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I wonder whether our chairman Brad Mills who owns a big chunk of Ramblers through his private equity firms is planning to step in to take this private. Someone was definitely hoovering up shares during the fall - it was far too easy to sell big chunks. And all the doom mongers on this forum (incl. the told you so twats who sold up but still feel the need to contribute here) are aiding and abetting him to get this at a hefty discount…
@mb you have no information to base this statement on. That rns was phrased to scare deliberately but no one knows what the real situation is
Interesting views by @unprecidented and before that @hawaii.
As to the people that sold up, again. If they had any decorum they would remain silent now. If you continue to post the negatives it simply appears you are now talking it down further purposefully to facilite an agenda.
But then AIM shares are full of agenda types as we all know.
Let's see what the new CFO comes up with.
After fund rising complete the company will come better financially as we will produce more copper with higher cu price in coming months ...I hope they could manage new gen for more money in longer repayment period ...as our operation side is working good it can't be that ..what do you think multi ?
....that bad ...
I agree strummer about what you said you think the issue is. I think previous CFO leaves and new CFO drains up uncovering a pile of poop etc. That's what I felt yesterday.
If they are going to pay off (restructure) debt to lower payments, to have capital to do improvements to lower cost of mining, shore up balance sheet, catch up on payments on accounts etc and resolve this on a permanent basis then we're talking significant money. Many multi tens of millions IMO..
The question is if they can do this via debt and if not how much equity. I'm uncertain in this regard. Clearly they'll favour debt, it's whether it's too much for NewGen or other lenders etc. On the flip it can be asset backed depending on any existing agreements etc etc
I'm sure there is a million creative ways a deal can be structured. It'll be a waiting game.
Toby hasn't strengthened the negotiating position with this RNS though.
Equity raise could be 50% could be 100%, could be 0%.
It worries me when people keep asking for info and target prices from others on these boards as they simply won't know. No one knows. This is the issue with the RNS.
Atb everyone
I would only add that while copper (and all commodities) will be a safe bet in the long term in an inflationary environment (their prices generally keep up with inflation, and copper should be in high demand), in a recession in the short term demand can collapse, and copper could go down to MArch 2020 levels which is around 40% lower than current price. So they need enough headroom to cover a short term slump. This can be done through lots of cash, or hedging. I would think the CFO is working on a package of measures. All to play for, but it could be squeaky bum time for a while.
Strummer, I sold yesterday but it was a tactical risk-limiting move done without minutes of seeing the RNS. It’s not necessarily a final decision, and subsequently I have spent lots of time carefully considering the matter. I don’t see why I shouldn’t discuss views with others on this forum while I’m thinking
@metal.
Fair enough. Wasn't really aimed at you frankly. If you are catching up see the posts later yesterday after the RNS. Personally I think they lack class.
Fair enough, I do get where you’re coming from to some extent
Multi my friend good post .so you accept that we will be in very good position once debt restructuring done and in few weeks copper will be shoot up .by December we will be reasonable good position and by April/ may sp will be 30p+ when everything sorted for long term and we will sell copper in high prices (could be $5+ as Cornish recon ).they just need to confirm Monday how they manage the fund ( of course they arrange something ) .if we dilute 50% that gives us 241 million shares .if we produce 7000@ average 8000thats 56 million from copper .if we make 16 million profit with 6p/e that's give us $96 or £83 million market cap
83 /241=.34.5 per share even we dilute by 50% ....