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I'm sorry but getting into this Discord set up is more challenging as trying to work out the situation at Rambler - not prepared or able to understand the process, having to set up an account, provide DOB, email addy and password, then trying to find the RMM group, send another email address and then confirmation of holding, then receive an invite etc etc, sheer lunacy if the group is really serious in attracting new shareholders.
A more simple procedure is required.
The RIG need to be more accessible if they want growing membership, no doubt there are many smaller shareholders who may consider their holdings insignificant but if they all combine it could easily add a few percentage points to the RIG holding.
I have seen links to this 'Discord Group' others have suggested they do not work and the process seems onerous to the less savvy, I personally have tried and am getting no-where, I have no understanding of Discord and as such have no real interest in joining - I have been involved in a couple of shareholder actions involving AIM companies (albeit in a minor capacity) in every case a email account was set up and holders could email their positions and regular email updates were forthcoming.
Clearly joining Discord is not plain sailing, as such a second line of membership is required in my considered opinion.
https://discord.gg/f6VctvSJ
Try this one grg, I havnt done it before but it should work. This is the general RMM group chat. From there, once you take a screen shot of your holding to prove you are invested, ask for the email who to send it to and then you will be invited to the RIG group
https://audioboom.com/posts/8257337-john-meyer-china-growing-plus-anglo-asian-empire-metals-oriole-rambler
Here you go pal
Yes agree. We do have some hope thanks to the the amazing work going on behind the scenes by some incredibly skilled and knowledgeable RIG members.
The asset may be a multi dollar copper mine but can it be mined profitably?
The issue isn’t the mine, it’s clearly the people managing it.
Amazing to the think where we would be today with a competent BoD.
Anyway the good news for all is us is that there is still hope. As R2-D2 has mentioned, any other holders out there join us on discord and you will see what’s happening.
Have a great weekend all :)
I did ask for a link early yesterday but nobody posted a link :(
Hey monkey, you sound uncannily like multibagger who sold out after ramping the living daylights out of this, and now wants everybody else to suffer. Seriously tho, why bother commenting if you are not even invested here? Your hardly trying to save people money as the share is suspended. You are knowledgeable, more than me I admit, but it doesn't take a genius to see you sold out and are worried you will regret it as you know there is some hope of a return here, atleast more than where you sold out at. There are a lot of people working together on the RIG group working for our best interest, or atleast hold them accountable. I would just like to tell everyone there is hope and not all is lost yet. If anyone is still invested and not yet joined the discord group, then please ask for a link as there is a lot more conversation and a lot more information about what we are doing. We have a better chance of getting something back if we stick together! You say RMM is basically worthless, but as amerreto said on the ADVFN board, we have the 8th largest copper deposit in the world, the value of that far exceeds the debt we are in.
@Monkey.
You enjoy revealing in others misfortune in real life too then I can only assume?
What a pleasant individual you come across as....
No idea if Moose is in any way related to you. But he seems more than bright enough to answer a few simple questions to clarify why he is posting here on his own.
I know you stated you get bored at weekends so continue to Troll bb's. So fill your boots mate. Some of us have a life and won't be reading your vitriol.
As I think this is the case I also think the board have made a major balls up.
Yes we now have more chance of losing assets.
If the board had kept up payments for a few months and then said unexpected costs were the reason why they defaulted then chances are they would be given time to get back up to date with repayments.
This could have gone on for over a year but the board got too greedy and impatient.
The only plus I see from their impatience and the way they have done it is that it gives us a stronger case to sue for fraud.
I have know people that would take out personal loans, take out credit cards and buy stuff on the never never with no intention of paying back what is owed.
The No1 rule is you always always make the first few repayments.
Then when you default if worst came to worst you just get taken to county court.
If you broke rule No1 then the chances were you would or could be charged with fraud as it would show you had no intention of paying back what was owed when you took out the load.
Instead it would or could be magistrates court or worse.
Unless you had a very good reason that you could prove and also prove you did not know on signing of the loan then you would get zero sympathy from any court.
Yes this is a secured loan but as they never even made the first payment they cannot expect any sympathy.
To me it looks 100% this was the plan to default and there can only be one reason for that with the loan secured.
So newgen were the ones trying it on all along!! Jesus every one was blaming bm and tb!! When tb sorts this loan out and they re list it has to be at 20p+?
When a bridge loan is taken out the borrower is videoed signing and attesting to their understanding of the
sequences of not fulfilling the terms of the loan. This includes confirmation that independent legal advise was take to understand what a secured loan is and the contract attached.
During the payment free period the lender would be in regular contact to ensure everything was going to plan.
Quite evident ly there was zero chance of getting anywhere near government all these creditors and how did they manage to remortage the mine when it was already secured with another loan? That is very suspicious.
Defaulted on two loans without a single payment being paid, defaulted on he royalty payment and its everybody else who is the problem.?
Arrogant Prick.
RMM signed contracts (with dire conditions attached) and failed to fulfil them and the CEO told shareholders, just before, that everything was going great.
**** Right Off.
It’s old fashioned greed then. Opportunistic grabbers.
Rambler never should have gotten into bed with these foul creatures.
It might be why they turned down moons offer, once bitten twice shy :)
They could see themselves as being shrewd. Someone else (rhymes really well with Bradbury and his last CFO) f'd up, and they have some probability of getting way more than what they originally agreed to - they go ahead and decide to capitalise on it.
Thanks micru. I understand that Newgen are the facilitator, I got my wires crossed maybe.
It’s the fact that he refers to them as “ scumbags causing trouble”, so them = lenders then.
To me, the scumbags causing trouble comment indicates they are doing something deliberate, not just it being technically difficult to rearrange.
>So Newgen are responsible for this situation we are in?
As I understand it, NewGen themselves are a facilitator in this, i.e. they don't have a current account with X money that is wholly theirs that they chose to give Rambler. They manage other people's money. As part of the Rambler transaction, a number of lenders/debt-holders pooled in and agreed on set terms to lend Rambler money. And perhaps the reason it's taken so long to sort is because in seeking to rearrange the terms, they have to agree it with all the debt-holders, and per JM's sentiment, this appears to have been difficult (mentions one who even passed away).
With John Meyer calling Newgen scumbags, does anyone know exactly what Newgen have been up to?
So Newgen are responsible for this situation we are in?
Surely Rambler must have options to combat any hostile actions from someone who was supposed to be a responsible lender. Some kind of legal options maybe.
I read somewhere that Brad Mills has high level contacts within Canada, so hopefully he and the board are fighting Newgen and can knock their block off.
What about this RIG I keep hearing about? Maybe they should set their sights on Newgen.
Moonie. You said you offered to pay the running of the mine for a year but they didn't except. Then you said you have evidence of some sort. If you had evidence of something then why would you make an offer. What is the evidence about?
>>John Meyer to publicly label lenders as ‘scumbags causing trouble’.
He didn't need to borrow money to keep operating.
Wait, he did.
Redkite, A valid point.
..rather than repayment)
Reminds you to look at counter party risk, and if they're not the typical large lenders (TD's CIBC's), they may well have hidden agendas (i.e that their exit strategy is foreclose and control rather than control)..., certainly the case with some commercial property "lenders" that I know of..
moon is meyers alter ego perhaps
Interesting listen: quite unusual for John Meyer to publicly label lenders as ‘scumbags causing trouble’.