George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hi DJG123, good to see you back.
I'm interested in your point of view, but can't really take anything on face value - that'd just be stupid.
Can we have a FACT check?
Can you define for me what assets are 'badly maintained', I've looked really hard at all of the available data and can't find the information. I can see that following the 2020 'shut down' there were problems, but from what I've read and heard (AGM) the maintenance and UPGRADING is going well. Improved drainage/pumping, upgraded ventilation, upgraded electrics, leased equipment refurbed and taken back in house (purchased) et al.
Similarly, what basics are the company not doing well, other than not being on facebook/twitter/et al every five minutes? After all, they are miners running a mine.
I am really interested in your research and would welcome you actually listing your data rather than joining the ranks of the 'I told you so' brigade.
And please, none of this 'The SP don't lie'. Show me your workings, please. Lets do some checking of your facts.
Atb.
Regulator:
'The Regulatory News Service (RNS) transmits regulatory and non-regulatory information published by companies and organisations allowing them to comply with local market transparency legislation.'
If we all knew in advance, we wouldn't need the insightfulness of you, DJG123 or GTMUFO, would we.....
Please, go and play your games somewhere else.
Regulator
You're funny.
On other posts you say you're 'a trader, not an investor'.
On here you've posted 'ok lets see what happens on Wednesday then dooms day is nigh.'
The next RNS will be when the company decide....
Seriously ......!!!!!
wow, the numpties are out in force today.
Chester you are a Willy...
I bought a few more today at 27.675p and like most others its showing as a sell. Lucky me.
AND Rambler are still recruiting new operatives.
Looks to be All positive on the rebuilding and turnaround plan despite the anticipated shortfall of revenue/tonnage expected in the next update.
Eats
Thank you for the translation. GTMUFO, apologies. Try using a coma. It helps. Or a space. My daughter is dyslexic but manages punctuation and she uses the spell checker - if its red - check it. All the best, Feed those chickens some more copper....
gtmufo
WTF are you on about ' they is mining company that never mined anything'. Get a grip. Your not buying this company on past performance . your investing in future profits and we are all gambling on it coming good. A high copper price improves the odds of Toby et al pulling it off. never MINED anything ffs.
Hi gtmufo
RMM are doing the right thing, they're building from the foundations up. Easiest thing to do would have been to make the same mistake as the previous board and carry on with single stope and minimal investment.
Antharry
Thats the best offer I've had today. :-)
Regulator
You're funny.
I love your contradictions.
I don't agree with a single thing you've posted, but your posts make me laugh.
GL to you.
Antharry
Like the truth, its all open to interpretation.
I read it that 'we don't NEED more money, but to ensure the programme doesn't slow down due the fall of ground, we MAY at some point reuire more money to 'crack on' (eg we may need to have more contractors on site to play catch up, and that certainly adds to the costs).
I learn't many years ago that in the real world, reality doesn't really matter, it's the perception that counts. And clearly the markets perception is that Rambler NEED more money.
None of us really know -yet.
Thanks for the gl. atb.
Hi Antharry
Sorry, no, I don't agree.
It may or it may not suggest they need more money to keep 'on track' with the programme.
What it says is they are investigating financing options to ENSURE that adequate funds available for BOTH development and working capital through this production ramp-up period, - I'm only a SD at a small manufacturer, but we are always looking for the best finance options. We borrow to invest. And if **** hits the fan we can delay our investment - as we did in 2012 and 2018.
My personal view is that yes, to stay on programme they need more finance, and I'd rather see them arrange the money than delay the upgrade/development work. Unlike DJRyan, I would rather see the company push on.
That was the problem with the RNS, open to too much interpretation due to the wording/lack of clarity.
I'm invested here to make money - like most of us.
Hi Furry
We should have our own discussion board - Yes, I agree 100%. especially when its high grade - "like wot we got"
We should have our second stope open soon (next 2 - 3 weeks, given what we've been told) given better continuity of volume/grade.
Hopefully, the next RNS will be written with an eye to the markets, as well as being for the engineers amongst us.
GTTMU FO
I strongly disagree, of course you can do lots of different things with only one income stream (which I presume you meant, not cashflow - different thing altogether - or did you mean stope?). Many companies do it. Your post doesn't make sense to me. Do you know the income level, do you know the expenditure level, do you know the credit lines/terms/lease/purchase/rental agreements? From what I can gather, the company haven't stated 'we need more money', they have said they are investigating options.
Clearly with the loss of production due to the fall of ground, income will be reduced for the short term. But the plan is still being implemented.
Bee-lieve it. Honey all round.
Bee lucky. But don't get stung.
Wasnt me.... !!
This from a seemingly knowledgeable poster on ADFN.
'I have just spoken to Tim Stanford a very nice man they are preparing a RNS it will definitely be out in the next two weeks. He is perfectly happy for me to relay this I have no idea what is in the RNS.'
Could well be the new mine plan and update.