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Talk of assessing the size of the risk of liquidation is a little premature before the loan has been finalised.
Imo the BOD appear to be spending money like it is going out of fashion which can either be a good thing if production also rises to the anticipated levels by Q4.Or Maybe a bad thing if production is disappointing.The only thing that matters is where will production be when the BOD gets through the Newgen money.None of us actually knows and that will decide the future of Rambler.I am happy to wait and find out.
Had a look at the charts. and the SP could go up or down if it doesnt go sideways.I will be back to gloat later when my prophecy has come true.
Monkeydluffy,if you have done the research and that is your conclusion then stick with it.Your money so your decisions are best for you.
FTC7,agree with that analogy, the risk is miniscule imo.
Theres loads of info out there ,its just a case of looking .As with all things legal the devil is in the detail.We are all to some extent operating on a best guess basis because the exact terms of the term sheet are not in the public domain.
However what we can be sure of is that a binding term sheet has been signed by Newgen and RMM .This means that the current situation is that there is a legally binding contract to enter into a further legally binding contract for a loan on already agreed terms.The only way the first contract is not enforceable is if there has been fraud or misrepresentation.If no fraud or misrepresentation the loan contract is enforceable.
FWIW in the real world i am not a practicing lawyer but i am legally qualified .
DYOR.
Quote Though Newgen could decide to walk away at any point without legal repercussion. They are not obliged to give the loan until its finalised. Even if terms are met.
I believe that is wrong ,as the term sheet itself is binding both parties must negotiate in good faith or there are legal repercussions.You can walk away from a non binding term sheet but not a binding one.
It appears to me that the Newgen loan is guaranteed to go through unless Newgen uncover fraud or misrepresentation on the part of RMM in the course of conducting due diligence.Since that is highly unlikely it is near certain the loan will be finalised imo.
It seems the usual suspects are just taking the opportunity to seize a molehill and turn it into a mountain.
Personally i think "they " are being paid to post."They" post too frequently and over a too long time frame for any other explanation to be plausible.
Ps ,it is one person imo.
Surely it must now be obvious to even the dimmest of our bretheren that the tone of their posts is dictated entirely by how the share price is moving on any given day.They simply watch the price and tailor their prophecies to reflect that movement so as to appear to know something that others dont.
Dont knock yourself out explaining,pearls before swine springs to mind.
SamSmithers posts have comedy value but nothing else.Poor grade deramper.
Consolidation is neither here or there as far as im concerned but if people really do have perception issues with vast numbers of low denomination shares then it has to be a good move.
You gave RMM a favourable mention on the HZM board last week so i had a look and could hardly believe what i saw.This has to be so under priced it is a bet to nothing.Got 10m at 40 ,just a case of waiting on the turnaround.
I owe you a virtual beer.
If the recovery rate for tungsten quoted in the rns at 32% does not improve dramatically then WRES will never be viable.Imo it is that simple,if they cant nearly double the rate nothing else really matters.It is inevitable they will run out of money the only question is when
19.50 ,but ought to be much higher.The brakes seem to be permanently applied and until that changes the SP will most likely lag behind events.If Jubilee unexpectedly announced a dividend that may stir things up a bit
Think i ought to add that i am still a believer in Horizonte for the medium and long term ,thats not the reason for selling at all.
It is self evident (imo) funding negotiations havent gone according to the BODs expectations hence their change of approach.Having considered what the options appear to be i fear we may be in line for a substantial dilution.In the event of that happening there may be some short term pain which i hope to swerve.Once funding is sorted and the market has settled down a bit the plan is to buy back in.If thats at a higher price then fair enough i got it wrong but its important to be comfortable with any decisions and i am.Most on here believe being a long term shareholder in Horizonte is a smart move ,its just about what path you take to get there.
I sold my holding (450000 shares ) at 6.95 yesterday on the basis that i prefer to wait on the sidelines and see what happens as regards finance rather than be invested in the short term.When its done and dusted the plan is to come back SP permitting.The money went into JLP and CCZ. If im wrong im wrong but thats life.
Happy with the fundraise/dilution but less than impressed that JM avoided mentioning the bleedin obvious ,that there has been a change of approach to how Araguaia funding negotiations will be conducted and announced.Just glossed over it like nothing has happened.Theres a world of difference between playing your cards close to your chest and being slippery, and no one likes dealing with slippery people.