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......The official company RNS(s), explaining the actual position and plans on the financial side here.
I think that's what "big boy " investors actually do in fact.....
Emotive and seeming unhinged investors (& ex investors!). Comment repeatedly round in circles daily, and cry into their over inflated egos frankly....
BB is completely not worth reading until concrete information is forthcoming that may then be discussed in a rational and sensible manner by those invested, and those interested in investing.
The other current interminable "noise", pro and anti.... is just that..... And it's now simply boring tbh.
DJ
We hear what you are saying, but don't you think you should be directing all your queries direct to RMM??
If you think the Management are incompetent, don't know how to run a mining company, then surely you will of vented this directly to RMM senior management?
Please confirm to us all how many times you have called or emailed them and what response you have received, as we all would be interested in this information.
Contact information below which I assume you must know these off by heart.
General Inquiries: contact@ramblermines.com
Rambler Metals & Mining PLC
3 Sheen Road
Richmond Upon Thames, Surrey
TW9 1AD United Kingdom
Tel: +44 (0) 20 7096 0662
Fax: +44 (0) 20 8609 0313
Motives??
Always remember certain posters have more than one account on here and there is reasoning behind their motives.
Yet again, pages of assumptions, guesses, finger in the air which way is the wind blowing.
No evidence, no facts, absolute guess work.
Wow, some people just don't give in.
At least no mention of the 100k, whoops, did I mention the amount, owe dear, Apologies.
No one knows at the moment what the management have and haven't done.
No one knows financially what position RMM is in at the moment.
No one knows what deals maybe happening behind the scenes.
No one knows if other companies are interested in a buy out.
No one knows what is going to happen, everyone has an opinion of what they think, assume, guess may happen, but that's all it is until we receive an official RNS stating the true facts.
I tried looking for them figures before and found nothing close to 60%
SIGNALMAN
Where do you get that figure from - Please show your workings out/research.
And your charts make me laugh!
U lot make me laugh just wished
Assets massively outweigh debt! I am guessing they will get the debt refinanced and the refinancing company will secure debt against assets! In my opinion this is a very low risk business for a lender, and they will not be too worried about lending money to them!
I’ve thrown it in this morning fellow Ramblers. Here’s hoping for positive re financing news to see us through this dark tunnel we are going through. As Andy Dufresne says in Shawshank. Hope is a good thing, maybe the best of things and good things never die. Our mining hats are lighting the tunnel we are in.
I can see light at the end of the tunnel. Can you?
That the point .even if we go under administration shareholders will get at least 30p consider to its current asset and liabilities .rmm will secure finance and by year end we will be 25p+ again when cu will be $4+. Even if they do a fire sell Ming mine will be more than 100 million considering its current production status and future coming boom of copper .if they sell shareholders will get 40p+/share if you deduct all liabilities and other expenses.162000000*.40p=648000000.
So if we sell for 100 million then rest 35.2 million can go for debt and other expenses .we have very little debt compare to asset .
Bust? Really? Even if it does go under (Which I very much doubt it would) - They are currently priced at £11 Million market cap with over £114 Million in assets once long-term liabilities and debt is paid off the assets are still at £72 Million. Once administrators have took their cut and sold the assets at a reduced figure, I would say the shareholder fund would still be around £30/40 million which is still 3/4 x what it is today so we would still benefit from it. That is without selling the Mine which would probably be worth a considerable amount! In my opinion the chances of this going under based on current growth and turnover and future profits is very very low! They will secure funding, and this will carry on! I think the end of year results will be very positive in showing what this mine can really do and potentially do in the future!
Remember over 60% of companies go bust due to lack of funds not profits.
Buddy
Pop does not mean bad ?
We r not going pop .most of the time people don't understand what r you writing .one day you atr very positive another day very negative about rmm .makes your mind up,write clearly with logic.no body takes financial advice from you so like a disclaimer you don't have to say it every time . We will fly again just need some money and time while macro economy settle down . Even someone may need to raise some money to feed the chicken because of inflationary effect ..
Mate get hold of urself buddy we about to go pop. This is point we’re rmm turning not financial advise
Last year We all were predicting £1 by now.never know things may be look bad now but once we get debt restructure by same time next year it can be 50p+ as our production will be over 9000 ton ,copper may be $5+, ore sorter will be in horizon ,inflation will come down so will production cost ,macro economy will be improved ,no fear of China lockdown and Chinese stimulus package will require more Cooper, war will be stopped and we will need lots of copper to rebuild ukrain but supply are limited, rmm main capital requirements done so we will not need more money for development work .
We will be very profitable once we get some money and time while copper is in low price .I am sure by same time next year it will be multiple of 10 where it is now .people may laugh at me now but even 50% dilution we will be there as rmm assets and production doesn't change .
China started open from lockdown .how long we need copper to reach $4+ ? Supply demand equation should be start soon.
Copper will be over $4 ,finance will be manage and our sp will be bounce back harder .just few weeks ..we will turn the tide away and whoever is selling now will be regret as sp will boom .
To invest now is total guesswork (a gamble) until more info known. If the info is good news, anybody will be able to pick up gains by getting in relatively early after news.
It is this low because there is a funding requirement
How much required , how much dilution and at what target price
Market does not like this uncertainty.
It is a punt here , but best to wait for funding news
There probably will be a churn of shares post dilution too
Honestly? Have you read what you have put? These charts are not this accurate!
Just check out GGP & EUA also
Yeah, it doesn't make sense why RMM is so low.
Tempted to drop a load into RMM in the morning given any type of loan extension should multi increase this share.
Lot of people don’t understand it. But sometime charts kwn things even before we do. Why do ppl pay for charts. Sometime it can tell u picture. It saved my ass many time
How many Yachts do you have? I am not sure how your chart can predict 8p in 2021. I am sorry but if you could predict that on shares you would literally be a trillionaire! As your stating your charts know the future and know when to buy and sell.