We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Im Martyn Lewis - RIG is in discussions with various parties
Join the dis cord group for more info
GLA
Nice find Redkite. I wonder if that Martin Lewis is on this BB who it putting together a consortium to put a bid in?
A lot of businesses rely on Ramber to keep going so maybe there is some hope of a turnaround.
Not completely dead yet then!
Moon whatever you write ,write it clearly so people can understand .
Nxt step sme one gonna be arr now fun begins.
CBC Radio report on Rambler
https://www.cbc.ca/listen/live-radio/1-210-cbc-newfoundland-morning/clip/15971793-not-meeting-gold-standard...we-find-rambler-metals-mining
I have a lot of reasons to hope I am wrong here.
But surely now, & with this fast moving along to talk of auctions etc.
If you have ever attended a house "do it upper" one. You will know that if there is a reserve (if?). It will go for that unless there is competition.
I assume the reserve is the sum of the monies owed. So unless there are more than one suitor. Why would anyone pay more sensibly. Regardless of the fact the resource potential may warrant it we may feel....
Sorry, been too busy to follow the events fully. So maybe there is some clauses that can/will prevent the cheapest sell off. Happy to be corrected 100%.... But if not, then surely a distressed sale is just that, so seriously, talk of someone paying anything close to our perceived value is not realistic - unless, as said, there is more than one of them in for it?
Not unexpected, he's f***ed everyone over including BM and the employees.
ired
What does that mean moon?
Tb be f
Any bidders will essentially be placing a bet that some time in the future (in a time horizon the buyer is comfortable with) the price of copper and the cost of operations will be such that it makes the investment/purchase or part/all of the assets worthwhile.
Not all buyers will be going in expecting to make bank from day 1, today. They are not day traders.
In reality it only has value to Rambler since the deposit size and grades are likely not enough to justify the construction of a new mill. That means the ore has to be trucked to Nugget Pond for processing. I don't think any potential buyer would pay much for the deposit unless they were getting the whole package (Ming, Nugget Pond, Little Deer) and since Little Deer is further away and smaller than Ming I don't see it getting assigned much value at the end of the day... Certainly couldn't be sold for enough to really help Rambler get out of the current situation.
Any thoughts on what it could be worth on its own?
Thanks, Somerset.
Note that the assumed selling price of copper is $8,900/ton
Got it! the cash flow…hopefully plenty of interest from perspective buyers by April,if only we could find out from Rmm staff on the ground!
At what sale-price of copper is the forecasted revenue based on?
What does appendix F say Peabody? I looked at the list of creditors secured and unsecured,not holding much hope of us getting anything:(
Monitoring Report 13th March
Yikes!!!
7. Auction
Auction Commencement Date (if needed)
By no later than July 28, 2023
whats this all about then?
TB *or not* to be...
Tb abt to be …
If this is so, somebody would have already pounced. Not to mention the secured creditors extending their loans into the future.
"Urban Dictionary: ming
ming 1. (noun) An unpleasant smell, usually of human origin 2. (verb) 1 to smell unpleasant 3. (verb) 2 to be extremely ugly minger mingpot minging 1. What is that nasty ming? 2. Something mings in here. 3. I can't bear to look at you - you are utterly minging. by Hugo Baron February 3, 2005 Get the ming mug."
Sorry if someone posted it before but the 'Urban Dictionary' definition seems so appropriate. They will be able to add the "mine" as a further example.
To think that I - and many others - was so enthusiastic about this bunch of
...tards.
GLA