Rambler Metals & Mining Share Discussion Threads

[ned] 31/5/2013 14:29

The IC recommendation seems to be going swimmingly. Perhaps they can recommend RMM again next week!

[bashers2] 31/5/2013 10:16

IMO Rambler have done well getting this operation up and running - transition into operational mode is never easy and many good intentioned operators have failed at this juncture!

[bashers2] 31/5/2013 10:04

Good old Snowydays - let us enjoy the ride mate - please!

[king suarez] 31/5/2013 09:53

Tipped in Investor Chronicle, I believe.

There is mention of operating costs forecast to drop from $1.43 per lb to 67 cents per lb! - any idea on what that is based?

Thanks,
KS

[redhill] 31/5/2013 08:07

A lot of activity & buying interest today. Tip sheet?

[snowydays] 29/5/2013 19:28

It is a pathetic performance though Redhill.

A year of mining the high grade 1807 zone and they have produced just 18k wmt of concentrate.

Remember when the gold zone was being mined and they boasted of how the mill was handling 850 tpd of ore. Remember the interview where George Ogilvie stated that they believed the 1807 zone ore was softer and they expected to get higher rates from the mill? Remeber Polyanna's predictions on this thread of 28k tonnes of concentrate each year?

Now they have finally had just a few weeks of decent production, just about meeting the lower ends of previous expectations. If they can keep it up and if they can find extensions to the 1807 zone things might be ok depending on metal prices. But realistically there will be more delays and shutdowns.

Earnings of maybe 4p this year and 6p next year? But after that they will have to mine lower grade zones. They will need the additional mill just to stand still.

[redhill] 29/5/2013 17:33

All we need now is snowy days telling us it should have been 7000wmt concentrate!

[killing_time] 29/5/2013 15:11

Good RNS out.

Shipped 6,112 wmt concentrate.
759 wmt concentrate still in storage.






Since the initial start in May 2012 the Company has been constantly optimizing production through the Nugget Pond
milling facility with recoveries over the past eight weeks nearing 95%, from an average head grade of approximately 4.5%
copper. During this same period nearly 80 wmt of copper concentrate was produced per day with some peak days of 115 wmt
of concentrate or 30 tonnes of copper metal.

[killing_time] 28/5/2013 15:23

RNS out.

Maritime have a NI43-101 out on their deposit.

IMO this strengthens the case for building a new crushing and grinding circuit so that we can process copper and gold at the same time from two different locations.

[killing_time] 28/5/2013 12:13

From Manic Miner on iii.


Fellow II's,

Looks like Rambler is preparing to ship another lot of concentrate. There's a large ship in the port this morning. Not sure if they'll be able to load right away as we have rain in the area. However, weather supposed to clear later. I see from George Ogilvie's presentation last week they had 6200 tonnes of concentrate in their warehouse as of May 21st. I'd therefore expect them to be shipping 6,000 to 6,500.

Manic Miner

[braggj2] 28/5/2013 11:34

Good article Chris - also new presentation on website & video
http://www.ramblermines.com/

[killing_time] 27/5/2013 10:02

Thanks guys, good read.

[count chris] 26/5/2013 21:18

The above is worth a read and here is the direct link

http://www.scotsman.com/scotland-on-sunday/business/harry-dobson-eyes-more-mines-in-canada-1-2944774

[sammy_smith] 22/5/2013 09:23

Just seen that some research has been released from Cantor Fitzgerald

[count chris] 21/5/2013 22:35

Let's hope it gives the share price a boost in the next few days

[killing_time] 21/5/2013 19:58

Just watched the interface with George, should be out tomorrow.

Highlights.

6,200 wmt in the shed ready to ship soon, = 5,307 dmt.

April figures were good with this months also going well.

All in costs of c$2.18 lb Cu.

c$85m in tax credits.

Total assets $112m.

Looking to build new crushing and grinding circuit in next 12-18 months which will increase the ore from 600 mtpd to 1000 mtpd which = 67% increase in revenues at a cost of about $10m unless they buy second hand equipment.

Main targets are to pay down debt, explore Krissy Buckle and Ming Mine and look for acquisitions.

Need 43-101 on Hammerdown.

Orion has 43-101, looks like open pit.

Over all looking positive for the future with plenty of options, will go through the presentation later in the week in more detail. KT.

[ned] 21/5/2013 10:29

If the copper tent was filling up fast enough for this business to be getting somewhere then there would be buyers for the share. The opposite of when there were masses of sellers over the winter when it wasn't filling up fast enough.
Just my thoughts.

[steve243] 21/5/2013 09:55

Generating revenue, profitable and reducing the debt - seems like they are in a good place. Like the video

[sammy_smith] 21/5/2013 09:36

Check out a video interview of George Ogilvie, President & Chief Executive Officer, Rambler Metals & Mining.

CLICK THE LINK TO WATCH

[killing_time] 10/5/2013 10:36

Thanks dukedosh,

Was looking for that report this morning but could not find it. Good to see some numbers on future production though with commodity prices jumping all over the place its very hard to get a true prediction. KT.

[dukedosh] 10/5/2013 09:49

Take that with a large pinch of salt.

Cantor Fitz is a market maker and provide investment banking services to RMM here.

However, they do NOT have a great record with their forecasts on this stock:

Rambler Metals & Mining

Date ......Recommendation.. TP.. Current Price
20/05/2008.. BUY ............83p 55p
13/03/2009.. BUY ............21p 11.50p
28/10/2009.. BUY ............51p 27.50p
26/01/2011.. BUY ............55p 37p
19/01/2012.. BUY ............62p 28p
14/11/2012.. BUY ............64p 38p
09/05/2013.. BUY ............53p 25p

Excuse the formating, see page 11 of their report for the original:

[killing_time] 10/5/2013 08:16

Rambler Metals & Mining (LON:RMM, CVE:RAB) got the thumbs-up from Cantor Fitzgerald's Asa Bridle on Thursday.

The analyst reckons the transition into production can be deemed a success, with Rambler still "an attractive investment opportunity in the junior mining space".