Rambler Metals & Mining Share Discussion Threads

[amaretto1] 08/3/2023 19:26

Ignore him .... he's been harassing me on several threads ....He's getting dealt with !!

[pensionplanner] 08/3/2023 18:45

If he did then we should wish him success in other investments, not gloat over someone's losses.

Perhaps its human nature, but what does someone's loss do for our investment? Nothing.

[halland75] 08/3/2023 12:43

Oh dear!
I hope people aren't following any investing advice from AmarePoo...

ADVFN's very own laughing stock who believes he is a Mafia member.
Worse still he admitted buying STX at over 63p, it is now 7p!
Said he had "mentally written it off".

The fool bought AGL at over a pound, now 25p!

You've been warned ⚠️
😆

[amaretto1] 08/3/2023 12:35

All I'd like to know .... from any mining people on these boards ..Can the mine produce 20-25 k per annum.. is it achievable ??With sufficient investment....If so your looking at Mid tier or even Big boy interest !!! Why I'm Asking... with all the BS on finances being released by RMM ..Is this bit true ?

[vatnabrekk] 08/3/2023 11:47

amaretto, I'm not saying that is what I believe will happen, I'm just saying that it will depend on what any potential buyers want to offer, and whether they want to buy the companies or just the assets. I'm aware that it is the company that's up for sale.

[amaretto1] 08/3/2023 11:44

It's a far cry from the actual future value of this mine ....But something is better than nothing

[vatnabrekk] 08/3/2023 10:42

Is it? Are we sure? I imagine it's whatever they get offers for?

[jasperthemonkeygod] 08/3/2023 10:29

it's the company that's for sale, no?

[vatnabrekk] 08/3/2023 10:20

Jasper, that's if they buy the company, but not if they buy the assets from the company.

[pensionplanner] 08/3/2023 10:09

MrPiggy but all that changes if the Directors become personally liable

[mrpiggy] 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.

[jasperthemonkeygod] 08/3/2023 09:28

the buyer inherits 19p of debt, but 19p of tax write offs

[vatnabrekk] 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.

[pensionplanner] 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.

[tightfist] 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

[vatnabrekk] 08/3/2023 08:02

Depends what the "highest value" is!

[tightfist] 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.".Sounds good to me! tightfist

[jasperthemonkeygod] 07/3/2023 14:56

I also make the deferred tax 19p per share too interestingly, it's listed as an asset

[amaretto1] 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 !!

[jasperthemonkeygod] 07/3/2023 08:18

ok, I make the debt 19p per share

[amaretto1] 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.

[thejam4] 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

[amaretto1] 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