Monkey posted. 'Better yet do some research and dont listen to anyone. They all got Agenda.' Thats true and yours is becoming more obvious with every posting. When did you have your light switch moment and go from ramper to miserable so & so...? Monkey, your postings have made my day, thank you. Better than Morcombe & Wise re-runs.... Good luck to you, I hope your plan works for you.
Congratulations on learning how to use the spell checker.... 'Too many dreamers here really. Read what bridge loan is. Not greatest... Rmm can't start paying debt not good. All build up. Can work both ways'
West Face know RMM better than any of us and have just leant another $500k, NewGen have lent $500k as a bridging loan. They're not idiots, they know how to look after their money. They know they will get it back. The clue is in the name - A bridging loan, and the agreement is that it will be rolled up in the NewGen $20m loan. All positive. I guess we will see some retrace as Riverfort sell out their warrants. GLA. Not Finical advice. DYOR. Ramble on up..... & well done DJR777
Bedhead Incredibly small market cap with what’s about to happen for RMM. The bridging loan keeps the ball rolling for the turnaround & my take is the sign off agreement is around the corner. Great market reaction, I can only see this re rating to new highs of over 60p a share with momentum building and lots of positive news due before end of year: Loan agreement sign off Production levels increasing with 4 stopes Copper price staying high Hedge cleared Drill assay results , increased resources, higher grade copper output. News on little deer It’s all coming together and only my opinion.
Earl You're an idiot. Yes, the company are producing copper - but not enough, yet. Remember the lost stope??? Ring any bells?? Does all of the development work on new faces at higher grades ring any bells??? Does the existing copper hedge ring any bells??? Have you attended any of the companys meetings?? Lenders don't give a bridging loan unless they know they will get the money back, and its the two Lenders working together. I'd rather a bridging loan at not too bad an interest rate, than draw down more from Riverfort. If you can't see the positives in that, you shouldn't be investing here. GLA. DYOR. Ramble on.
Alfreddie RMM are NOT going down the pan. They have options on capital. Posting the same question in a different way doesn't make it a better question. The answer is 'Make your own mind up' Its the same Management team that you 'recently bought into'. If you don't have faith - sell up. You really don't need to deramp. But your re-post has just reminded me of where the green filter box is. GLA
Hi El Prof. I believe that RMM have stated that the NewGen loan will pay off the West Face loan, hence West Face getting the cheap 14p warrants (all from memory, so....). The 3rd Party could be Brad Mills, it could be the Hedge, it could be West Face, it could be anyone of many things - Pretty p*55*d off with the CFO/FD for not having this sorted back in August, after all the 3rd party must have been known about back then.
Moon You told us what??? More inane nonsense. If you're going to gloat, at least have the good manners to explain what your gloating about......
Re Finance Director 'His first priority is the mine, which, when producing as forecasted, will benefit the shareholder.' At the last EGM, he didn't talk with any conviction or confidence, and he was ill prepared to answer some very basic finance questionsx. As a senior director, his ability to project and inspire confidence is a must. I daren't think what II's would make of it. 3/5 must do better. AIMHO. DYOR. GLA. Ramble on. 'The only way is up.....'
Reg1 "with all this doom and gloom around financing. I am glad i am keeping some amused." What doom & gloom? frustration - yes. Doom no, gloom - its the weather..... The finance will get done. Back in August you were predicting 15p at Xmas. You must be ecstatic at 21p.
RE: Early days but the market isn't getting overly excited30 Sep 2021 10:24
As Patatas said..... ' you seem confused that this is the RNS confirming financing? It is not.'
'Closing of the Senior Debt Facility is subject to customary conditions, including the negotiation and settlement of definitive documentation and the entry into a comprehensive intercreditor agreement, among others.'
Morning Reg1 In a perfect world, yes. But RMM are far from being in control here, NewGen will want to make sure their multi-million dollar loan is secure. What happens if at the last minute they say to RMM, oh, by the way, can we see your ownership record for 'XYZ'. Or sorry that was signed in blue biro, it should have been black. I share your frustration and think RMM were daft to give an expectation (again) if there was the slightest chance of it being missed. It will come, I have little doubt. Keep the faith. GLA - and definitely not finical advice.
Hi NoNegsPleeze Why do you think that? This isn't new - we've already had their money, and more. They could convert a further £1.8m if memory serves me right. The SP should already have this factored in (should). Look forward to hearing your reasons. Cheers Blue.
I'm listing today in the diary as the rare day that Ant and I agree. Binding term sheet is always subject to 'get out clauses' otherwise there would be no recourse to a change of circumstance. We are all still waiting for the due diligence to complete (most probably the do you own what you say you do, is it worth what you say it is - and prove it). For what its worth, I still strongly believe it will complete, I don't think there will be further use of Riverfort (guessing), nor do I believe there will be a further raising. As the mine improves our ability to self fund improves. RMM do however need the money to complete the turnaround in the stated timeline. AIMHO. GLA DYOR Not Finical advice BKTEO Ramble on Ramblers
Hi 2 Phevs I presumed that a placing, however small, would be more expensive to arrange than drawing down on an arrangement you already had in place - but then, I don't know. Always happy to learn. Cheers
Thomas GTM Nope, you still haven't explained to me why a placing will be needed now. If they need cash urgently, they'll surely use Riverfort. Why have it in place AND then also do a placing - I don't get it. Re 7% of workers affected with C19 - thats about 20 people. If they are contractors there's no sick pay - they're employed by someone else (a small 2 week delay maybe to exploration / production). C19 may, or may not, be relevant. Shouldn't affect the financing though. I doubt anyone working on it is in Baie Verte. Thanks for sharing though. Blue. GLA.