Rambler Metals & Mining Share Discussion Threads

[proactivest] 21/8/2014 11:18

Video - Market Report



Quindell (LON:QPP) shares plunge, London Mining (LON:LOND) half-year results disappoint, Rambler Metals (LON:RMM) exceeds production guidance, Beowulf (LON:BEO) to raise up to £2mln, IGAS (LON:IGAS) to drill third shale gas well, Advanced Computer Software's (ASW) capital reduction rubber stamped.

[count chris] 21/8/2014 08:23

Solid results meeting or beating guidance. Even the first mention of the word dividend! share price fall looks undeserved

[count chris] 20/8/2014 15:28

Is anyone here following Marathon Gold since we seem to be invested in it by proxy? They were due to start test drills a few days back.

[lwaxf13] 08/8/2014 08:46

What exactly does this mean

"The company's eventual plan is to become the biggest mine operator and resource developer in Atlantic Canada."

biggest in terms of what? Market cap? Copper, gold, silver amounts mined? Biggest number of shares held in other miners? IMO that plan is a bit fluffy.

No mention of any plan to add shareholder value ...

[redhill] 31/7/2014 14:36

Struggling to find a reason why the MM's are marking this down.The company really needs to start buying back its own stock to create shareholder value.

[count chris] 12/7/2014 17:45

Thanks for posting. It's all a bit slow but an interesting plan to make use of the lower footwall which didn't appear that lucrative otherwise. The increased mine life would be very welcome too, give them plenty of time to develope other assets.

[killing_time] 12/7/2014 08:58

LONDON (Alliance News) - Rambler Metals & Mining PLC is setting up a dense media separation demonstration plant as one option for developing its prospective Lower Footwall copper region in Newfoundland without the substantial capital expenditure linked with building a new processing facility on the site, executives say.




?We?re looking at Dense Media Separation in order to pre-concentrate the ore at the Lower Footwall. From tests we?ve seen about a 40% reduction in waste, and the grade of the concentrate looks like its being upgraded by a multiple of 1.6, so you?re looking at a grade of 1.4% being brought up to around 2% copper by the process," Corporate Secretary Peter Mercer said in an interview with Alliance News.

Dense Media Separation is a process that uses water to separate heavier liquid particles in a flotation process, increasing the resource grade and recovery of certain metals.

The Canadian copper and gold producer operates in the provinces of Newfoundland and Labrador. Its Lower Footwall zone currently has a resource of 18.2 million tonnes at 1.43% copper, but developing a brand new facility at the site would be costly, and so the company is considering the benefits of dense media separation creating a pre-concentrate which would then be processed at the Nugget Pond mill nearby.

The company already crushes and grinds ore from its nearby Ming mine at its Nugget Pond mill, but has the capacity to crush more there, and so bringing in ore from Lower Footwall would better utilise the mill, which is being expanded.

?One of the ways were looking to grow production is initially through optimization of the mill at Nugget Pond," Chief Executive Norm Williams told Alliance News. ?We're looking at increasing the crushing at its plant, in the hope to get up to 850 or 950 tonnes per day, increasing throughput from our current 630 tonnes per day annual production just now.?

In order to reach what the company calls its second phase of development at the Lower Footwall site, Rambler now plans to get the demonstration plant in later this year, enabling it to develop a pre-feasibility study for the region by the middle of 2015.

?Adding the Lower Footwall could give the overall site a mine life of around 20 years," Mercer said. ?It will bring us up into a different kind of copper space. We?re currently producing between 20,000 and 24,000 tonnes of copper concentrate per year. With full-scale production of 2,000 tonnes of pre-concentrate per day from the Lower Footwall, that should bring us up into in excess of 55,000 tonnes per year.?

The company is currently comfortably reaching its gold copper concentrate target for the Ming mine of 20,000 to 24,000 dry metric tonnes for its full year, after having produced 19,648 metric tonnes in the first nine months of its year ending April 30.

?We?re looking to get the top end of our production guidance for the full year, were pretty close to having already hit the lower end in mid-June," Williams said.

