Rambler Metals & Mining Share Discussion Threads

[amaretto1] 21/10/2022 08:06

DDDD pharma were set up in the exact same way ....OF put them in administration

[amaretto1] 21/10/2022 08:05

Good post ....U realise how utterly stupid and naive management are .....Newland imo are playing hard ball .. if no other backers come forward They will own a billion pound mine for 20 million.....These people are parasites....RMM management fell hook line and sinker ..... laughable

[excellance] 21/10/2022 08:04

Mkt cap £8m ($10m)
Debt of $40m

Worth billions

[pensionplanner] 21/10/2022 07:54

"Consensus pricing at the start of July 2022 remained above US$4.00/lb through 2022 and into 2023"

Whose consensus, the BoD?

If market had that view then the forward price would have been available for Rambler to at least safeguard some production?

Do I think copper price is going to go through those figures. YES, but would I have taken out a massive loan on on a projected increased price of copper. NO. That's naive in the extreme, some may consider it negligent.

Of course you borrow on an asset, but the profit is made in borrowing on the basis of a serviceable debt at a discount to the rate of copper at the time, not on a projected increase. That's ridiculous, as the profit is on the increase in the price, not relying on it to sustain a debt!

In business you have to deal with the what is, not what might be. Of course future potential comes into it, but that's why you base any debt on what is now, to reap the benefits later. You should never take debt on the basis it can be serviced if the price goes up.

Of course the asset is valuable, hence the RNS and gloating now how undervalued the share price is at 5p, when its their efforts that have brought it to this doesn't do much for me.

Looks like a cop out

[skif] 21/10/2022 07:45

That's a good update, why are people panicking. This company is way undervalued.

Finance will be sorted just chill out, so a great buying opportunity here.

[danmart2] 21/10/2022 06:51

Debt situation needs clarifying

[amaretto1] 21/10/2022 06:39

First payment due next week

[amaretto1] 21/10/2022 06:39

Still not sorted this debt issue out ..Not good at this stage

[bazboa] 21/10/2022 06:33

Good update....massively undervalued

[bigjames83] 19/10/2022 11:07

Showing off their newly minted finance agreement or going cap in hand to the plankton?

[jgregory10] 18/10/2022 19:04

Agreed it would be nice

[excellance] 18/10/2022 16:42

I just accept that the system is rigged, and retail plebs are merely plankton to be eaten by the bigger fish.

The world is a corrupt place, and market are no different.

[cinoib] 18/10/2022 14:04

O wowwww 5p is really flying now. Give me a break.

[pensionplanner] 18/10/2022 13:22

Depends how much it was for, as it would certainly add meat to the bones that RNS was to smash the share price for person or persons as yet unknown

[excellance] 18/10/2022 06:49

If RMM announce a takeover approach that would be a santa moment

[pensionplanner] 17/10/2022 14:28

I've put my letter in anyway, just in case.

I'm making a list
I've checked it twice
He's gonna find out
I'm not naughty I'm nice?

All I want is world peas (tic)
A refund from RMM?(tic)
Adeline if it fits in the sack

Sad though as many of us have got what we really need already but are often too blinkered to see it until we lose people we care about.

[vatnabrekk] 15/10/2022 11:48

Are you sure Santa is coming this year?

[excellance] 15/10/2022 11:21

I think recession will bite after Xmas. Loads of businesses are currently buoyed by seasonal factors in the run up to Santas brief visit.

[excellance] 15/10/2022 08:30

News next week I hope.

Q3 results at the very least, although we have some vague info on that already.

The time bomb goes off if we default on the Newgen loan agreement.

Economy wise, recession is very likely, so copper prices may be at this level for some time.

[pensionplanner] 14/10/2022 10:27

RNS Number : 2911Q
Rambler Metals & Mining PLC
27 June 2022

Rambler Metals and Mining PLC / AIM: RMM / Sector: Natural Resources



27 June 2022

Rambler Metals and Mining PLC ('Rambler' or the 'Company')

Hancon Share Payment and Issuance of Ordinary Shares


London, England, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a copper and gold producer, explorer and developer, is pleased to announce that the Board of Directors has today authorised the issuance of 2,102,400 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to Hancon Construction Co. Ltd ("Hancon") at a deemed price of 29 pence per share. Hancon a member of the Alliance Agreement as previously announced on 9 June 2022, in lieu of a cash payment for services provided in 2021.


June 9 report: shows Hancon is the development mining contractor, so employees would be theirs so I really do believe we need clarification of these 280 employees if we have Hancon as the contractor effectively the operator of the mine?

Hancon has been the development mining contractor at the Ming Mine since December 2021 and, with the same people under a different company structure since July 2021. The mining contract with Hancon has enabled the Ming Mine to advance its development in a way that would not have been achievable otherwise. As an indication of its confidence in the future upside of the Company, Hancon has agreed to receive up to C$1million of its account due from Rambler in equity, subject to shareholder approval at the AGM to be held later today.

Yes, it can be good to have shares paid in lieu, but it also has potential dangers, especially as it can reward inefficiency or failure by more shares in lieu or even encourage some organisations/individuals to ensure things aren't as good as they otherwise could be, because it can influence how many shares they get. These sort of deals should have cast iron performance targets.

Either way we really do need clarification of these 280 employees and who they actually work for, as otherwise you could end up paying twice, once in cash and then shares in lieu, and where to be quite frank Hancon were less than enthusiastic in providing me any details once I explained I was a shareholder in Rambler. We need to know a lot more about them, and about their 'reconstruction' and actually who the beneficial owners are.

hxxps://www.hanconconstruction.com
"Our full team of experienced managers, shifters and miners, ensure your project is carried out meticulously, while meeting all budgetary and time constraints."

[danmart2] 12/10/2022 18:17

Interesting revelation, clarity required.
Share price will linger at 5p or under until a plan and some control is demonstrated.

[pensionplanner] 12/10/2022 16:36

quite frankly it makes things look murkier still with regards to association reported by RMM re: Hancon.

So are RMM paying Hancon in shares to operate the mine, as then no doubt its Hancon's staff, but where we have an advert for chief mine engineer Rambler?

This murky situation needs cleaning up with regards the mine operator, who would presumably have a chief mine engineer.

Its like the 280 employees RMM have allegedly got....So how many have Hancon got or are they one and the same?

It needs urgent clarification

[bsg] 12/10/2022 14:41

Good news for who? It probably will not be all that good for existing holders.