Rambler Metals & Mining Share Discussion Threads

[mrpiggy] 06/1/2023 11:16

What it all boils down to is that rambler cannot produce a single pound of copper profitably with the NewGen debt, its as simple as that. What I cannot figure is why Toby Bradbury used retail investors money to ramp up production to 4 working stopes when he couldnt mine copper profitably unless he was gambling on a much higher copper price. (Gambling with retail investors money I might add!).

[excellance] 06/1/2023 09:32

He loves his job, gets paid fortune's.

[trader465] 06/1/2023 09:31

If Meyer was any good he wouldn’t be “working’; for his income.

[excellance] 06/1/2023 09:25

JM owns shares too.

At least business is continuing, wages and credit paid

[the_sage1] 06/1/2023 09:14

John Meyer recent interview, he has RMM down of one of his share picks for 2023, of course Meyer works for share price Angel who are the company's Nomad.

[pensionplanner] 05/1/2023 12:22

Oh no its still in Ramblers hands. I posted the link to the actual deal and I'm sure newgen would be happy to receive a cash sum, but then not if the whole agenda was for shareholders to prove up the billion dollar asset, to have it wrenched from them.

Toby at the helm, but doubt he was involved in the finance side of things, but yes buck stops with him, albeit some may think he may have been somewhat set up.

However, they could have and still could sort it out IF THERE IS THE WILL TO DO SO, and many have been worried about that especially after such destructive RNS's, which seemed designed to make things worse.

If it was not in Rambler's hands they would have to say so. But instead you could be forgiven for thinking correctly or incorrectly they are doing nothing, waiting for delisting?

Again the worrying thing is who actually stands to gain because Newgen are only the Administrative Agent for the loan to Rambler with as yet anonymous individuals/companies who Newgen may be acting for.

If you look at the finance deal which is available on Companies House site, there appears nothing to stop Rambler raising finance to Newgen.

If it was out of Rambler's hands I doubt Rambler would have been able to have forward sold gold or forward sold copper?

[excellance] 05/1/2023 11:51

It's no longer in Ramblers hands, if Toby had ANY honour he'd resign now.

The terms of the Newgen loan were never made public, but usual senior credit terms usually state that repayments must be made from trade and not from refinance.

RMM are screwed.

[pensionplanner] 05/1/2023 11:21

Trader. I'd love for you to be proved wrong re: Delisting, but the lack of news from the BoD of Rambler and not even pursuing open corporate bond deal which would be less dilutive on assets we all know is considered to be over a $1billion.

They delist at their peril, as I will consider action which could make them personally liable under the Companies Act if successful.

[pensionplanner] 20/12/2022 09:26

Surprised indeed that Rambler appear to have made no attempt to consider more viable ways of removing the debt. There are so many opportunities for them to resolve this with shareholders interests at heart? Still not too late for corporate bond issue with set interest rates, but interest and capital all repaid by shares. It could have been 20p conversion, but now I suggest it would be 15p, but still a better deal for shareholders.

Are they trying to save this company in the most effective way or are the suspicions raised by others correct?

Some may be forgiven for believing Rambler has no intention of saving the company, giving credibility to the comments some have made previously about leaving shareholders to prove it up, then have it snapped up from shareholders and who knows if that is the position now.

There seems little effort contacting shareholders for a way out or is it like a story some were saying with time passing to hope its forgotten and let time pass until the share is actually delisted rather than suspended, which would suggest some may have been right all along about letting shareholders foot the bill for proving up and then having the assets stolen of shareholders which has happened elsewhere. Time will tell.

[amaretto1] 15/12/2022 15:25

Isn't it time for your lady boy to come round ? U clueless Nonce

[trader465] 15/12/2022 10:01

No, these are toast, they’ll be delisted soon.

[scars] 15/12/2022 09:58

any chance the suspension will be lifted here soon?

[amaretto1] 09/12/2022 10:12

Goldman Sachs putting a 11000 dollar per ton out on copper for 2023

[amaretto1] 08/12/2022 13:45

" huge deficit "

[amaretto1] 08/12/2022 13:44

Copper at 3.9 IBGlencore sees huge short fall in supply for 2023.

[pensionplanner] 06/12/2022 08:29

Personally I don't understand posters who point to someone else's losses as some sort of victory, nor those who persistently sow doom and gloom seemingly enjoying the prospect of others losing money.

We invest to make gains, not to see how much someone else loses.

[trader465] 05/12/2022 17:28

I’ll be out long before any mining or dilution you plank

[trader465] 05/12/2022 17:16

I can sell them if I wanted to, they are not suspended and bankrupt like this ole dog 😆😂🤣

[trader465] 05/12/2022 16:35

Get yourself down to specsavers they’re looking bust to me

[amaretto1] 05/12/2022 16:30

RNS Looking good !!

[master rsi] 30/11/2022 22:18

at 21:40

Copper $3.7832 +0.1437 +3.96%

Gold $1,783.00 +34.60 +1.98%

Silver $22.383 +0.988 +4.62%

[jasperthemonkeygod] 30/11/2022 10:38

life in the old dog?



Duties and Responsibilities:

Monitor and analyze monthly operating results against budget;

Prepare and investigate monthly variance differences;

Assist with coordinating debt financing and debt service payments with external vendors;

Reconcile and analyze Balance Sheet accounts on a monthly basis;

Identifies and resolves Account Receivable;

Resolves issues including client reporting, billing and payment issues;

Support managing the preparation of financial outlooks and financial forecasts;

Assist with preparation of financial analysis for contract negotiations and product investment decisions;

Provides budget process support and business plan analytical support;

Direct financial audits and provide recommendations for procedural improvements;

Data entry;

Other duties as assigned.