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I predict shareholders will get nothing. Just my hunch and grateful for the comments of those who clearly have much more knowledge of these situations.
Not that Bradbury's proven himself as a man of his word (or a man at all), but this gives some hopium:
"ultimately work towards achieving a transaction that is in the best interests of Rambler and all of its stakeholders"
Emphasis on 'all'.
However, I also expect nothing. That way, you can get pleasantly surprised!
9100 x 150 x 52 = 70m approx revenue.
12 x 5 = 60 m costs
70 - 60 = 10m profit = 8m pounds
P/e 10 = mcap 80m
less 30 m liabilities = 50m
Current mcap 9m @ 5p sp
So 5 x 5 = 25p per share.
I do not see how RMM could get a P/E ratio of 10. 4 at best.
With 9100/ton and we can produce 550+ton per month cost should be much more less than 60 million a year .
Micru, unfortunately, I don't think TB has ever thought of shareholders as stakeholders. If anyone hears of anyone putting together some legal action against the directors for the false statement of July last year, please could they say - I would like to join in.
30p/share
90 million for rmm entity .40 million for debt and other expenses.
90-40=50million
50÷162=30p.
....30p is 25p in the ***-packet world
....faag-packet
0 for shareholders will get restructured and sadly we will be wiped out
It is currently valued of having a market cap of £9 million with assets after debt of £76 Million - I am not sure how they will get away with just paying off debt and giving nothing to Shareholders!
Also again according to their website - "23.755 million tonnes of Measured and Indicated Resources grading 1.80% copper and 0.35 grammes per tonne gold, containing 945 million pounds of copper and 271 thousand ounces of gold, at a 1% copper cut-off ? The Inferred Mineral Resource estimate includes 6.430 million tonnes grading 1.86% copper and 0.38 grammes per tonne gold, containing 264 million pounds of copper and 78 thousand ounces of gold, at a 1% copper cut-off"
I am not sure what kind of value the above equates to in terms of value but I am sure its well over £1 Billion - I am not sure how they would get away with selling this based on current assets and potential revenue of over £1 Billion for £35 Million just to pay off debts and the Shareholders get nothing?
What is your prediction in case of sale A.jones ? I think 30p because it is a stress sale .otherwise if there is a bidding war we should get very good value .the problem is we have a worthless BOD and a liar CEO who told us lie ,but the asset value and fundamental of mine is same as before .
Honestly I really do not know. I would like to think it would be more than the current Market cap of £9m based on asset value and future asset value. It all depends on where Copper prices go and how many people put in bids. I personally think that 30p would be a steal for this mine but based on the current situation I do not think it will be 30p - Personally I think it will be more like 10p -15p but I really do hope I am wrong and we get the bids more towards 30p! As even at 30p this is very cheap considering the money some companies spend just trying to find a decent mine!
AJones, Exactly - how much would it now cost to explore for commodities, then build a mine to the level of Rambler’s?
I have seen a lot do it over time and it was in the 100s of millions!
Red kite. If we can't mine it profitably doesn't mean others can't and underground copper is valueless. If someone fix an ore sorter and have proper money and good ceo this will be a cash generating machine .
As u said before If I don't have money to buy fuel for my porsche then someone has the money can buy from me ,fill tank and drive .May be I have to sell less than original value but don't mean my car is valueless without fuel.
We just need few buyers for bidding.under monitor supervision that will happen because our so called expert BOD and our liar CEO will have very little influence on GT(monitor) .
What if the are just going to try and keep it in house under a new name? Lowball offer and reject all other interest. It only takes 2-3 bidders fighting it out to see what this mine is actually worth.
The problem is that any company coming in is going to have to invest a significant amount of capital to make the mine profitable to a level that it will return anything on the original investment… The ore sorter is a bit of a pipe dream that seems to be a marketing tool for Rambler. On paper it looks great, but when you start getting into the details things sort of fall apart. Like what’s the impact to total copper recovery? Where is the rejected waste going to go? It also only impacts a very small part of the overall cost structure but it gets touted as this magic bullet that will make Rambler a profitable company.
At the end of the day Rambler needs to be able to move way more tonnes of rock than they do now. That means a bigger mill and updated material handling underground (shaft, additional ramps, etc.) which is going to come with a massive price tag to do properly. Any potential bidder is going to do their due diligence and factor this into the price which at the end of the day will likely just be enough to cover the debts at best.
Genuine question to the derempers here, do you think it was the right decision to sell out at say 12p? knowing you might not be able to buy back your shares. Obviously time will tell, and I agree it could go either way so I'm not saying you was in the wrong to do so, but it could just as easy sell for a return of 40p s/p.
I'm not a deramper and I sold for 10p at a huge loss but I have no regrets. The past 6 months have been very difficult and stressful for shareholders and I'm glad I saved myself from that.
Since I sold I figured that they would renegotiate the debt and recover and I may be able to buy back in at a similar price to which I sold, but that obviously didn't happen. My biggest fear that caused me to sell was mega dilution and I wasn't prepared to be wiped out if that happened. I had far too much in here when it tanked.
A buyout looks like the best option for shareholders, if it is sold for a fair price. The big question is will it. In the past I have been expecting £1 per share here but that was based on the information available at the time, and unfortunately the news yesterday shows that information was incorrect. So I'm not even going to try and say what this is worth now.
What I do hope to see is shareholders getting as much of their money back as possible, followed by litigation of the BOD if it can be proven that fraud has occurred. No problem at all if shareholders get back more than my 10p, I did what was right for me at the time. I have had a bit of luck in my portfolio since so not as underwater as I was in September.
Derampers feels a bit harsh. Im personally just offering an opinion and am comfortable that that opinion is genuine and has been pretty accurate so far.
If you, or anyone, determines my views are invalid or are too negative that's totally fine. There is no consensus requirement here.
The reality is no one can influence this in any way. There is no ramping, deramping etc.... Just views.
Like xenor I would much rather be wrong and for shareholders to get their money back. Why wouldn't. I've nothing to lose or gain. It's a bulletin board for discussion and I'm personally just offering my views.
Some may find them useful. Some may not. Read them or brush over them. No worries.
Atb
Well it’s about to get more interesting.