RE: RMM9 Sep 2022 20:56
Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - Says needs extra funds amid recent decline in copper prices, as well as inflationary worries. "At this stage, it is not certain whether the capital will be in the form of equity, a restructure of debt, or a combination of the two," Rambler says. Adds: "It should be noted that the current stress on the business is from balance sheet weakness rather than operational viability. The focus of new capital would be to strengthen the balance sheet at a time when operational performance has improved following continued development investment."