We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rambler Metals & Mining Plc | LSE:RMM | London | Ordinary Share | GB00BLFJ1613 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.375 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
08/3/2023 10:42 | Is it? Are we sure? I imagine it's whatever they get offers for? | vatnabrekk | |
08/3/2023 10:29 | it's the company that's for sale, no? | jasperthemonkeygod | |
08/3/2023 10:20 | Jasper, that's if they buy the company, but not if they buy the assets from the company. | vatnabrekk | |
08/3/2023 10:09 | MrPiggy but all that changes if the Directors become personally liable | pensionplanner | |
08/3/2023 09:34 | I couldnt agree more vat!Just lick your wounds and move on guys, venting your feelings on here my help you feel a bit better but it wont change anything. You win some, you lose some!Good luck all with your future investments. | mrpiggy | |
08/3/2023 09:28 | the buyer inherits 19p of debt, but 19p of tax write offs | jasperthemonkeygod | |
08/3/2023 09:17 | They will probably sell the assets rather than the company, because the buyer will not want to inherit any "baggage". And RMM may only get enough to clear its debts leaving the shareholders with zero. I hope not, just saying it's possible. | vatnabrekk | |
08/3/2023 08:43 | tightfist. The outcome I seek is to make directors LOSE their public liability indemnity which would ensure they are personally liable for any losses. Effective liquidation will never realise the potential of what was described as a billion dollar asset, where some companies are deliberately run into the ground after shareholders assets have proved up an asset, only to have the value robbed off of them. Legislation now makes it much easier to strip directors of any protection afforded by PLC status, which would make them all personally liable for any losses etc. Judging by some of the news flows and decisions it may be unlikely they could get out of that outcome! So whilst we discuss the forced sale of assets and what they might fetch, we really need to look at the bigger picture. | pensionplanner | |
08/3/2023 08:21 | A fair point Vatna! What outcome do we desire - Sale or Refinancing (possibly with revised management) to continue/expand operations? .I havnt followed RMM that closely but, financing apart!, operationally the seem to be doing the right things and have good opportunities? tightfist | tightfist | |
08/3/2023 08:02 | Depends what the "highest value" is! | vatnabrekk | |
08/3/2023 07:46 | This morning's RNS: "...the next hearing is set for 15 March 2023 for the Court to consider a proposed sale or investment solicitation plan (the "SISP", or the "Strategic Process"). If approved by the Court, the Strategic Process will be conducted by the Monitor under the Court's supervision and will be designed to achieve the highest value available or otherwise best offer for the Company, its subsidiaries, and its stakeholders.".Sound | tightfist | |
07/3/2023 14:56 | I also make the deferred tax 19p per share too interestingly, it's listed as an asset | jasperthemonkeygod | |
07/3/2023 08:48 | All you need to know ....The mine is worth minimum of 85 million UK .....Less debt ....Last January update.... Showed Gold in Assay.... for previous qtrSo this amount claimed by Sandstorm would be honoured. All i do know some London based crook is trying to steal the mine imo.Today will be telling !! | amaretto1 | |
07/3/2023 08:18 | ok, I make the debt 19p per share | jasperthemonkeygod | |
06/3/2023 21:05 | So a buyer at 100 million ....With a further 100 million investment Up output to 25K T PA Copper at 4 .... Would achieve a 200 M PA turnover mine. With a 15 year life span. | amaretto1 | |
06/3/2023 20:21 | No one’s gonna pay 250 million for this rubbish what planet are you on Anereto are you related to moon be lucky to get enough money to pay back secured creditors | thejam4 | |
06/3/2023 20:15 | 250 M USA dollars are 340 million Canadian dollars. The 50 million Canadian dollar debt is approximately 25- 30 UK pounds. 100 million USA dollars fire sale price would work out at approximately 85 million.....Less debt .... would leave 50 M 25 - 35 pence for shareholders. | amaretto1 | |
06/3/2023 19:45 | Odviously with those numbers... you would have to determine exchange rates .....Global Mines + commodity's are valued in USA dollars. So you need to allow for the Canadian exchange rate.... So all RMM debt is approximately 25-30 M Secured + unsecured | amaretto1 | |
06/3/2023 19:34 | All the numbers available....From investment to mine life all add up ! | amaretto1 | |
06/3/2023 19:28 | The Mine is worth 250 million accounting for the proven resources. Even a distressed sale would imo easily achieve 100 million. Several active Copper buyers are in the market not just from the mining community. At 100 M fire sale less debt of 50 million... would give shareholders 25 -35 pence ! | amaretto1 | |
06/3/2023 19:23 | Yes PP, you are right! | vatnabrekk | |
06/3/2023 18:44 | Vatna. They are a waste of space, but they can easily hide that if few people actually contact them. Much harder for excuses if loads contact them, and even if they just fined the company, that would be a de facto reason for the company directors being liable for the losses losing the indemnity of public limited liability. Amaretto. As I understand it you were stating that the contract was under Canadian law, which in fact it wasn't, but luckily the protection from bankruptcy, rather like the states, can shield to a certain extent but it won't change the agreement terms, which were absolutely horrendous from the start. | pensionplanner | |
04/3/2023 17:53 | A really useful figure to know would be the total amount owed to creditors/ number of shares Advfn is useless for that, and the pdf's filed are as clear as mud | jasperthemonkeygod | |
04/3/2023 12:25 | Hi Amaretto1 and PensionPlanner. I really like your well researched and thoughtful posts, much better than the LSE debates. Quick question have you signed up to the RIG investor group yet? I have been very positively surprised by the quality of the debates there and the credible push to get the RMM issues resolved to the benefit of shareholders. If you are not signed up yet I really would as the more of us work together the better. All the best P | pedro57 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions