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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rambler Metals & Mining Plc | RMM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.375 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.375 | 5.375 |
| Top Posts |
|---|
Posted at 01/4/2024 21:26 by thedustyone I was contacted by someone on the RMM discord group regarding the class action |
Posted at 05/9/2023 11:20 by excellance We all know that the copper deposit is spectacular, but the small minds of the board several years ago meant that the mine was never properly financed, never had the scale of production required, and transport costs and corporate costs were too severe.If RMM had 3 mines to divide corporate costs into then maybe they would have survived. Toby alluded to the possibilities of scale here, and long LOM too, but can't get there if the operation is losing cash continually. New thinking is required, new cash, and a new team, but most of the same problems will still exist. Management decisions killed this. |
Posted at 01/9/2023 07:10 by amaretto1 Do shareholders in RMM get anything ? |
Posted at 31/8/2023 14:33 by rogsim From Appendix 11 of the Auteco Minerals presentation on the acquisition: "Multiple third-party creditors of Rambler Canada may not receive the full payment owing to them from Rambler Canada pursuant to debt instruments and agreements that pre-existed the SISP (Sales and Investments Solicitation Process) process.As a result of the SISP process, certain creditors may have to compromise and accept partial payment for the outstanding debt owed, foregoing full repayment. As a result, there is a risk that the Company will be unable to engage such third-party creditors to provide financing in the future." So, what chance RMM shareholders? |
Posted at 31/8/2023 14:16 by amaretto1 EXACTY !!Because RMM shareholders have been blatantly legally CONNED !! Theft |
Posted at 21/7/2023 09:01 by mhard1000 Any news on Rmm on here from anyone? It's all a bit quiet! |
Posted at 08/7/2023 13:34 by excellance On HZM there are many positives, but there are always unknowns, and one of those is the details of their $633m funding arrangement, particularly the repayment terms and the libor + 4% terms since libor no longer exists.At least HZM secured funding in abundance instead of drip feeding amounts always too little too late like here at RMM. Yes I got it wrong here, but so did the directors who signed the deals and spun out lies. There's a lesson there... |
Posted at 08/7/2023 10:02 by excellance With government bonds now yielding over 6% on a two year note, all cash is going into bonds, there's a stampede!I think rates will go higher, maybe 7%, and for a risk free bet that is fantastic. Stock indexes and house prices will suffer until the market sees a peak in rates and a possible change of trend, and that could be six months or a year away. Within that there will be some exceptions, some exceptional bargains at distressed valuations. Rambler is one of those, but whoever buys the assets will get great value. I fully expect the debt to be cleared, plus costs, because if Newgen don't get their money back they've made a big mistake pulling the plug, and I think they already know what certain bidders will offer. We all know that the resource is exceptional, it's just that RMM got their funding all wrong, made some mistakes, and were unlucky with timing too. If someone offers $70m then shareholders get a little money back. |
Posted at 27/5/2023 10:30 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 |
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