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Am still here in Newfoundland been busy tht why
Moose and monkey same person.
Moose nothing like moon's posts, they take abit of reading.
Strange.. moon disappeared and Mooooooose arrived
Thanks micru. It's amazes me how these merchants of doom and gloom think there little snippets of RNS will spook investors into selling. There's a few lucky investors who bought in on the recent dire RNS but the majority have bought in prior and know the investment case here. With copper price where it is and actually climbing with supply shortages Rambler are now well placed. Would have been nice not to have that 4-5 month blip in Copper prices but that's mining and the market for you.
Happy to continue to invest for the long term.
Oct 21:
"Consensus pricing at the start of July 2022 remained above US$4.00/lb through 2022 and into 2023. At these levels, it was anticipated that the working capital needs of the operations could be met from cash generation. The current lower copper prices (US$3.40-US$3.50/lb) mean that, while operations are generating a cash margin, the margin is not adequate to service the legacy debt of the Company.
"The BoD have already stated.........where copper price needs to be to cover debt"
Have they? Missed that. What price did they say?
situation changed with copper price being 20% higher. Cost at mine reduced in view of drop in staff and working more efficiently. There could well be more debt taken on or a placement but expect it would be to reduce costs further. The BoD have already stated their day to day costs and where copper price needs to be to cover debt repayment so no real concerns from my investment point of view. Think I'll be buying more on opening, not selling up!
They quite literally say in the notes of their H1 financial statements that they need to dilute...
"Following a review of the latest Group working capital forecasts, the Group needs to raise funds to materially reduce the current creditor position in the short term and for general working capital in the next 12 months through an issue of new equity and restructuring of debt."
No search found for djryan777 ??????
Monkey / DJ - Ha Ha Ha - delete your old account so that people cant see the****** you posted
$25M debt for you is high - $25M debt for Rambler with MM and LD etc is F all
That's not a lie, its a fact
Why would they need to dilute? AP is being paid of with Creditor Vol Arrangement - plonker
You must be so gutted that you've lost £100k and wont be able to get your shares back for anything like what you sold them!!
You also said CU was going to be $3 before it got to $4 - plonker
EVERYONE knows what you are - now go serve the old lady at the end of the bar (sorry you can only afford to be open Friday & Saturdays!)
What I don’t understand is monkey u continue to put it down but am here plus read rns 400 each month they still working around clock. U don’t understand is rmm in best situation. This time with right money rmm should be in ftse 100 to be honest but just need money
DJRyan aka Monkeyduffy...
Why did you delete your previous account?
Asking for a friend:-)
Must be quiet up in Scarborough methinks...
If RMM wasn't suspended I would buy more......this should jump when trading opens.......let's see what happens when it does.
Isn't is amazing how all of a sudden our persistent poster is bringing up all the companies previous history and how bad they are, but they were fully invested here up until recently when they wet their pants and bailed out.
If they are so bad with such previous track record history, then why would they of invested here in the first place.
Sour looser and just can not admit they made the wrong decision and desperately want to get back in.
Calculations and figures not their strong point, maybe not enough beads on their abacus.
Don't forget, buy high and sell low as per the advice from our team poster, absolutely hilarious, keep posting the garbage, never had so much laughter in a day.
Here we go ,animal is back with his rubbish...go to forest where you belongs to ..you are not suitable in civil society with your brainless head .
potentially libellous i think...
Monkey - pls back up your comment of "liar" as that is slanderous
The more the price of copper goes up, the most desperate and embarrassing they become, they should be on stage for comedy like this, hilarious to read, keep them coming.
Moose, it's the same poster using 2 accounts.
Wow who shook your tree today! There’s no point it scaremongering when the share price is suspended. We just to sit it out and wait for the RNS and make our own educated decision on our money. With Copper in such high demand they will sort out a plan. The dept isn’t that high for the resource, BT for example have £19b dept and a £12b market cap. Don’t see anyone running away from them!
Wasted de-ramping Monkey - share is suspended
More importantly, what I want to know is who is the one person who always recommends your posts. Own up please
Monkey - you are absolutely clueless
Cant say it any more clearly. The sums here aren't your personal finance where debt appears huge. Debt here is tiny and easily affordable
Why would dilution be required? No reason other than a small amount to say thanks to NewGen for restructuring
Posting nonsense here isnt going to help you bro - everyone can see you have no idea and you wont get shares back on the cheap
DYOR
Everyone's fully grasped the one-dimensionality of your entire being, there is no need for you to post anymore.
Go enjoy life.
Ah here he is. Was wondering why we haven’t from you last few days. I get why you want people to sell (so you can buy back in) but
A, people can’t sell even if they wanted to and
B, If you’re 80% down what would be the point of selling now that copper is up 25% from suspension levels.