Rambler Metals & Mining Share Discussion Threads

[ned] 29/10/2013 17:22

Yes thanks snowydays.

[killing_time] 29/10/2013 17:13

Thanks snowydays, much appreciated.

[morigam] 29/10/2013 13:10

their ceo has just done an interview on the financial results:

[augustusgloop] 29/10/2013 12:08

Uninvestable I'm afraid.

Probably on a PE of over 15 and are going to have to raise a shed full of cash.

Not even worth a detailed research now - pity really, it looked very promising a year ago.

Maybe one to look at again in 18 months.

[rrr] 29/10/2013 11:56

Thanks snowydays.

[snowydays] 29/10/2013 11:49

I had a listen on the conference call today. Not much that wasn't in the RNS's.

A further $1m payment to Sprott will be made in 2 days time (Oct 31st). Rambler expects to continue to repay $1m each month and repay the debt completely by the end of January.

Costs over the last 2 months have been $1-80 per lb of copper equivalent, down from $2.03 last year.

The tax credit in the accounts was a one off and Rambler expects to be paying tax by the end of 2015 financial year.

An engineering report on a new 1,000tpd mill is expected by the end of this calendar year.

There is an inverse relationship between copper concentrate grade and gold recovery rate, as such Rambler has decided to try to keep the concentrate grade steady at about 28% to 29%.

There are 3,300 tonnes of concentrate in the warehouse and one more shipment is expected this calendar year.

Rambler has the option to hedge copper prices with Transamine but is not doing so at present.

The 1807 ore has turned out to be a harder rock than expected and that's why the existing mill cannot handle higher than 630tpd as it did when mining other zones.

[snowydays] 29/10/2013 10:05

Ignoring the tax credit eps is about 1p.

This might be interesting.


CONFERENCE CALL

There will be a conference call for analysts and investors at 11.00 am London time today. Dial in details as
below:


[phone]
1 800 608 0547, Canada toll free
0808 109 0700, UK toll free
Please use the password "Rambler Metals"

[henryatkin] 29/10/2013 07:50

My quick calculation is Basic EPS of 4p per share and NAV per share 48p. A bit rushed so I'll revisit those figures later. On that basis 40p-50p share price looks reasonable.

[olison] 29/10/2013 07:23

Why the Tax credit?

[henryatkin] 25/10/2013 13:21

ned...thanks for the link, very encouraging. My only two miners are RMM & CAML, with plenty of growth to come from both over the next few years imho.

[rrr] 22/10/2013 21:38

Thanks ned.

[ned] 22/10/2013 20:57

"Details of the Company's financial performance, including capital expenditure and operating costs, will be included in its fourth quarter and year end 2013 financial results to be released on Tuesday, October 29, 2013."

[dell1234] 22/10/2013 11:20

RMM were featured in Shares mag recently (10 oct). Article here:

[redhill] 22/10/2013 11:11

Its been unloved for a while now but i believe the financials are improving.

[lwaxf13] 21/10/2013 22:28

Hardly a peep on here these days. Is RMM unloved? :-)

[snowydays] 21/10/2013 13:02

Finals were released on the 22nd Oct last year. No indication yet when they might be this year, but maybe tomorrow?

[count chris] 14/10/2013 17:36

I think people are getting interested in small miners again :)

[snowydays] 14/10/2013 17:03

Brokers Peel Hunt have initiated coverage of RMM with a target price of 41p.

[bashers2] 14/10/2013 10:49

Nice daily tick up here - that's a welcome change from the almost daily tick down! :)

[sammy_smith] 10/10/2013 09:47

Watch ThoughtLeaders Copper, cantorfitzgerld, RamblerMetals, WeatherlyInt, HerenciaResources LIVE 10/10 10am here:

Click the link below to watch:

[redhill] 01/10/2013 16:33

It must be good.Snowydays hasn't commented!

[killing_time] 01/10/2013 14:54

More good news with good production numbers for August and September.

[count chris] 01/10/2013 07:41

Rambler Metals and Mining plc (AIM:RMM) (TSX VENTURE:RAB) ('Rambler' or the'Company') today announces that approximately 7,800 wet metric tonnes ('wmt') ofcopper concentrate has been shipped to international markets from the Company'sbulk storage facility in Goodyear's Cove, NL Canada. The Company's own samplingestimates an average grade of 30 per cent copper, 6.5 grammes per tonne gold and30 grammes per tonne silver. This is the fourth shipment as part of the off-take agreement with TransamineTrading SA ('Transamine') and brings the total to approximately 26,000 wmt sincefirst concentrate production in late May 2012.Since the last shipment in May 2013, the Company has been optimizing productionthrough the Nugget Pond milling facility with copper recovery over the past twomonths averaging 95 per cent, with an average run of mine head grade ofapproximately 3.85 per cent copper. During this same period 83 wmt of copperconcentrate (21 tonnes of contained copper metal) was produced per day with somepeak days of over 100 wmt of concentrate. Following the shipment the Company still has over 1,300 wmt of concentrate instorage at its Goodyear's Cove Storage Facility. George Ogilvie, President and CEO of Rambler, commented: "I am pleased to report that the Company continues to make good qualityconcentrate while overall copper recovery is exceeding forecasted levels. Wehave now supplied 26,000 wmt of copper concentrate which is 30 per cent of ouroriginal commitment to supply 85,000 wmt, after only 16 months of production,including a five month commissioning and ramp up period. We are now producing inexcess of 2,000 wmt of copper concentrate on a monthly basis with August andSeptember being 2,388 wmt and 2,484 wmt respectively." Blythe Weigh CommunicationsTim Blythe/Halimah Hussain+44 (0) 20 7138 3204Ocean Equities LimitedGuy Wilkes+44 (0) 20-7786-4370

[count chris] 24/9/2013 19:00

Thanks for posting CEOHunter. All sounded reassuringly professional with no wild claims.