Rambler Metals & Mining Share Discussion Threads

[amaretto1] 01/11/2022 11:29

Alternative could be large shareholders paying Newland off ! Don't rule this out They stand to lose far far more than 16 million 9 million UK

[pensionplanner] 01/11/2022 11:24

True, he was president and CEO.

I wonder if he regrets his appointment

[amaretto1] 01/11/2022 11:23

He was President and CEO ...The book stops with him ! He's cost many people investors big big money ...I'm pretty fortunate with my loss.

[pensionplanner] 01/11/2022 11:20

amaretto. Was Toby the Chief Financial Officer? Toby's a geologist not an accountant? Heads it all up but I would imagine like most companies they rely on those whose skillsets are particular to finance in those types of situation.

[amaretto1] 01/11/2022 11:03

This tactic is not uncommon....Let's face it ....All of us on here .... would lend 1000 pounds on a Car thats worth 10k ..It's the ethics involved here ...And the huge disparity in value of asset .... Asset to loan ..lean against. Toby was totally out of his depth in negotiations

[trader465] 01/11/2022 10:58

Some may remember the colourful Peter Laundau.

Mr Landau, the former director of Citation and Continental Coal, has pleaded guilty and will be sentenced in the Supreme Court of Western Australia on 31 January 2023 to:

- five counts of stealing as a director. Between June 2015 and February 2016, he stole approximately $2.2 million of applicant funds from a Citation bank account. Mr Landau did this without the knowledge of Citation’s other directors and went on to use the funds for his own benefit, the benefit of other related entities and to repay Continental Coal investors;

- one count of forging and uttering a bank statement that falsely showed $675,658 in a Citation bank account when there was only $117.55 in the account;

- one count of providing false documents to ASIC stating Continental Coal had received $2.6m from investors when they had only received approximately $57,000; and

- one count of authorising the giving of false or misleading information to the ASX, where Continental Coal failed to disclose its only income-generating asset had gone into administration and another statement that said assets had been sold, when they had not.

Mr Landau also pleaded guilty to one count of failing to hold applicant money on trust after he transferred $1,032,000 from a Continental Coal trust into other various bank accounts prior to securities being issued or the money being returned to the applicants. Mr Landau will be sentenced to this charge in the Magistrates Court on 7 February 2023.

[pensionplanner] 01/11/2022 10:48

amoretto. Good plan wasn't it. Prove up using shareholders, default and someone walks off into the sunset with a massive asset.

Seen it happen in other resource stocks.

Here though there may be some uncomfortable questions for some to answer, answers which may dictate whether its by unavoidable circumstances (which does seem a stretch of the imagination), directors being personally liable, or worse.

Take your pick

[bigjames83] 01/11/2022 10:28

Well it looks like those of us that held are getting nothing. FFS.

[bsg] 01/11/2022 10:17

It may be a 1 billion asset but that's two groups that have been unable to mine it for a profit.

[amaretto1] 01/11/2022 10:12

Now in line to get a 1 billion asset for 16 million .....Toby you want shooting

[amaretto1] 01/11/2022 10:02

That's exactly what he has been doing .....All his picks are at least half price .ECR .... HZM ...amongst many others Last year if you saw him on a Share .. do the opposite...Yet on RMM he's suddenly become the expert.....He usually bans anyone on his thread with a contrarian view ....He's followed by moron trolls

[pensionplanner] 01/11/2022 09:43

Cinoib. Personally I will look at what a poster writes, but if I make a decision its based on me taking responsibility for it, whether its a buy or a sell.

With regards to RMM I believe anyone would have believed its was bound for greater things, and that's not down to any poster.

[danmart2] 01/11/2022 09:38

Well wrote pensionplanner

Time for small shareholders to work together

[pensionplanner] 01/11/2022 09:30

Without going back to the original terms of the charge (link I published a while back). It doesn't look as though they've only just gone into default:

"In addition, the Company ceased to make payments of interest due to Newgen in September 2022."

Look there's bound to be animosity on this bb between those who sold and those who didn't and those who are suffering losses, but taking chunks out of each other won't do much accept get you angrier and quite possibly at the wrong people.

[pensionplanner] 01/11/2022 08:32

Without going through everything again, was it previously published that RMM had not even paid the September payment to Newgen?