Rambler Metals & Mining Share Discussion Threads

[lwaxf13] 15/1/2014 21:20

Strikes me George has better things to do now. Lets see how long he sticks around.

[killing_time] 15/1/2014 11:04

ARRRRRRRRR.

Kirkland gold seems to be in a bit of a mess and there is probably no way George can sort them out while giving Rambler 100%.

To be fair he has done a great job with Rambler. At this moment in time the company seems to be ticking over on a steady as she goes path. I hope they start talking up future growth by starting with a new crushing and grinding circuit.

Mr Norman Williams is the new CEO.

[snowydays] 15/1/2014 10:49

Strange announcement today. Presumably George Ogilvie wants to spend less time with Rambler and more at his other job.

So who is in charge now?

[henryatkin] 14/1/2014 09:48

A positive update today on copper deliveries from Goodyears Cove & Henderson increasing their holding above 18%.


George Ogilvie, President and CEO, commented:


"This shipment keeps us on track with our commitment to supply
Transamine with 85,000 wmt of high grade copper concentrate.

"Production at the mine continues at a steady pace while copper recovery
at the mill is averaging 95 per cent plus, approximately two per cent
above budgeted forecasts.

"I am pleased with our continued operational progress which is
delivering enhanced value for our shareholders."

[snowydays] 18/12/2013 18:06

Just a small rump holding left Redhill. They may be worth looking at again if the 1807 zone turns out to be much larger than currently known and if copper prices hold up or improve.

[redhill] 18/12/2013 15:48

I thought you had sold up & gone snowydays!

[snowydays] 17/12/2013 19:44

After the problems last winter I think Rambler needs to prove it is no longer affected by cold weather.

[count chris] 17/12/2013 17:52

Thanks KT looks like things are running pretty smoothly now. Just need to extend the life of the mine now

[killing_time] 17/12/2013 07:43

Manic Miner on iii is reporting that we have a ship in port so expect an RNS in the next few days saying we have shipped our next lot of concentrate. KT.

[ned] 11/12/2013 18:21

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] 10/12/2013 22:13

jamielein

I regret not having given more consideration to the fact that the performance of the company could be clearly seen in a tent on one site. However I think they are building a good business. Perhaps it's because it is "overlooked" that it is moving up now. lol

[jamielein] 10/12/2013 21:38

That's good news, delayed reaction to the Q1 results maybe?

I topped up after reading the results as I only had a small number of shares. There wasn't too much volume that day though; maybe these are overlooked.

[ned] 10/12/2013 21:14

Looking strong on Tsx, up 12.4% with some volume.

[killing_time] 09/12/2013 15:07

Yep, the figures look good, good cash flow at the moment with net profit for the quarter of C$3.7m.

This is taken with thanks to ManicMiner on the iii site.

Fellow II's,

Spoke to the security at the Goodyear's Cove facility over the weekend. There's a pile of copper concentrate ready for shipment. My estimates would be 6,000 to 8,000 tonnes. The facility appeared to be about half full. Security did not know when the next shipment was planned but based on the current rate of production a shipment would be necessary before the end of February 2014.

Good luck to all.

Manic Miner

[steffyloveshares] 09/12/2013 09:07

Rambler Metals reports big rise in Q1 earnings

George Ogilvie, CEO of Rambler Metals & Mining (LON:RMM CVE:RAB), tells Proactiveinvestors that the recent earnings demonstrates the potential for investors in the company. At three times earnings, George points out the value in the company for investors.

[sammy_smith] 09/12/2013 08:48

Watch George Ogilvie, President & Chief Executive Officer of Rambler Metals & Mining discuss the Q1 results and 2014 outlook.

Click the link below to WATCH

[parsons] 09/12/2013 08:30

Just bought back in, the figures look good to me and considering the market cap I think they are too cheap !!

[fangorn2] 04/12/2013 16:19

Rambler Invests in Marathon Gold

[fangorn2] 03/12/2013 16:28

Cheers KT, They're doing a good job of reducing the debt that's for sure.
Hopefully the positive cash flow will continue, despite copper and metals in general falling recently.

Thanks for the link SS.

[sammy_smith] 03/12/2013 14:55

LISTEN: Rambler Metals & Mining - Reduction of debt facility with Sprott lending partnership by $2,650,000

Click the link below to listen

[killing_time] 03/12/2013 14:13

Yep Fangorn2, There is just C$2.75m debt left which will be payed off early next year.

Good news as it shows we are producing good cash flow with low commodity prices.

[fangorn2] 03/12/2013 11:05

Excellent news, production ahead of forecasts, better than expected cash flow which has been spent on paying down the Sprott loan.

We must have it nearly all repaid surely?

Nov 30th Outstanding balance of Sprott facility C$2,750,000, and we made a C$2,650,000 on 3rd Dec. So pretty minimal outstanding or have I misread it and we , in fact, still have C$2.750,000 outstanding after this extra repayment?

[webster32] 03/12/2013 09:48

"The successful fiscal quarter, with production exceeding forecasts, has resulted in significant cash flow from operations allowing the Company to aggressively reduce the outstanding balance on its credit facility. The Company remains on target with its goal to extinguish this debt and aims to achieve this early in the New Year."



Excellent!

[redhill] 03/12/2013 08:46

More good news re loan repayment.

[redhill] 03/12/2013 08:46

More good news re loan repayment.