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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rambler Metals & Mining Plc | LSE:RMM | London | Ordinary Share | GB00BLFJ1613 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.375 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 5.375 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/4/2023 | 07:00 | UKREG | AIM Cancellation - Rambler Metals & Mining Plc |
| 27/4/2023 | 07:00 | UKREG | Rambler Metals & Mining PLC Block Listing Six Monthly Return |
| 21/4/2023 | 15:35 | ALNC |  Rambler Metals says no choice but to turn to voluntary liquidation |
| 21/4/2023 | 07:00 | UKREG | Rambler Metals & Mining PLC Update -- Creditors Voluntary Liquidation |
Rambler Metals & Mining (RMM) Share Charts1 Year Rambler Metals & Mining Chart |
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1 Month Rambler Metals & Mining Chart |
Intraday Rambler Metals & Mining Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/4/2024 | 17:39 | Rambler metals - 2018 | 9,902 |
| 04/6/2023 | 16:44 | Rambler Minerals, Flying under the radar on AIM? | 209 |
| 04/5/2023 | 14:58 | Rambler News | 1 |
| 10/3/2021 | 09:07 | Rambler Metals | 2,859 |
| 01/7/2018 | 16:43 | Rambler Metals and Mining (RMM) One to Watch Monday | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 09/4/2024 16:52 by skif Funny how the price of copper is now rocketing. |
Posted at 01/4/2024 22:26 by thedustyone I was contacted by someone on the RMM discord group regarding the class action |
Posted at 01/9/2023 08:10 by amaretto1 Do shareholders in RMM get anything ? |
Posted at 31/8/2023 20:10 by jasperthemonkeygod August 31, 2023Rambler Metals and Mining Canada Limited (RMMCL) ("Rambler", and together with 1948565 Ontario Inc. the "Company"), a copper and gold producer, explorer, and developer, wishes to share an update regarding the execution of the Definitive Agreement (“DA”) with the Successful Bidder in the Sales and Investment Solicitation Process (“SISP”) The Company is pleased to announce that the Successful Bidder, AuTECO Minerals Limited (ASX:AUT) (“AuTECO” negotiating and have executed a Subscription Agreement (“SA”) that sees AuTECO acquiring all of the shares of the Company for total consideration of A$65 million, pending approval of the transaction by the Court and other customary conditions for a transaction of this nature. The transaction comprises upfront consideration of A$35 million in cash and A$15 million in shares, followed by an additional A$7.5 million cash payment and A$7.5 million in shares within 18 months. AuTECO will fund the transaction through a capital raise of no less that A$50 million. The SA contemplates the transaction being completed as a Reverse Vesting Order (“RVO”) which will involve the transfer of excluded assets and liabilities out of the Rambler Group, leaving the Rambler Group with only those assets and liabilities sought by AuTECOto facilitate AuTECO’s (or its nominee’s) acquisition of the shares. In concert with this announcement, relevant filings will be made to the Court and be available on the Monitor’s website at: www.GrantThornton.ca A further communication will be made to stakeholders following the next scheduled court hearing on September 11, 2023. |
Posted at 27/5/2023 11:30 by greekhovel ALL - news from a fellow who has some knowledge of events.Understanding is that any bid for the Ming Mine above $45m may return something for the Ordinary Shareholders of RMM. As of today all bids are in, offers from interested parties had to be received by business close yesterday. There has been no leak on how many bids (there is at least one) other than some outlets suggesting any producing copper/gold mine should receive significant interest from third parties. All the above is independent from RIG (the action group) so IF there is a bid which would generate a surplus ALL RMM shareholders may receive a return of X pence per share. The entire process is outside of RIG's control currently. RIG have stopped the Voluntary Liquidation of RMM UK, apparently this has annoyed both the BOD and the Administrator Begbies Traynor, RIG want a Compulsory Liquidation as this would mean the actions of the BOD would come under independent scrutiny. In respect of RIG, it appears they are pursuing action outside of the process, apparently have submitted a bid for the Ming Mine as a stalking horse, if they succeed it is most unlikely all RMM shareholders will benefit. For the moment, until precise details of how many bids have been put in the outcome for RMM shareholders is unknown - those suggesting there will be nothing for RMM shareholders are incorrect therefore - at this moment of time ! |
Posted at 27/2/2023 07:48 by tightfist Very Interesting developments at RMM and the directors are going the Canadian legal route, so we have unfamiliar terminology..With the appointment of Grant Thornton as "Monitor", "....Directors and management of Rambler are expected to remain responsible for the day-to-day operations of the Company, under the general oversight of the Monitor..." and "...a conditional DIP agreement for a loan of US$5.0 million with RMM Debt Limited Partnership by its General Partner RMM General Partner Inc., representing certain senior secured lenders to RMMCL..." IMHO it gives the prospect of a fresh lease of life to RMM..Personally I am not over-fussed about immediate short term trading - however could this create an immediate buying opportunity? As ever, DYOR! tightfist |
Posted at 02/2/2023 10:30 by pensionplanner Agree with a lot, but there's also a lot in that I disagree with:"Companies with convertible loan notes outstanding are best avoided, since the share price is very much more than likely to decline. Companies with investor sharing agreements in place almost certainly should be avoided, since their share prices are virtually guaranteed to decline" Not quite right and completely wrong if the convertible loan note is at a pre agreed share price Had RMM issued those or even attempted to, they could easily have got a loan note away at 20p share price Likewise the article refers to companies that do not have valuable assets, but RMM does or did! |
