Rambler Metals & Mining Share Discussion Threads

[blue square] 16/6/2021 08:42

They will still buy 500000 shares all
in one go at 29p so there seems to be
some support around these levels,

[blue square] 16/6/2021 08:30

There is a big difference between 'seeking arrangements'
that can advance little deer/whalesback and
'actively seeking arrangements' they chose
their words carefully ,actively means in a
state of action, busily, energetically, lets
hope the above is part of the discussions
re finance/part of finance mentioned in
questions and answers

[pensionplanner] 16/6/2021 08:22

Would never surprise me to hear of a merger between Chesterfield and RMM.

[blue square] 15/6/2021 16:49

Apparently RMM still own the nugget pond gold
mine perhaps that's worth a few shillings

[blue square] 15/6/2021 16:42

Or put it a different way in RMM was purchased
for £16 million the potential buyer would
get RMM essentially for free

[blue square] 15/6/2021 16:35

RMM have a deferred tax asset of $22 million
or £16 million on their books because of
previous losses ,so if a company with some
money bought RMM for say £35 million and
they could take Ming mine through to profitability
they would essentially be getting a discount
of £16 million so £35 million - £16 million
so they would effectively be paying £17 million
So RMM effectively have a £16 million dowry
for any potential buyer, obviously if RMM
make a success of the mine they will benefit
from this deferred tax asset.

[excellance] 15/6/2021 13:04

As I said yesterday, to create fear keeps the share price down punishing weak hands and allowing the overhang to be cleared on the cheap to unknown third parties happy to buy these by the million.

[cyberbub] 15/6/2021 12:57

There must be a large buy at 30p in the background, it's the only explanation?

[scars] 15/6/2021 12:43

Someone willing to buy them at that price!

[blue square] 15/6/2021 12:36

sorry I misread your post, that's not
what you were asking my apologies

[blue square] 15/6/2021 12:33

Just this second did a dummy sell, I could
sell 500000 shares for £144 996 at 29p
if that helps

[cyberbub] 15/6/2021 12:25

What's L2 looking like anyone? Any indication why we can suddenly sell loads of shares?

[blueblood] 15/6/2021 12:09

What a complete waste of 6 months. If placing was needed it should have been done prior to April update. Can't believe any CEO could be so thick as talking about financing without alternative plan eg loan, asset sale, JV on other mines etc!

[scars] 15/6/2021 11:44

If it is dilution and not financing!

[scars] 15/6/2021 11:44

That is the open question, but the dilution was announced at the .6 so mostly factored into the current price.

[excellance] 15/6/2021 11:23

I'm not so bothered about a bit of dilution, I'm more concerned about survival.

The current financial shortfall can easily be solved with a placing, a loan, or sale of assets, and I assume the board will do what needs to be done.

[cyberbub] 15/6/2021 11:14

I think most holders agree in terms of medium/long term, Scars, the question is what dilution we may (possibly) face short term.

[scars] 15/6/2021 11:11

It is just a waiting game IMO. The mine has proven value and so much effort has been put in over the last year to re-finance and upgrade it is only a matter of timing. Quite happy to hold long term and add at these levels. The company clearly stated that they are not expecting it to turn round until H2 and back to full production in 2022. So lock in and hold tight, H2 not so far away now. One positive RNS and the recent drop will be reversed.

[blue square] 15/6/2021 10:31

Just plugged in todays copper price and todays
gold price into the 2019 results using a
copper grade of 1.8% RMM are talking about
2% in future in this scenario RMM would of
made an EBITDA profit of $33.6 million
so the potential is here if we can get
over this sticky period.

[blue square] 15/6/2021 10:08

just did a dummy sell for 500000 shares
they will take them off you in one go

[excellance] 15/6/2021 09:44

With 200 employees my guess is a cash burn of half a million GBP pcm.

We have a loan repayment due this month too, capital plus interest at 10%, must be six or seven hundred thousand to pay. Next payment due at Christmas.

We will receive revenues for copper produced, and we have capex and bills to pay.

I think the problem will be the December loan repayment and the covenants in the terms.

Are we allowed to place shares to pay off the loan, or does the money have to come from sale of copper?

That may sound like a silly question, but Discovery Metals of Botswana lost their mine due to covenants in their loan agreement.

[donaferentes] 15/6/2021 09:39

I certainly would not have doubled my holding after results had I know production had been seriously affected.

[pensionplanner] 15/6/2021 09:34

When does remuneration committee meet, as options awards coincidentally often occur when the share price is very low.

[blue square] 15/6/2021 09:30

If they do have to raise at 25p I hope
they don't start the RNS with we are
delighted to announce ,they should say
we are devastated to announce.
currently £37 000 down on a three
week investment, clearly not very
good at timing but still hopeful

[excellance] 15/6/2021 09:08

They had an "oversubscribed" placing at 30p a while back. Why didn't they raise a comfortable sum to include a contingency at that point?

It is always better to have adequate cash than to continually have the cap out begging.