Member Info for Know0

take a look and share if you would like

Have a few calls with Chairmen of a couple of mines and shared details with The Monitor

Best wishes all

Nobody would be asked to give money or details to anyone other than the law firm

The Law firm will advertise the Class Action Claim so no worries there Monkey - unless obviously you dont trust a legal firm!

We know there are interested parties - is just down to how much they will pay and will any of that come to shareholders

Its all in the hands of the DIP Lenders and the Monitor now

A properly marketed Sale by a Boutique Investment bank should have brought enough for the shareholders to at least be reasonably happy with if not very happy with

As it is now, it will be down to a few potential buyers - several will be those that were talking to Bradbury last year wanting to buy RMM, others are the ones that contacted Phil after the announcement of the Monitor appointment and others are those that various people have reached out to inc NewGen, GT and others.

Most will only be interested if its cheap cheap. But there is a hope that at least a couple see the value and shareholders aren't totally wiped out

Sickening but still a glimmer of hope

GLA

The Approx $6M (CAD) that Transamine paid up front for the copper last Nov makes them a creditor - the copper delivered to the warehouse, that they first held back the $0.5M in week one (reported on first comeback hearing) of the SISP put cash pressures

Last Thursday we heard that they were holding back $1.7M and that the Monitors lawyers were talking with Transamine lawyers to try and resolve

Transamine do not have to buy the copper - and they have gone from 90% on delivery to warehouse to 100% according to Bradbury Affidavit

There is no cash to now pay the staff and contractors have been insisting on payments up front, so the DIP cash has gone and nothing coming in

The Board with the Monitor, will now be going to all those parties that contacted them and the ones the monitor contacted about RMM, to see if anyone wants to make an indicative offer (probably by noon tmrw) - they will likely try and complete a deal over the weekend but if they cant or dont feel they can get a sensible deal in a short enough time, then they will apply for bankruptcy

The staff were told last night that unless there is a possible resolution by the weekend, the mine will go cold (ie Care & Maintenance will end)

The opportunity to market this business and get reasonable returns for all was still real with the SISP and DIP Funders - now its 90/10 against us as shareholders as CCAA does not consider shareholders in their duties

So its not over until the fat lady sings but she is now standing up and clearing her throat

Such an absolute waste of a mining opportunity

We have heard some of the Secured Creditors are looking at sueing BOD and certainly RIG will be.

RIG maybe split into 2, those holders at a death but also those that sold for a big loss after September, but will need to wait on the lawyers advice about that possibility

Fingers crossed for a miracle and a couple of parties in an auction today/tmrw

Feel free to follow RIG on Face book or other channels

We never had Transamine down as the problem kids.

Maybe they are seeing an opportunity with another miner to force a quick sale

There has been a lot of interest in Rambler from solicited and unsolicited parties and maybe there will be a quick auction this week to save it

Anyone that has the cash available to do a deal is in the pound seat.

So let’s see if this has been a set up to force the sale for $1

Let’s hope not but it wouldn’t be the first time

Very sad news tonight that Rambler is closed

Sounds like Transamine (who buy the copper) have refused to pay for it and therefore no cash coming in to pay the bills.

Unless something can happen quickly the company will go into receivership within days.

If that happens we understand the Crown take back the mineral rights and not even the secured creditors will receive their money.

Sounds like RIP RMM ??

Let’s hope Transamine can be turned around but after lawyers trying for the last 2 weeks I guess they won’t.

Moon

Nobody within RIG has ever asked anyone for money so no idea what you’re on about

When lawyers money becomes due, payment will be directly to lawyers client account and not to any individual.

Sorry you’ve been unwell but a simple response for the past weeks to say $1M, $5M, $10M or $50M isn’t too hard.

Absolutely no point sending anything with “terms” on it. The terms will be part of any negotiations with Monitor (if that happens)

So don’t waste your time writing to me with anything bro. You made it clear you want to do your own thing and I am more than happy with that

Cheers

Monkey - please state what “lies” you believe I’ve told?

As for looking through documents, of course it’s not been RNS as it was rejected so nothing to RNS.

I’ve told you my source. One of the secured creditors

I shall ask the monitor when I meet him for coffee next Monday at 3pm (he couldn’t do this week as he had first indicated to our lawyers and me)

GLA

Told by the creditor.

Prove it didn’t happen - of course if you can’t that’s a really bad sign isn’t it

You untrustworthy and untruthful.

