Share Name Share Symbol Market Type Share ISIN Share Description
Rambler Metals & Mining LSE:RMM London Ordinary Share GB00B06Y3F14 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375p -5.36% 6.625p 6.25p 7.00p 7.00p 6.625p 7.00p 614,368 14:39:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 20.0 -8.1 -3.4 - 10.02

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Date Time Title Posts
20/10/201610:45Rambler Metals2,770
29/3/201310:47Rambler Metals & Mining (RMM)13
10/12/200509:03Rambler Minerals, Flying under the radar on AIM?1

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Rambler Metals Daily Update: Rambler Metals & Mining is listed in the Mining sector of the London Stock Exchange with ticker RMM. The last closing price for Rambler Metals was 7p.
Rambler Metals & Mining has a 4 week average price of 5.53p and a 12 week average price of 4.89p.
The 1 year high share price is 7.13p while the 1 year low share price is currently 2.13p.
There are currently 151,311,085 shares in issue and the average daily traded volume is 474,860 shares. The market capitalisation of Rambler Metals & Mining is £10,024,359.38.
dogberry202000: Big volume today and it may pop in the afternoon when Vancouver opens. I like the added optionality which the Thundermin holdings gives them - and added for a song. These may act as boosters for the share price going forward.
lwaxf13: Well more exciting news. Not. It would seem it's all about copper. Has anyone looked at the copper price and market these days? Hardly a hot market. I note the wishy washy aspiration "The Company's Vision is to be Atlantic Canada's leading mine operator and resource developer through growth and expansion of its existing assets; discovering new deposits; strategic partnerships; mergers and acquisitions." What exactly does that mean? What does leading mean? Leading in what? All a bit vague IMO - no dates, no revenue number, no share price tied to that vision. GLA - back to sleep here.
dr fillip strange: Sweet " further consider dividend and other payback structures to reward our long term and dedicated shareholders" Share buy back or show us the money, since its not being reflected in the share price.
killing_time: Taken from Proactive investors. Cantor Fitzgerald has tipped shares in Rambler Metals & Mining (LON:RMM, CVE:RAB) to be worth 50p next year. The City firm's prediction would be a near-doubling of the share price from its current levels, but it claims the AIM-listed miner is set to beat its full-year copper production guidance. Analyst Asa Bridle has lifted his production forecasts for 2014 by 20% to 7,700 tonnes of copper and by 2% for the following year. However, a fall in the copper price, along with lower gold output, has prompted Bridle to cut his earnings forecasts by up to 47% for 2015. "Our estimates have been lowered on the back of metal price downgrades, but the previous investment argument holds firm," the analyst argued. "RMM is now a maturing, profitable producer and the c.50% discount to its peers is unwarranted in our view. We increase our TP to 50p (from 47p) and remain buyers." The shares edged 2% higher to 28.7p on Monday.
killing_time: From Proactive investors Rambler Metals & Mining (LON:RMM) looks cheap at current levels, according to Cantor Fitzgerald. The broker says the fall in the share price since the company's interim results last week "appears unwarranted in our view", given the strengthening production track record. Analyst Asa Bridle says that if it repeats the first half performance, then Rambler will comfortably beat full-year expectations for copper production. He retains his 'buy' recommendation and 47p target price, almost double the current market price of 26p
ned: REDHILL Yes. If they are set up for sustained production, then perhaps we can hope for perhaps 2 or upwards more years of additional reserve by the end of the current fiscal year plus replacement of that mined. Along with a few decent project investments and mounting cash balance our share price could be looking good as a long term hold instead of what it has been..
