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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 |
---|---|---|---|
18/5/2023 10:17 | in my opinion many of you are still chasing your tails, commenting about residual value etc. etc., not worth wasting time over. The only way shareholders would get value is via FCA or legal action strippings directors of limited liability status and do that and you get the full worth, paid for by directors or they lose everything personally. If you haven't contacted the FCA then don't complain about them not doing anything. It's always the more complaint, the more likely action will be taken by a usually useless organisation, but where even if they censured the company that alone would ensure they lose limited liability status. Some of the decision have been destructive, misinformation, even down to service contracts where I never did an answer about the relationship with the company overseeing mining operations. Likewise from quite early on many here made comments worried that RNS's etc. seemed almost designed to hit the share price Even the Newgen deal? When did we hear the actual details of this onerous deal at a time when Rambler could easily have raised the capital not to even need a punitive loan. They never even tried a corporate bond payable in shares only, and at one stage could have easily raised at 20p. | pensionplanner | |
16/5/2023 19:19 | Another Canadian copper miner Minto Metals has been stolen from shareholders. A new loan agreement with related parties 2 weeks before they closed the mine. I wonder if there is a link between Minto and what went on here? Minto will take London listed PERE down with it, another total loss for private investors. | trader465 | |
12/5/2023 09:50 | Yes. Please vote AGAINST on both resolutions. | leah16 | |
12/5/2023 09:32 | Just had my link to the voting portal - so just to confirm, we vote against voluntary liquidation and for the appointment of the two guys from Begbies? | mhard1000 | |
09/5/2023 16:59 | My broker, Hargreaves Lansdown, are chasing the custodian to provide what I need to have access to the meeting on 23 May and the voting. I have also chased the proposed liquidator, Begbies Traynor, and they sent me a PDF of the "letter to shareholders" (which is the letter posted on the Rambler website under "press releases"). They say they have now sent this to all the registered shareholders - but my broker has not received anything yet. You will see that there are two "remote" meetings planned - one pre-meeting on 15th May and then the voting metting on 23 May. Please vote AGAINST against the voluntary liquidation on 23 May because - whatever anyone says to us - it will only serve to protect the directors and will leave us in the worst possible position. We must do everything we can to keep our investments alive until the Canadian position is sorted. If the creditors choose to liquidate our UK Parent Company then we will have to accept that but we, as shareholders, must not initiate it. If any of us is prevented from voting or attending because of confusing and impossible hurdles we should challenge the validity of the process. | leah16 | |
09/5/2023 15:51 | Please keep chasing your own brokers AS WELL AS Begbies Traynor to exercise your vote AGAINST the liquidation. Begbies email details for the Rambler process are as follows (send emails to both addresses): rambler@btguk.com as-team@btguk.com There is a Letter to Shareholders with more details posted on the Rambler website (under Press Releases). There is also an Information Memorandum which tries to persuade us to vote in favour of a voluntary liquidation. Please DO NOT believe this. It will be the worst decision for the shareholders to agree to a voluntary liquidation and it will only help protect the drectors because they had no choice but to propose the liquidation. We must try to keep the company alive until the Canadian process is clearer. If you voted against a liquidation in the original meeting your vote will continue in place for the adjourned meeting unless you change it. | leah16 | |
09/5/2023 12:43 | Good advice Leah. | vatnabrekk | |
09/5/2023 11:58 | As "outsider" shareholders, we must all please actively vote AGAINST a resolution to liquidate our UK Parent. There is absolutely no upside for us to vote to voluntarily liquidate the UK Parent (and probably lose our entire investment) before the Canadian operating subsidiary sale process or other restructuring is fully completed and we know our position with more certainty. We must act in a co-ordinated way to maximise our say. If the creditors of the UK Parent put the Company into compulsory liquidation then at least it will be a court-appointed liquidator who will investigate the management team independently and we will have lost nothing. We must stay in the game as long as possible and at least we keep alive some hope of a co-ordinated recovery from this apparently productive but mismanaged mine. The voluntary liquidation was proposed by the directors to protect them from more personal liability, and this liquidator has been appointed by the directors themselves. We owe it to ourselves to keep our investment alive as long as possible so please actively vote against AGAINST liquidation (don’t just abstain). Please keep hassling your own broker AS WELL AS the proposed liquidator who is running the meeting (Begbies Traynor) to get whatever is needed to exercise your vote against the liquidation. Begbies email details are as follows: as-team@btuk.com (general team email) plus individual emails to paul.cooper@btguk.co They have said they will send all necessary info to enable shareholders attend / have their say and vote. If any of us is prevented from voting or attending we must challenge the validity of the process. Please DO NOT give the Chairman a proxy to vote on your behalf as they will just vote your shares in favour of liquidation. | leah16 | |
