Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Thank you RBM and CAG. Brilliant.
Also a lot of my questions answered in this thread which is reassuring.
Thanks for replies and giving me a better understanding. It makes sense and I will be patient from here on.
I assure you I am genuine. Sorry, I’m just frustrated as hell as everyone is.
Regards
i have sadly been invested here for a while. my original input of £120k currently has a value of around 300quid. so pretty ****ed at the bs that led us to this.
unfortunately, i am involved in a very similar situation elsewhere. it has taken many months to get to where we are now. there is a chat platform for proven holders to discuss the action and a lead group of about 10 that do the majority of the legwork. it isn’t easy. also the lawyer have been looking at the case to acertain whether or not they have a strong enough case, 60/40% certainty of success is the criteria to take the case on a no win no fee basis. this has not come without cost. we have paid several thousand £ to get here. for us it has not been without cost, although very cheap to the masses.
my point here is this rbm shareholder group, that gives no information, does not reply to messages etc. how did they get to this point so quick, there will i’m sure have been costs. who paid it? …….. it all seems very wishy washy. how does it work for others if successful. we have had to prove our holdings to lawyers elsewhere to be part of the case.
i get it if this is an attempt to scare the bod etc etc into changing tack. it’s not working. and it won’t work.
if there is a case to answer to here which i am sure there is then i certainly want to be involved with a class action and big group intent on punishing the crooks that took our hard earned cash. it needs a lot of commitment, a lot of work and someone at the helm who knows the ropes to keep the costs down. that person is certainly not me.
Hi. Not wanting to be pushy as you have indicated how busy you are. Just wondering on time scales to join the group as I applied a few days ago and not heard anything as yet, or has my application not reached you????
I have sent details of holding as requested. Hope it gets to you. How long before I am vetted please so I can catch up.
Thank you.
Hi I haven’t looked in here for a while in disgust at what has been happening to sp. 100k invested now worthless.
What is this class action business about and how to get involved? Link?
Strummer.
My thoughts would be pure speculation, so irrelevant really.
My hope is that EVERY PI gets their money back somehow.
And whoever didn’t do the right thing for RMM gets their comeuppance via the courts.
Sadly there are many here whose lives and minds have been adversely affected by the greedy few. The stories are heartbreaking.
Good luck to you and every Pi.
For those that refused to commit an ounce of effort with RIG when urged to do so (on countless occasions), check out the story, ”THE LITTLE RED HEN”.
I posted here long ago you’ll end up wanting to eat the bread.
The big bully superpower Russia thought it would rob the far weaker less equipped country of Ukraine of all of its possessions. They lied to their own loyal people of its dishonourable self fulfilling intentions, ruining the lives of many and cramming more wealth into the pockets of the greedy few.
The greedy few whose pockets were already crammed with more loot than they could ever need just wanted more at any cost to the people. Absolutely no concern who they take down on the way.
However, the Ukrainian people are having none of it. They are planning , they do their homework, and they have found weaknesses, mistakes, and they have allies.
The pure injustice has united the Ukrainians and their determination and will is unprecedented. The Russians never expected any resistance and although the counteroffensive hasn’t begun, they are probably regretting ever choosing the path they have taken.
Ukrainians are working very hard behind the scenes in preparation to take back what is rightfully theirs.
The counteroffensive has not yet begun, but it will.
SLAVA UKRAINI
Together we are strong.
SLAVA RIG.
VOTE NO
To be sure that my vote will count I voted again anyway. I wasn’t told otherwise by my broker so a good move I think. I wouldn’t trust for one minute any advice from the greedy basturds.
.
No to all from me.
Ever watched your dream tickets erode away. Billion £ company sold for peanuts?
A similar story at RMM where true value is a best kept secret . A large number of ordinary shareholders in unison have banded together to ensure true value is achieved should a forced sale happen . Follow the story. See what can be achieved using strength in numbers.
https://wikipenny.com/showthread.php?tid=2
Sorry to invade your bb but we need all the exposure we can get. Please show your support for shareholders in general by at least sharing the web page above with a couple of friends.
Thank you.
