Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Genuinely have sympathy for the Rambler board truth be told. The RNS - ridiculous. The lack of disclosure of the precarious cash position even a few weeks ago - ridiculous.
But if you look back through the companies past they have been beset by issue after issue and the most recent was frankly out of their control. If the copper price had remained high for perhaps just a few months more or even peaked later when production output was higher, the cash position could have been in a completely different state, although not resolved certainly with significantly more leeway and a better bargaining position for negotiating new debt.
Perfect storm of a dropping copper price and almost unprecedented inflation at frankly the worst moment. Not advocating how management have performed but they sure did luck out.
Like many, lost plenty here in the past few days but I am far from convinced the Rambler story is done. Toby was buying just a couple of months ago when the copper price was lower than it is now, admittedly the systems may have been so inadequate that he genuinely didn't know Ramblers cash position but I still have hope that this doesn't turn out quite as bad as some expect.
Of course could very well be wrong but for now am firmly staying put
Added to that, Canada seem intent on becoming a major global player in the EV industry from mining/cathode materials to OEM's. I'm of the belief they would not be keen to see a domestic mine producing a material so critical to the EV industry to go under
Also my thoughts wilco. As we know, canada has classed copper as a critical element, there is no way they will let a producer with rmm's assets just shut down.
Really well put Wilco, summarises my thoughts also and I’m in the same position. I’m also quietly confident about copper price due to various developments, so this could be a big help.
Rmm best position of its lifetime just need money that it
Presumably the copper price resurgence and strength of the dollar will be making quite a useful difference this month. So it's not all downside at the moment. I'm sure they will get through. TB is not giving up a billion dollar asset to pay a few creditors and a $20m loan. He should do a 1-for-1 rights issue at 10p - I'm sure many (most) shareholders would stump up.
I doubt they would unless they have a small holding, considering the price was fairly cheap, a lot of people have a hefty amount of shares.
OK then worst case - we have to flog the mine. If it's really a $billion potential, and requires, say $50m to get it working, you'd thnk someone would buy it for minimum $50m, probably nearer $100m. Let's say $75m. Less the loan+debts of, say $35m, that leaves $40m for the shareholers = 25p. Not great at all, but it's back to where we were before the drop. Dunno, whichever way you cut it, 10p a share looks way off.
Theres actually more resource than that too as we are constantly drilling, the fundamentals are there. I think moon is actually correct when he said this is good, we will soon know the truth for once and can actually start building from there. I'm not happy obviously but I do see a way out to profit in time.
Biggest most important thing here is what will ce11 do this is question
The investment needed for this mine to get it profitable in comparison to the likes of GGP and SOLG is pittance.
I don’t know what all the worry is about. Once full funding is sorted to get Ramblers through this period of high inflation and low Copper prices this will rocket. The demand for copper will be there. TB and the new CFO know what they are doing. They seem to have shafted current holders but the tide will turn in my opinion…. Hold your shares or top up if you can, you’ll be getting an absolute bargain if you buy now.
100% agree. I've bought today and think over a 3-5 year hold that this will come good. These last 12 months has taught me the importance of patience on entry execution from when I first became aware of this stock via Portfolio Matters.
ATB. DYOR.
Something happened
And I really believe it’s bad not financial advice
Possibly forward selling if the company is trying to get a placing away?
No big sells posted, mightn’t it just be MMs anticipating a down day because US markets battered last night?
Something wrong if it hit 8p target then we’ll chart said it go dwn really bad
Moon FFS, you spent f*cking WEEKS say that your mystical chart had told you it would go to 8p but that this would be the best thing that ever happened, there would be a huge bounce, you would sell all your other holdings to double down here at 8p, blah blah blah. Now you’re saying 8p spells doom. What a total bullsh*tter
8p target yes but something not adding up I will double down but on chart if was 8p did not look good.
And we not even done placing that my point so acutally Likly we hit below 8p much lower. There patten software I use check unusual movements something not right. That my point
If I was bull for month I say placing we need money keep laughing buddy. Believe what u want. But my only problem we got no news on money we need yet. That going to drop us like fly. Whatever way they do it. I not selling I will double down I tell u every trade I do whn software direct me
Need to know whether sufficient finance can be procured,and if so on what terms,to plug the black hole in the balance sheet.
If the terms of the financing are poor and favour creditors and new investors then existing shareholders could effectively get wiped out by large dilution