
We all will be happy by same date next year with high copper price with much more production per month.they just need some money to reach there....40p my bet by same time next year...
@Free.
I think you generally post a lot of good sense on these metal shares.
So on your points:
a) agree, TB a good miner, but needed to act faster elsewhere...
b) A few of us at the time said similar, and far more important, the market here, as in others ( look at GGP, endless great drill results, but 8p off from 38...) Will always have it's say.... It's the cost you can dig it & sell it that counts .... Always.
c) 100%, so many types that will pump it daily. Be Uber convincing.... But .......
d). Comms matter, but hard finance facts win in the end. Agree.
So where now?
I don't think TB has "led" to mislead personally....
But he needs to show now, not just his high mining skills. But also an appreciation, that his lack of diligance in other key areas has caused this situation, and its hitting us all hard....
I am interested how they react now. BB's are educational, from level headed posters.
But the company needs to step up the in the short term, it's true.