Posted at 16/1/2023 08:05 by pensionplanner amaretto"U get a loan for a car from Barclays... u can always repay it with a loan from the Halifax" the question is why didn't Rambler do this? Not even when the share price was 20p+ and where if you look at the first default in September, the share price was? Knowing all this, which shareholders were not even privy to, did they try convertible bond repayable solely in shares at 20p, 15p, 10p? No, they went into default knowing that 100% of the asset was at risk. This doesn't look like a company trying to protects its billion dollar asset. That along with some the bombshell RNS's which so many posters were asking whether the RNS's were designed to crash the share price ..then some might suggest it really doesn't paint a picture of a company complying with the Companies Act. |
Posted at 15/11/2022 10:00 by pensionplanner They could have cleared the debt completely and still could and far less dilutive than any placing at such bombed out share price I know many investors who would have happily put their hands into deep pockets to subscribe to a convertible bond at 5% interest added to the capital and convertible at 20p! I don't like the idea of any company proving up an asset using shareholders funds, bombing out the sp, then having a placing at a bombed out sp: a result of their own actions., often not open They could and should have forward sold some previously (and stated at the time), likewise they had no need to RNS once they'd got deeply in the brown stuff making any raising a certain bombed out sp, and indeed should never have got into that brown stuff in the first place. It had already indicated the potential raising when the share price was over 20p, but chose not to raise which would have prevented the later problems. The share price and suspension was as a result and still a few things that need clarifying, but where some were met with a brick wall, especially the association of contractor/employees They could have cleared the debt completely with the corporate bond route, and yes it would have been dilutive, but at 20p per share, most holders would have found that more acceptable than the wholesale destruction of the share price as it is now, and suspended! Likewise, I may be wrong, but I don't recall RMM issuing an RNS in September advising holders they had defaulted on the first payment to Newgen, that came months later! |
Posted at 08/11/2022 17:37 by pensionplanner Amaretto. No. I'm saying that has happened elsewhere, perhaps not with Newgen. But Newgen charge shows they are not the sole investors, they are the Agents which includes being agents for other Noteholders who are anonymous.I am however suspicious by nature, especially with the months leading up to the apparent default, and where looking back you will see countless posts from posters wondering why it looked like they were trying NOT to push the company, and where whoever arranged this financing must have known how perilous it was, let alone interest rates had already started to rise in February, Ukraine situation was known then and even they suggested need to raise more finance, so had no need to notify the markets once that was done, except to say a fundraising had taken place at around 20p, but instead we had an RNS that crucified the share price followed by other communication, then RNS even showing RMM had apparently defaulted on the September payment, but notified when? Apart from that, they could still raise finance, as the City knows full well how much the asset is worth and how copper will be in very short supply in the near future. I still believe RMM could have raised significant cash via corporate bond at 5% interest with capital and interest convertible at 20p. That could have wiped out the newgen loan altogether, and I believe it still could, but where share price might be reduced but not significantly as long term the asset is excellent, and obviously OTHERS KNOW THAT. They obviously saw it coming, so why did they not raise knowing that, rather than letting it fall off a cliff! Answers on a postcard. Likewise it wasn't a cheap loan to set up either, as a percentage was paid for setting it up.... Either Newgen offered those terms because they were given information that was not available to shareholders at the time showing RMM's potential was perilous, or ....leave other options to QAnon, but where you have to concede there are some really inexplicable happenings never in RMM's interest, well perhaps not in shareholders interests. Potentially they may have a hard job in evading personal liability IF they didn't comply with requirements that give limited liability to a plc and its directors, but I'll leave you to see what you think. When did we first hear they had defaulted on the September payment to Newgen? 5. Breach of directors duties Directors duties are set out in the Companies Act 2006 (CA 2006), and also apply to: de facto directors (persons who act as if they are a director and are treated as such by the board despite not being validly appointed as such); and shadow directors (persons in accordance with whose directions or instructions the directors of a company are accustomed to act). The seven statutory duties are as follows: to act within their powers; to promote the success of the company; to exercise independent judgment; to exercise reasonable care, skill and diligence; to avoid conflicts of interest; to not accept benefits from third parties; and to declare interests in proposed or existing transactions or arrangement with the company. |
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