Rambler Metals & Mining Share Discussion Threads

[vatnabrekk] 28/2/2023 08:23

The MCAP is sitting at only £9M, as at suspension. Surely they will get multiples of that for it?

[jasperthemonkeygod] 28/2/2023 08:10

bit boring bsg..

:)

[amaretto1] 28/2/2023 08:06

All I'm pretty sure of .... it will be over closing price of 5 pence !!

[amaretto1] 28/2/2023 08:03

The thing is .... all the Copper mine buyers are definitely going to be notified of this ..... And what I've heard ... plenty are in the market ....It's a hard one .... the resource in situ is by my contact worth 1.50 ...No argument their ?? If it's a quick .. fire sale bla bla ...I'd say 25 pence .... I've no idea

[jasperthemonkeygod] 28/2/2023 07:52

Shall we have some fun?

Fag packet calcs, please ladies and germs

40p per share..

[amaretto1] 28/2/2023 07:46

My post 9450 is clearly on the mark. It's all set up for a open sale of the mine ..... At what price is the only debate ! Is it big enough for a major .. like Glencore ? Anything over 50 million.... shareholders will benefit....Equity + debt .... Newgen look to be on side now for this outcome imo

[excellance] 28/2/2023 07:44

Not a fire sale, looks like it's being treated as a viable going concern. Good news.

[tightfist] 28/2/2023 07:36

Time and Stability are meaningful words "......that it was in the best interest of the Company and its subsidiaries, including Rambler Canada, to commence the CCAA Proceedings to allow time and stability to develop and implement a sale and investment solicitation process (the "Strategic Process") supervised by the Court and Grant Thornton Limited......" Co-writing the score for my Fat Lady? tightfist

[jasperthemonkeygod] 28/2/2023 07:23

Yep

That's why it's interesting

[tightfist] 28/2/2023 07:21

Jasper: "....The Strategic Process will be conducted by the Monitor under the Court's supervision and has been designed to achieve the highest value available or otherwise best offer for the Company, its subsidiaries, and its stakeholders....".Given the business organic cash generation combined with the DIP loan facility, IMO there is no need to set a fire? tightfist

[jasperthemonkeygod] 28/2/2023 07:16

Fire sale

Interesting...

[tightfist] 27/2/2023 13:26

IMO RMM could be reborn as a Phoenix in the right hands and with robust capitalisation. The Fat Lady isn't even near the stage yet..... Her chauffeur may be Grant Thornton?

[danmart2] 27/2/2023 13:07

I have come to the conclusion Ramblers is dead from a UK investor point of view

A serious investigation is required

[amaretto1] 27/2/2023 11:55

it's giving them time and breathing space .....Which imo will lead to a full sale of the mine ...Plenty Copper reserve buyers in the market .... Notebly USA car manufacturers !

[tightfist] 27/2/2023 10:22

Hi PP, there is certainly a lot that could come out in the wash, though I don't suppose we will ever know the complete back-story. (Are you including consideration of the CFO change on 24th March last year?)..Hopefully the legal process will now kick-in under the Monitor and ensure fair play for all stakeholders. DYOR, tightfist

[pensionplanner] 27/2/2023 08:50

tightfist. Be even more interest to find who the investors were at Newgen, as they were loan administrators, not necessarily the investors for the debt. I can't help wondering why someone set up that type of debt in the first place, as you'd have to know it was a millstone, when plenty of other raising options existed. Would hope that whoever set up the deal isn't one of the investors via Newgen financing that debt as that would be the last straw.

[tightfist] 27/2/2023 08:23

Whoops, I missed this bit: "The mine is ready to resume and, following the issuance of the Initial Order, the Company expects full operations at the Ming Mine to restart on 28 February 2023"

[tightfist] 27/2/2023 08:21

Yes, posts #9341-2 prefaced Canadian law which I I am pleased to see - plenty more skin (employment, streaming agreements) in the game over there. It would be interesting to see a listing of the involved "senior secured creditors" who all have their snouts in the trough. Note that the Sandstorm agreement (20th Feb RNS) defaulted last night (the 26th) alongside the previously defaulted Altus agreement. DYOR..The mine was scheduled to recommence last Friday, the 24th, so presumably the Initial Order will receive some rapid action. GLA, tightfist

[amaretto1] 27/2/2023 07:53

It's the best we could have expected at this stage ... Any one notice the Canadian law bit ?That I've mentioned on several occasions ... but vilified by the resident so called experts on here !!! Anyway..... we all have a chance !!! GLA

[pugugly] 27/2/2023 07:50

As very uncertain future is not suspension justified?

[tightfist] 27/2/2023 07:48

Very Interesting developments at RMM and the directors are going the Canadian legal route, so we have unfamiliar terminology..With the appointment of Grant Thornton as "Monitor", "....Directors and management of Rambler are expected to remain responsible for the day-to-day operations of the Company, under the general oversight of the Monitor..." and "...a conditional DIP agreement for a loan of US$5.0 million with RMM Debt Limited Partnership by its General Partner RMM General Partner Inc., representing certain senior secured lenders to RMMCL..." IMHO it gives the prospect of a fresh lease of life to RMM..Personally I am not over-fussed about immediate short term trading - however could this create an immediate buying opportunity? As ever, DYOR! tightfist

[excellance] 27/2/2023 07:39

Good news, but legal process to follow.