Rambler Metals & Mining Share Discussion Threads

[vatnabrekk] 21/4/2023 08:07

What happened to the anticipated competitive bids from other miners to buy the company or buy the assets? Could that still happen?

[pensionplanner] 21/4/2023 08:00

Objective achieved by person or persons as yet unknown. Ably assisted by?

Too many have been holding out based on the perceived mine valuation. The only way holders would get a decent payout is pursuing directors by removing liability status. Then they Directors would have the problem of their making taken out of their pockets

NFC

[amaretto1] 21/4/2023 07:49

What u voting ? I'm thinking of changing my NO to yes

[tightfist] 21/4/2023 07:43

A Voluntary Liquidation always seemed likely to me, a shame that the mine/plant had to cease operations along the way..... IMO not a bad time be offering an oven-ready copper outfit, in a quality jurisdiction.

[amaretto1] 21/4/2023 07:32

RNS today .....Shareholders have completely lost trust in RMM !

[amaretto1] 20/4/2023 21:35

Just like to make clear .... the debt is in Canadian dollars !

[amaretto1] 20/4/2023 21:29

How's your other investments going ?? U running the same rule over them ... or it's just wait and prey that at least one survives !

[amaretto1] 20/4/2023 21:22

Yes right ... that's why you two invested in the past ? It's 50 million debt !!!With 30 million tax incentives....Who would invest or buy it ?? R u seriously having a laugh .....It's Copper not fish fingers ... u pair of half wits ....With a 100 million investment.. it could produce 20 - 25 k per annum ...i listen to people in the know ....

[excellance] 20/4/2023 21:02

If someone doubled the size of the mine and built a railway to get the ore to port more cheaply than using trucks, then the cost per pound could be reasonable, but with $60m debt under the hood, oil at $75+, and inflation killing everything, who would invest the required half a billion dollars?

[bsg] 20/4/2023 08:50

That's two lots that have tried and failed to mine Copper here. It seems it isn't viable. May be labour costs in Canada are too high. So if any of it is sold it will be for diddly squat.

[didar007] 19/4/2023 21:35

Total us$55 million debt ,us$30 deffered tax asset .so in reality us$ 25millions net debt .
With 200+ sales documents been sent to interested parties so far ,copper price from h2 2023 and as amaretto said buyers like VW and Glencore bid will be start from $100 millions.there will be lots of sensible investors who understand how it is important to invest in copper mines now considering future copper value in coming years .not everyone is stupid like TB,rmm BOD and new gen who could actually solved these problems and keep a potential business for near future in 2/3 years .some predicted copper will be $15000/ton by 2025 .at that time these morons will regret for what they did and shoot their own feet.

[amaretto1] 19/4/2023 20:46

50 million Canadian dollar debt 20 to 30 million tax incentives. Copper grade near 2 percent. Costs at 2.8 per IbHello !!

[amaretto1] 19/4/2023 20:40

GLEN .. Copper price target 12000 Sees 25 percent upside from today's price ! 23/24.What price would they see RMM at ? 19th may 23 initial bids will be put forward to Grant Thornton. Imo this will include VW Germany + Glencore Canada amongst others.

[amaretto1] 19/4/2023 20:17

Just voted NO !

[presto77] 18/4/2023 13:42

SISP is like Ch11 in Canada Allows them to try to restructure in advance of sale process Its all there in black and white

[presto77] 18/4/2023 13:40

There can be no assurance the SISP will result in a transaction and given the level of secured debt obligations of the Company, there can be no assurance with respect to the levels of recovery, if any, for the Company's unsecured creditors or shareholders

[jasperthemonkeygod] 18/4/2023 13:36

you're talking about the CVA

not the SISP

[presto77] 18/4/2023 13:32

Correct excellence So whats a mine that just went bust worthAnswer is enough to pay out the seniorcreditors maxNo one had any upside in bailing the equity holders out

[jasperthemonkeygod] 18/4/2023 13:10

presto's redticked me

bless