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Debt deal done .I'll not sell my shares anything under 40p within this year .wait and watch
If rambler can manage refinance in a favourable terms and in longer time, even with 30 to 40 percent dilution we will see 40p by q4 2023 as copper will be $4.20 to $4.30 range ( it could be 4.70+ by q4).
We have a operative mine of 600+/ton once working capital problem solved .remember we were talking about £1+ last year this time with 3.49/lb and 200-300 tons of production .
As someone said even in worse case scenario with 100% dilution rambler will be a 100 million company with 324 million shares in issue which will give us 30p+ /share.
We have 1 billion pounds of copper in ground which value $4 billion+ with more explore opportunity .
I am still very very positive about rambler and TB ( he done a great job in production side which is the main factor ).
People who chatting rubbish don't have any idea about future of copper in coming years .
DYOR and GLA...
@ftse.
I think anyone invested here for any length of time knows the potential of the resource, and if Cu prices okay ball where it could have gone.
But the huge issue now it strikes me, and given all the ongoing financial reveals ( more bad news today). Is just who has this been setup to benefit. The existing company owners (us shareholders). Or another party who in light of the way this has been ridden to the cliff edge. Will benefit.
I am more and more of the view that this has been managed. But not for the benefit of the existing holders.
I guess with the mine on life support only this week. We may learn something in the next few days now. They have said they aim to restart production by Friday. If they don't, they will have to RNS an update on the plan one assumes.
Cheers.
Well money that I was going to give them. It never happened like this. What kinda setup have they done
"People who chatting rubbish don't have any idea about future of copper in coming years ."
I think that copper has a bright future, but there are no guarantees. Indeed it might be that the current price already reflects the benefit or global electrification and other factors, positive or negative. Lenders aren’t going to stump up based on a bullish forecast of the price of copper.
Our market cap at the price at which we were suspended is £9.0m. We need multiples of that for a secure future. 100% dilution is not the worst case scenario.
By them stop mining what are reasons as they will lose more money day to day.
Am sorrry ftse but I kwn hw much i I was offering not 100 pounds it was enough for company to do what was needed. So to shut me down. U can’t even whn what happening anymore. Unless they wipe us out.
I can not possibly see 40p later this year, or ever for that matter because RMM will not survive this. Even by some miracle that they do, who in thier right mind would even invest in Rambler again?
Unless wipe out I still exspect that but only if we get money stated . Am cool with that
The money is not coming, they dug themselves a hole that they cannot get out off. A mining company should of known better!
Can't believe people are talking a value of 40p, if (a big if) this business survives current ord. shareholders will be the very last on the list to see any benefit. I have mentally written off any value, it is extremely disappointing, but this incompetent BoD have done an awful job, which is becoming ever clearer by each RNS released.....