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If debt was converted to security you would be diluted much more than 10%, more like 75%.
But the lender isn't going to do that, they don't need to swap shares for debt they have control of the assets and are running or selling them as a going concern.
There are two scenarios, sell the mine to pay the debt.
Or run it to pay off the debt in full. In this case the shareholders will get the mine back, debt free in three years or so.
He is right will be much higher then that in due process once share go down. As stated needed to happen
We were expecting £1+ one year ago .with copper back to $9000/ton and we are producing 550 to 600 ton per month ,we will see our average by this summer even if they dilute us 10% .I still don't understand how much mess they can made when copper been under 3.50 only for 2 months.from last November they made 1 million save per month but producing more than last summer.last hedge was 3.49 with very low production and now even with spot price we are selling $4+ as an average with 3.77 hedge for 1072 hedge left .
We will see 50p+ by end of this year if copper stays 9000+/ton ( we are expecting 11000+/ton ).
The only problem in rmm is their stupid board of directors who were greedy last year not hedging when copper was 4.50 + and a liar ceo who interviewed in metal news how promising rmm is just before he put us in a hole .
Such a promising asset in the hand of a bunch of idiots to operate.
Also average 33p, not to confident il ever see my initial investment back
Average 33p
That's fair enough Moon. If you think icon can come back. I am not going to say it can't. That's your call.
I am however invested and interested in RMM. So want to see some kind of deal to sort this out. Preferably to allow some good to come of the excellent resourse and technicals, and despite the s*itshow of a financial story.
So in your opinion. How will this play out. What will be the deal. How will it open and when....
Put a bit of meat on the bones of your oft repeated ... "Best time ever"..... Either that or can it...
Why not let it go bankrupt it’s gamble totally but if I take off 0 it could be big pay day
I know but icon labs is gamble why work so hard and suspended share 1 year half come out it’s on main markets. U can’t do that.
Still not answering the question Moonie ...
Btw, as in my analysis the other day ICON had lost over 99% of it's share value on reopen the other day. It's now lost another 60% of even that low number from what I can see. Your boast of 50 Million shares there..... Which you couldn't possibly have got last year, as in suspension for 18 months (!)....
Are not worth much now at 0.006 of a penny!
In honesty am disappointed with certain things. I will process with certain actions. If continue certain way. Then I ask rest of us join me. But I’ll wait until then
Icon labs got 50 million on there balance sheet it’s 6pound rmm get everything in order
Cornish is mining expert he kwn how complex mining is how much it cost
Like pulling teeth isn't it...
How many currently. What average?
Am still down in red but not bothered at all. I really truthfully see that rmm in best situation than ever before. It had to happen. Give all credit to tb l. U really can’t have bankrupt company do everything in 2 years
Most shares was at 20p to 17p then top up lot more once we went down lot more. Because the chart guiding me. Now talks with tb have not been great as I expected but with crypto doing well I will be tr1 rns sooner hopefully with litecoin halving if goes correct will change everything. As am classed as whale
Not sold a single share Moonie.....
How many do you hold at what average .... Be honest for once.....!
I have my shares well u sold out panicked did not sell out. Chart guided me
Well I am actually holder here. Only difference is u don’t see positive we are in best situation ever. And not just that this is point we’re rmm be it’s true value
As mentioned in my post at the weekend. The longer it goes on the more suspicious it becomes agreed.
But till we see a proper & non holding update RNS. No one is sure whatever gets posted.
As to no posts. As nothing really to talk about with no detail forthcoming as yet. The swing traders am sure will chip away on the sell on reopen mantra as and when. Plus the Moonie with his...best time ever ( for the non invested !) bilge...
But for the actual holders here, nowt to do but wait it out tbh.
Cheers.
The longer it goes on, the more I think we are just getting screwed over.
Why would you be worried you don't have any shares
I’m waiting matey. I hope you’re right. Always had my glass half full
Be ready
No comments, positive or negative, for 48 hours……… have I missed some news ?
Well without 100 million we but slow progress. But not worryed at all. As said many time rmm in best situation. What don’t understand how u can’t see it they knew about it ages ago