?Our 2015 guidance will be similar to 2014, but based on our staged development process, we?d hope to increase and improve that into 2016," Mercer added.

The company's eventual plan is to become the biggest mine operator and resource developer in Atlantic Canada. It holds a range of interests and assets in the region which could all add to its production in time.

Rambler said earlier in June that its pretax profit for the third quarter of its financial year rose to CAD3.3 million, from CAD193,000 for the same period a year earlier, supported by stable production and lower administrative expenses.

As a result, the company said at the time that it was now debt free and profitable, and it would now focus on optimising its copper-gold assets while exploring new opportunities.

Rambler Metals & Mining shares were down 2.5% to 25.10 pence on Wednesday.

By Tom McIvor; [e-mail]; @TomMcIvor1

Copyright 2014 Alliance News Limited. All Rights Reserved.

[fangorn2] 19/6/2014 14:30

Henderson raise stake to 20.16%

[sammy_smith] 19/6/2014 10:37

LISTEN: Rambler Metals - Financial Results for Quarter Ended 30 April 2014. Debt Free and Profitable

Click the link below to listen

[captainhindsight] 19/6/2014 08:52

hxxp://www.proactiveinvestors.co.uk/companies/news/69602/rambler-metals-clears-its-debts-as-profits-climb-69602.html

hxxp://tickerreport.com/banking-finance/235362/rambler-metals-mining-plcs-buy-rating-reaffirmed-at-finncap-rmm/

[lwaxf13] 19/6/2014 08:52

"We are in a strong position now to continue working towards optimizing the copper-gold assets while exploring select growth opportunities further strengthening the Company's portfolio as a strategic long term producer."

Long term producer = long term jobs. Where is mention of return to shareholders?

[snowydays] 19/6/2014 08:37

"Cash resources as at 30 April 2014 were $6.3 million and as of 19 April 2014 had increased to approximately $8.7 million."

Now if Rambler have invented a time machine these shares might be worth buying.

[redhill] 19/6/2014 08:32

Now lets have a share buyback scheme in place to get the price pushing up.

[lwaxf13] 12/6/2014 09:46

Jambo172 I would agree with you. Whats with all this aquisition here, aquisition there? Not much talk of adding share holder value of late. Maybe that's not a company objective.

Let me put it in very simple terms.

The Ming Mine has a fixed shelf life.
It generates profit and all being well should continue to do so for the life of the mine.
Drip feed the profits back to shareholders or hold the profits until the end of the mine life and return the cash pile to shareholders
Close the doors everybody go home.

So what is the lets buy into this mine and that mine all about? I bought into the Ming Mine for a return on that not so they can go off with my money buying up this and that. I don't care that Ming has a fixed shelf life. I do care that the money it makes is returned to shareholders.

Rant Over :-)

[jambo172] 12/6/2014 09:05

With cash in the bank, debt free and good profits, would it not be sensible to reward shareholders with a dividend.
This would rerate shares overnight.
Not sure that diluting current assets with new acquisitions is good for shareholders.
Conglomerates tend to work for management but not necessarily shareholders.

[k4r] 27/5/2014 23:40

RNS brought some movement in Canada, but here - it is sooo quiet.

[redhill] 22/5/2014 15:05

Another good set of figures for the company bearing in mind the bad weather conditions they have experienced.Should comfortably beat guidance.

[k4r] 22/5/2014 07:58

How true - they are out

[redhill] 21/5/2014 15:21

Must be due 3rd quarters operating results soon.

[redhill] 19/5/2014 15:58

Copper back up to $3.16 lb from the lows of below $3. No response here yet though!

[killing_time] 07/4/2014 13:46

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] 06/4/2014 13:08

Rambler will be at the Master Investor 2014 show in Islington on the 26th April.

[bashers2] 01/4/2014 13:49

Nice results!

[count chris] 31/3/2014 22:07

Good day I wonder how much of that is down to IC? Their tips do usually move these low volume AIM shares. Just hope they aren't all T trades that will be bailing out again next month