To ensure that the company's shareholders that have funded the substantial turnaround efforts of the last years are given the best possible outcome if an actual sale is pursued, we recommend that a smaller Canadian mining-focused investment bank be used to sell or at least come up with a marketing document to better help advertise the asset given its unique nature and superior potential. RMM has flagged that the "resource base at Ming Mine could be sufficient to support an operation 2.5 times its current output (?20,000 tonnes Cu p.a.) and still have a +15-year mine life. It is essential that RMM shares do not go delisted on the AIM stock exchange, which there is a risk of happening in late April (reducing the company's options unnecessarily). Therefore, it is important to consider all options available and make informed decisions that protect shareholders' interests. Ideally by capitalizing on the recent strength in copper prices a solution is found to reprofile creditor payments making them more managable (whilst covering their full outstanding value) allowing Rambler to continue to operate independently. This would provide the biggest benefit to all stakeholders. As highlighted there are many options here to make the business work and succeed."
Not financial advice, do your own research.
A basic on the present situation, from RIG:
"We, the Rambler Investors Group (RIG), have been following the recent developments surrounding Rambler Metals and Mining (RMM), a copper and gold mining company based in Newfoundland, Canada. It is our view that RMM is a unique company that requires a different approach to the usual CCAA process cases.
RMM's financial distress is due to balance sheet and working capital mismanagement, rather than the assets themselves or the operations not being economically viable. Rather than simply selling the business for the value of outstanding debts, we believe there is an opportunity to at least sell the business as a whole utilizing a proper marketed disposal process. This would allow for the settlement of all outstanding debts whilst offering a return to ordinary shareholders. RMM would make a very attractive acquisition target as it also has substantial deferred tax assets ($32m at the end of 1H22) that would be highly monetizable by a buyer covering most of the outstanding debt. There are several factors that support our view.
First, it can take a very long time to develop a fully functioning copper mine (up to 20 years), making existing mines like RMM's Ming mine a valuable asset. Second, the cost of building new copper mines has increased significantly (more than quadrupling since 2000), making the cost of developing new mines much higher than in the past. Third, Canada is a triple-A credit rated country with very clear rule of law, making it a stable and safe jurisdiction for mining operations (most future mining projects are in developing countries). Finally, RMM's copper resource is of high quality and grade (~1.8% grade of Ming mine is 3x the level of operating mines and 4x the level of projects under development), further increasing its value as a potential investment. In addition, there is also a second major copper asset RMM owns the Little Deer Complex, which could be further developed.
We believe that there are several options available to RMM that would benefit both the company and its stakeholders. These options include a sale of the company as a whole, an equity raise benefitting all shareholders, a convertible debt issue, or an operational turnaround strategy (helped by copper prices that are near all-time highs). Valuation approaches like net asset value, resource based, peer group comparison and multiples based like EV/EBITDA all support a much higher valuation than the current debt outstanding, making it clear that RMM is significantly undervalued.
Cont ..
RNS a day later than my prediction. Doh!
Good or bad??? We know what’s going on.
As pledged, if I was wrong, £100 sent to BHWT on Saturday.
50 chickens saved from slaughter.
P.S. of course we are interested in your holding as we are in everyone’s but that does not make you either special or pivotal to our ever growing total.
Your choice mate. You will be welcome.
Strummer.
There are people on rig who are working extremely hard to get the best for all holders here. Please don’t say they aren’t. You do not know. I do.
The presence of rig and our findings may have already helped your investment chances.
Going forward you may well benefit further from our hard work and tenacity by sitting in the sidelines and not lifting a finger, great if you do, it’ll mean I have got my money back. We want everyone’s investments back.
Your views towards our group which you have basically stated below as I’ll take my place at the table when the dinner bell rings ain’t too appealing.
It reminds me of story I’ve never forgot from my childhood………. I bet you’ll be happy to eat the bread eh mate.
You are of course as welcome as anyone to join us, but as you choose not to please respect the rest of the group as a whole and don’t judge us on one members bad choice of words. We have around 70 members now.
All the best.
Somerset. Holding size is irrelevant. We are all equal on there.