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"Rambler aims to conduct its business in such a way that maximises value for shareholders"......this is how they maximise shareholders value ......
I think they mean the new shareholders (their mates) that are buying up the cheap shares right now
Thinking about it over night.
It would make sense (to me at least)?
That we have TB. A strong turnaround technical miner, who by all evidence is now delivering in that area - tonnage, grades, new finds etc. All good.
But he's clearly not so great to put it mildly on forming Comms & specifically running the money side! Tbf he's also in a much tougher Marco environment now that isn't helping.
Unfortunately for us his past CFO seemed to be worse than him at the aspect TB needed the help in! :-s.... So recognising that he brings in a new person. Who does the drains up needed, and we arrive at the current situation, with things exposed...
Seems plausible to me at least?
So question is, can the company survive long enough to exploit the good work they have done under ground to turnaround the future highly desirable product. Or are they too far shot, going to be out of business or taken over for a pitance of the mine value.
That's the 64000 dollar question now.....
The answer to that is the one I need to think on further. To me holding or even adding here or a bit lower is certainly justified by the mine and the progress there.
But will Rambler as we know it be around to ever reap that reward.....
Investing ain't easy.
It strikes me the relatively new CFO has placed a firm hand on the tiller and as such RMM, once they sort short term finance, will be in a far better place, new financial systems are now operative which gives management a weekly handle on events.
I very much doubt they will want to raise via equity at current levels to protect the shareholder base, Bradbury himself has around 1m shares bought around 25p, equates to £250,000.
One suspects previous RMM backers may be prepared to adjust their loans and could even be prepared to provide new finance, a recent example was Blackrock who, even as W Resources declared their operational performance was woeful and losing swathes of cash, offered a further $5.5m taking W debt to an amazing $80m.
You see existing financiers often prefer to support than withdraw, in the case of RMM their operational performance has significantly improved, this is a very important positive.
I think the share price fall is overdone therefore, will be a buyer on Monday around current levels, more-so as the copper price fall can only be a blip as demand continues to outstrip supply and forecasts this will further deteriorate.
DYOR
For balance I repost this, I have been investing (successfully) in the mining space for around 30 years, are RMM a basket case, not at all, remember it costs to be stupid, the more stupid you are the more it costs !
It strikes me the relatively new CFO has placed a firm hand on the tiller and as such RMM, once they sort short term finance, will be in a far better place, new financial systems are now operative which gives management a weekly handle on events.
I very much doubt they will want to raise via equity at current levels to protect the shareholder base, Bradbury himself has around 1m shares bought around 25p, equates to £250,000.
One suspects previous RMM backers may be prepared to adjust their loans and could even be prepared to provide new finance, a recent example was Blackrock who, even as W Resources declared their operational performance was woeful and losing swathes of cash, offered a further $5.5m taking W debt to an amazing $80m.
You see existing financiers often prefer to support than withdraw, in the case of RMM their operational performance has significantly improved, this is a very important positive.
I think the share price fall is overdone therefore, will be a buyer on Monday around current levels, more-so as the copper price fall can only be a blip as demand continues to outstrip supply and forecasts this will further deteriorate.
DYOR
Once they manage some more fund from newgen and restructure the debt over longer period sp will back to 20p level again ....just need some money to dig more copper to sell. All board of directors can give 2 million each and take higher interest from it ..problem solved ....Brad mill can alone give us 15 to 20 millions if he wish ...they need to get investors trust back .sitting on top of billion dollars copper rmm has one way to go ..just need china to stop their bloody lockdown and russia ri stop war ( looks like a peace deal on its way )