Rambler Metals & Mining Share Discussion Threads

[bashers2] 27/6/2013 08:10

I agree Redhill -this is going the right way for me. Rambler is just getting off the ground and for me its rather pleasing - gotta remember - we're a junior miner and explorer not Anglo American and I can think of many junior miners who would love to be in this position!Well done Rambler I say!Bashers

[redhill] 27/6/2013 07:38

You must have read a different set of accounts to me!

I read it as profitable and 6 million in the bank.You can't really guage much information apart from that as there is no p&L or balance sheet.Everything else is just guesswork.We know there were production problems in February due to the weather but these have been rectified.

[snowydays] 27/6/2013 07:36

Another awful set of results. Loss Making, burning cash. Just $3m left in the bank.

Notice how in their announcement they don't even call them results but "Unaudited Consolidated Financial Information."

[sammy_smith] 24/6/2013 13:58

Listen to Peter Mercer, VP Corporate Development & Corporate Secretary

Click the link below to listen
hxxp://www.brrmedia.co.uk/event/112652/peter-mercer-vp-corporate-development--corporate-secretary

[snowydays] 24/6/2013 09:15

The press release does not tell us how far the drill holes were from the existing known reserve body. As such the results give us no idea of whether or not the zone is any larger than previously defined. Almost meaningless.

[fangorn2] 24/6/2013 08:05

Rambler Metals PLC Diamond Drilling Update


George Ogilvie, P. Eng., President and CEO, comment,

"I am pleased to see that the early diamond drilling results are positive and confirming that the 1807 zone extends beyond the known reserve block. The second half of 2013 will see an exciting period in our diamond drilling campaign as we further test the down- plunge extension of the 1807 zone. "

[killing_time] 19/6/2013 09:55

Rambler Q3 results released on or around the 27th June.

[snowydays] 18/6/2013 13:01

I think you might be holding the chart upside down Redhill.

Never mind, mining stocks are due to recover from September onwards. At least that's the view of self styled "financial astrologer" Mahendra Sharma. Unfortunately his predictions are usually wrong.

"Metals and metal stocks are performing terrible; we still recommend staying away from any medium
and longer term investment in metals until September 2014. Metals will keep underperforming but
from September 2013 metal mining stocks will start moving higher."

By a nice coincidence September should be the time for Ramblers final results, and we might just see a quarter of decent cashflow if nothing else goes wrong.

[redhill] 17/6/2013 09:03

Rambler doing very nicely thank you snowy.

[snowydays] 15/6/2013 13:16

At least the stake in Maritime Resources is doing ok. Their shares were at 35c yesterday compared to the 23c at which Rambler took a stake. A paper profit of $500k or so, though I doubt if they could sell them.

Maybe all is not completely lost for Rambler. Yet!

[bashers2] 14/6/2013 10:21

I certainly did thank you SD! I think that RMM is set fair tbh - let's leave it for 3 months and see where the share price sits - I think much higher!But then I would wouldn't I? :)

[snowydays] 13/6/2013 18:28

Well Bashers2, you asked me to let you enjoy the ride. Hope you had fun while it lasted.

[killing_time] 10/6/2013 15:37

Thanks to Vernon Hardapple on iii for spotting this bit of good news.
10th/June.
hxxp://www.thetelegram.com/News/Local/2013-06-07/article-3271709/R%26ampD-mining-projects-receive

Rambler Metals and Mining Canada Ltd. is receiving funding for two separate projects, both of which are being carried out at or near its Ming Copper-Gold Mine on the Baie Verte Peninsula. One project is receiving $178,439 to research the viability of extracting gold from nearby, exposed, legacy mine tailings, and the other is receiving $250,000 to test the technical and economical feasibility of extracting copper from the Ming Mine's Lower Footwall Zone.


Edit; if you cannot connect to the above link it is because ADVFN are changeing the h t t p to hxxp. This is one good way to lose business to iii.

[snowydays] 03/6/2013 10:49

They had previously stated it would be repaid by March 2013.

[redhill] 03/6/2013 10:34

The thing is ,they don't have to repay it before the end of 2013 but the fact that they have stated it is their intention to do so is highly positive.

[fangorn2] 03/6/2013 09:02

Yep, alot of junior miners would. Most are closing in on forced shutdowns due to lack of financing. Small miners's share prices have suffered precipitous falls - must be quite a few desperate companies out there now.

[bashers2] 03/6/2013 08:43

I agree Fangorn - producing, exporting and reducing debt - it's all going in the right direction!A lot of junior miners would love to be in this position!

[fangorn2] 03/6/2013 08:29

Rambler Pays a Further $600,000 in Debt Re-Payment To Sprott Lending Partnership

Jolly good.....