You don’t believe that the offer at $3M from Maritime existed

Whatever bro.

I’m passing on from the horses mouth that TB wanted to accept and Secured creditors said No.

Moon

You’ve made it clear that you are not much of a holder

You told me 3 times that you hold 47.000 shares and when I laughed you said you have more in another account. Not that only having 47,000 excludes you from RIG as long as you send proof then every shareholder is welcome

You said you had cash or people with cash to be part of a deal. I told you that you needed to give an approximation. If you were talking about $1M then wouldn’t be interested.

When you asked for the timetable I said that you need to confirm approx amount by end of this month. Would need lawyers or accountants to provide confirmation that you/ your contacts were good for the cash by end of April and the cash would need to be in your lawyers client account by end of May.

Not surprisingly, you since gone quiet and come on here and **** off the RIG group

You’ve had every opportunity to be a part or play a part but you’re small time bro.

You even told me it was too expensive to get lawyer to write to monitor. So you really are not a player here bro.

Best wishes

GLA holders.

Moose / Monkey.

Maritime offered RMM $3M for LD

Secured creditors refused

GLA

You are one of the best researched investors in ITX - I did msg you on discord (I know you only pop on there occasionally)

However, there is a large potential investor group that that need to know the story on ITX

Fancy writing a piece for Discord and Wikipenny website?

Would be great to share the love!

Good luck all - news will come in its own time but IIs putting £10M in have had a to of info and done DD for what lies ahead and if they are excited, then we should be also

GLA

MW took out their short when SP was nearly 50p (yes its moved small amounts the past year) but the big jump was at very high 40s

When they did, I sold all the holding in my accounts (not the holdings in my kids accounts!) and bought back in with approx 29p avg - So I dont expect MW to close fully just yet and thats why they increased a little more to push the SP down

Seeing the increase with relatively small volume, it would suggest there are not many sellers around here. 38p is a support then 48p

Maybe NoFear will be proved correct with a bit of trading around the 41p but I expect this is going close to 50p within the month and the new ISA allowances.

Because of the past there will be a lot of selling at 50p so expect it to fail a couple of times (IMO) before smashing though it and likely run as we have no real history until its £1.20!

Anyway, 60p may well come by end of April - and I hope a few nice timed disposals keep the momentum otherwise I expect MW to reopen a short around 60p

As with everything in the market this is all a guess -but we can learn from history and CPI history since the early 2020 has shown CPI gets a decent rise and MW short it back - they will stop this game sometime when we are through 60p IMO as they have as much data as we do to estimate what happens next - and thats not much!

GLA and pls DYOR

Kind regards

Martyn

I have never bought into a PE deal here - they cant asset strip it and not enough huge upside other than organic growth

So whats their exit? Re float it under s different name?

Unlikely to happen IMO

April and the new ISA cash could well help us towards 50p

We shall see

https://www.ramblermines.com/careers/2

Moose - Maritime tried to buy it - Creditors said NO

So your rumblings aren't worth much on here as you clearly know little

Sad that people that have sold and lost are here many months later hoping beyond hope that the shareholders lose all - just to be able to say "I told you so"

There are many shareholders that have a huge amount of knowledge and experience and connections involved with RIG and we have every chance of making something of this

No money has been asked of anyone

And if the ultimate route of going after the BoD is decided upon, it will be a decision taken in the democratic way we have communicated of the RIG group

It may be at that time that those that sold and lost could join a class action, but what you cant do is be part of RIG as that is for holders only and I guess you hate not having the info we have

GLA

Clearly over your head DJ

The full DIP cash is available and more if required - NewGen and WestFace have put the cash up and the preferred boutique investment bank will be used to market and sell Rambler, but Secured funders will also discuss restructuring after TB has gone (a condition of it!)

Im having a coffee with the Monitor next week

Many interested parties already - will see the tyre kickers and the real funds over the next 4 weeks

The SISP process is planned to run for several months AFTER the DIP 13 week cashflow projections

Also, John Meyer has again proven he is clueless with his VOX podcast - absolutely clueless!

GLA

Moose - LD is of use to Maritime but probably only get $3-5M for it

TB wanted to sell it

Assume TB will be gone after todays hearing unless Monitor is using him to assist with mining plan info etc for the data room

GLA

Im Martyn Lewis - RIG is in discussions with various parties

Join the dis cord group for more info

GLA