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I am tempted to put some money back into Made as I can see them getting an offer of 10p! + I am just waiting to see where it ends up in the next few trading days before making any decisions.
AJones, agreed.
Cineworld Yes, I have left my initial investment in and took a profit at 6p. I have just given up on the CINE board as it became more of a bickering board than a productive information Board! Made I sold out of at a loss and invested more in here to bring down my average as personally I think that this is a better investment and will make more money than made would ever do! RMM have considerable assets and once finances are sorted, I can see this doing really well!
Hi Ajones, opened a position here today, good to see you here. Are you still in cine and made?
You have said the below 290 this year or next! I am not sure how you ever got to them figures! And you have never explained how a mine with a turnover of $60 Million (Based on 7000 Tons) and a potential turnover of $215 Million (Based on them hitting the 25,000 tons they are looking for) Would ever need $290 million of investment in the next year or so! It really does not make sense! They are never going to ask for £290 million! Unless something drastically changes, and they make the find of the century
"Dnt need all of that simple borrow big cost save upgrade everything then we are ok. From begin always said 290 million not changing that. Not in one go. But it happen this year and nxt"
"No I mean 290 million why best we need upgrade tpd to 2500 we need ore sortor we need dig deeper and exspend the place we need electricity upgrade we need cost saving equipment asap . We need bigger time we need everything cost savings measures yes I contacted the company again waiting new response"
"Keep saying to u lot 290 million we need but we not getting that right nw. 50 million start then slowly more after"
Clarity on financing is needed to remove uncertainty, as the risk of a discounted placing or a convertible loan remains until then.
Did I say 200 million nw funny hw some ppl take it different way
I do feel at 6p most of the risk removed,what do others think
Yes but not enough for a £200 Million raise :D
Told u
Contractor costs have gone up considerably! Across all sectors!
I imagine there’s been pressure on staff and contractor costs…
In anticipation of the excuses we will get from RMM about how costs suddenly rose (forgetting the money being thrown at new trucks...etc), possibly worth pointing out that from July 7th when the now infamous interview with TB saying they don't need more capital, took place... to today, the oil price has fallen from around USD100 to USD87 per barrel, so I think its a fair assumption that the price of Diesel didn't go up.
DJ. Put a sock in it now mate. You need to learn when to shut up. It’s clear to everyone that you’re just p*ssing everyone off now and have zero support for the repetitive narrative you spew out daily. For everyone’s sanity, just take a break from here.
This board getting funnier by day seller now campaigning muilit confused we’re getting belongs. Who next
Weatherly International Plc (WTI) is a good example and yes it did go bust but the company who lent the majority of the debt at the definitive study stage to construct the mine did absolute everything they could to keep the mine going because trust me administration is not good for the debt holders either so I do feel that there will be a solution to the financing it is just about the amount of dilution the shareholder will need to take. I lost more money in WTI than I care to admit and there were warning signs in the RNS's, but copper was above 3 and it looked like WTI who could just about make the interest payments to keep Orion happy, but they could not pay the any capital back and the life of the mine was limited so WTI was a massive geared and risky play on copper (if copper had risen to 4 and stayed there we would make a fortune). The final nail was a flooded mine which stopped the mine and the copper price collapsed 6 months later anyway, so it was doomed even if the mine did not flood.
The point is that RMM was always a massive bet on copper. I have bought and sold RMM a bit due to my experiences with WTI, but I don't hold any now. DJ is correct in their analysis but there is an entry point but like a falling knife it is impossible to know at what price. I do think the SP will rise on the financing but how low will the SP go down is anyone's guess.
What is it today Multibagger1?
Complete bankruptcy and dissolution or
Huge gains for buyers!
If you owned a record player that was f.....d like this one, you would skip it wouldn't you.
Round and round and round we go, now will you get off the merry go round, boring, boring, yawn, yawn, yawn.
Some people will not give it at rest, they can not take a hint, this is worse than watching paint dry, like having a big brother or sister who always has to have the last word, wow, lost for words, embarrassed for you.
Green boxed!
DJ,
With respect, it feels to me like your almost trying to scare the remaining holders into selling by placing doubt in their minds. Perhaps persuading people to sell up somehow makes you feel vindicated in your decision and that we all need to feel an actual loss and how angry it can / could make us feel.
None of us (existing holders) like the current situation, but at the end of the day, no-one truly knows how bad this really is, how any restructuring discussions may be going, or what could be the end result.
In short, it is my investment, my choice, my risk. If I had sold out I certainly would not then go on a posting campaign... angry posts, fear posts or trying to steer other people down a certain path based on views rather than facts.
I would simply lick my wounds, learn from it and move on quietly....
Last post from me... Good night all.
Diamond I’m sure like many other investors we genuinely had our hopes built up,things were running to plan…then this disaster of an rns!! I’m hoping you get some responce from your e-mail!A crumb of hope even!
You just don’t understand what is happening
Misled do u even think that they hv I don’t believe they have at all
Hi all,
I have sent 2 emails to RMM, the last of which I have started copying in the bankers SP Angel as their Nomad, which just might at least make them read them. In case it is of interest this was the last one, which will probably be completely ignored, but anyway.
Dear Tim,
As we approach the publication of the interim results, I hope that the BoD and Toby will address the statement Toby made in an interview with Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA for Metal News.com on 7th July 2022.
“…There are feasibility studies to be done, but just to get into your investors’ minds the type of opportunities that may be there. We may look to raise some of that capital through the markets in Canada as well as in the UK, where we are listed right now. I should emphasize that we are comfortable with our capital structure for the current operations. Any future capital requirements would be for expansion opportunities only”.
The Copper price on the day of the interview opened at around USD7,631 per tonne… today it is USD7,750 per tonne. How could the Company not have internal cashflow forecasts for the business which would have showed otherwise. Why did the Board of Directors not ask about the cash burn? How could the Company make a statement that “Any future capital requirements would be for expansion opportunities only”? and 8 weeks later announce it needs more capital?
I hold 700,000 shares in Rambler and I believe I have been completely mislead. Please pass this message onto your Board of Directors....
" there are no two ways about it" -TB.may be he is talking about sp to move downward way ...