Rambler Metals & Mining Share Discussion Threads

[ned] 27/11/2013 19:49

ManicMiner2 iii :

Corporate Presentation on their website taken in Montreal.

[redhill] 27/11/2013 14:43

Webster32

Yes i expect so.

[snowydays] 26/11/2013 20:32

I doubt it, probably just an update with the results in December, and an RNS when the loan is completely repaid.

[webster32] 26/11/2013 09:48

Going off snowydays' post 2560, can we expect to see an announcement of another repayment of debt, shortly?

[cfro] 20/11/2013 11:49

A record too, so maybe RMM is starting to come good after all this time?

[killing_time] 20/11/2013 09:50

A good set of figures. You can't ask much more than to keep beating the previous quarter's figures.

1,956 tonnes of Cu at 96% recovery is pretty good going IMO.
1,655 oz gold.
11,870 oz silver.

[mrwhits1] 20/11/2013 08:14

1st qtr results out, which look to be on target for the whole year guidance,



regards

mrwhits.

[lwaxf13] 18/11/2013 19:21

Not good IMO. This will surely dilute the focus.

[dr fillip strange] 18/11/2013 17:18

ìnteresting, however "I remain totally committed to Rambler"... is totally impossible

[killing_time] 18/11/2013 16:41

RNS out, He is going to do both jobs.

[dr fillip strange] 18/11/2013 16:22

dual CEO responsibility for Rambler & Kirkland, doesn't sound right? surely GO is leaving Rambler, market hasn't been informed ....

[killing_time] 18/11/2013 16:17

Its possible. I'v beening thinking about a merger from Harry's point of view. Would he be better off with all his eggs in one basket or two separate companies. The main advantage of a bigger company would be that we would be able to borrow money more easily which would help growth. If you look at Rambler we could do with $10m for a new crushing circuit which would boost growth. I don't really know much about Kirkland as to how a merger would effect them.
Placing George in there might be a smart move as once he is running the company his way, a merger down the line would probably work very well.

[rogsim] 18/11/2013 15:50

k_t

Do you think that, with Harry Dobson being the Chairman of both Rambler and Kirkland, we might be on the way to some form of merger?

[killing_time] 18/11/2013 15:25

Thanks rogsim, Not really sure what to make of that. I can only conclude that George has a lot of spare time on his hands while running Rambler.

[rogsim] 18/11/2013 14:32

George Ogilvie becomes CEO of Kirkland Lake Gold:

