Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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...and when to use a comma!
I'm just hoping Glencore bought it and that we are all multimillionaires - and that TheJam4 learns how to spell "you're".
Those who got the company into this mess I.e. rmm management have absolutely no control over the process. The decisions are taken by the secured creditors..
Leah what inexpensive strategy could we have brought to the table which would of resulted in us, shareholders having our voice heard, that would of maximised a result for shareholders, your taking utter waxk and crxp as usual
....But maybe Bradbury has persuaded Glencore that this is a world-class asset and become the hero..... ;-)
I'm sorry that many decent people who invested in the RMM group in good faith could lose their savings while those who have caused the loss have been allowed to direct the course of the SISP unopposed. From the messages people are posting seems there are many peeved people out there who feel powerless.
Are you peeved Leah?
As a strong minority shareholder group we could have used a sensible (and inexpensive) strategy to have our voice heard at the table in the Canadian SISP and put pressure on them to maximise recoveries for us all - not just for the secured creditors. The RMM shareholder group did not want to explore this strategy, so I'm afraid we must now just sit quietly and take whatever might come our way (or doesn't come our way). The timeline says that on 4 August the deal should have reached definitive documentation (with the final approval motion on 11 Sept). We must now just let them take their time to publicise the information - which might even be after the deal is finally approved on 11 Sept. This is extremely unfair but we did not fight our corner.
The company went bust. What more information do you want…. That it’s been bought by glencore and we’re all multi millionaires. So likely.
Administrator has zero responsibility to shareholders.
Some recent information wouldn't go amiss.
We're just dangling here
They have indeed been moved from ISA account to Investment account (non-ISA). Thanks
@tardis, logged onto smart investor (barclays) my RMM shares are still in my portfolio. (Sunday 13th)
If they were in an ISA, that's what happened. It's (unfortunately) standard practice. I have the same.
Thanks Strummer. Likewise mine were in ISA, so I will look to see if they appear in the non-ISA account. I hadn’t even thought to look there. Didn’t get too worried as also doubt will get anything back.
@Tardis.
If it's of use. Mine and my wife's holdings via Iweb (Halifax).
Are all still visible. No valuations of course as delisted etc.
But the overall total number of shares is still present.
What they did do about a month after the delist end of April, was move the 9 tenths of our shares we had in ISA's into the linked share dealing accounts.
These are now in the SH accounts with status of "Inward Stock Adjustment".
Not holding out great expectations. But academically be interested if there is any left over monies to holders. As to if that proportionally would be credited back to the ISA's or left dandling in the SH acc.... It should be passed back. As though you can't hold the delisted stocks in the ISA by the rules. That's where the investment was made, and if HMRC are to refuse you making a CGT loss as it's now in a SH account due to that fact (originally ISA money). So then logically, any monies arising from shares purchased originally in the ISA wrapper should be returned there!
But suspect that's going to be academic, and if it isn't we will still have to context our brokers to fight to make even that happen.... :-s
Hth.
I logged on to Smart Investor (Barclays) for the first time in a while and my Rambler Holding has disappeared from the portfolio screen. Anyone else have this with their online broker?
Agree , hopefully today!
If you check the original timelines:
https://www.ramblermines.com/storage/press-releases/rambler---sisp-extensions---05-30-2023-1685533504.pdf
Selection of successful bidder was 7 days after the deadline, definitive documentation took another week.
The original Phase 3 deadline was Jul 21, then delayed by 10 days. Original Definitive Documentation deadline was Aug 4. Delayed by 10 days is Aug 14. So, hopefully news tomorrow or Monday-Tuesday.
Why don't they hurry up and put us out of our misery?
Yes ' when I say a possible JV ' I meant two completely different companies other than Rambler.
God forbid RMM were still around.
Sorry below meant to say removed Rambler from Plinian Capital website, not Mandalay Resources.
If it is on the cards, doubt Bradfart Mills will be part of it. Removed Rambler assets from Mandalay Resources website. And if someone wants to come in and is successful here, why would they share that success with the parasitic clowns who ran it into the ground in the first place?
So in this context, a JV would have to be a joint bid?
And think it's totally normal to have the delay on the announcement here. Jul 31 was never meant to be the date of next news. It's merely the bid deadline, they probably now need time to go over the details. So update next week, maybe by Aug 11. That then gives them a full month to conclude the SISP on Sept 11, as re-iterated in last announcement.
Could it be that there will be a JV here.
Less financially painful should it fail yet again
Good luck to other bidders.let have them a bull fight