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The company has to do whats right for company right now!
The state of the financial side of things today was the same as yesterday!
The difference is rambler had to make some difficult decisions to get this company back on track and the conclusion is still not fully decided.
Don't panic as you can have further regrets down the line.
I'm holding out and riding the storm
I personally think we have great foundations here once the debt is managed correctly imo
Why trash share price though, if you announce a raise or loan deal fair enough, today just raises some quite serious questions.
6,585,595 is our debts at moment
Investors will see this as a work in progress opportunity!!
It must be higher than that moon, thats bugger all really.
They can turn this around
well there website looks quite good anyway
that must be worth something
https://www.ramblermines.com/
They can but we need clarity, that RNS was shocking quite frankly, I'd be embarrassed to put something out like that.
The asset is massive, they just need to turn it round.
I never realised the insane rate they (ie we) are paying Newgen:
Rambler Metals & Mining PLC said Friday that it has closed a $22 million loan with NewGen Resource Lending Inc. to complete the development of its Ming copper-gold mine in Canada.
The mining company said that the loan note will be closed in three tranches, matures in three years and bears interest at a rate of 8.0% plus the greater of three-month Libor or 1.75% per annum.
10%+ per annum. Yes we need to recapitalise...
Good post west ..its way overdone .once we inform market that we produce 700 to 900 tons per month with rising copper price in near future we will be 40p+ quickly.
Company need few millions for capital development which will strong company's financial position .improving in production side is going on and cu will rise significantly in coming months .
I think by same time next year we all will be very happy .....remember TB said it much more better than people think ...I believe in TB and rmm ...without knowing how much money they need and how they manage it (placing or loan ) ,people just emotional and sale .copper will be bounce hard and rmm sp will bounce very hard as well...
We are about to be bought out.
What better way to create a reduced to clear than that RNS.
After today who knows about being bought out, what price to put on this now
Yes kinda right but I believe newgen will give them big money I also said we need it asap. If they get 50 million then am okay. Read in between lines. Last update talking abt scopes and better grade new drills to save money. Basically they showing market the mine is up to date can produce it. They then crash price so people give them money maybe ce11 or west face or newgen then rmm moving full time. Or company come in take 50 50 does little dear aswell. We got asset grade scopes. Trucks. Ce11 still here others dnt care to much Brad milk no idiot
Also rmm goes new places advertise rmm. They done a deal behide close door look at there website rmm best place to be grade mine up and running look at interviews tb did. Dnt be fooled. It’s best thing ever happened.
Moon I admit you were always right .last few weeks you were shouting placing is coming and we laughed at you .last investors call tb said no more dilution unless ore sorter .today's rns is worst I have ever seen letting market know they need money but don't inform how much or how they will manage it .completely unprofessional .
Moon where do you see rmm sp in 1 year from now after dilution or loan or whatever they do to going rmm forward...I think ur prediction will be more sensible than any of us as you proved before .