[count chris] 13/11/2013 07:49

November 13, 2013 Rambler Provides Diamond Drilling Update at Its Ming Mine Intersected 4.91% Copper, 2.86 g/t Gold and 22.61 g/t Silver over 3.00 Metres LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwired - Nov. 13, 2013) - Rambler Metals and Mining plc, a Newfoundland copper and gold producer, explorer and developer (AIM:RMM)(TSX VENTURE:RAB) ("Rambler" or "the Company") today provides an update on its diamond drilling activities over the past six months at the Ming Copper-Gold Mine, located in Newfoundland, Canada. The bulk of the diamond drilling was focused on the 1807 Zone, a high-grade copper zone, which has produced the majority of mined tonnes since first declaring commercial production in November 2012. Mill feed grade from the 1807 zone over the last six months has ranged between 3.48 and 4.46 per cent copper, along with 1.35 to 1.83 grams per tonne gold. The average recovery at the Nugget Pond processing facility, over the same period, was 95 per cent and 63 per cent for copper and gold respectively. Rambler's 2014 fiscal diamond drilling program is designed to add comparable grade to the resource/reserve base by extending the 1807 zone both up and down plunge. An updated estimate of resources and reserves for the life of mine is expected to be released early in 2014. HIGHLIGHTS COPPER =- The Company completed 3,659 meters of diamond drilling in the 1807 Zone and has been successful in extending the high-grade tonnes both up and down plunge. Table 1 below shows highlights of significant intersections. =- The deepest drill hole completed to date has extended the resource model 210 meters (plunge length) below the deepest reserve level, 516L, while drilling up plunge has extended the zone an additional 161 meters (plunge length) above the shallowest reserve level, 329L. GOLD =- Rambler has also completed 2,098 meters of diamond drilling in the 1806 Zone, a high-grade gold zone. The new drilling intersected visible gold in crosscutting fractures near the massive sulphide contact similar to the intersections returned in previous drilling (see Press release 10 May 2013 with 227.15 g/t gold, 2.37 % copper and 60.17 g/t silver over 4.50 meters). Table 2 below shows highlights of significant intersections. George Ogilvie, P. Eng., President and CEO, said, "We are pleased to see extensions of the known ore within the 1807 Zone outside the current mining blocks. This should bode well for maintaining or adding to the reserves and resources in this area. "Throughout the remainder of fiscal 2014 we shall remain focused on further exploration drilling with $2M being assigned to this essential activity at the Ming Mine alone." Extension of the Mined Copper and Gold Zones With capital development five months ahead of the planned production levels, over the last two quarters more of the underground resources have been available for developing new diamond drill bays. Drilling has been mostly focused on extending the 1807 Copper Zone in order to replenish the reserves that have been mined since declaring Commercial Production. Additional drilling is also being planned to test the mineralized contact to the west of the 1807 Zone on the 457L level which remains unexplored to date. A drill bay has been established on the 457L to accommodate this pure exploration drilling. The fiscal 2014 exploration plan for the Ming Mine includes; =- Extending known ore zones near the underground infrastructure. Positive results already returned from drilling up and down plunge on the 1807 zone. =- A two-phase outward exploration program on Rambler's two mining leases and one mineral exploration licence. Phase 1 will include compilation of all historical data, target generation and field orientation surveys, while Phase 2 will include detailed geophysical, geochemical and sampling of the defined targets along with follow-up trenching and diamond drilling if required. Table 1: Testing of the 1807 Copper Zone =--------------------------------------------------------------------------- From To Length Cu Au Ag BHID Type (m) (m) (m) (%) (g/t) (g/t) =--------------------------------------------------------------------------- MMUG13-116 Composite 57.35 61.14 3.79 1.95 1.53 8.13 =--------------------------------------------------------------------------- MMUG13-118 Composite 70.75 72.77 2.02 3.31 1.89 13.33 ---------------------------------------------------------- Including 72.23 72.77 0.54 8.75 4.86 30.30 =--------------------------------------------------------------------------- MMUG13-119 Composite 56.20 60.63 4.43 2.61 2.07 15.36 ---------------------------------------------------------- Including 56.20 58.20 2.00 3.35 2.89 16.80 =--------------------------------------------------------------------------- MMUG13-120 Composite 55.55 57.48 1.93 3.87 2.17 16.29 =--------------------------------------------------------------------------- MMUG13-123 Composite 68.55 73.1 4.55 2.78 1.34 16.22 ---------------------------------------------------------- Including 70.00 73.1 3.10 3.60 1.31 15.98 =--------------------------------------------------------------------------- MMUG13-124 Composite 61.69 66.04 4.35 1.95 1.65 16.35 =--------------------------------------------------------------------------- MMUG13-127 Composite 99.70 101.90 2.20 7.09 3.69 24.95 ---------------------------------------------------------- Including 100.69 101.90 1.21 11.87 6.39 42.10 =--------------------------------------------------------------------------- MMUG13-130 Composite 91.95 99.00 7.05 2.83 1.98 16.95 ---------------------------------------------------------- Including 95.00 98.00 3.00 4.91 2.86 22.61 =--------------------------------------------------------------------------- MMUG13-131 Composite 82.42 89.46 7.04 2.21 1.50 10.21 ---------------------------------------------------------- Including 83.78 87.24 3.46 4.04 2.05 18.01 =--------------------------------------------------------------------------- MMUG13-133 Composite 112.20 115.76 3.56 3.33 9.97 16.26 ---------------------------------------------------------- Including 113.13 115.76 2.63 3.38 13.27 17.02 =--------------------------------------------------------------------------- MMUG13-218 Composite 147.60 149.60 2.00 1.73 1.81 52.05 =--------------------------------------------------------------------------- Note: drill intersections indicated are core length which is estimated to be between approx. 95% of true width for this zone. Table 2: Testing of the 1806 Gold Zone =--------------------------------------------------------------------------- From To Length Cu Au Ag BHID Type (m) (m) (m) (%) (g/t) (g/t) =--------------------------------------------------------------------------- MMUG13-136 Composite 3.00 14.43 11.43 1.63 8.05 59.38 ---------------------------------------------------------- Including 12.79 13.36 0.57 8.74 76.80 140.50 =--------------------------------------------------------------------------- MMUG13-137 Composite 2.00 14.00 12.00 0.20 2.68 14.26 ---------------------------------------------------------- Including 9.00 14.00 5.00 0.44 4.72 26.98 =--------------------------------------------------------------------------- MMUG13-140 Composite 1.00 12.53 11.53 0.06 1.32 4.37 ---------------------------------------------------------- Including 8.00 12.53 4.53 0.10 1.73 5.90 =--------------------------------------------------------------------------- MMUG13-141 Composite 5.00 9.90 4.90 0.35 1.89 23.71 ---------------------------------------------------------- Including 9.29 9.90 0.61 1.63 9.40 120.10 =--------------------------------------------------------------------------- MMUG13-142 Composite 4.00 10.45 6.45 0.21 2.53 17.41 ---------------------------------------------------------- Including 8.00 10.45 2.45 0.65 3.07 24.41 =--------------------------------------------------------------------------- MMUG13-143 Composite 8.00 16.04 8.04 0.08 1.24 6.83 ---------------------------------------------------------- Including 8.00 10.00 2.00 0.02 1.95 5.50 ---------------------------------------------------------- Including 15.18 16.04 0.86 0.64 4.25 41.88 =--------------------------------------------------------------------------- MMUG13-144 Composite 0.00 11.34 11.34 0.04 0.68 1.52 ---------------------------------------------------------- Including 5.00 6.00 1.00 0.02 3.43 1.40 =--------------------------------------------------------------------------- Note: drill intersections indicated are core length which is estimated to be between approx. 60-80% of true width for this zone. The Company currently has a total stockpiled inventory of 17,000 wet metric tonnes of copper ore available for milling at both the Ming Mine and Nugget Pond ore pads. The grades are expected to be similar to the previous six months feed grade. An additional 4,800 wet metric tonnes of the 1806 gold rich massive sulphide zone ore is also available for milling through the hydromet milling system when the opportunity becomes available. At the time of release there was 4,427 wet metric tonnes of copper concentrate in storage at the Goodyear's Cove shipping facility. The Company hopes to ship its fifth shipment before the end of the calendar year. This shipment will take Rambler's delivered concentrates to market in excess of 32,000 wet metric tonnes since the first shipment in November 2012.

