Member Info for Iluvise68

I can appreciate the reduction in the dividend as this is directly linked to the price of oil.

I would prefer monthly dividends as this was a point of difference/supported the share price.

I

Don’t quite understand the talk about acquisitions unless on very advantageous terms as they already gave enough opportunities they can’t afford to drill

Owing to lack of capital

Funds or becuase not profitable atm.

Best just be patient and value will

Out.

But inertia is not a great narrative and does not

Boost the sP ?

That would be excellent- but the issue is about delivery and the bottom line - if the investments turn into significant and growing profits I would like to see dividends which support the share price. It worked for I3E plc

You should join discord

Yes, its a good read. Best just to sit back and re-invest the dividends at the current SP as its bound to rise subtantially sooner rather than later.

Thanks Leah for your support

JM is about as useful and insightful as Liz Truss talking about pork markets. He was ramping RMM as a turnaround share this time last year and does not have a clue what he’s talking about

As a long suffering RMM investor I pray the only way of up from here …

They should provide confirmation that they are back to 100% production soon and then. It should rocket back to the teens. Slater says it like trying to keep a beach ball underwater - eventually sooner or later it’s going to Jump up again above the water…

So what’s your share price target - looking at your figures the sky is the limit over the long term … but short term we are trading in a tight range until there is some big news to move the dial?

Slater didnt sell, the TR1 was to relfect the issue of new shares from the old warrants - his shares were unchanged.

There is still life in the old dog yet…

whats this all about then?

you should join the discord group

The lenders dont "own" the mine. They can only recover the exttent of their debt + interest from the sale. Any surplus goes to the shareholders after the costs of the process have been deducted.

I found this on the Elemental website - they sent a warning letter on 9th feb

February 17, 2023 – Vancouver, BC: Elemental Altus Royalties Corp. (“Elemental Altus” or “the Company”) (TSX-V: ELE, OTCQX: ELEMF) notes the update regarding the Ming mine (“Ming”) issued today by Rambler Metals and Mining plc (“Rambler”), announcing Rambler’s decision to pause operations at Ming until February 24, 2023 pending the delivery of key supplies to the mine. Rambler previously announced an efficiency improvement program in November 2022 alongside its ongoing discussions with Newgen Resources Lending Inc. with a view to a refinancing or restructuring.

Elemental Altus has a gold sale and purchase agreement (the “Gold Stream”) with Rambler in respect of gold production from Ming. During the course of Rambler’s announced strategic financial restructuring program, the Company delivered on February 9, 2023 a written notice of default to Rambler for non-delivery of gold under the Gold Stream. Rambler is contracted to make minimum gold deliveries of 1,200 gold ounces to Elemental Altus for the first three years of the Gold Stream and no sale and delivery of gold has occurred in the last two financial quarters. Rambler has a 10 business day period from notice of default to cure its default under the Gold Stream.

On behalf of Elemental Altus Royalties Corp.

A concert party? it aint half hot mum...send for Gunner graham

if it was going to be sold off next week why suspend production - any buyer would not be happy to see unnecessary uncertainty with the markets and creditors and suppliers..

The day to day business must be cash positive and they are paying down the unsecured creditors. The BOD must have taken advice because otherwise would be wrongful trading and open them to personal liability. The issue will be be what £reward elemental and Newgen will extract for their patience and on what terms they can renegotiate the debt. Hopefully the copper price will come to the rescue. Even in administration the underlying asset far outweighs the debt and the charges are to the extent of the os debt. not

This is Mark Slaters commentrary on I3E from the recovery fund annual report - hes a long term holder and positiver about the outlook:_

i3 Energy contributed +1.00% after climbing +102%. Energy stocks were a rare area of strength in the year,
thanks to the Ukraine invasion and to the reopening. The company ramped up its oil production in Canada and
expects to close the year on 24,000 barrels of oil equivalent per day. A speculative well in the North Sea was a
flop and we expect no further activity there. We remain very positive on the outlook for natural gas prices in
North America thanks to the rise in liquified natural gas exports. These should narrow the heavy discount to
world prices. China’s decision to emerge from Covid lockdown may also boost demand for oil.

there's mention of whispers/rumours on the ADVFN board