Member Info for micru

My learning has been to look out for specific ways the company chooses to engage with the investor base and the language used in said comms.

Rambler have proven time and time again they DGAF about individual investors.

I have the same feeling, like something not quite right here. It's so dumb. "ugh, we installed some software and numbers are an oopsie". This from an EXPERIENCED dedicated team of experts.

The Takeover Code has some protections, but don't believe it prevents their mates taking up substantial positions at others' expense?

For me it comes down to one simple thing.

July 12:
"Going forward, Rambler will provide quarterly operational updates to the market which is now more appropriate given the condition that the operations have achieved."

Just 8 weeks later, "taking account of the current macro-economic situation". The macro-economic situation has not drastically changed in 8 weeks. Any CFO, CEO and other important job titles worth their salt would be able to intuit the position of their business, software or no software. If anything, fuel costs seem to have fallen a bit? And reading at least container freight charges falling?

The fact is, they were disingenuous in their July 12 statements, saw this coming and did not disclose. This is the stope collapse situation all over again.

They DGAF about individual investors and have put it repeatedly on full display, in spite of being given the benefit of the doubt again and again.

Becoming increasingly convinced moon is actually a savant.

>Im sure there was inf that we had 8 trains booked to ship coal. Will need to check where I seen this.

"Ø Further 8 trains booked, two per month from September to December 2022, equivalent to 179k raw tons"

Tenantry, that's very helpful, thank you.

I'm fairly new here. Was the operating loss a known?

I agree with your username.

> Don't think anyone here has suggested they were here for the crypto Oakey. Just a disappointment in being told the change of plan so late.

And not just that, but the fact that it took a team of crypto 'experts' and months of work/discussions to conclude that crypto is volatile. I am sure any one person here would have been happy to tell them that for a fraction of the cost on day 1.

> yet has not been recognised by the market

This has been a repeating theme for the last 12 months. When will this stop being the case, and (when) will all those new brokers, crypto-people and other leeches start earning their keep?

Sir, thank you, sir.

>Micru. It's been referred to an extended well test for god knows how long. Chill.

Where? I search RNSs for the word 'extended' and see nothing. The first one sure was 'extended' since it'll soon be a year since it was conducted.

Jun 7:
· The Board has taken steps to fast-track equipment procurement, and it is expected that the crypto-mine will be operational in as little as eight to 12 weeks. Well work will also be conducted over the same timeframe, at which point production from the State 16-2LN-CC well is expected to recommence.

Today:
The Company continues to prepare for extended production testing of its successfully drilled and completed State 16-2 LN-CC well.

So, no crypto mine AND it's no longer 'production', but a 'production test'. Ok, they have lost credibility with me.

Compare the number of RNSs last summer to this summer. So much for the 'news-rich period'.

And also,
> Why on earth would be need to raise funds womo
Let's hope we don't find out.

I don't see a re-listing happening in this climate. I think the worst may yet be to come for the US market. Once we're over the hill and there is optimistic sentiment, then would be a good time to re-list.

> I assume that is a contractual amount based on the high price they paid for shares in the past.

I believe it's less to do with that and more with the provisions in Rule 9 of the Takeover Code:

https://www.thetakeoverpanel.org.uk/wp-content/uploads/2022/03/Note-to-advisers_Rule-9disclosure.0322.pdf

An offer under Rule 9 must be made in cash at the highest price paid by the person required to make the offer, or
any person acting in concert with such person, for any interest in shares of the company during the 12 months prior
to the announcement of the offer.

Should we read into the fact that they are looking forward to the drilling campaign, but not bringing the 16-2 online? Also no mention of crypto stuff.

To date, with lack of updates, it really was all about whether you trust the (remaining) BoD or not.

After that interview, I trust them more, not less. Very humble in admitting they let the shareholders down (and not just boo we're sad).

Would be good to get some endorsement from more than one (and the same) person for a change. Otherwise, he is just like a more articulate version of moon.

I suppose we can take some solace in the fact that so far, they are doing exactly as they said they would, all seems according to plan.