Rambler Metals & Mining Share Discussion Threads

[jasperthemonkeygod] 18/8/2023 13:48

how much though?

[jasperthemonkeygod] 18/8/2023 13:46

August 18, 2023

Rambler Metals and Mining Canada Limited (RMMCL) ("Rambler" or the "Company"), a copper and gold producer, explorer, and developer, is pleased to share an update on the completion of Phase 3 of the Sales and Investment Solicitation Process (“SISP”).

The Company is pleased to announce that, in consultation with the Company and the DIP Lenders, the Monitor has selected a Successful Bidder pursuant to the SISP.

The Company and the DIP Lenders are supportive of the Successful Bidder’s Phase 3 binding offer, and the Company and Monitor are working diligently with the Successful Bidder to finalize Definitive Agreements prior to the upcoming sale approval application on September 11, 2023.

A further communication will be made to stakeholders ahead of the next scheduled court hearing on September 11, 2023.

[vatnabrekk] 14/8/2023 14:51

Zilch, it seems.

[mhard1000] 14/8/2023 14:23

News anyone?

[didar007] 04/8/2023 21:12

Any news anyone?

[jasperthemonkeygod] 01/8/2023 09:50

how long to pick a winner?

The Monitor, in concert with the Company and the Debtor In Possession (“DIP”) lender have agreed to extend the deadline for the conclusion of Phase 3 by ten days to 5:00pm Newfoundland Standard Time on July 31, 2023. This extension is being granted to afford the Phase 3 Qualified Bidders additional time to finalize their respective binding offers. The extension of Phase 3 does not affect the overall completion date of the SISP, which remains at September 11, 2023. Once a successful bidder is selected pursuant to the SISP, a further communication will be made to stakeholders.

[jasperthemonkeygod] 21/7/2023 13:33

this is the news source Mhard1000

[mhard1000] 21/7/2023 10:01

Any news on Rmm on here from anyone? It's all a bit quiet!

[amaretto1] 19/7/2023 20:06

Phase 3 extended 10 days to 31 July imo No auction will be needed ! SISP closure unaffected

[didar007] 12/7/2023 14:21

Last c1 cost reported $2.9. with installing ore sorter it will come down significantly .it was the management that ruined it .reserves,grades and assets are outstanding .with 30 millions more investment anyone can produce 15000 ton copper per year from it .copper is going to hit $4 very soon .

[radfordp] 12/7/2023 12:10

"But if it costs more than $3.78 billion to get out the ground it's not a lot of cop. Two companies have failed to extract the ore at a profit"

But they have tried to do it on a shoestring with plasters..


Maybe, it needs a rethink? and capital investment..

Some of those grades declared were outstanding..

[bsg] 12/7/2023 11:16

But if it costs more than $3.78 billion to get out the ground it's not a lot of cop. Two companies have failed to extract the ore at a profit.

[didar007] 11/7/2023 21:36

Any price prediction from fellow investors if we go to auction at 28th July? Any guess ?
What the point of having $3.78 billions worth of copper in reserve if we can't sell it for 100+ millions?

[excellance] 08/7/2023 14:34

On HZM there are many positives, but there are always unknowns, and one of those is the details of their $633m funding arrangement, particularly the repayment terms and the libor + 4% terms since libor no longer exists.

At least HZM secured funding in abundance instead of drip feeding amounts always too little too late like here at RMM.

Yes I got it wrong here, but so did the directors who signed the deals and spun out lies.

There's a lesson there...

[didar007] 08/7/2023 14:30

If 3 of the deep pocket goes for a bidding war can we have $100+ millions based on huge reserve and grade of copper and gold we have ...any guess anyone ?

[excellance] 08/7/2023 14:30

I haven't edited any posts?

[amaretto1] 08/7/2023 11:15

My answers don't take in to consideration of you editing your posts Afterwards

[excellance] 08/7/2023 11:02

With government bonds now yielding over 6% on a two year note, all cash is going into bonds, there's a stampede!

I think rates will go higher, maybe 7%, and for a risk free bet that is fantastic.

Stock indexes and house prices will suffer until the market sees a peak in rates and a possible change of trend, and that could be six months or a year away.

Within that there will be some exceptions, some exceptional bargains at distressed valuations. Rambler is one of those, but whoever buys the assets will get great value.

I fully expect the debt to be cleared, plus costs, because if Newgen don't get their money back they've made a big mistake pulling the plug, and I think they already know what certain bidders will offer.

We all know that the resource is exceptional, it's just that RMM got their funding all wrong, made some mistakes, and were unlucky with timing too.

If someone offers $70m then shareholders get a little money back.

[lekka] 08/7/2023 10:16

Guess is a noun:

an estimate or conclusion formed by guessing.
"my guess is that within a year we will have a referendum"

[amaretto1] 08/7/2023 09:49

With your self proclaimed minimal knowledge of the mining sector On What basis did u come up with those figures ?

[amaretto1] 08/7/2023 09:47

Who's the someone and somewhere ?

[amaretto1] 08/7/2023 09:46

Their is several companies still in 3 of them are key players Tell your other source to get their facts right

[lekka] 07/7/2023 21:30

Three bidders left in says someone elsewhere!

My guess CAN$ 30-40m

Just enough to pay some creditors and Grant Thornton.