Member Info for LaurenLouise2

....So £49m of debts plus £9m of mcap =£58m.....
Minimum price...

Does anyone have a view as to why transamine is not paying?
RMM and Grant Thornton are applying to the court regarding this non payment and other SISP matters.
I don't think it's quite the end yet, but clearly an operational mine is worth more than a closed mine.
Is it worth £9m more than it's debts?

You must assume that no assets have been selected for development.........
RNS's are sent out when something happens.....

... It's just a theoretical question, but I'm interested to know what you think..

If the shares were not suspended,today, what do you think the SP would be?

....faag-packet

....30p is 25p in the ***-packet world

9100 x 150 x 52 = 70m approx revenue.
12 x 5 = 60 m costs
70 - 60 = 10m profit = 8m pounds
P/e 10 = mcap 80m
less 30 m liabilities = 50m
Current mcap 9m @ 5p sp
So 5 x 5 = 25p per share.

And more......Our CEO is treated very unfairly on this board...
It was he who brought this mine back to life and gave it a chance....before him there was no chance...
He has ,in my view reported on events when it was appropriate under PLC rules..
For example he couldn't tell us that there had been a default,until one had actually occurred...etc etc

And......I do see the fact that the maintenance was brought forward as very positive...... it's saying to me that we've cleared the decks to have a really good run at maximising revenue/cash during the CCAA period..
Perhaps that is the message the board wants us to hear...

Hi R2-D2.....I think we're on knife edge now.
We have a 13 week cash flow monitoring to complete with the LIT observing.
I guess that that will show if we are viable......however ,I don't know what the criteria is.
I don't think it's all over and we could come back.....but we might not
I'm not sure what will now happen at the end of our six month suspension...
Who has lent us the 5m....probably the current creditors which may be part of the ....we're talkin to them but can't guarantee the outcome, under a different narrative...
Strangely I feel that today was more positive than negative..

The CCAA is a Federal Act that allows financially troubled corporations the opportunity to restructure their affairs.

On balance I don't think it is.......

Hello Know0...... I do think that you are right...
I also think that if the creditors had applied to the courts then RMM would know and it would warrant an RNs...
Isn't it funny that yesterday Smart Punter had convinced this board that it was all over....

Hi Monkey fluffy...........
You're advising me to sell my shares.......
Oh gosh....how can I do that ?.......

Like any dealer he was watching for the card
that is so high and wild
he'll never need to deal another

Leonard Cohen.

Yes, and how many times can a man turn his head
And pretend that he just doesn't see?
The answer, my friend, is blowin' in the wind
The answer is blowin' in the wind

Future contracts are traded over the counter....
RMM aren't on any futures exchanges due to cost of admission..

Don't worry......I have a feeling we wouldn't attend the same party's.....

If you are a copper producer, and you sell some of your anticipated production forward, that is a hedge....
Not really...it has the effect of hedging....but it is an instrument that can be traded...

Know0.....why not simply say it's a hedge ?.....
Because it's not....it would say so if it was..