Rambler Metals & Mining Share Discussion Threads

[the deacon] 03/5/2023 21:12

Interesting comments from Fred Bell (Elemental Altus CEO) regarding the Ming sales process. Final topic discussed.https://www.kereport.com/2023/05/02/elemental-altus-royalties-2022-financial-and-royalty-partner-operations-review-and-growth-outlook-for-2023/

[excellance] 01/5/2023 20:28

They made a bad deal for finance, got unlucky on site, and the price of copper fell below the minimum required.

Debt kills...it was a reckless deal, as if designed to fail.

[didar007] 01/5/2023 19:53

Make it 20p/share for shareholders to give them some kind of return who trusted on this idiots .if there is a proper bidding war then looking forward to copper potential next year it could go to $110 to $120 millions .remember lots of debtholders are also holds shares in rmm and few institutional investors .they will not let it go anything under 100 million in my view . Not everyone is idiots like newgen and tb ( both are responsible for today's situation,the problem we had could be solved in gentlemen manner and could be good for all of us including newgen ) ...tb ,jm, William lamb and rambler BOD all are equally responsible what actually happened.

[excellance] 01/5/2023 18:56

The mine will very likely be successful, but only after the existing debt is wiped clean.

Newgen get paid, maybe other creditors get pennies to the pound. Maybe shareholders get a few pennies too, but a bidder will only bid what they believe they can pay and still guarantee a profit.

...but Newgen get paid.

[amaretto1] 01/5/2023 18:30

It's valued at approximately 100 M By recent Copper M+ A So in this distressed state ... imo your looking at 50 to 70 M Fire sale ..... Shareholders might get up to 10 pence back ....If it's sold honestly and above board.

[didar007] 01/5/2023 18:12

Hi amaretto1 .few weeks ago someone post here that somebody from Glencore valued our reserve about 500 million Canadian dollars .I can't remember was it you .
You also said Glencore and VW should be in the bid .
We have 30 millions deffered tax asset ,so really $25 million net debt . We are not producing now for lack of money but copper and gold reserve are there with all infrastructure been built for decades .
We just need few serious buyers who can actually see future unlike newgen and TB .
Everyone here pls try to reach as many buyers as you can .there should be a bidding war for rambler .

[amaretto1] 01/5/2023 18:01

No idea .....but Some one is buying Shares in the grey market ...Outside of the exchanges.

[didar007] 01/5/2023 17:52

Can we expect $100 millions from sale ?

[presto77] 28/4/2023 17:40

In administration and delistedWhat part of this do you not understand

[presto77] 28/4/2023 10:24

And thats a wrap

[mallorca 9] 28/4/2023 06:43

There you go .... the end ...simple as that.

Always remember, debt kills !

[ahhh luke warm] 27/4/2023 14:26

PP, has something actionable been lodged with the FCA?If so who has driven it?If it has I will send in a note to a contact at the IC who may write a piece and give more exposure on the matter. Any details welcome :)

[eatstocks] 25/4/2023 19:26

I will likely not check in here tomorrow but feel free to email me your counter arguments

[eatstocks] 25/4/2023 19:24

Hi thedustyone. I rarely comment on ADVFN. I started the Discord and I understand it's not for everyone. We now have an email members list and a few are kept informed that way.

If you are invested and want to be kept in the loop email me at [e-mail]

I started the discord long before this debacle as a group of guys I enjoyed debating stocks with got sick of LSE.

Started the discord in 2020 and now looking at building a dedicated server which might be easier to use for all age groups and computer literacy, meaning no need to be a geek.

[rental] 23/4/2023 20:05

from the rambler fb group,

Rambler UK is seeking shareholder consent to enter the Creditor Voluntary Liquidation process.

It is the opinion of RIG that the motions proposed should be voted against, as the motives of the Board so far have been against the interests of shareholders, and we fail to see how this, apparently unnecessarily accelerated process, will be any better, or provide any transparency and accountability.

The CVL process may also be used to sell off Rambler Mines Ltd, which holds the rights to Rambler Canada, removing it from ownership of Rambler UK, and so shareholders.

Vote against the motion by contacting your stock broker.

[thedustyone] 23/4/2023 06:08

Didar007 (post 9734)

I registered on Discord a while back but frankly I find the platform somewhat tedious and have not been visiting the group as much as I would like. Much easier to follow on here even though one has to deal with all sorts in the process!

Dusty

[excellance] 22/4/2023 09:01

No, because what has happened here is just part of the game.

[vatnabrekk] 22/4/2023 07:44

I certainly don't expect the FCA to do anything.