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RMM mined around the same quantity of copper in the last quarter with 20% less staff, its called being more efficient, FACT.
100 Hours of downtime and they still produced the same quantity, FACT.
No one knows what the actual costs are for the last quarter, only wild, wild assumptions, FACT.
Last 4 RNS's have all been positive, RMM chose to suspend their trading, it was their choice to stop the market manipulation.
Yugo,
RMM certainly deserve credit in the improvements they've made in the mining operations.
However despite the operational improvements, the fact is the costs are too high and their grasp of their general financial position was poor.
Their are in default with suppliers, they have been unable to repay the debt burden and they stopped trading not due to market manipulation but pending clarification of their financial position.
I don't say this with pleasure, or an agenda. I am simply calling it as it really is.
I genuinely hope they manage to resolve the balance sheet issues they face for existing shareholders.
@fuku.
Nice to see you still keep an eye out on this share. I agree with your (as usual), levelheaded views tbh. I initially was pretty sanguine ultimately about the outcome of my investment here. Despite the total financial screw up they made.
However, & realistically the longer it drags out. The less optimistic I become. Which is a terrible shame given the progress of the turnaround, and the in demand resource base, that whilst bumpy was starting to really deliver in Q3 last year.... And then....and then..... :-(
We will see. I guess we are due a TB RNS pretty soon on where it all stands. I just hope he says something to clarify what they have been really doing for the last 5 months. Not another wishy washy update.
Be nice to resolve this one way or the other. So many can move on. Not least the tedious agenda driven numptys you rightly commented on.
Regards.
This 'nice guy' is 'checking out this share' as he had an investment here. I know the situation, some of the people on this BB and like to check in and keep an eye on the situation. I'm interested.
I've absolutely no requirement or need frankly to justify any of that to you monkey, but I did and won't justify it again.
With that said.....regarding....
'Hey fuku would u think its a good idea to sell all you shares if only a small share issue comes out to start??? Or would you leave your entire stake in the game my man?'
My answer is
1. Rambler is suspended and I have no magic wand to make or lose money here.
2. I would like those with a position in rmm to get out of this without too much pain, or dilution. But it's a very bad situation.
3. What I 'think' is a good idea or what I'would' do is of no relevance to what others choose to do.
4. Any dilution would be announced with very little existing shareholders can do to stop it and save the company/their investment. IMO.
5. If i had to decide if I held or sold a position is irrelevant tbh (as per point 3) but I personally would base any decision on the root causes. For example what's the c1/c3 cost look like going forward, do they have a viable plan to reduce them and do I believe the terms of any financial resolution they make are viable and sustainable.
I shared my views monkey. It's very clear what I think no zig zags at all. Regarding what others do ,it's always a decide for yourself.
No zig zag at all.
You have your views. I have mine. John doe has theirs. I'm not afraid to share my opinion if I was I would say what I've said here yesterday / today. I just respect it's only my opinion and it's not a pre requisite to share my views in a rude way.
I've always no need to tree hug. I can't shoot straight. I just choose to me more considerate and provide some context, given the situation people find themselves on here. Try it one day, you may find your points at more accepted and engaging.
Atb
FFS let's try that again....ignore my last garble, edited below. Must proof read more :
I shared my views monkey. It's very clear what I think no zig zags at all. Regarding what others do ,it's always a decide for yourself.
You have your views. I have mine. John doe has theirs. I'm not afraid to share my opinion if I was I wouldnt say what I've said here yesterday / today. I just respect it's only my opinion and it's not a pre requisite to share my views in a rude way.
I've no need to tree hug. I can shoot straight. I just choose to be more considerate and provide some context, given the situation people find themselves in here. Try it one day, you may find your points at more accepted and engaging.
Atb
It bothers me not at all what others think of my posting style. I'd rather be polite with an opinion than rude just for kicks. I've said nothing weavy.
Let me make it clearer for you understand as comprehension doesn't appear to be your strong point.
Ive said; it's a bad situation, there is little to nothing investors can do to avoid dilution if it comes; costs are king to future viability; I think you're generous with 15%.
I'm afraid I have a life and so I think I'll get on with that and leave you to your boredom. Go hug a tree.
Bye