Rambler Metals & Mining Share Discussion Threads

[jasperthemonkeygod] 21/10/2022 23:00

I think a fair few of us were expecting it to ten bag from 20p tbh, myself included but in a slow and measured way

Think those days are over or at least wolterix and I will believe it when we see it

[excellance] 21/10/2022 16:04

They never inform retail investors fully, but I expect there's a clause in the Ng agreement that states that repayments must be from sale of produce and not from loans or placings. This is a normal condition, but it does tie our hands.

Anyone who signs a deal like the one we have should be shot.

Our CFO left a while back, and I can see why.

[danmart2] 21/10/2022 16:02

The more you look at what has happened (and what has not happened) over the past few weeks with Rambler, the more i am convinced something untoward has occurred and is planned and this is not in the interest of shareholders.

[pensionplanner] 21/10/2022 15:47

I would still contribute to corporate convertible bond at 20p conversion and would expect others would too, as get over this what some suggest is a contrived situation, then the sky is the limit.

So what would we prefer placing at 5p, losing control likely, or 10,000 holders where you would expect the Board of directors to dig into their pockets at £1,000 minimum knowing it would be say 5% interest accruing with capital converting at the end of say 5 years? In fact they could have done this before even going to Newgen with those rather onerous terms with a few million borrowings secured against a billion dollar asset?Don't believe Toby had much to do with the financing.

This still has an awful whiff about the situation where so much could have been done but wasn't.

The wait when they had already indicated fund raising, so could have done the above or raised at 20p, let alone basing calculation on an extremely flawed future copper price assessment, and which no doubt will be hit, but that's no good if in the meantime you can't service a debt, where normally you'd take the debt knowing you could service it and even take precautions.

I think someone or some people are going to do very very nicely out of this with this asset, but whether its shareholders remains to be seen.

[amaretto1] 21/10/2022 14:27

It would 10 X easily

[excellance] 21/10/2022 13:52

Let's assume another placing, let's say $10m, and a deferral of the Newgen loan, perhaps on better terms due to the operational improvements, what would our mkt cap and share price be then?

Remember, we need to settle old debts AND get Newgen off our backs AND fund several improvements, in a backdrop of recession, high interest rates and inflation, and war.

Is RMM a viable proposition?

Our mkt cap is just £8m

[rental] 21/10/2022 13:42

this could very easily gap up this afternoon and Monday

[amaretto1] 21/10/2022 13:13

Yes ... i agree !

[rental] 21/10/2022 13:12

someone is in the know and lapping up rambler shares today, look at the trades.

[pensionplanner] 21/10/2022 12:28

Excellence. Although the buck stops with Toby, the fault on this was not his.

He is an excellent geologists, no doubt RMM has those involved in finance, who should have known better.

A close eye will be kept on all parties, as this may be considered by some as stealing an asset off shareholders, even at 5p, a price crashed by RMM in a debt arranged apparently on some non existent copper price.

A search for brown envelopes, consultancies etc., will surely follow.

[jasperthemonkeygod] 21/10/2022 11:54

it reminds me of this

Not the Nine O'Clock News Union Negotiation

'and finally me and Mr Stuart here, would like to sleep with your wife'

[amaretto1] 21/10/2022 11:42

What would a big hitter miner do based in Canada....Looking on a billion pound mine ??U really think they arnt looking .... at this price

[excellance] 21/10/2022 11:35

I absolutely agree with what Toby is saying about the true value of RMM but the fact is that we are over a barrel, completely at the mercy of the bank, with no say in what happens next.

We should have seen this coming many months ago, but amazingly Toby continued to ramp up the positive narrative, even though he absolutely should have seen the elephant in the room and addressed it, but he ignored it, buried his head in the sand and did nothing.

If you were Newgen what would you do?

[amaretto1] 21/10/2022 10:49

Imo a low ball bid is inbound !

[pensionplanner] 21/10/2022 10:42

Hence whilst so many think this whole situation was contrived to get retail shareholders to pay for proving up a valuable asset, then take the whole lot away from there by busting the share price and engaging in an illogical debt based on a copper price that didn't exist!

[elpirata] 21/10/2022 10:10

just in case any potential bidders missed what we already know, he's helpfully flagged it again in that rns

'"The current share price of around 5p indicates an enterprise value for Rambler, including all its debt, of approximately US$40million. That is US$40 million for an operating copper-gold mine in eastern Canada with a billion pounds of copper in measured and indicated resource with significant exploration potential and several cost-reduction and expansion projects in the pipeline'

[excellance] 21/10/2022 09:56

A takeover would be the best way forward, because corporate and management costs can be massively reduced, but I don't think they want to do that, I think they want to take this private now it's proven to work.

[amaretto1] 21/10/2022 09:49

Or a buyer comes in ....Clears all debt ..The latter looks very favourable to any one in Mineing !

[highly geared] 21/10/2022 09:41

Principal debt holder either supports RMM and doubles down or they take the asset and sell it to others with equity wiped out.

[pensionplanner] 21/10/2022 08:23

Jasper
Whilst I don't condone your post, this has been something that has been mooted by many as possibly contrived at with the RNS being the hammer blow.

can anyone else defend a logic of:

'Doh I know what we will do, we will borrow millions based on a copper price we don't get and put our asset worth billions in jeopardy then issue an RNS that smashes the sp'


"They know they can make money from the mine but you lot won't make a bean becuase this will go into private hands imo."