"This payment reduces the outstanding balance of the Company's
credit facility to CAD$ 5.9 million. With the additional free cash flow now being generated from operations the Company will continue reducing this debt with the intention of having the facility completely repaid by the end of calendar year 2013 or sooner."


Looks like a tough ask if theyre repaying C$600k per month but its great news nonetheless.

Lets just hope we get a suitable rerating over that period.

[bashers2] 01/6/2013 11:34

Totally agree CC - lets hope we 're on our way now! Sill underwater with my buy price but back there soon!

[count chris] 31/5/2013 18:50

Thanks for posting Fangorn2. Feels like we have turned a corner - I know progress is poor compared to what we were promised but we are a producer generating profits and the share price can't ignore that for ever.

[fangorn2] 31/5/2013 15:08

IC article, I presume HL linked it without alteration or additional comment.

"Rambler Metals Mining PLC
Thu 30 May 2013

A A A
Recommendation type: Speculative

Matthew Allan
'Buying the dips' is easy in theory, but hard in practice. Often, investors must be willing to buy shares in the face of overwhelmingly negative market sentiment, such as that affecting Rambler Metals & Mining (RMM).

Even though Rambler reached commercial production at its Ming copper-gold mine on Canada's Atlantic coast earlier this year, its share price tumbled to a three-year low of 23p amid a wider sell-off in commodities and shares in junior miners. Yet this is nothing new for Rambler. The company's share price has behaved like a yo-yo these past three years, depending on how positively or negatively investors perceived the junior mining sector. But it has always traded within a range of 23p to 40p. And, on the three occasions that the company's share price has fallen below 25p since 2010, it rebounded at least 50 per cent in the subsequent five months.

That's in contrast to the steady, humdrum progress Rambler has been making at its Ming mine. The company's new mill is up and running and is starting to generate substantial profits, including $4.97m (£3.3m) in operating cash flow during the last reported quarter. Broker Cantor Fitzgerald expects Rambler to produce 5,700 tonnes of copper concentrate in the year to 31 July 2013, along with 7,700 ounces of gold and 38,100 ounces of silver. That would generate profit before tax of about $18.7m this year if copper prices remain steady, rising to $24.5m the year after slightly higher production (see table).

Granted, there's no guarantee the copper price will co-operate. We expect it to fall slightly over the course of 2013 as a glut of new supply comes on stream. We foresee prices dipping from their current $3.30 per pound to around $3. For Rambler, this small fluctuation shouldn't matter too much - its operating costs were just $1.43 a pound last quarter, and Cantor Fitzgerald expects them to drop significantly next year to around 67¢ a pound, net of by-products.

Year to 31 Jul Turnover (C$m) Pre-tax profit (C$m) Earnings per share (¢) Dividend per share (p)
2010 nil -2.46 -2.9 nil
2011 3.52 -0.08 -0.1 nil
2012 1.22 -3.37 -2.6 nil
2013* 57.7 18.7 13.1 nil
2014* 57.8 24.5 17.2 nil
% change nil +31 +31 –
Normal market size: 10,000

Market Makers: 10

Beta: 0.4

£1=C$1.51

*Cantor Fitzgerald forecasts

Admittedly, it will be a while before Rambler is in a position to start paying dividends - which would be the big catalyst for a long-term re-rating. That's because the company had short-term and long-term debt of around £34.4m in January. Much of this comprises a loan based on gold production that may not have to be immediately repaid, although Rambler expects to pay off its other interest-bearing loans by the end of this fiscal year.


Instead, short catalysts for the share price could be a rebound in commodity prices, further strong production updates leading to good financial results and a rally in junior mining stocks.

Share tip summary

Whichever, this looks like a cheap entry point with Rambler's shares trading at almost 30 per cent below book value and on a minuscule multiple of earnings forecast for 2013-14 (see table). That compares favourably with a forward PE ratio of about six times for peers Central Asia Metals (CAML) and Copper Mountain Mining (CUM-T). Moreover, Rambler's 14-day relative strength indicator (RSI) - a momentum oscillator - is now deeply in oversold territory and at the same depressed level that coincided with the start of Rambler's three previous rallies. Another multi-week rally could be imminent. Buy.

[killing_time] 31/5/2013 14:47

The other thing you have to take into account with RMM is because there are not that many shares it only takes a few trades in the same direction to move the price.
Hopefully our seller has finally finished and we can move up to a sensible valuation.

[redhill] 31/5/2013 14:37

Carries a lot of weight,the investors Chronicle.

[killing_time] 31/5/2013 14:34

Wow, 17% rise, This is a nice surprise on a Friday afternoon.