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https://markets.businessinsider.com/news/commodities/charts--“almost-unattainable”-gap-between-green-energy-copper-demand-and-mining-supply-11817082
We are in the same boat as we were yesterday. The RNS is pretty much as expected. There is a few positives on their which I do like the sound of!
"Discussions continue with several groups, including Newgen Resource Lending Inc. ("Newgen") as the Company's principal secured creditor, to restructure the finances of the Company." - Several Groups (So trying to get the best deal for the companies)
"Operational performance has continued to improve once again to deliver increasing payable copper production of 1,654 tonnes Cu. Although working capital constraints held us back at the end of September, we have finished the Quarter well placed to deliver 2,000 tonnes of copper in the final quarter of 2022." - Once finance is sorted then in my opinion this should really start to do well!
The current share price of around 5p indicates an enterprise value for Rambler, including all its debt, of approximately US$40million. That is US$40 million for an operating copper-gold mine in eastern Canada with a billion pounds of copper in measured and indicated resource with significant exploration potential and several cost-reduction and expansion projects in the pipeline." This just shows how undervalued this is! Exploration companies spend 5 x that trying to find a mine as good as this! Let's be honest this is one massively undervalued company!
They have a chronic habit of deceiving the market.
Don't you find this rich from TB: " We are still strongly of the view that Rambler's current valuation represents an exciting opportunity and will update the market on the outcome of our financing discussions in due course."
The current valuation is from lying to the market! How is this exciting, really turning a massive ****-up into a positive. More deluded than Boris Johnson
It all comes down to the economics though AJ.
It's not as simple as comparing explorer Vs producer mcaps and saying one shouldn't be more than another etc.
Don't get me wrong, you can make money here. However ATM the cost to mine profitably at present is not economic.
Having an asset with x value in the ground is only half of a picture.
Clearly if you're invested in an explorer you can benefit from discovery and resource base. However as a mining company, as you progress further down the development curve, the investment focus then turns to the economics and financial feasibility.
I know it's illogical that explorers Vs producers can have this disparity but it's all about cycles and sentiment. A very common, well accepted example, is looking at the lassonde curve.
What the asset needs is a large capital injection to bring down the c1/c3 costs massively.
The asset and jurisdiction etc isn't questionble but the investment being made here is into Rambler.
The question is can Rambler make this asset in this jurisdiction work. I suspect they probably can, albeit at a cost to shareholders, however I'm not certain they can do enough to really do what's needed for the mid to long term.
I do think if the news is right a short term gain can be made here. I wouldn't be looking at this as a hold stock though unless they had a very robust plan and the ability to achieve it.
Atb
I personally think they will look to restructure the debt on a long-term basis bringing down the monthly payments considerably making the day to day running a lot more profitable! Yes, they will pay more in the long run on the debt as the terms will be longer, but it will help with cash flow!
7 party interested face fact guys it’s all gonna happen
What’s going to happen?
Moon - why do you say 7 ??
The RNS says several not seven??
Moon bro the rns says there are several groups they
are in touch with, including newgen , woth whom there trying to resolve the financial issue they find themselves in. That doesn't mean theres 7 differnt groups bidding for rmm.
Stick to mining crypto bro, you do well doing that. I suggest if you cant read or write it will cost you to much money in the end. No beef though you make the bb interesting if anything. To be fair i think your a good person and mean well.
Well the rns was amazing look at what they saying same thing going to Happen. How westface one debt to another debt payed off. Just look and understand. Not that hard
Theres short term debt’s that need to be paid and we're skint.. what's up?
I really can’t believe it it’s best best best best time in rmm history just wait end of this month or nxt I be up there.
Just wait end of this month or next, says the oracle. For a month it's been next week. Anyone would think he's guessing. If I say it will rain tomorrow I'm going to be right fairly often.
Talking about my holding then rns will come out with my name. That depends on how next month ends for me
I think if an RNS has moon's name on it I would be very worried
Trucky, sounds like you are a little jealous of moon.
apollo123 i'm jealous of no one, but moon says "RNS will come out with his name on it" that's worrying
This month or next my name be on rns my crypto move slowly getting there
I said at end of year when my name on rns slowly take control that promise
RNs will say..... we're over the moon that we've sorted the debt....
Not yet as said but it will happen depends how everything come together
Moon -
Thomas, whats your surname?
Martyn
Goingtomoonufo - would you care to elaborate on your unsubstantiated claim?
You say you will be on an RNS soon, Thomas. Are you saying you are on the board or buying the company or lending them money? Which is it, Thomas, as all thesw things would require you to sign a non-disclosure agreement and you wouldn’t be allowed on here making wild claims and alluding to such things? Would you mind enlightening us further?