Rambler Metals & Mining Share Discussion Threads

[excellance] 05/11/2020 11:42

there wont be a share price, it isn't a going concern, so bond holders only will get a little relief once the administrators have been paid to carve this up.

[bill182] 05/11/2020 11:39

Maybe....but with gold and copper in huge demand, I am sure there will be willing buyers. Plus, any sale price will be North of where the share price is currently.

[excellance] 05/11/2020 11:35

i think this company is being packaged for a fire sale, driven it into the ground, overburdened with debt, stakeholders screaming for mercy, they'll accept any deal, and sandstorm too may offer to reduce their royalty payments for a piece of the new pie.

present holders are dog meat.

[bill182] 05/11/2020 11:29

The order has failed. Tried to buy 500,000...still no luck.

[bill182] 05/11/2020 11:27

Haven't posted on this site for a very long time. Can't buy any shares at this moment in time at current price. Just put in a F or K order for 1m shares.

[silverspoon2009] 05/11/2020 11:06

Rambler seems to have some very supportive locals who have provided funding in the past, one cannot rule out an equity raise at a premium therefore, most of their historic financings have been completed in Canada.



The shares look pretty attractive around current levels therefore, hopefully news is not too far away.

[36jay] 04/11/2020 10:16

Big bounce time.way way over done.Easy two bags from here.Time buy and hold.We Going 2.60p level.

[stockhunters] 04/11/2020 10:01

seller has to be on fumes now a few big sells under bid

[anti corruption] 04/11/2020 09:10

Dark forces at work.Looks like someone would like to price reasonably low.

[pwhite73] 04/11/2020 09:03

Its a possibility for every attempt is being made to dislodge and disenfranchise small shareholders but their fate is inextricably tied in with the shares of the 64% majority shareholder CE Mining III Rambler Limited.

[excellance] 04/11/2020 00:25

Maybe they'll sell the gold rich extentions of Ming to a new entity owned by associates, and then they leave the tiny remaining Ming Mine to shut up shop and get stripped by administrators, but the gold rich extentions are no longer obliged to give 25% of revenues to sandstorm.

[pwhite73] 03/11/2020 22:48

Needless to say everything can collapse and the company goes into administration but at this moment in time I think the odds are in the favour of small shareholders.

[pwhite73] 03/11/2020 22:44

silverspoon - "I am surprised there has not been some discussion about the possibility of Rambler delisting on AIM, it could also explain why Lombard are dumping"

Again a strong possibility but firstly Lombard would need to be selling on insider information if this is the case and secondly the statements from the RNS 28/09/2020 frequently refers to Equity Raising. How are they going equity raise without a listing?

1. Completion of non-core asset sales and a concurrent Equity Raising sufficient to generate minimum net proceeds of US$ 15 million, when combined with the net proceeds of the Note Financing;

3. Conversion of all existing convertible notes in issue ("CLNs"), together with accrued interest, into equity at the same price as the Equity Raising.

4. Conversion of bridging loans from CE Mining III Rambler Limited and Aether Real Assets Co-Investment I, L.P, entered into on 7 May 2020 and 2 June 2020, US$ 1m and US$ 0.83m, respectively, and total accrued interest at the end of August 2020 of approximately US$ 53,000 at the proposed Equity Raising price;

[pwhite73] 03/11/2020 22:28

That's a possibility but you tend to get that only when mug PIs are the majority shareholders so the directors couldn't give a toss what the share price is. However in the case of RMM below is the share register as of September 2020



CE Mining III Rambler Limited 431.6m 33%

CE Mining II Rambler Limited 396.4m 31%

Lombard Odier 185.2m 14%


So even if Lombard have dumped their lot, 64% of the shares are still held by one investor. The investor would have to agree to any recapitalisation at an EGM. The investor only has to acquire another 11% and they can force takeover Rambler.

Recapitalisation is a strong possibility but at the moment I can't see the logic behind it.

[excellance] 03/11/2020 21:13

My guess is any refinancing will be on a take it or lose all your money basis, and the terms will include recapitalisation.

[excellance] 03/11/2020 21:10

Everyone is dumping

[silverspoon2009] 03/11/2020 19:21

I am surprised there has not been some discussion about the possibility of Rambler
delisting on AIM, it could also explain why Lombard are dumping.

[pwhite73] 03/11/2020 18:47

If they change the nominal value then that is a recapitalisation and there has to be a specific resolution for that. Consolidation and recapitalisation are not an all in one or are they the same.

[bsg] 03/11/2020 17:03

They normally change the nominal value when they consolidate.

[pwhite73] 03/11/2020 15:08

A consolidation does not solve the problem of the shares being lower than the nominal value. If they consolidate at 25-1 this would give a nominal value of 25p and a current share price of 10p. New shares cannot be issued at less than 25p. It is a recapitalisation that shareholders need to be worried about but with creditors owning 70% I can't see that happening.

[elpirata] 03/11/2020 14:41

AGM resolution already passed for 25:1 consolidation, I suppose it depends when they want to configure it to best advantage

Special Business

At the AGM, shareholders will be asked to pass an ordinary resolution granting an authority ("Consolidation Authority") to the Board to consolidate the Company's ordinary share capital (the "Consolidation") on the basis of every twenty-five ordinary shares of £0.01 each in the capital of the Company for one consolidated ordinary share of £0.25 in the capital of the Company (each a "Consolidated Share"). The Consolidation is subject to the admission of the Consolidated Shares to trading on AIM becoming effective.

If the Consolidation Authority is approved, no further action on the part of the shareholders will be required in order for the Board to implement the Consolidation. If the Board does not implement the Consolidation prior to the earlier of (i) the conclusion of the next annual general meeting of the Company, or (ii) the close of business on June 30, 2021, the Consolidation Authority shall lapse and be of no further force or effect.

The Board believes it is in the best interests of the Company to effect the Consolidation as it is anticipated to make investing in the Company's ordinary shares more attractive to a broader range of institutional and professional investors and other members of the investing public.

[cinoib] 03/11/2020 13:27

To sort this mess out what I would do would be a consolidation of say,, 100-1 Then you can have your placing and not make the dilution look so bad, but that's just my business brain working.

[anti corruption] 03/11/2020 13:27

Go back to ICON donut and wait for your .007 there.

[justtrying1] 03/11/2020 13:24

Thats why lombard are dumping it