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Goingtomoonufo
Not being funny but what on earth are you going on about?
that is right crash price get the money that u need both company win. if rmm goes to 8p as I think. I sell all my shares in ufo premium double down on rmm.
Probably it's because it was hard to find an investor who will pay 20+ p a share in this risk off environment
Thats what I don't get why trash share price it makes zero sense on the face of it.
Sadly LTHs will never see a profit here, this hoped for recovery share has come to nowt.
Seems very strange to release such a negative update and then look for money. Given the usual discount given on placings we are looking at 8p and massive dilution. Very poor management of the situation. Ironically all on a day when the copper price looks a more positive
when I was working.... I learnt what company do. same when I was in Comoros working for govument. Comoros has gas same size as qatar. on small island they have broadband of 50 mb in the middle of nowhere. but if u go there all Chinese are there. and Russia. Comoros island has been bought up by Saudis most of it. tallow oil leave Comoros another partner come in. but tollow oil still there its one of there other company hahaha. hope u understand..
To be fair Moon may be unorthodox but he saw this & i didn't, it sounds like the historic debt and covid needs to be churned through.
Bless you Moon, you're like an anti savant, guiding us all with your metaphorical white stick!
I saw on chart that we was going high then massive drop to about 8p reason why I did not know something happen to prem I invested in prem at 0.055 if I remember then boom take off chart showing big volume that did not make sense.. chart not always right but does give u insight..
Vultures will be circling, there is plenty of money in the mine, I just hope we don't get taken out.
Good Luck to you!
i just bought in on the bell @ 11.15p im happy
Moon - what are you actually seeing on the chart that leads you to 8p?
Market cap this Morning was £40 million and net Debt was $21.2 Million meaning if someone wanted to make a serious offer for the business it would have to be at least 35/40p a share which I cannot imagine anyone would want to do as this would cost them over £100 million. I can see them getting an offer of about 25p a share and stating that they recommend that it is accepted as they need the cash asap. I was in Lamprell and something similar happened! A silly RNS Like this (Apart from Lamprells did state that if they do not get investment then they would go bankrupt) - The share price dropped and then an offer came in for 9p and BOD recommended it was accepted.
Today has been a poor day for many...
Some of the vocal commentators, pro and anti. Some of whom who have flip flopped between. RMM is a great share..... To it's a dog ....
Would do well to show some. If your out your out. If your in. Keep your council.
IMHO.
just dyslexic an autistic. I see things very different that lot of people don't understand.
Shouldn't chew the cud on this all weekend tbh. Nothing to be gained.
Could the company go insolvent - of course, theoretically, yes. However they have assets to back against and they are listed so can raise that way also.
RMM still has the asset, the jurisdiction is great and operationally they've improved significantly. That said we can infer that they have high production costs and are reliant on a strong copper price. So they are wanting to improve balance sheet as they are vulnerable.
Their is still an investment case to hold or buy rambler but this is an individual decision that each investor must make alone. It's not a stock to throw the sink at, and it's one that each investor must buy into with eyes open on the downside risk. The potential returns are still (potentially) solid.
However the uncertainty around the amount needed, any share issuance and the status with current creditors is significant. Without this no one can realistically put a target price on their investment.
For me the market and I need to see financials and to understand in more detail the proposed finance plan/requirement/costs.
Then as an investor I can assess if the upside potential is worth the risk.
The BOD can not expect to retain or attract investors with poor communication and poor financial awareness.
Their is a case to sell, hold and buy. But it needs to be ones own case.
u see I have learnt that chart give really good indication what really happening sometime. I believe at points sometime to sink company to get their friends inside buy it on cheap...
06 Jul 2022 09:55
Look at that 15 coming guess what 8p not so long way away did say on chart it may happen. If news bad down we go. Am negative
u see rmm got asset rmm has amazing land new trucks ports everything. rmm in news papers. everyone talking about rmm. new company advertising. yes they needed to sort out debts I kept saying that all long. when debts are in better condition we will boom. this needed to happen really did. now I expect massive placing or debt restructuring. u can't do everything digging mining running mine new scopes u just can't. its amazing time for rmm. best thing ever. I can say finally we are in right place right time.
Moon. Why is it better to seek finance at 8p a share than 23p? You've lost me there.
They did the exact same thing last January . Indicated they had financial issues and then raised a month later . So they have previous of trashing the sp before raising
"The BOD have f’ed up and blaming everything but themselves." - So do 95% of people here. Human nature. Just keep that in mind and it will help u avoid many mistakes in investing
Could the company go bankrupt from this? Seems like 100m mcap is halfway to the moon right now.