Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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
For the avoidance of doubt, I have never spoken to Moon even though I have offered to
Kind regards all
Thank you !
link to join:
https://discord.gg/zdpsYrME
I joined via a link sent by the group - I will see if one can be made available by the powers that be.
Been following your posts for a while. I appreciate the need for diverse perspectives. As a long term holder and up until recently very bullish , im interested in the discord group. How do people join?
Copper about to have it time
Cheers for calling him out, Shorty. An apology would be welcomed Chopper for spreading misinformation. Maybe you could get a job with Donald Trump?
Avg is 17 then at 3 to 4. At one point higher. Dwn still but not as bad as before.
On Uni Quiz Night - your starter for 10! Who wrote the following?
"Regret not researching and feel a fool for not. Can’t see it ever recovering so no now written off the money. Lesson learned". (On 7/10/22 at 09.00)
Answer:
None other than MarcusExile who is now telling any worried RMM holder to "give their head a wobble" and "needs their head testing"
Was Marcus talking about Rmm or was he talking about a different stock may be cdl. If your gona try bull****ing at least get your facts right. ****ing lying ******!
GoingToMoonUFO - if you don’t mind me asking, what is your average with RMM and how many do you hold? You’ve been around a while so interested to know how invested you are?
Moon, if you don’t mind me asking what’s your average in rmm? I know you’ve been here for at least 2 years.
Go on moon you tell them :)
What people hate is don’t like what I say. But can’t. Change tht.
That`s fair enough - I am sure a lot of other PI`s would join us in blocking anything not in our interests. Appropriate dilution at the right time and price is different from mass dilution at a low price - that`s what the Rambler Investment Group are trying to prevent.
regards
Me and know are hit badly but It really don’t bother me at all shares get less not bothered but with my new price in and even after this and going there. Am very happy and tb done amazing job all around. Just shame no one can see it
Cheers @Mad.
Fyi. I still hold 0.57% of the company. Until and unless further dilution occurs of course......
My honest thought is that dilution will come sadly. I can't see how they can not encompass it and meet their commitments still.
In terms of other forums. With a number of other mining (and unrelated) shares, and this is far from my day job, frankly I simply don't have the time for those specialist forums.
However. If guys that do are organised and asking the BOD good questions, and it came to adding up the shares as a block to approve or oppose something. Then I think if you read my posts here you can see where my support lies.
Have said it before, but it's now far more acute. TB and co need to prove that they can reclaim the ball they dropped big time. Assuming of course that they have been honest with the mistakes made I'll be the first To be happy if they can.
Enough from me for one weekend.
Regards.
Hi Strummer,
Just to make you aware there are several far more knowledgeable and more directly involved with organising and communicating with the board than myself. Most on Discord share your views that they let this **** show happen through bad decision making and lack of financial control - whether deliberate or not who knows. Would you consider joining Discord as your number of shares would further increase the percentage that the Rambler Investor Group own (if it is not too late to join - I can find out for you)and you can have fun going through the many postings by the Group. We have about 50 or is it 60 members who all submitted representations to the BOD that we would mount a legal challenge as a Group if they took certain courses of action - they told us that the size of the group took them by surprise. Please consider it ASAP.
With regards to Moon I do not tolerate fools and I have never understood why people bother with him - put in a green box where he belongs and leave him talk to himself - which he probably does anyway!
@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.
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.
@Redkite.
And suspect that he's right. As I said below. If you hold no shares, but are prepared to wait to see the financial fallout. Then there will likely be a very nice investment opp for when demand for Cu really kicks back in.
Which frankly, is exactly how many of us saw it once the mine was begining turn around a couple of years back.....
Fact remains that Mr Moon's true colours are clear now. He spent ( during my time invested here at least). A year pumping it like mad. Now we assume selling out and rebuying on every spike and drop.....
Then a second year talking it right down. Despite the clear technical progress. During this phase, you have to assume he had made his profit, and now wanted the price as low as he could to try and get to buy back in....
Just so happens that Mr Bradbury was (presumably in ignorance of most all of us, and him!). Doing Moons work for him by totally f*cing up the finances alongside his strong technical work sadly....
Great for Moon if barely invested, and makes sense now of his volte face on the share over the last 2 years.
Like to be a fly on the wall now, given what Moon has said today on that "chat" with Know0. Since if he is also to be believed. He holds now still over 1M+ shares here.
Moon may not care about the fate now of his small remaining pool. But am pretty sure Know0 won't be too happy them being turned into confetti at the alter of the Moon ego and his duplicitous strategy....!!!
As ever. On AIM. Trust no one. Especially pumpers turned dumpers.....
Ho hum.
As crypto has gains so much iconic labs coming back to market with my investment so much there. I don’t care abt my holding being less don’t bother me. With everything I have seen and new money they get. I be buying in even better price. Long term fine. Mid tier never forget that.. this needed to happen really a start of we’re rmm going to be in future. Tb done best job ever. Remember 2020 company was falling apart. Now they fixed everything. It’s new rmm. Really is. Crypto continues well bingo
@aubery.
Exactly. Moons whole view is looking at someone with no current shares. After the dust clears. Yes invest in the new financial position cos it's a great producing resourse. That if run financially prudently can make a lot of money....but, for existing share holders like most of us.... Maybe Moon just has cash now having traded out his past shares(?).... For existing large, medium and small share holders..... How do we see the long term benefits of the financial miss management means we get wiped out.....
He, and his ilk ever addresses that one. And it's the biggy...
Moon
You mean the mine is the best it’s ever been, the mine.
The company is in dire straits with the balance sheet absolutely shot and unable to service its debts with huge uncertainty on whether it is a viable going concern.
There is a significant risk existing shareholders could get wiped out or significantly diluted in a capital restructure .
TB has done an appallingly job as CEO and has been left to spend spend spend….now it’s time to pay.
Sadly it looks likely that it will be shareholders who take the brunt.
As you are so optimistic and confident… roughly how long until a shareholder who paid say 25/30p gets their money back??
We was not misled. How do u exspect a campany. With only one area to dig. Now they have 4 can’t exspect everything in one go. Tb done amazing job really has. He turned around ming mine to highest it ever been. And u exspect they can pay. Debts on top in possible. Yes they need lot of money yes they need to sort out their debts. But company in best it’s ever been. It’s mine that can mke lot of money with new machine well best ever.