Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Can I get this clear. What you are saying is that the future fate of the Company is now in the hands of a dyslexic duplicitous lunatic! How can one person influence all this? There are many things needed to turn this Company around I agree and I agree with your assessment of the BOD performance to date. We look to have achieved the first and very important task and that is to be able to carry on trading after the default. No one can know how how this will pan out in the future due to Ukraine war, China lockdowns, copper price etc. I am part of the Discord Rambler Investment Group and we have made it clear to the BOD that we will scrutinise every move they make and that mass dilution is not an option - we believe they are taking note. If PI`s lose everything so will everyone else - Brad Mills/Newgen/Hancon and every other shareholder. If Moon has a load of money to invest there has to be the shares available for him to buy which hopefully there wont be as many as he wants as I believe they will not lift the suspension until things have improved significantly and hopefully some investor faith has been restored
A lot of ifs and buts but lets take it one step at a time and keep a close on on what the BOD are doing and work together in continually scrutinising them.
@Mad.
Nope of course not. Company is doing it's own job of snapping it's future, for better (or worse!). In most of our eyes decently technically to date. Very badly in terms of its ability to monitor and control costs obviously.
If you have been around this share for any time then today's exchanges simply illustrate (to me at least). The games that have been played by the Loon in chief. Perhaps your right. He gets far too much attention. But these "best time ever claims" needed debunking from the POV of existing holders frankly. Least some still see him as some kind of guru....
May I ask you about TB though. If your discord platform is in touch. Then how (if it's possible), as a CEO (note, not a chief mining technician) has he at all justified allowing the company to reach this perilous state?
As a large holder still here, I had/have a lot of time for him as a mining engineer, and the work he has done over the two years I have been invested in that area.
But frankly financially I can't see how trust remains, and how he can remain in whatever regardless of the context this pans out in. He isn't a competent CEO....
His ability to run a company has got us to this point. That's what hacks a lot of people off tbh.
Anyhow. It's suspended. So he's now got to come up with a plan. Not just for new investors down the line. But to satisfy existing shareholders whom he has let down badly so far.
Cheers.
Strummer
Totally agree that TB has to go as CEO.
His term is almost up and needs to be voted off
No dispute about his ability as a miner but can’t run a Bath let alone a company.
To get any credibility back when the share is in suspended, he needs to be gone pretty soon.
In light of the redundancies, It’s less likely a a sale is imminent.
As they have said they have old AP to settle (and without knowing how much) they can’t RNS a formal deal with NewGen in isolation.
NewGen will be fine with non payment and they will have agreed some penalties but RMM can’t come to market with that without stating the august with AP
If (as I expect) they have done an informal arrangement with some of the larger creditors and stick with those for 3 months or even 6 mths to clear old AP then they can RNS a deal with NewGen when those AP creditors are back to terms / close to terms
We could be suspended for a long time now with little to no news.
So for now, let’s just watch CU price rather than RMM as this will be key to how long suspension could be if there is not a sale
GLA
Just can’t understand why everyone so sad it’s joke like end of world rmm in best situation. For first time ever we are a company with everything. Working dnt care if placing don’t bother me. I got more money crypto iconic labs new funds even better.. I seen mine and it’s amazing. Tb done a great job no one else can do what he did. U lot forget tb had to fight to get rmm to we’re it is. Bankrupt company 2020 look now company that actually running grade are crazy
DJ - sorry I mean Publican! Why do you feel the need to comment again? You’re not invested. Can’t you just put a sock in it mate?