Member Info for 1nvest

My reading is therefore based upon the last 20 days trading the company can purchase shares at 90% rating therefore approximately 7.65 based upon 8.5p. Why purchase at 26p when they can be purchased significantly below this price. Correct me if I'm wrong

Sam that really makes no sense. You convert low so getting more shares than if you converted high. You them keep your shares whilst price increases (like your suggesting they will) and you sell at a huge profit as your no different to any other shareholder. Why would you convert when price has increased?
Atlas could not convert previously as price they would have made a loss on conversion. This may be a possibility with consolidation of shares. Once again if this is the case why would you buy when conversion by Atlas is likely.

Sam the only reasons Atlas to wait until later in the year to convert
1. Expect the share price to drop further and therefore receive more shares
2. Expecting another dilution by Vast to continue turnaround and therefore once again receivingore shares before converting

Other reason not to convert:
Atlas no longer believe in Vasts turnaround and therefore wants the money back and as a lender has first right to recover money

What other reason can you see for delaying. I really want to know as was looking to invest but cannot currently see a reason to do so whilst Atlas debt hangs over the company.

Sam, are you really trying to mislead people to try to get them to invest. Vast may not need any more for developing mine but this doesn't take away the FACT, Atlas has the ability to convert the money its owed by issue of equity which would substantially dilute existing shareholders. Hopefully it doesn't come to this but if I was Atlas and seeing increasing Copper Price I know what I would do!

That's been the story of this share. It just goes down and down. Been on this downward spike for months and years. Dilution after dilution and incompetent board has just made matters worse. Trying to get a mine back in order during a pandemic when you have not visited was a disaster. Following this failure by AP and the board have now got a mine manager and a new plan in place. There could now be light at the end of the tunnel but Atlas debt and BoD instil no confidence. I have now decided not to invest recovery confirmed and Atlas debt resolved. Yes I will miss the bottom but who knows what the bottom is. The way SP is going Atlas may be able to convert and own most of company diluting SP. Will continue to keep a close eye. I still have a tiny holding here which I'll keep in as gambling punt.

I have sold my holding earlier this year but if I still had a significant position I would be looking to engage with shareholders to put in in a civil claim against the directors in respect to not fulfilling their duties (being negligent) in respect to running the company on behalf of the owners.

This whole business looks to have been a last thrown dice but what has the BoD done to justify their positions in the past 12 months.

Wall Street natural resource investment house Goehring & Rozencwajg Associates confirmed their place in the superbull camp this week, predicting a copper price north of $30,000. Looking at $15 a lb. There are still more bears than bulls in respect to copper price predictions but there is the potential. How would that transform RMM share price. I like to dream on weekends.

Solid company which unfortunately has been marred by the SFO investigation. This SFO investigation was warranted but has led to hundreds of millions if not billions of damage to the company in lost tenders. The damage done to the company may and has led to the lose of many jobs across the world and in Great Britain. There should be an end to this investigation in view of time taken and damage being done to the British economy, especially as the people concerned are no longer working at the company.

If a fine needs to be made so be it but a line needs to be drawn under this investigation. British companies need to remain competitive and not held back whilst adhering to UK laws. Enough is enough but will the SFO bureaucratic process be allowed to continue to destroy another company which has been world leading.

Actually really does help. With copper prices increasing viability of recovery improves even more and options on how to raise funds becomes easier with returns on investment improving. Always going to be certain issues short term but longer term looking even better with increasing price of copper

Broke through all time high.

https://www.mining.com/copper-price-hits-10000-again-as-chinese-investors-unleash-demand/

Mining on course to restore production by end of year which is great to hear. Mining is never straight forward but plans in place to restore levels of production to 2019 on course. Total production down on previous estimates but 2021 all about recovery so looking good for 2022.
Finance needed to complete recovery work so interested to know how this will be done. Looking to potential sell interest in Little Deer and Whales Back whilst maintaining an interest could be one way as noted. Will government assist with development finance.
Looking well placed for 2022 overall.

HELPME01 - the way your comment came across looked like a general ramp, like a RNS was about to come out yesterday. The BoD will release updates in their timescales and they have already advised this is approximately every 3 months. One could be due anytime in the next week or two based upon prior updates. Its not cast in stone.
Today's chat is about RNS which could prompt next rerating of share provided its positive, fingers crossed.

Totally agree. Was thinking the same when reading. Looked like listened to a podcast and thought let's write an article. Risk with any mining company but where is the significant risk?

Main thing is exposure investors can then make up their own minds

Positive news article on turnaround. All news brings further investors and should see strong price recovery. In addition lots of investors sitting on sidelines to check progress before investing. Totally understand their point of view but from what I have seen to date company is making the right decisions to get company on track for 2022.

Looking forward to update against plan.

https://www.google.com/amp/s/uk.finance.yahoo.com/amphtml/news/why-rambler-metals-mining-rmm-105217847.html

Latino, currently that's all it is... Hope. The company has been very clear since mid last year about potential reserve position and dilution of shareholders position later in the year. There has been opportunity to sell shares since which I didn't take until February/March as I was also hoping. Looking back should have sold earlier but couldn't believe the reserves position could be so wrong. My advise is to follow the RNS and not to live in hope of a recovery based on no news to substantiate. I could be totally wrong but I know I have more than made up my losses elsewhere (RMM in this case) rather than carrying on with Hurricane where BoD have no cards to play a strong game.

Unfortunately it's the way of the world, where the those that have provided credit need to be paid back first. Those that set up the company or invest into it hope the company is a success and therefore make the most gains but ultimately pick up the risk when things go wrong. We hope to double quadruple our money but with returns like this we could also end up with nothing. I'm invested in a few companies like this and know if it goes wrong it goes badly wrong. All the best in the future

Lol, expecting price to well in excess of 10p. I expect will be around £1.25-£1.50 by Christmas.

Lol

I'm fairly confident price will be well in excess of 10p but this will be due to consolidation of shares. The company has had a number of share placings and therefore drop in price. Lots of potential in RMM but its about the plan going forward, not what has happened in the past under previous management.

My two pence is Rambler (RMM) as per my suggestion when first selling out of Hurr but as always do your research