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Toby Bradbury, CEO commented:
"Rambler is looking forward to the finalisation of the debt financing arrangement with NewGen, which will allow the Company to focus on the opportunities and upside identified in the ongoing mine development. By the end of the fourth quarter of this year, sustainable access to multiple mining headings will be created, significantly reducing mining risks and providing for improved operational and financial performance."
its due to evergrade as keep saying when stockmarket goes. tamering come in. rmm will feel it like most stocks. dyor
RMM’S putting the freshness back.
It's certainly a look away day. Even the one that's went up 15% early is dropping (albeit still blue)
Its blood red sea across majority of shares! I think People just freaking out and pulling the money out fearing further drop on FTSE!
CLN is contingency against debt financing not completing.
When Newgen is signed of I don't think they will need it. To get contractors in for the 6 mon the dev boost they need proof of income hence the Riverfort deal. IMO
That cover the cost what they doing now. 28 million they need on that credit card is speed things up. For next year.. Will they use credit card yes totally. If they don't rmm will be behide. May take longer to make profit. And growth. Well its how I see it.. Dyor
Hi Thomas
You said;
'Even if they don't get it (the loan) they not going bankrupt haha. They just do massive placing..'
Surely they'd just draw down some more Riverfort CLN loan (The Credit Card)?
Isn't that what it s for?
Even if they don't get it they not going bankrupt haha. They just do massive placing..
A big 10 days ahead for RMM, if they can wrap up the financing (hopefully before the last day) this will settle the nerves and hopefully the focus can shift to operational performance.