07/5/2023 21:51 | Toby alluded to the fact that Ming could have a 30 year LOM AND double current production. That would cost another hundred million spent on it, and clearly Newgen don't believe that the current Rambler team have the capability and won't lend them the cash, so they pulled the plug to reset, and someone else can have a go. As a going concern Rambler are worthless, due to unsustainable debt, history of failure, and high corporate costs. Someone will buy this for buttons. | excellance | |
07/5/2023 18:35 | Obviously! Doubt that will be the case. Prime jurisdiction with developed mine with long life.....negatives debt and cost to mine. Value after all debts and costs ..... any guesses? | goldnblack | |
07/5/2023 17:21 | It doesn't matter what it's worth because if there is only one interested party then the shareholders get zero. However if there are more than one interested party then it will depend on how much the highest bidder is prepared to offer. | vatnabrekk | |
07/5/2023 16:21 | The assets include... A load of drilling data A fleet of transport vehicles A mining fleet Processing and milling facility Fully equipped mine, licenses etc A large ore boddy Port facility Losses booked I wonder what that lot is worth. Versus a large debt. | excellance | |
07/5/2023 16:17 | Worth considering the sum of the parts style valuation, against debt and losses against tax. | excellance | |
04/5/2023 14:58 | The shareholder vote to liquidate was temporarily adjourned - apparently to enable shareholders to be better informed. In any event, it is clear to me that we, as "outsider" shareholders, should actively vote AGAINST any resolution to liquidate our UK Parent. There is absolutely no upside whatsoever for us to vote to voluntarily liquidate (and probably lose our entire investment) before the Canadian operating subsidiary sale process or other restructuring is fully completed and we know our position with more certainty. We are right at the bottom of the pile in which any recoveries will go to the secured and preferred creditors of the Canadian entity, and to the management team who failed us and who themselves have some "preferred" claims, and to all other creditors of the group. But if we actively vote against liquidation (and it fails to reach a 75% positive vote) then at least we keep alive some hope of a "restructuring" or recovery in this apparently productive but mismanaged mine and we prolong the life of our investment. In the meantime, it is true that the creditors could put the Company into a compulsory liquidation in which case there will be a court-appointed liquidator chosen by the creditors who will independently investigate the Company and its management - and any extra costs won't hurt our pockets as we have anyway lost everything. I am actually not sure what it achieves at all for the creditors of the UK Parent to instigate a costly compulsory liquidation too soon, before realisations from Canadian subsidiary are clearer – because they too will lose everything and the heavy costs will come out of any realisation they could have achieved for themselves. So please actively vote against a voluntary liquidation because it can only logically harm us as independent shareholders - it was proposed by the directors to protect them from more potential personal liability and we don't have any duty to vote for it unless we think it will help us individually to liquidate. We owe ourselves a duty to keep our investment alive as long as possible so please actively vote against AGAINST liquidation (don’t just abstain) if the motion is put forward again. | leah16 | |
04/5/2023 14:21 | News after delist | jasperthemonkeygod | |
04/5/2023 12:34 | Didn't Toby state that he had confidence in the asset...? We all knew that the asset is good, but the company, ie the set up and the people, are bloody useless. Obviously with a different setup and lower corporate costs, debt wiped clean, great assets, it could be a very different outcome. I've always said that RMM have been under funded for years, directors made small minded deals, totally inadequate. | excellance | |
04/5/2023 11:17 | The deacon ...looks like at least $110 to $120 mil from sale of rambler .elemental CEO is not mental ...he knows what the value of a copper mine with high grade copper and gold with all infrastructure mede during over a decade .the BOD was worthless but the assets are worth significantly more than the existing debt. Lots of things going on behind the door .. | didar007 | |
04/5/2023 09:29 | Price of oil falling helps a lot. | excellance | |
04/5/2023 08:01 | Mining.com | amaretto1 | |
03/5/2023 22:12 | Interesting comments from Fred Bell (Elemental Altus CEO) regarding the Ming sales process. Final topic discussed.https://ww | the deacon | |
01/5/2023 21:28 | 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. | excellance |
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