Member Info for Know0

Strummer

It’s the CFO that funders will believe and hold to account now.

They will have lost as much faith in TB as everyone else.

The BOD doesn’t need changing en mass but the CEO (who is out of his depth in the role) needs changing to build confidence

Why? Because nobody believes a word he says anymore.

GLA

Why do you say I won’t meet you or that I live next to the mine all of the time?

You’ve said multiple times you will contact me but never have. I’ve msg you on YOUR discord but still no response!!

Contact me if you want to talk. Don’t post 5hit here that I won’t meet you

GL

They lied and deliberately misled the market on many occasions.

That’s is not acting in the interest of shareholders.

As a minimum TB has to go to regain any confidence

His last company was the same. Quality miner but not a CEO

His term is up this year and there will be a campaign to replace him as CEO

GLA

Ha!!

Reading documents on S&PAs and warranties etc means you want absolute clarification

Feb 2022 and June 2022 (and others etc) always said Hedge.

Then to state NASDAQ definition - which still wasn’t the definition!

Yes it’s a hedge. We can clear it before Xmas as it’s now above the spot price.

Or maybe we can’t? We don’t know because everything the BOD saw is deliberately ambiguous

GLA

To my question is the contract

A A hedge
b Cash up front
C other

This was the reply

Hi Martyn

The Nasdaq definition of Forward Sale, among others, may help understand the concept.

https://www.nasdaq.com/glossary/f/forward-sale

Not sure about much of a placing - likely warrants like the last NewGen deal (plus a bit of gold and an arrangement fee

But no need to dilute now - AP creditors will likely be back under control by Jan 23.

if Cu price holds well etc, then possible further Hedge at $4 or above. Probable that they will get to 50-60% hedged although I would be happy if all was hedged when Cu gets back to $4.50

GLA

DJ stating he will not post again until suspension lifted!!

If I had a £1!

Anyway, I’ve emailed for clarification.

Whether it’s a hedge or cash up front or something else!

As a group we will try and deal with the appalling way the RNS get written.

Why should there even be a discussion about a simple matter here - the RNS should be clear. The fact it isn’t again is concerning

Arguments for it being a hedge is that if cash received there should be no reason to keep the share suspended

But why not simply say it’s a hedge as they did from Nov 2020 to March 2022 about 2021 Hedge!

GLA

Fuku

I clearly say I don’t know if it’s a hedge or a cash deal. It’s crazy that the RNS isn’t written in line with previous RNS (like previous hedge or gold deal)

The rest of the below is fact - employees / moral etc. That is from the horses mouth

GLA

Monkey - few things to dispel your theories

Nearly all the miners employed live in BV. The local gold mine has just closed and they were mainly BV residents

Morale (for those that remained employed) is good - and as they say, "it will only be a few months then they will be hiring again -it happens all the time"

Finally, I have only just had a chance to red the RNS - had msgs about it when I woke but didnt read the RNS

I'm not sure this is a hedge - I think Transmine may have stumped up the cash for them

It it was a hedge why not use the term hedge as they did every time last year and start of this.

We shall wait and see but I think it will be like the gold deal - cash up front

So yes they may very well have received cash equivalent to half the market cap

They get paid 90% on delivery to the store - but Transmine will likely take the first 62.5 tonne each month off the payment (against this cash advance at $8333 per tonne) and payout the rest

I expect we will get some news of a hedge for 2023 relatively soon - maybe not all the output but probably half

GLA & DYOR

You wrote "Know I don’t like u that much u part of funny group but am by ur side for this first time ever. Sad u been taken away by light buddy"

As we've never met or spoken, how do you know you dont like me that much?

I think you're ecentric but nothing wrong with that!

Whether on discord or LSE I write with my true feelings - experience and expectations - There are dissenting voices on discord as there are here and anyone who backs up their argument with facts is listened to

Because of the two part verification of the account, what we dont get is nonsense posts (either way) from peeps just popping in.

I was hugely critical of the dilution last year and have been hugely critical of BOD for over a year - some here and on discord kept shouting me down as being too negative

I also didnt trust BoD when in July they went to qtly reporting because the last time they did that and the and of 2021, we had hidden bad news

TB has to be replaced because he has lost all trust

The current financial position is not a real issue - not sure why they bothered suspending (other than to protect against a few of us adding significantly and getting a bigger voice - at 5.375 - they should've done that at 15.375!

Now is immaterial and is only serving their position because BoD would be unable to buy

They should un suspend and let you (or me or others) take much higher stakes - but they wont

So they are likely to only trade again on the back of an RNS that says that they are no longer in significant breach of terms of AP and that they believe those creditors are supportive and they will tell us the terms of the NewGen deal - which will have a slap of the wrist, a bit of equity today sorry and increase in coupon (interest rate) but possibly over longer term or with some ratchet around Cu price

May have to give some more Gold or Cu away rather than Equity

Anyway, as Ive said, would be happy to chat with you if you want to - may find we actually really like each other!

You convinced yourself that I lived next to the mine - actually I live in Halifax, Nova Scotia - Deer Lake is a couple of hours flight away!

Yes Ive got contacts in the area and have shared info from time to time both here and on Discord - more often on Discord or certainly much earlier than on here

I hope you get your Holdings RNS Moon, its just a shame that BoD (again for their own purposes IMO) have suspended now - any equity sweetener to NewGen or another lender will probably be at 20+p rather than anything like the suspended price

But one thing "the discord group" have done is provide made it very clear to BOD with our individual signed letters and holdings summary that the BoD will not be able to mass dilute because we would vote it down. They have several options and the informal creditor arrangement that they have opted to take is fine by me

This has meant cutting their costs and with Cu prices up 40/50cents a lb means profit and FCF will res

Stan. Not seen you post before so looked and this is your second post re RMM

What confuses you?

