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Get 60 million loan for ten year @ 15% interest on which we have to pay 968000 per month. repay existing debt ,fix ore sorter and keep rest as working capital to run company smoothly .we r now getting 700 ton per months @ 8000 we got 5.6 million from copper per month.we can pay 1 million to debt repayment as there will be no more debt and with ore sorter we will produce 30% more 900 to 950 per month.
Who will provide us 60 million ? Find 3 big fish ..@ 15% interest they will provide 20 million .it's the job of CEO ,CFO and other board of directors to find big fish that's why we pay them big money...if bank can lend us million pound over 30 years @3% interest when we have few thousand pounds income ,big institution can give @15% interest ......board should have done this ......just my smoking thought..
What is frustrating for me here, is so many were opposed to hedging when copper was at nearly £10k.
If I had the money I’d bail RMM and all it’s stakeholders out.
I’d offer you all 30p a share cost me £45m for the company as it is , plus pay off the debt and invest in an ore sorter….Job lot £75m ……if someone did that they’d make a fortune
I can't figure out what has desperately changed in ramblers cost structure, they are pretty well insulated from energy prices, which is the main inflationary pressure.
That statement makes little sense to me, unless they have an investor in the wings that wants in at a certain price, if that's the case it's pretty unforgivable from a PIs point of view.
I am convinced that we are going to see a very rapid reversal in the copper price as stocks dwindle and the energy war intensifies - securing copper is vital
Look how far they’ve got Ramblers…producing mine…current market cap £18m , resource is growing constantly, cash flow problem in current micro climate is the issue which they plan to sort.
Good investment opportunity I think for long term if they can ride the wave
Don’t worry guys DJ Ryan got this one badly wrong , but don’t worry for his next trick HZM - where he’ll help you half your money again. Give him a follow and you’ll be broke by Christmas
It's now at a fire sale market cap, there will be juniors a mid tiers seriously looking at this.
My biggest concern with rambler has always been the trucking distance, the ore sorting helps remedy that until an on site mill can be built
It's a tough market at the moment for sure.
Dj77. Just go with ur discord buddy all selling nonsense
Totally agree dj but I exspect big thing to happen here.