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Well the rns was amazing look at what they saying same thing going to Happen. How westface one debt to another debt payed off. Just look and understand. Not that hard
Stick to mining crypto bro, you do well doing that. I suggest if you cant read or write it will cost you to much money in the end. No beef though you make the bb interesting if anything. To be fair i think your a good person and mean well.
Moon bro the rns says there are several groups they
are in touch with, including newgen , woth whom there trying to resolve the financial issue they find themselves in. That doesn't mean theres 7 differnt groups bidding for rmm.
The copper market’s available inventory is normally marked in weeks. Currently, only 4.9 days of material is available, falling to 2.7 days by the end of the year according to Trafigura who know a thing or two about these things.
https://twitter.com/GianniKov/status/1583745392684171264?s=20&t=3uB0kgNlkqrvc-gtmS_v_g
Keep saying they need 270 million get everything updated once it done completed
Well of course I can't put a price on it. But its certainly not 30 or 40p
Last rns we had best this one can’t get anymore better. Clues are in rns read it clearly what it’s saying
Know 0 buddy time u come away from ur hide out let’s do bussiness as u say
Toby not Tim
Moon - why do you say 7 ??
The RNS says several not seven??
What’s going to happen?
7 party interested face fact guys it’s all gonna happen
But how much is it going to cost to mine this one billion?
Dalesman 100 ,What's your price prediction per share in case of sale ?
We'll see.
It's surely time to sell Rambler now.
I have seen chat of 30 / 40p.
My opinion is that with proven copper of a billion pounds ' that should generate quite a buy out price.
Bugger pennies. £s
Surely it is in newgen's interest to help Rambler ???
They have pulled out of the November 24th Event
They must be confident they will get the financials sorted due to the fact they are presenting at Proactive in London on November 24th.
I spoke with one of the Proactive team in late September the person suggested they were struggling to fill events, on that basis it would suggest Rambler were approached recently, I deem it positive that they are happy to attend therefore.
I feel the update today was positive, to me it seemed like a come and get us request for a well-capitalised third party to deliver value, one cannot rule out a takeover approach therefore.
Buy an ore sorted and transport 70% of ore produced to Duck pond mill then concentrate on to Cove
Buy/move mill to Ming and transport concentrate only to Cove ,less than 2% of ore is transported.
We really need both but if can buy only one i prefer mill.
Correct me if I'm wrong. But if Newgen decide to extend further credit, they can do so on whatever terms they choose to offer. Isn't that so?
An ore sorter would be an interim measure. I'm no expert but have seen claims of 15 to 20% processing cost reduction through improving concentration at the mill. For Rambler, the mill itself isn't too far away from being the production capacity constraint so a sorter is a way to alleviate that.
Another very short term measure is to target the higher grades. Maybe that's TB's plan to hit 2,000 tonnes in Q4.
Assuming Newgen do a deal of some sort ,Rambler must also raise sufficient additional money to move the mill to the Ming mine site in the very near future or else the cycle will repeat.They need to cut costs to be economic.It is no good having a wonderful asset and a super duper newly modernised mine and then shipping the ore to Duck pond mill.That costs too way much unless the copper prices take off straight away.Reduce costs or there will only be one outcome.
So production in Q1 = 1066 Tonnes, Q2 1569, Q3 1654 and TB is saying 2,000 Tonnes for Q4, the final quarter at a rate equivalent to 8,000 Tonnes / year! I hope he is right.
I think a finance extension is coming and hopefully a buyer at some point to make the further investments for much higher production and lower unit costs.