[killing_time] 13/11/2013 07:46

RNS out, drill results.

[redhill] 05/11/2013 11:30

I believe a re-rating is now under way here.

[killing_time] 05/11/2013 08:37

With thanks to ManicMiner on iii for posting this:

I spoke with Rambler management, including George Ogilvie and Peter Mercer, at the St. John's Mineral Resource Review yesterday, hosted by the CIM and Government of Newfoundland. They believe with further good steady news flow the share price will continue to creep up (assuming no major world catastrophes).

They'd indicated:

i. Expect Q1 result to be out mid-December (all indications seem to point to a good quarter)
ii. More repayment of debt and being debt free in early 2014
iii. Good exploration results
iv. Another shipment of concentrate (+7,000 tonnes) around the end of this year. They have 3800 tonnes in the warehouse today.
v. A resource / reserve update on the 1807 zone (their currently mining that zone) early in January.
vi. Potentially further progress on their recently announced M&A deals.

If they can deliver in all of these areas and the market starts to see consistent cash flows and profitability one would think a re-rating would be well overdue. Although nothing surprises me today in these markets.

GLTA

ManicMiner

[count chris] 01/11/2013 18:51

That IC update three posts back is in the paper version today under company results. Can only help to spread the word.

[ned] 01/11/2013 16:42

Suddenly a lot of buys. I suppose someone is selling out though as the price not moving up. Still, there is some interest.

[anatolius] 30/10/2013 23:39

Thanks for posting this ned!
Reasonable progress overall. Good news policy. Peter Mercer was always good to talk to. Minelife is of course not very long with extension into LFZ hence interest in aquisitions.

[ned] 30/10/2013 21:54

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.

[weegeordie] 30/10/2013 08:14

which is why he is filtered

[henryatkin] 30/10/2013 08:13

augustus'.... I see from your profile you only post negative comments on the most recent 200 posts of yours I flipped through. Do you actually hold shares in any companies? Do you post under a different name in companies you hold shares in? Are you paid to deramp stocks for shorters? Are you a shorter yourself? Are you a manic depressive? Have you ever posted a positive comment on any company? Why do you spend so much time and energy into very thorough researching and posting just negatives instead of positive searching for companies to invest in? Lots of questions, but you must admit you are a bit of a strange one.