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Well said boss
If copper stays $4.20 to $$4.40 range then by summer rmm sp will be at least 40p + .we are much more better position than last summer now in terms of production per month,c1 cost .I just hope a take over bid of 75p+ . Copper is forecasting $12000/ton by h2 this year .
Monkey ..proper name .
When will we get RNs about q4 result?
Moose and monkey ..same person different name ..come on DJ ..be honest .
DJ by march rmm will reopen 25p+ .I smell something is burning somewhere ....people who sold out in loss is regretting now ....with copper well above 3.80+ and reduction of cost Upto $ 1 million a month rmm is much more stronger than it was last march and copper will be $4.20+ soon .
Moose is another name of monkey ..post no 1 ...come on DJ ..just go to hell
DJ is back with a different name .go to hell monkey .
Monkey r u DJ ?
3.78+ ..imagine in few weeks when China open up ..
Brilliant know0
" 4 times of current shares will issue and current shareholders will be wipe out ,long term shareholders may get 5% to 10% of their original investment (say 5p /share ) if they are lucky , will not by rmm @ any price .." and lots of rubbish like this .
Some people have no shame ,need to raise some money to check someone's mental condition before raise money for rmm .
Copper is 3.78 and soon $4+ ,rmm save $ 1 million / month which is enough to pay new gen installment ,c1 cost is now 2.8/lb which gives almost a dollar margin per lb ...rmm will come back even more stronger than before once refinance deal done which is imminent ...by next summer sp will be .....?
Fill in tha gap.
John Meyer must knows something about refinance that why he is not worried as a shareholder .sounds like debt restructure already been done and RNs is coming soon unless they sell rmm ,by the meantime copper will be $4+ .
Know0 ,does that mean that a process of sale is going on ?
I am more than happy even if I can sell the house for 1.2 to 1.5 million .good explanation know 0 for them who doesn't understand the value of rambler copper reserve and future cu boom .
Know0 I will be over the moon if we get an offer of 50p+ as you said ..lets see
Dalesman 100 ,What's your price prediction per share in case of sale ?
MB if we say business value is at least 100 million then after debt and other fees 70 million left for shareholders @43p / shares .I agree with nonsense that in case of sale it should be 40p +/ share at least though I am not sure what his source or if bod is going to sell it .it takes years to fix a mine to producing state and hundreds of millions ,we are producing mine of 7000 to 8000 ton per year and if someone buy and invest 20 more millions on ore sorter and relocation of mill then it can produce 12000 to 15000 ton per year in future when copper is going to boom in future .we have a world class asset just incompetent BOD who has no clue how to run a business .This BOD should sell rmm ,give shareholders money and go to hell which they deserve to ruin such a potential business not to hedge in higher cu price in history only few months ago .
They just need to sell the company as it has huge asset compare to its debt. This is the only way to save al stakeholders .this BOD proved they are not capable of running such a potential business .compare to Ming and little deer asset it should be valued between 125 to 130 million and our debt is only 28 million .sale the company in a bidding process and save all stakeholders ( including Brad mill,Toby,hancon and all other directors who bought share before ).what the point of sale if they issue another 100% shares and then sell few months later ? It's been 5 weeks since car crush RNs and they still can't notify anything about refinance to market when they should have arranged refinance before that RNs . A GROUP OF CLOWNS operating rmm who didn't hedge in high copper price which caused all problem we face today . I hope they will get an offer soon .
All the problem today we face coz they didn't hedge when cu was 4.50+ .I heard a rumor that TB wanted to hedge but bod didn't allow him to do so .TB done his job in production side but other member of bod should ashamed themselves ( if they have any ) not to hedge and round rmm potentials in short run .they better hurry up to reschedule debt for 10 years and dig high grade area while copper is under $4. I never seen a bod like this who actually shoot themselves .we all should email tim ,TB and BM to find out why they didn't hedge that creat all problems .