Member Info for Blue_square

Deramper..... lol.

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.

Well said.....

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......

GLA. DYOR. Keep the faith. Ramble on Ramblers.

What? did I miss something or are you on something ?

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.....'

Star 786
"The mysterious 'third party', him be moon."
More likely Brad Mills.....

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.

Reg1

'someone got insider info?'

You're funny....

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.'

This is Credit Approval.

GLA.

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.

Morning Thomas GTM
You've said for some time that 'so is it looking like placing ? ' or words to that effect.
What makes you think there will be a placing?
Surely IF the NewGen financing was to fall through, it would have to be announced at the time of it falling through.
Genuinely like to know why you think RMM will want a placing. Cheers Blue.

GGG
You said 'Let's see if they deliver the financing, because any delays to this will look quite tardy and amateurish'
What amazes me is that the 30th Sept (or sooner) was a self imposed deadline. At the time of the initial delay, they could have said 'likely within (X number of) weeks'. Why impose a deadline on yourself? I presume that TB has delegated a touch too much and has taken what he has been told by his team at face value. The FD didn't fill me with confidence or enthusiasm at the last Zoom meeting, seeming ill-prepared for the questions he was asked.
Or else......
Someone at RMM has an Evil sense of humour releasing these two RNS's when its already a done deal and they're taking it to the line to make us all sweat.

Hopefully not the one when he put 6 past Northampton Town.... (FA Cup)

For the first time ever, I agree with you, BUT for totally different reasons.

I think the Financial/Legal team at RMM have been over optimistic on time lines, nothing more.

TB is guilty of believing what his team tell him, IMHO.

GLA. DYOR. Not finical or finicky advice.