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No News... 6 months up Jan 1st and compulsory delisting from AIM. Nothing left to offer then... dead and buried imo.
Anyone heard anything?
Looks like a recapitalization is on the cards within about two weeks if agreement is ok. Relisting shortly after that, but probably at a discount to previous SP
Does anyone have any idea what other assets Rame may have left to sell after the Chile deal ?? Clearly not much as if it did the Administrator wouldn't be considering leaving the field. All views are welcome !!
..agreement to dispose of the Company's interest in Seawind Holding SpA and its operating subsidiaries in Chile (the "Chilean Assets") for cash consideration of US$1.2 million (the "Disposal") to TUDA sprl and Safe Harbour Capital PTE. LTD ("Safe Harbour").
Should be to say how asset sales are going. If Administrator gets good price Rame survives, if not its the Bankruptcy Court.
Anticipating an RNS released by the Administrator on Monday. I don't know whether its good or bad news... "T"
I stand corrected then but Mandalay seems to be the interested party now with a cash box of C$32mln
Rame and Mandalay aren't in a JV; Mandalay were the off-takers of the power. The agreement was between Rame and a German private invest group.
Next week should get interesting with the Administrator talking to Mandalay. Hope its settled quickly so we can move on. With luck Mandalay will offer what they were committed to already as a minimum in the JV. I suspect there will be eventually a relisting at about 5.25p plus perhaps a rights issue.
Well all going smoothly for former JV partner Mandalay (typical Canadian Pakistani outfit) exclusive for Chilean deal at a lot less than your previous commitment and 100% of it this time. Have to hope they pitch the bid too low and the Receiver tells them to take a hike. Guess Rame may get $1 mln back with luck. Anything more the Receiver deserves a medal.
We may go under. We may survive. That's my interpretation.
Pires needs Rame bits like a hole in the head. If Pires carries on with wind farms better it picks up Rame's senior technical people and injects them into a new SPV together with other first class track record people in that business already.
Would Pires have the capability to take on Rame ? They already hold 3.2% ? "T"
Its not Receivership yet so there should be some assets presumably. Suspect this is all a hard-ball game starting to play out with Mandalay Resources which probably stands to get its hands on the entire Chile project on the cheap instead of putting its cash into it. Never trust Canadian mining companies, almost all sharks !!
It's a word I feel is very appropriate. For the record I don't dwell on others misfortune, I stand in amazement at their stupidity. There's a difference. PS: you argued black was white because you had an agenda. Well it's done now so why don't you now pretend to be a devastated holder who's lost money (not) and fake some anger issues at the guy who called the whole thing from the off. Hi riddler, long time no see, well, long in time in that moniker. So what's the next one? sniff sniff? there's got to be one so where it is? Follow the Bees and you'll find the honey. see you all soon :)
No point falling out or posting messages designed to upset others. Keep it to yourself. As of today we have appointed an administrator, one of good reputation. Who knows if a lifeline can be found, you never know.... Until the company goes into receivership, this isn't over. So.... Best say nothing, hope for the best but expect the worst! I just hope the company doesn't go bust, with the managers buying the assets and then coming back as a new business. That would tick me off!
'Let me get the situation sorted and I'll tell you all. Not nearly as interesting as you might think.'
...******* crooks. And the CFO is the worst.
Crooked aim strikes again! Never saw that coming, should have listen to apple! Sorry to all fellow holders!
Last week successfully raised C$39 mln in new equity some of which is likely to go to the Rame/Mandalay Chile project. Part of the answer ??