Take a look at my posting history to see my position.

BOD have been cr@p. TB should be replaced as CEO

There will be no mass dilution.

NewGen is a done deal

Anyone that thinks RMM is bust or that NewGen can take the mine is totally misinformed and should be green boxed just for making such a comment as they are clueless.

All pretty simple. Who cares about it being suspended at this price?

With Cu at $4 and likely rise over next 3 mths, and savings being made in BV this is still going to achieve what we all spoke about 2 years but 2 years later than it should’ve.

Still holding 1.3M shares and not worried about next move because we as a group have already told BOD that we have over 25% so don’t even think about asking for major dilution. They’ve got the 10% we’ve allowed them. That’s it.

Good luck all

* wrong by 1.375% actually! 62.5% wrong! ??

DJ - you dont understand statistics fella

"The copper price did go down to near 3 dollars sorry I was 7% off in my prediction."

You said $3 when it was $3.4 - it fell to (not at end of day but $3.25 - so from $3.40 to $3 is 40cents - it fell 15 cents ($3.40 to 3.25) so 15/40 as % id 37.5% out

You cant say you were 7% away from $3 (that being $3 times 1.07%= 3.21) as that is not statistically relevant to what the price was and the discussion about it going from $3.4 to either $3 or $4

Because at $3.40 it was only 17% away from $4!!

You claim you were only out by 7% but in reality you were WRONG by 37%

Maths and accountancy is clearly not your thing!!

But you wont see this or respond because you're not going to come here again until there is news!!

If I'd had a £ every time you said this I would have £1,326!!!!

xx

That cant be correct - DJ specifically said Cu price will go to $3 before it goes to $4 - and he knows everything (a corner cafe owner can know)

So I await it going to $3 cos DJ is the man!!

And he definitely isnt going to buy AIM stocks again cos he said that lots on both RMM and HZM BBs - and he is always right.

Looking fwd to $3 so that we can then go to $4!!!

GLA & DYOR and when you're out of your depth, sell at a massive loss and keep telling everyone that your brilliant and nobody else understands

Back 6 weeks ago (or whenever the news broke) I said that I sincerely hoped the BOD would sell

There will have been interest (my estimate is circa 70p per share) but BoD will want significantly more

The option I mentioned was an informal voluntary arrangement - this is where they agree with the largest AP creditors to pay all new bills on time and settle the old bills in some agreed timescale - eg equal payments monthly for 4 months

For all the clueless posters here that banged on about NewGen taking the mine or forcing liquidation, you really have no idea - NewGen will have been on board with all this months before

The reason no NewGen agreement can be RNS is that they cant RNS a voluntary arrangement with AP creditors as its just that - voluntary - so nothing signed by the AP creditors

NewGen will be happy enough to support and will have said what they want in terms of interest and a sweetener

All those predicting shareholders wipe out by mass dilution (and those who $hit the bed) I can understand your concerns but that was never going to happen mainly because there was no need

Those redundancies I told you about last week that were RNS yesterday I estimated to be saving $500k so with other initiatives expect real savings north of $750k (I know they say $1M) per month - Cu price holding up is also giving more $$

How long will the share remain suspended? Well its unlikely to come back until they can give news re AP and that could be a few more months or could be just another few weeks (my estimate as to late AP payments is approx $3M)

So having paid some of this amount down in past month and now (if Cu holds) we will easily get the $1M (savings plus increased sales) then it could be a few months

Then the RNS will simply be the terms of the NewGen revised deal and saying AP has been brought back to terms

If Cu is at $3.9 or above at the time - I expect MMs to open at prices close to or above 20p but if they open at below 10p they will very quickly rise and mid 20s will be reached quickly IMO

Anyway, SP is all guesswork - fundamentals and understanding business isnt guess work.

GLA and DYOR

Popped in to say hi - still on discord but hardly get the chance to come here - unbelievable price for what we have - lets hope Dec update is better than last years (which was poor but then not reflected in March results!

Still holding approx £100k at approx 28p - glad I took a load of profit at high 40s when shorts opened.

Still treat capita as my bank - can always go and take it out if needed but made me a load of profit these past 2 years

GLA & great to see some new to me posters posting sensible accurate financial info

DYOR

Until we have the next step news there is little to discuss

Simple as that

GLA

Strummer

Totally agree that TB has to go as CEO.

His term is almost up and needs to be voted off

No dispute about his ability as a miner but can’t run a Bath let alone a company.

To get any credibility back when the share is in suspended, he needs to be gone pretty soon.

In light of the redundancies, It’s less likely a a sale is imminent.

As they have said they have old AP to settle (and without knowing how much) they can’t RNS a formal deal with NewGen in isolation.

NewGen will be fine with non payment and they will have agreed some penalties but RMM can’t come to market with that without stating the august with AP

If (as I expect) they have done an informal arrangement with some of the larger creditors and stick with those for 3 months or even 6 mths to clear old AP then they can RNS a deal with NewGen when those AP creditors are back to terms / close to terms

We could be suspended for a long time now with little to no news.

So for now, let’s just watch CU price rather than RMM as this will be key to how long suspension could be if there is not a sale

GLA

For the avoidance of doubt, I have never spoken to Moon even though I have offered to

Kind regards all

Yes. Still in Canada. Just DM me if you want to get in touch