Rambler Metals & Mining Share Discussion Threads

[skif] 12/10/2022 14:35

"With a world class mineral resource and recently closed financing, Rambler is on course for a long and prosperous future. We are on the lookout for good people that would like to join us on that journey."

[skif] 12/10/2022 14:34

Good news is about to break.

[pensionplanner] 12/10/2022 10:08

Excellence. So far there is nothing to suggest Newgen won't get their money back, or that RMM are in default?

Obviously a lot of work going on behind the scenes, but its not inconceivable RMM won't refinance completely with new finance from elsewhere.

Still believe company missed a trick in not offering open offer of convertible bonds, £1,000 minimum as otherwise its not cost effective. They could have raised £10m at 20p conversion, and we have to ask ourselves who at RMM led them into this deal, and whether they were in any way keen on that awful RNS.

There is always a motive and the asset here is decent, so watch that closely, although I still believe RMM should have had Adeline, and the irony is Adeline cost requirements are minimal and where no doubt any lease requirements will be allowed to overrun and where at present with RMM Adeline not producing would have been better than debt mountain for RMM producing.

Still believe someone may be after the asset here, and you can't blame some for wondering if it was an inside job? Copper assets will be ever more expensive to acquire in the future, let alone ones proved up by shareholders already.

[amaretto1] 10/10/2022 21:08

It's the same nearly exact situation DDDD pharmaceutical found them selves in with Oxford finance !!Take a look.

[excellance] 10/10/2022 19:06

Newgens first priority is to get their capital back. The market cap doesn't really matter, they will be looking at the numbers and the potential value of the assets to decide on their best way to guarantee their money back.

$20m is no small sum. There are other creditors that need paying before a rescue can work, so there will have to be agreement from others to, to offer debt for equity for example, and in our loss making situation a placing may not be an option with a total of $28m of debt hanging over us.

Yet the asset should and could be worth a billion dollars.

[excellance] 10/10/2022 18:56

It may well be...

[amaretto1] 10/10/2022 18:48

Putt RMM in administration !

[excellance] 10/10/2022 13:30

What's the most profitable and risk free way for Newgen to proceed?

[donaferentes] 06/10/2022 14:22

Ha - timescale is everything!

[excellance] 06/10/2022 08:49

Copper hits $3.60 and RMM rise over 6p, so not a bad start of the day.

Only clarity over the Newgen situation will fundamentally change the game.

[pensionplanner] 06/10/2022 07:16

jGreg. You assume wrongly. I have repeatedly explained that I hold all my shares and have not sold any. If it goes to the wall, then I lose, easy as that. But then I have a very varied and balanced portfolio, hence I've always mentioned not passing my own guidelines on percentage ownership.

I like the assets, which is why I believe someone else did/does, hence that RNS knowing the damage it would cause.

I could and would have subscribed to convertible bond at 20p conversion, and where I believe many more would have, which could have raised £10m without too much trouble, and which possibly still could, as long term that 20p would be seem very cheap. I'd have contributed even more if they were to take Adeline along the way, as the turmoil in copper now is the time to acquire more copper assets for a future that will inevitably see copper shortages and subsequent high copper price as otherwise there is no electrification.

The reasons I have my suspicions I've mentioned, none falling at Toby's sphere of expertise.

My optimism on acquiring copper assets and with RMM a proven mine, proved up at shareholders expense, is also my area of concern, if others in the know like the asset, but want to steal it from shareholders and there are several situations that do give rise to that concern.

[rental] 05/10/2022 23:23

Copper is now up 7 percent over the last 7
Day period, looking very good for RMM

[excellance] 05/10/2022 16:01

Half a dozen silly small trades at 5.00p at close. I'm assuming bots.

[excellance] 05/10/2022 12:59

We should get Q3 numbers early next week, tho we've seen a glimpse.

Maybe we'll get our "practical solution all round" on the back of it.

Copper at $3.50 and oil below $100 isn't so bad for us, but is the damage already done?

If Newgen allow us one final push, to clear the accounts payable, fund the improvements and efficiencies, then I'm sure the future will be bright.

I live in hope.

[jgregory10] 05/10/2022 12:49

I take it you no longer hold shares in Rambler

[excellance] 05/10/2022 09:33

It absolutely is.

Companies list to transfer risk to others. They list on AIM to transfer risk to retail investors with much higher risk.

When the company or wider economy begins to struggle GET OUT, go to cash and await the round of refunding for companies that actually have a hope of delivering a future.

Rambler is on a knifes edge...

[bsg] 05/10/2022 09:15

Easier just to have a massive discount placing. Rambler get their money, funders flip their shares and the mug punter holds the baby. Existing share holders rinsed out. Normal course for AIM.

[excellance] 05/10/2022 09:05

Here are the terms of HZM's senior debt agreement...

"The term of the Senior Debt Facility will be ten and a half years for Tranche A, and eight and a half years for Tranche B. The interest rate of the Senior Debt Facility will be at a rate of LIBOR plus 1.80% for Tranche A, and LIBOR plus 4.25 to 4.75% for Tranche B.
the process with the offtake partner and strategic investor is well advanced, and we look forward to updating the market on its conclusion, alongside financial close of the Senior Debt Facility in the coming months"

Compare that with the half baked deal Rambler ended up with.

Senior debt over TEN YEARS at LIBOR plus, with an OFFTAKE AGREEMENT, and STATEGIC INVESTOR.

Rambler need to get their act together regarding a full package of funding, including offtake or hedged production, long term debt at a reasonable interest rate, and strategic investors who want the project to succeed and are actually supportive.

[excellance] 05/10/2022 08:53

They certainly are

[farrugia] 05/10/2022 07:55

well they have the money secured now though. What do Rambler have? They are hanging by a thread out there now

[excellance] 05/10/2022 07:19

With 40% more shares today compared to yesterday HZM looks expensive at the placing price, considering the increased costs and no revenues for at least two years.

[farrugia] 05/10/2022 07:12

they should have done a sudden placing like HZM when they still had a chance. Now what?

[excellance] 04/10/2022 15:40

Paper gold can be printed into perpetuity.