Rambler Metals & Mining Share Discussion Threads

[excellance] 23/2/2023 08:59

Like DME too

[amaretto1] 23/2/2023 08:41

And that's why the Gold as not been handed over ...And why we have not hedged over 4 anymore copper .....You would be all far safer investing in Africa ... or even Russia !!! You saw what happened during Covid with the Canadian truckers

[trader465] 23/2/2023 08:36

They don’t have the option to place because the default clause has already triggered, the lender calls the shots now.

[amaretto1] 23/2/2023 08:31

If they had ? Or can they still place ?

[amaretto1] 23/2/2023 08:31

You write in a completely contradictory manner !!! Read back your post

[vatnabrekk] 23/2/2023 08:09

This is starting to smell a bit like what happened to African Minerals, which lost me a fortune!

[amaretto1] 23/2/2023 06:44

He's got strong connections in Canadian government !!!The none negotiating of a loan based supposedly in Toronto... does not look good at all for investors from out side Canada !!Or is this a London sting ??

[amaretto1] 23/2/2023 06:41

Agree .... do you think that's a possibility.....I've talked to some heavy shareholders ... off record... they think it was a set up !!Like I've said before .... Brad mills reputation seriously on the line here !!

[excellance] 23/2/2023 06:39

If they placed shares to pay off the debt Newgen and their connections would have been denied their prize.

[amaretto1] 23/2/2023 06:27

Were are all these Asian ... Car producers etc for Copper ?? Absolute set up !!

[amaretto1] 23/2/2023 06:25

End of the day ... Newgen COULD lengthen the loan or give a little longer grace payment The fact is they won't !!! Reason ?? They are in the process of taking the mine for absolute peanuts compared to copper in situ .......AIMO of course.

[rental] 22/2/2023 23:06

Has anyone checked the loan newgen organised that Toby isn’t one of the lenders or know to the lenders, this is all such a shocking situation that their must be reasons why we didn’t have a placing to pay the loan payment. at 20p share price when this hit, it’s beyond belief FCA are not getting involved yet.

[pensionplanner] 22/2/2023 15:39

Vadna.Something I have repeatedly asked for was more details of the contractor and more details about who the investors at Newgen were as they were only administrators of the investment acting on behalf of unknown investors.

Likewise I've asked that they investigate those who set up this clear millstone and any associated parties who would know the value of the asset, and where then a great incentive to have a deal designed to fail.

[trader465] 22/2/2023 13:37

“The Loan Note will be secured by first ranking security over all assets of the Company and its material subsidiaries”

[amaretto1] 22/2/2023 13:05

Covering all bases imo ....The Gold RNS is a sham..... RMM have clearly still got the gold !!Well they did have end of January

[vatnabrekk] 22/2/2023 12:37

But why does NewGen not just get on with it, if that's their end-game?

[amaretto1] 22/2/2023 12:29

The Newgen loan was and still is a Noose !! Like many other companies that have ended up in administration

[pensionplanner] 22/2/2023 12:17

Bertie. Would you have subscribed and would you still subscribe to a 5% fully convertible bond convertible at 10p?

That would have been viable at a 20p conversion rate before the rather orchestrated RNS that did such a lot of damage and like many of the actions of RMM gave a distinct impression of some trying for whatever reason to cause asset to be seized.

I still believe a convertible bond offered to shareholders could be a viable way and indeed should have been the way to go way back, rather than a 'deal' if you can call the Newgen debacle a deal!

Mentioned the above on many occasions, and it was suggested but totally ignored.

As a holder of a significant amount, I do not want this construed as a concert party, merely a query.

[amaretto1] 22/2/2023 06:25

It's in the January 23 RNS update Scroll to end .. it's astrix 2 qtrs With foot note. Adds up to the Gold owed in claim.

[rental] 22/2/2023 00:29

harps, i cannot see one.

[vatnabrekk] 21/2/2023 21:35

Is that worth about £1.5M?

[amaretto1] 21/2/2023 20:01

Their Business plan was Copper at 4 We are now trading at over 4 All we needed was a 6 month breathing space on loan