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Genuine question to the derempers here, do you think it was the right decision to sell out at say 12p? knowing you might not be able to buy back your shares. Obviously time will tell, and I agree it could go either way so I'm not saying you was in the wrong to do so, but it could just as easy sell for a return of 40p s/p.
Personally based on the fact the drop to pre suspension price was due to the risk to the balance sheet and material uncertainty, and that they have now initiated the SISP insolvency process I'd personally imagine an unsuspended trading price at present of between 3-4.5p tbh.
Regarding the valuation of the mine any stalking horse bid will take into consideration the debt, the capex spend to make it economic to mine profitably etc and the current state of the company. The trouble here is while their is still a reorganisation and restructuring of debt option, this won't resolve the c1/c3 cost which is the underlying elephant in the room. It's highly likely this is why the secured lenders haven't renegotiated already. This has had a subsequent impact and exacerbated the issue by creating a shortfall on account with suppliers now being owed in excess of $14 million and raising court claims for repayment.
It's simply a case of wait and see but clearly ATM the cards are stacked against a return of shareholder value. I think the money back at our suspension price is itself optimistic, but a buyout at a premium to current shareholders is highly highly unlikely IMO.
Have to wait see. No one knows
Atb
The problem is that any company coming in is going to have to invest a significant amount of capital to make the mine profitable to a level that it will return anything on the original investment… The ore sorter is a bit of a pipe dream that seems to be a marketing tool for Rambler. On paper it looks great, but when you start getting into the details things sort of fall apart. Like what’s the impact to total copper recovery? Where is the rejected waste going to go? It also only impacts a very small part of the overall cost structure but it gets touted as this magic bullet that will make Rambler a profitable company.
At the end of the day Rambler needs to be able to move way more tonnes of rock than they do now. That means a bigger mill and updated material handling underground (shaft, additional ramps, etc.) which is going to come with a massive price tag to do properly. Any potential bidder is going to do their due diligence and factor this into the price which at the end of the day will likely just be enough to cover the debts at best.
What if the are just going to try and keep it in house under a new name? Lowball offer and reject all other interest. It only takes 2-3 bidders fighting it out to see what this mine is actually worth.
I instead of u
Red kite. If we can't mine it profitably doesn't mean others can't and underground copper is valueless. If someone fix an ore sorter and have proper money and good ceo this will be a cash generating machine .
As u said before If I don't have money to buy fuel for my porsche then someone has the money can buy from me ,fill tank and drive .May be I have to sell less than original value but don't mean my car is valueless without fuel.
We just need few buyers for bidding.under monitor supervision that will happen because our so called expert BOD and our liar CEO will have very little influence on GT(monitor) .
I have seen a lot do it over time and it was in the 100s of millions!
AJones, Exactly - how much would it now cost to explore for commodities, then build a mine to the level of Rambler’s?
Wow! What a question! Nearly impossible to predict based on the RNS and how the market would react!
Honestly I really do not know. I would like to think it would be more than the current Market cap of £9m based on asset value and future asset value. It all depends on where Copper prices go and how many people put in bids. I personally think that 30p would be a steal for this mine but based on the current situation I do not think it will be 30p - Personally I think it will be more like 10p -15p but I really do hope I am wrong and we get the bids more towards 30p! As even at 30p this is very cheap considering the money some companies spend just trying to find a decent mine!
... It's just a theoretical question, but I'm interested to know what you think..
If the shares were not suspended,today, what do you think the SP would be?
What is your prediction in case of sale A.jones ? I think 30p because it is a stress sale .otherwise if there is a bidding war we should get very good value .the problem is we have a worthless BOD and a liar CEO who told us lie ,but the asset value and fundamental of mine is same as before .
It is currently valued of having a market cap of £9 million with assets after debt of £76 Million - I am not sure how they will get away with just paying off debt and giving nothing to Shareholders!
Also again according to their website - "23.755 million tonnes of Measured and Indicated Resources grading 1.80% copper and 0.35 grammes per tonne gold, containing 945 million pounds of copper and 271 thousand ounces of gold, at a 1% copper cut-off ? The Inferred Mineral Resource estimate includes 6.430 million tonnes grading 1.86% copper and 0.38 grammes per tonne gold, containing 264 million pounds of copper and 78 thousand ounces of gold, at a 1% copper cut-off"
I am not sure what kind of value the above equates to in terms of value but I am sure its well over £1 Billion - I am not sure how they would get away with selling this based on current assets and potential revenue of over £1 Billion for £35 Million just to pay off debts and the Shareholders get nothing?
0 for shareholders will get restructured and sadly we will be wiped out
....faag-packet
....30p is 25p in the ***-packet world
90 million for rmm entity .40 million for debt and other expenses.
90-40=50million
50÷162=30p.
30p/share
From Sp Angels website ……………….We actively engage with our clients to assist them with the implementation of their business strategies.
Basically that means we will endorse there bull**** with more bull**** of our own to draw in as many mug punters to buy into this sham as possible as we are being paid to bull****, and yes we will use every medium at our disposal, podcasts, made up presentations and bull**** predictions and the cherry on the top is that we are also invested in this bull****
Even mining 7000 tons a year at 9k a ton the mine is only just breaking even, and that’s not paying any of its debts down, I think it will so difficult to get anyone to take the mine on with the debt. I’m presuming they have tried selling the mine before it was insolvent and had no takers.
Micru, unfortunately, I don't think TB has ever thought of shareholders as stakeholders. If anyone hears of anyone putting together some legal action against the directors for the false statement of July last year, please could they say - I would like to join in.
With 9100/ton and we can produce 550+ton per month cost should be much more less than 60 million a year .
I do not see how RMM could get a P/E ratio of 10. 4 at best.
What TB says is no different than every other mining company CEO says about their own companies… Welcome to the world of mining investing. They’re salesmen telling a story without being specific enough to have any real liability for what they say. Plus they can always hide behind the boiler plant forward looking/safe harbour statements that tell you nothing is certain.