ned: Rambler Metals & Mining (LON:RMM) is a rarity for AIM – a profitable and growing junior. Quarterly results earlier Monday revealed revenues and profits are on the up and the group is headed for debt-free status by the end of next month. Closer inspection of the figures reveals the average grade from the Ming copper-gold mine in Newfoundland, Canada, was around 10% higher than projected. Production, meanwhile, was 900,000 pounds higher than forecast, while recoveries also surprised on the upside. The upshot was that Rambler posted Q1 2014 turnover of C$16.75mln, profit before tax of C$5.2mln and had cash at the period-end of C$5.7mln (US$6.7mln as at Dec 9). Based on the quarterly performance, Rambler looks set to generate annual profits of around C$20mln – which makes a mockery of the current enterprise value of C$60mln (the market cap minus the company's cash). On that basis Rambler is trading on three times pre-tax profits, where it might easily expect to be on a rating of anywhere between five and 11 times. The upper figure would see Rambler knocking on the door for inclusion among the mining mid-caps. An update to the reserve and resource report, due very early next year, could be the catalyst for a re-rating, particularly if, as analysts expect, it can add a further two years to the mine life. Paying a dividend out of cash flow would mark Rambler out from the pack; however, the group may produce a far greater return for investors by ploughing the money back into the business. For instance, an investment in the crushing and grinding facilities at the Nugget Pond facility would increase daily copper output to 1,000 tonnes from 630 current (a 59% uplift). And it would also allow the group to run the copper and gold plants in tandem. This has the potential to transform the finances at Rambler's operation – and at a comparatively low capital cost. Analysts estimate the investment to be in the order of C$8-10mln. At the same time there is the potential to create a regional play. It has made investments in the Little Deer Copper Project, Maritime Resources and Marathon Gold. However, none of this is reflected in the current share price, which was off 4% at 25.79p in morning trade and is down around 28% in the year to date. That said, Rambler is probably one of the better performers among the juniors, which have been hit by a sustained sell-off over the past 12 months. Cantor Fitzgerald is a fan of the business with a 'buy' recommendation and 47p price target. "[Rambler's] strategy of building on its production base in Newfoundland with strategic acquisitions of stakes in other copper and gold projects in the area has been well advanced and yet still the stock trades on modest multiples," said analyst Asa Bridle in a note to clients. "However, as the production track record builds throughout the year we expect that to change."
ned: garethoc on iii posted this week's IC update (RMM) had a very successful first nine months as a commercial producer of copper, gold and silver, as these financial results for the year ended 31 July attest. Cash flow from operations of C$12.6m (£7.5m) during the period reveals the Ming mine in Canada's Newfoundland province is performing at or above expectations. Investors can now look forward to a first full year worth of production from Ming. Operating costs of $2.03 per pound of copper-equivalent, against an average copper price of $3.38, should allow the emerging producer to keep paying down debts and deliver on its strategy of regional expansion. To that end, Rambler has signed agreements to explore or acquire interests in three projects within trucking distance of the Ming mine. True, Rambler still has some work to do firming up the resource base and grade at Ming for the next few years' worth of operations. And profit after tax of C$9m this year was boosted by C$6m of tax credits. But analysts from Cantor Fitzgerald forecast that EPS will almost double to 12¢ in the current financial year as the company ramps up production and cash flow in its first full year as a producer. Rambler's share price is up 18 per cent on our buy advice (23.5p, 30 May 2013), but we foresee further gains on the horizon. That's because Rambler's shares trade on just 3.8 times forward earnings estimates against a peer group average of around 11. This valuation gap should start to narrow provided the solid operational performance continues and metals prices behave. Buy.
fangorn2: 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: There should. Black Rock sold down below 6% in WTI on 25th Nov 2011 then did not inform the company until the 10th Aug 2012. If share holders do not inform RMM then RMM cannot release an RNS. It would explain why the share price has been so depressed this year IF L&G have been selling down. The most annoying thing is their lack of communication with Rambler.If they contacted Rambler and told them they were looking to sell Rambler could of hooked them up with Tinma and they both would of got a good price without us having to have a right's issue for Tinma and also their selling depressing the share price. People make a big deal about ii's buying shares but from my experience they are no more than large private investors who manage to buy a large share holding at a lower price so firstly lowering the share price then when the price goes nowhere for twelve months they spend the next six months selling out at a loss while depressing the share price even more.
Rambler Metals share price data is direct from the London Stock Exchange
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