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This has really ****ed on my chips today
I’m so f…ing angry with how this has turned out. A conveyer belt of **** after ****.
"Rambler appreciates the ongoing support and commitment of its employees, service providers and suppliers."
....all the shareholders who lapped up our at best grossly inaccurate and at worst deceptively misleading communications, well, you can go f7ck yourselves lol
Yeah. It's looking like a bu*mer.
I am pretty close to researching on HMRC how to declare an article of negligible worth. So if accepted to use the loss to offset other Capital Gains in this and years to come elsewhere. I think that says where I feel this is most probably going now very sadly The bulk of my holding though is in ISAs. Where even that course of action is irrelevant.
Let's see. But the lack of that further hedge as Cu hit 4.20 the other week was a big red light to me as said previously ...
I am still confused by that Nomad interview as suspension started though..... He seemed pretty chilled about it all, and should know more than all of us.
But I supposed he was looking at the interests of existing share holders..... Not those to come!
It's a game to speed financing deal .
Waiting continues... come on BoD, put us out of our misery already!
Is this the end - or will Newgen refinance on what is, fundamentally, a valuable mine producing a sought-after metal the world needs for electrification?
I am very positive
OK Moon. I will play the game.....
So if so positive. Why did they now further hedge at 4.20+ ?
If you can't answer that. Then what makes you positive after the last two blows ( not delivering the Au, and now closing production).
For normal people that seems negative tbh. As much as those invested would like to see it otherwise
But you know .... What?
What is missing, I think for the first time is the sentence "However, there can be no certainty at this stage that Newgen will agree to defer or reschedule the repayment of its loan". I'd like to think that that implies things are about to be resolved, obviously not to our advantage... no mention of any thank you to the shareholders for "bearing with us"; never any acceptance that management were at fault for misleading the market, failing to hedge at a high price, or raising capital when they could have. Just confirms that they don't understand capital markets or give a flying f*ck about the owners of the company. Whatever the outcome, I am going to keep my shares at least until I can vote them against the re-election of any of this appalling BoD.
A good spot.
I guess another way of seeing it, is that.... If it's about to be sold at a bargain price, to pay off the creditor(s).... Then now no need for them to be mentioned as re doing a loan...?
Am positive nxt bit in play. I was disappointed with certain talk … So my point are path was already been discussed. Long ago not finical advise
Moon you have knowO’s number. Call him.
Hi Strummer, I have worked for a couple of Canadian mining companies, and I am pretty sure I am right in saying that Canadian law intentionally makes it extremely difficult for a creditor to sell a company's assets to repay a debt, more difficult than most other jurisdictions in the world. Which is why I don't see a firesale of the underlying asset as an option for Newgen.
if it was going to be sold off next week why suspend production - any buyer would not be happy to see unnecessary uncertainty with the markets and creditors and suppliers..
I agree with Iluvise68. This is just the latest in a string of errors/bad news and it's only a matter of time now until the inevitable happens unfortunately. Any potential buyers will surely be put off by everything that's happened.
It's a massive shame that it looks like it will end like this. Personally I'm pretty cheesed off with BoD, I feel like we've all been taken for a ride and their communication when it really mattered has been poor to say the least. But hey-ho, it just goes to show, you do your research and put your faith in the people at the top but there's no guarantee that everything will work out.
I've always sat in the background but if it does all go South (I mean we are already in the South Pole) then I will miss this board. It's provided years of entertainment!
Brad mills just let mine go like that ge largest shareholder
I think it was mentioned before there was a group of shareholders in a separate chat group and with some contact with our CEO. Does anybody know of this? I think, there are very serious questions to our CEO over his communications shortly before announcing financial problems. I am just interested in hearing what people thoughts on this are and what avenues are open to the shareholders.
But moonie. You keep telling people that you know. That this is the best time ever in RMM history. And that know0 knows as well. Bit strange that bit considering you would never answer when he called you. Looks like your TR1 is out the window now and your nearly 10% owner ship with that. But you know , you know and still know nothing