Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I know more than u but just can’t say or do anything. Know 0 is also very convenient
Loon I thought you had all the answers, you have no idea what’s going on you need to stop with all your utter rubbish ramblings and do us all a favour and go annoy some chickens or what ever you do to have fun
What’s your cunning plan then?
Am not going anywhere this is best moment in rmm history this point we’re I be on rns by my holding once all done. Depend what they do my plan if it’s correct will make me and know very good amount of money. Question is what gonna happen right now
"Rome doesn't built in a day". The process of sale takes weeks even months before they actually do sale rns with offer .
you've been talking about a T/O since early September but no sign whatsover of that atm.
Copper is booming and soo will be $4+/lb and an T/O offer is coming .hence the suspension of trading ...not sure about 40p ,could be more I guess
Otherwise its just kicking the can down the road for another 4 weeks.
In an ideal world they would re-finance the exisitng debt and finance the ore sorter and other impovement to reduce ongoing costs and increase profitability.
Please explain why we need to raise $20m?...
You know that we don't.... don't you!
@moon - You have changed your tune?
Nothing is unreasonable the company be saved as said then bussiness as usual
The numbers just don't make sense. They could have done it a few months ago before they told us about their problems, but presumably the NOMAD (rightly) wouldn't allow it.
At today's price (pre suspension), to raise $20m. would require trebling the shares in issue (160m). At a plausible discounted price, trebling twice over. You would be asking shareholders to subscribe six times the value of their shares, just to pay the debts. Just not realistic.
They could do a rights offer. RMM debt free is a very decent bet. So raising £20m from existing shareholders would be not impossible to imagine.
Best time in rmm history
What is the meaning behind the 2nd RNS "Block Listing Six Monthly Return" - What is this? Sorry if I sound stupid I am not 100% sure what it is.
There are different reasons for a company being suspended. If a suspension is pending an announcement trading usually resumes straight after the announcement is made like in December 2020. However, how many companies make it back after announcing a suspension pending clarification of its financial position? Probably not many I suspect. See if you come find some examples.
I feel very sorry for shareholders in the company as at times RMM seemed to have potential as an investment. However, people were given a decent amount of time to at least recoup some of their investment prior to suspension.
On 9 September I wrote on this board: "Hope next RNS isn't 'suspension of trading on AIM pending clarification of financial position' but it is looking more likely".
To Be honest the only reason I want this to come out suspension is with a debt restructure package or for an offer off another company! Without a Solid RNS about the future I prefer to be in suspension so this cannot be manipulated down any further! At this moment in time based on what is happening and what we know suspension is the best option for us as shareholders to retain value! As mentioned before if this would have been leaked then this would literally be under 1p right now!
Rmm requested suspension on 3rd of December 2020 7:56am, trading was restored 4th December 11am.... Will it be as quick this time?
We don't have to repay the whole amount......just the first payment..
Factor that into our cash flow forecast and you have the placing numbers...
Doesn't need shareholder approval.....this is AIM
No worries mate....
Apologies Broker didn’t see your message
U see what u must understand tb done the most amazing thing ever getting mine at full production and have everything now. Just need sorting out. Simple as that. Best time ever for rmm
A placing of the necessary funds would need shareholders approval. Who would approve that which would wipe us out??
The placing needed to be done around 20p as many have already said. It’s too late for that now…..
Would need the agreement of shareholders via a vote if over 10% and depending on the size may get voted down if it means shareholders are diluted to oblivion...