Member Info for Blue_square

Good point Bertie
The next RNS will be excellent news, 1350tpd at over 2%Cu. Remember they get 90% UP FRONT payment for every delivery of 500t to the warehouse, which is stunning for CASH FLOW, and as the hedge clears an improved one will be signed.
GLA

Whether you agree or disagree with the BOD requests to issue more equity, its important that as an owner of the company you cast your vote.

If you hold your shares in an ISA, then contact your provider (online chat works) to give them your instruction to vote for or against the resolutions (R1 & R2) . If you hold Crest then use the form on the website.

Be heard. Make your feelings known. Its our company (in my case a very, very, very, very small part of it). Personally unless I hear why the BOD have taken the actions they have, I'll be voting as Know0.

Hi Sam
I'm hoping that the RNS is way before the 22nd, I'll need to cast my vote before then for it to be counted.....

A company must give 14 clear days notice of a General Meeting.
Clear days mean the day after the announcement and the day before the meeting (so 16 days).
That means that if tomorrow (Tuesday) is the day we get notification, then Wednesday 8th is day 1. Day 14 will be the 21st, the 22nd will be the clear day, so the 23rd would be the first day available for a GM.
Its getting a bit tight for December ...........

John bull
Thanks for the clarification. An easy mistake on my part given you said 'the deal did not have to be sweetened by issue of more warrants'. The deal did give more warrants but the overall amount of warrants issued was c630k less.
Cheers

Nice post John Bull and I agree, except they have given warrants - over 4 years at 35p.
Even if you trust the BOD we are entitled to question their choices, after all they are managing our business.
The premium paid was a pittance compared to buying that volume of shares on the open market, why should the Canadian Investor get a sweet deal, what are they bringing to the party.
I'd trust the BOD more if they'd be upfront with the companys owners.......

Oiltap
Normally I would agree with your posts, but you say that Rambler 'raised some at 35p and paid down debt. ', how? The recent Issue of New Equity reduced the THIRD Tranche of the Newgen loan, thats money that Rambler hadn't yet drawn down and therefore wasn't a loan (yet), but monies available to them should they draw it. I still have an open mind on whether it was a good or bad move, but regardless think shareholders big and small are owed an explanation.
Clearly the equity money will be available to RMM before the third tranche - but why do they need it. Too much 'you don't need to know going on here'.
Looking forward to the GM.
Hoping Thomas still can't work his Zoom mike.....

Oiltap
I agree that I would have preferred for the II's to buy in the open market, but you are right the reduction in debt should equal the 6% dilution - and this deal means 630,000 LESS warrants are issued.
Additionally, now that they have a stake, the odds are that they will want more. Got to be good news...... £££'s
Can we change Monkeys avatar to Chameleon - both him and Moon are forever changing their colours.
Flip flop.
Come on Monkey - think about it.

DJR
Ditto what Lethal said.

It's interesting that you said ' who knows what future relationship we might have with Newgen , but it’s positive to have them interested in a direct stake. Institutional money coming to the register.'

I read the RNS that Newgen agreed to a change in the terms of the 3rd Tranche to allow 2 Canadian Institutions to buy in. No that Newgen were buying in. I also read it that this deal issues 630k LESS warrants than the loan agreement.

Especially as the Equity funding has no limitations on its use - LD JV?

i also disagree

I'm not so sure that it was co-incidence.
There's no smoke without fire (vaping excluded)

Monkey - We do know who Moon is.
We know Thomas from previous Zoom calls . Embarrassing, maybe not. Amusing, most definitely. Unprofessional, absolutely.
ATB
Have a great evening. (18p - what a joker) ;-)

ATB

Looks like Loony Tunes Moon is shorting again.
Either that or his narcissistic need for 'look at me' attention is running wild - again.
Meanwhile, the Team at Rambler get on with the day to day turnaround of the mine.
Looking forward to the next 4 or 5 years with RMM - not so much towards Loony Tunes next incoherent, illogical ramblings.

Well done Mr Thomas Moon.....

Pedro
Again quoting Cornish from a Discord conversation today.
'C1 probably down to around $2.25 - $ 2.50' (2022). Main development will never show in the C1 costs as its capital development. Stope development will show.
At present there is around 4 times as much stope development taking place as in normal operation - so around 50-75% of production is coming from that source. Production from development is much more expensive than production from stoping (Once the stopes are set up), so once development settles down to steady state, C1 costs will come right down.
Also with production at a steady 1350tpd, the unit fixed costs will come down.'
Cheers

Mickey
At 60p the mine wasn't flooded..... it hit 60p because we all thought the turnaround was heading in the right direction. When there was a fall of ground the share price fell, exacerbated by some big holder(s) taking some profit.
Nothing to do with a flooded mine - that was way before......
GLA DYOR Ramble on up

No they didn't. Yet another stupid remark from Moon the Loon.

MD
You're a first class ****....

FTC7
I like the Peter Greene era......
More interesting than reading the ****e put out by GTMUFO

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