Member Info for Know0

Redundancies are about 40 in total

22 Underground the rest are geo etc.

Blasting will only be by day and crews will work an extra 1 hour per shift

Good meeting with all the remaining staff

Cost control plus todays increase in CU price will add about $550k per month to EBITDA

Hoping CU price will hold and push on to increase that

GLA

Moon - I sent you a DM on your discord pal

You just need to connect from there

Rambler have today announced 20 redundancies

Unsure what positions yet but expect most will be admin/geology etc

This moves the dial for me from a sale to the BoD wanting to carry on themselves. Still believe a decent possibility was that a hostile bid was imminent and hence shares suspended

Will share more as I get it

Im actually glad the share is suspended - let them get their stuff sorted before raising the suspension

GLA and pls DYOR

Agree moon - Im not worried - pi55ed off but not worried - have not lost any sleep and have a lot riding on this!

Fingers crossed for all us holders

GLA

I am going to find this strange but I am going to "defend" Moon on a few matters!

We have still never met or spoken and unless one of my guesses as to what will happen are along the lines of what Moon believes / knows, then I am non the wiser as to what the outcome will be (although I would like to chat with you Moon but you dont contact me?)

HOWEVER - the default is not an issue - NewGen will have been in consultation with RMM for the last few months and will be fully aware the payment wasn't coming

For those taking the urine out of Moon, how many of you jumped on a plane at your own expenses and travelled to BV (a days drive one way by itself)? I take my hat off to Moon for doing that and whether he knows more than us or not, he went there kicked the tyres

The only way RMM will be a mid tier mine in the short term is by being bought by a mid tier mining company.

I am still of the thinking that the BoD are trying to avert a hostile bid and thats why they suspended last Thursday - I hope for all of us holders that an offer is forthcoming that they can recommend - anything under 75p the buyer has done well. Anything over a £ the BOD have done well

Other options are some other form of deal - asset sale of LD / WB or some quasi partnership with a larger mining company

BUT, this isnt going bankrupt

4 full crews are mining MM round the clock and mill working to capacity - so output (which will be down on the originally expected 7-8,000 tonnes annualised, will be reasonable IMO

No change today than it was last Tuesday - looking fwd to what the plan is one way or the other

DYOR and GLA

And I am buying if price remains similar.

DYOR

Doesnt mean anything specific - just a real surprise that JM was not aware of the imminent suspension

Although, the more I think of the timing of the suspension, the more I think it could be a hostile bid

what is amazing was that JM didnt know that they had filed to suspend when he was with TB and TB didnt mention it!

Hes the Nomad!

Clearly a breakdown there

Smart Punter - you prove that people on here are clueless!

NewGen will be fully aware and OK with the payment not being made - and no, they cannot go to a judge on Tuesday

Clueless

The company suspended the shares because of a hostile bid

Would liven things up if that’s the case

Blue - just read your post (2nd in this chain)

You missed the most obvious which is a share sale.

The only asset sale would be LD/WB certainly wouldn’t be MM

This isn’t a corner shop.

A sale would be for the shares. Anything under 75p thé PE firm or other buyer has had a good deal.

Anything over a £ the BOD have done well

Small dilution we are expecting. Large dilution would be rejected IMO

We continue with FCF and delay payments to creditors

DYOR

Actually LL2 is wrong about the stage of appointment of liquidator.

It would be appointing an administrator
Last stage is appointment of liquidator.

RMM is nowhere near administration

Im currently selling a company (with 2 bidders) that has never made a profit and only ever made $500k of sales, that all employees have been laid off, the cash balance is zero and other assets are very small, that the landlord has kicked them out and the CEO is working FOC to assist the deal for more money that many here suggest Rambler could get!

So many clueless people on these BBs is unbelievable

GLA

NewGen have no interest in taking over the co for their $20M borrowings - you spurt nonsense here and I bet you're not even invested

Anyway guys - do what ever people want - If I get the chance to add more at current levels I will be doing so - if it wasn't that I am married, I would be borrowing money to buy even more, but I wouldnt do that to my wife

$40M off an enterprise value of $Billions is absolute peanuts - it may seem big if you invest £5k in shares, but in relation to the business it peanuts.

Moon - Ive joined you discord - would you return my msg? M

NO - Im not happy and No TB as Mucked up (with an F)

BUT - if the fall out is that they now have to sell and they have done a decent job on the mining level, then so be it.

They are down to 2 stopes (because engineers messed up the 510) a month ago, so mining 535 now.

BUT one thing is clear - they are not bankrupt and they are not trading whilst insolvent (thats illegal and results in personal liability of directors)

4 Full crews working and mill with plenty of ore

GLA

If you have a £40k mortgage on your house that’s worth £2M and you broke your leg and couldn’t work for 6 mths, would you let the bank take your home and give you £1.5M back??

No of course you wouldn’t

That’s rambler!

Of course TB and others aren’t worried. It’s just business and will be resolved (preferably sold for the £1.96M!!

better than them trying to go alone

If by best time ever you mean they will be bought out at a decent price and new owners will have cash to lower costs also then yes I agree.

If the capitulation in SP has forced BOD to realise they are not the people to run the company and take one of the offers that no doubt they’ve been courted with this past year then agreed.

Again, those talking about NewGen taking the asset or going bust, really have no clue.

Hopefully will get the chance to add more at these prices

DYOR

You guys have absolutely no clue how business works clearly.

.... cont
fundamentals are what you invest upon and Rambler fundamentals are wonderful - now lets get that new racing driver a seat

GLA and pls DYOR