Rambler Metals & Mining Share Discussion Threads

[ceohunter] 24/9/2013 12:53

video interview
Rambler Metals wants to continue to pay down debt

George Ogilvie, CEO Rambler Metals & Mining (LON:RMM TSX-V:RAB) tells Proactiveinvestors that its a priority of the board to continue to pay off the debt the company has with Sprott. That being said, George says that the company will pursue other opportunities that are presented if they are good value for money and when it is the right time, will also consider raising the return to investors through a dividend or a share buyback programme.

[ned] 20/9/2013 18:56

Cheers snowydays.

[snowydays] 20/9/2013 13:44

Duh, sorry - my mistake. Here is the link.

[ned] 20/9/2013 13:40

Ok
Just that the link leads to a different (2012 Peter Mercer) interview for me.

[snowydays] 20/9/2013 10:47

I did post it Ned.

vod.bnn.ca/Video/788077

I left out the first part as ADVFN seem to change it to hxxp:// now.

[ned] 20/9/2013 00:47

snowydays

That link came up as Peter Mercer looking forward to 70,000 tons of copper concentrate/annum for me.

I was too slow thinking and still have most of my holding here. Looking for a rising copper price to reduce the loss now.

Can't argue with the fact that they seem to have a good operation and are managing to get towards optimum production. But they said it would be 6ft tall and it's only 4ft 6ins. Credibility lost really by quite an unachievable margin with the current production capacity.

Would be interested in the Ogilvie Little Deer interview if you would post it.

[snowydays] 19/9/2013 15:21

I think everyone's in the same boat Ned.

I've sold most of my Rambler shares and taken the loss on the chin. Maybe they will come good one day, but there are better opportunities around.

It really is a shame that Rambler got their predictions so wrong. Talk of $3m to £5m free cashflow every month once the 1807 zone was being mined. Presentations showing $36m EBITDA for the year etc. George Ogilvie being interviewed saying that Rambler was on a prospective PE of 1.5 and that Rambler would repay its borrowings by March this year. All way out.

Here is the latest interview with Mr Ogilvie talking about the Little Deer acquisition.

vod.bnn.ca/Video/788077

[augustusgloop] 19/9/2013 01:18

The only reason to a deal like this is if they know that Ming will underperform.

It might be a reasonable buy at a reasonable price.

But RMM are going to need a shed full of money - meaning more debts at unattractive rates.

We know all the hassle and depressed share price that applied in bringing Ming into production -- this is going to be an action replay.

No point investing here for a few years now.

Watch the Cu price, watch the economy and when RMM have both mines running - then perhaps buy.

[snowydays] 18/9/2013 22:59

Rambler deal could be significant, says Cantor Fitzgerald, which repeats 'buy'

www.proactiveinvestors.co.uk/companies/news/61240/rambler-deal-could-be-significant-says-cantor-fitzgerald-which-repeats-buy-61240.html

[bashers2] 18/9/2013 09:23

Agree KT the costs don't necessarily replicate to RMM with the facilities they already have,

[killing_time] 18/9/2013 08:11

A view from Manic Miner on iii.

Fellow II's,

I look at the news issued by Rambler today in taking a 50% stake in the Little Deer Project to be significant. There Vision is to be "Atlantic Canada's Leading Mine Operator and Resource Developer." If they truly want to attain that goal they are going to have to actively start taking ownership of other projects that can be brought into production.

Thundermin there new JV partner issued a PEA on this project last year with $90M assigned to a new mill and tailings facility. Surely this is going to be cut significantly if the Nugget Pond Mill and tailings facility can be used. Operating costs for ore transportation would increase but with Goodyear's Cove Port facility next door there has to be opportunity to ship right into the Nugget Pond Mill via the sea.

I think in these terrible markets for junior explorers / miners there will be many more opportunities for Rambler with a producing mine, profitability and free cash flow. We should see Rambler's fourth quarter results next month and yearend financials.

GLTA

Manic Miner

[snowydays] 17/9/2013 16:48

Of course that $86m NPV is based on a copper price of $3.75. If todays copper price of just $3.19 is used the NPV falls to about $20m. If the copper price falls much more the project would be loss making.

[snowydays] 17/9/2013 16:44

From the PEA for the project which is at Thudermin Resources website.

Initial Capital Cost: $110 million

On the bright side the NPV of the project is :

Pre-tax Net Present Value at 6% Discount Rate: $130.4 million.
After-tax Net Present Value at 6% Discount Rate: $86.7 million

So it could be argued that Rambler have not overpayed.

thundermin.com/projects/little-deer/

[redhill] 17/9/2013 16:12

Presumably ! Usual negativity snowydays & where did you pluck the figure of $110 million from?

[snowydays] 17/9/2013 16:01

Notice that the existing partner in the Little Deer Project refused to buy Cornerstone's stake. Presumably they don't think much of the project. $110m needed to bring it into production. Can't see Rambler managing to find their 50%. Certainly no spare cash for dividends for years.

[bashers2] 17/9/2013 15:56

Well KT this is why Hendersons are buying in - RNS!Nearly sold these this morning! :)

[snowydays] 04/9/2013 08:42

Production is not better than forecast. Take a look at what G Ogilvie predicted at the iii presentation then look at the actual figures.

Another $500k repayment. At this rate it will take years to repay the debt and Sprott pick up a nice fee every year as the facility is extended.

[killing_time] 04/9/2013 08:05

Cantor has a buy recommendation and 53p target.

[...] Edit: so i cannot post links now.

Proactive investors web sit.

[redhill] 03/9/2013 22:40

Income is good.If production & metal prices are better than previously forecast i don't understand some previous posters post or why the share price is not rising.

[count chris] 03/9/2013 18:19

Paying back CAD$500,000 of the loan can only be good. Proof of income too.

[redhill] 03/9/2013 07:14

I see that Production & metal prices are higher than the company forecast according to the CFO after repaying Sprott more monies.

[redhill] 02/9/2013 13:39

No financials mentioned in the statement.Lets just see the P & l before jumping to conclusions.