Member Info for ElProfessor

Hi Summit,
It was rare at 30,000 and a also rew years back when worth just a few thousand. I would rather it was rare and the former rather than rare and the latter!
I hope you are right that I should not worry but at the moment the trend is worrying me as it will significantly impact JLP's profits and therefore share price.
Best wishes,
Prof

SeisNav,
Nearly three times our current price; et us hope they are at least partly right!
I like what I heard today however I do worry about the PGM price with Rhodium in particular showing no signs of reversing its current downward trend.
Best wishes,
Prof

Last week I posted a link to Adam Hamilton's recent article on the majors and a 3 month old one he had done on the mid-tiers. He has updated his mid-tier one this week post Q422 reporting:
https://goldseek.com/article/gold-mid-tiers-q422-fundamentals
The article has large amounts of cut and paste from the previous one however the numbers in the table,and throughout the article are updated as is his thinking.
Worth a read!
Best wishes,
Prof

Hi Sotolo,
A mighty strange world. As you said in your earlier post - not great results yesterday but nothing that was not already known. Hopefully the late fall yesterday and earlier today were both just the vagaries of triple witching day and we will move up nicely next week. Here's hoping!
Best wishes,
Prof

According to Kitco it has just closed at an ask of $1990:
https://www.kitco.com/charts/livegold.html

Steve,
You are welcome. Glad you found them useful.
Best wishes,
Prof

Gibbs,
You are most welcome.
I hope you are keeping well.
Best wishes,
Prof

I commend the following article that came out yesterday by Adam Hamilton:
https://goldseek.com/article/gold-miners-q422-fundamentals
It is on the majors however has some really great info that is relevant to CEY as well.
There is also a link to an article from Dec 22 on the mid tiers:
https://www.zealllc.com/2022/gtq322fn.htm
This includes a really helpful table with CEY in it which compares the key indicators including cost to mine and AISC.
Both are a fairly long read but worth the time I would suggest.
Best wishes,
Prof

Hi AJones,

I have been thinking the same thing; $5M is a lot for just backing this into administration.
Let us hope that we are not naive.
Best wishes,
Prof

Hi Strummer,
Not surprising I guess. The potential difference here is that the underlying asset has significant value 'if' it can be exploited economically. The question for me, as previously put, is whether the $5M allows us to ramp back up to full production and, with copper at the current price, pay back our debt and get our head back above water, or whether it will just allow an orderly sell off to maximise debt repayment but with nothing left for shareholder. I take some comfort from the fact we are planned to restart operations tomorrow. It will be interesting whether that is full steam ahead or not.
Best wishes,
Prof

To following link to PWC provides a very helpful summary of what it is:
https://www.pwc.com/ca/en/services/insolvency-assignments/what-is-ccaa.html

Sorry Moon, that message went off half written. Should have read:

Well it is better than having failed to restart operations and folded. The question is whether the $5M, with copper at the current price, is enough for us to operate at full production and start digging ourselves out of this debt millstone that it around our neck, or whether it is just there to provide a buffer while the assets are sold off. The fact that we should be back operating tomorrow gives me some confidence. What do you reckon?

Best wishes,
Prof

Moon,

Well it is better than having failed to restart operations and folded. The question is whether the $5 M, wiht c

Reopening planned for tomorrow and:
'Directors and management of Rambler are expected to remain responsible for the day-to-day operations of the Company, under the general oversight of the Monitor.'
But what does all this mean for the medium to long term?

RMMCL has entered into a conditional DIP agreement for a loan of US$5.0 million with RMM Debt Limited Partnership by its General Partner RMM General Partner Inc., representing certain senior secured lenders to RMMCL. The DIP is contingent on Court approval and will be secured by the assets of RMMCL and the guarantors, including Rambler, 1948, and RML, and will be used to support the operation while in the CCAA process.

Hi Grg,
I believe that there is a cost to an RNS (not sure how much) so this could be about saving cash.
I agree generally however that comms with shareholders leaves a lot to be desired both in terms of frequency and content.
Best wishes,
Prof

Thanks Luna, I was looking for that.

Best wishes,
Prof

Laurus,
She is the COO and I think MD of a division.
Best wishes,
Prof

Mike, Seis, Jonah,

Thank you all for responding and clarifying.

Best wishes,
Prof

Thanks Ilja.
Prof