Member Info for AJones

Shares across the board are being battered at the minute! I just look for the best potential and ones with the largest bounce and I can see RMM as one of them! No Matter where your invested I wish you the best of luck!

I thought the same. I think this will see 7p in the next few days. Then when it hits 7p, I think this will hit 8p etc! You cannot get credit for predicting that when the share price is just over 6p it may hit 5p!

Markets and commodity prices are crumbling today! There are a few buys coming in now!

It costs companies 100s of millions to find and then open a mine like this! At present this is worth £10 Million!! This is a fully functioning mine which is moving 7000 tons and has capacity with investment for 25,000 tons!

It is an option! I believe someone posted here a few weeks ago and mentioned investment from the US as they want to stick local with Mining companies and not rely on overseas mining companies. I will see if I can find the article and post.

You averaged down at a better time than me! at 6p Buy in this is a steal! Based on the credentials of the company! In my opinion this is massively overdone, and I can see it bouncing back to 20p very soon!

I am tempted to put some money back into Made as I can see them getting an offer of 10p! + I am just waiting to see where it ends up in the next few trading days before making any decisions.

Cineworld Yes, I have left my initial investment in and took a profit at 6p. I have just given up on the CINE board as it became more of a bickering board than a productive information Board! Made I sold out of at a loss and invested more in here to bring down my average as personally I think that this is a better investment and will make more money than made would ever do! RMM have considerable assets and once finances are sorted, I can see this doing really well!

You have said the below 290 this year or next! I am not sure how you ever got to them figures! And you have never explained how a mine with a turnover of $60 Million (Based on 7000 Tons) and a potential turnover of $215 Million (Based on them hitting the 25,000 tons they are looking for) Would ever need $290 million of investment in the next year or so! It really does not make sense! They are never going to ask for £290 million! Unless something drastically changes, and they make the find of the century

"Dnt need all of that simple borrow big cost save upgrade everything then we are ok. From begin always said 290 million not changing that. Not in one go. But it happen this year and nxt"

"No I mean 290 million why best we need upgrade tpd to 2500 we need ore sortor we need dig deeper and exspend the place we need electricity upgrade we need cost saving equipment asap . We need bigger time we need everything cost savings measures yes I contacted the company again waiting new response"

"Keep saying to u lot 290 million we need but we not getting that right nw. 50 million start then slowly more after"

Yes but not enough for a £200 Million raise :D

Contractor costs have gone up considerably! Across all sectors!

The mine can still be sold on as an Asset! The thing is it has assets, and they will restructure and secure debt against the assets! Shareholder fund at 30p a share you would probably just about breakeven but if it does go bust (Which I highly doubt it will) Then the shareholders' funds after everything is paid out will still be towards 20p + per share! The only reason it will not be if there is a few surprise debts or unpaid taxes that we do not know about!

Exactly and their balance sheet was awful and no one would lend to them based on them having excessive debt and no assets to secure debt against!

Rambler has $73 million of fixed assets to secure debt against as well as a $1 Billion mine! So please explain how these compare.

Oh Weatherly International Plc - A company that had a Turnover of $75 million debt and liabilities of $137 million and assets of $100 million with a total net worth of MINUS $10 million and a working capital of MINUS $112 Million! I cannot see how that is in the slightest comparable to Rambler!

Ramblers credentials - Turnover 2021 - $28 Million, Assets $114 Million, Liabilities and Debt $30 million and a total Net worth of POSITIVE - $73 Million!

Who? Ive never heard of them?

And what evidence do you have to support that statement??

I tried looking for them figures before and found nothing close to 60%

And your charts make me laugh!

Assets massively outweigh debt! I am guessing they will get the debt refinanced and the refinancing company will secure debt against assets! In my opinion this is a very low risk business for a lender, and they will not be too worried about lending money to them!

Bust? Really? Even if it does go under (Which I very much doubt it would) - They are currently priced at £11 Million market cap with over £114 Million in assets once long-term liabilities and debt is paid off the assets are still at £72 Million. Once administrators have took their cut and sold the assets at a reduced figure, I would say the shareholder fund would still be around £30/40 million which is still 3/4 x what it is today so we would still benefit from it. That is without selling the Mine which would probably be worth a considerable amount! In my opinion the chances of this going under based on current growth and turnover and future profits is very very low! They will secure funding, and this will carry on! I think the end of year results will be very positive in showing what this mine can really do and potentially do in the future!