Rambler Metals & Mining Share Discussion Threads

[mralex] 29/4/2019 18:07

What's a reasonable valuation for Rambler if they manage to turn things around?
£20m seems cheap.

[excellance] 29/4/2019 15:47

It's almost like a new company. The share price crash from 30 to 1.3 has wiped out former controlling interests, and we now have considerable new funds and new very experienced management team.

RMM were unlucky really, with the collapse of the copper price to €2 per lb meaning none of the cap ex brought any profit, and resorting to loans really finished the previous management off, but I suppose they were hoping for a quick copper price rise to save the day, and time ran out.

So here we are, no debt, refinanced, copper price rising, new team, silly low sp, phase 3 ahead.

What can possibly go wrong?

[excellance] 29/4/2019 14:29

“We look forward to providing further updates on the Ming Mine exploration program, along with a global mineral resource and reserve update, early in 2019.”

[the deacon] 29/4/2019 14:18

Good to see some Interest. Clear value here, imo

[excellance] 29/4/2019 12:21

We have movement

[the deacon] 29/4/2019 09:11

Great notes Ex. More than happy to buy down here

[excellance] 27/4/2019 17:06

obviously phase 2 didn't yield profits, at least not yet, but a look at the chart shows a big dip on the realisation that RMM would struggle, and then the placing has come to presumably push towards phase 3. Fresh money, fresh management, same mine, but maybe rising prices, rising grades, rising productivity, improved efficiency, no debt, and a silly low sp, lower than the open offer price, cheaper even than options.

extremely risky, but think of the possibilities...


free stock charts from uk.advfn.com

[excellance] 27/4/2019 16:45

phase 3 expansion, to 2000mtpd, 20 years production, 20 years of profit!

[excellance] 27/4/2019 16:13

iv'e compiled a brief summary of recent events in the header

seems that all the pieces are now in place, new funding, new management, delisting from the TSX, exciting drilling results from last year, and now all we need is the awaited reserves and resources upgrade and evidence of a plan to increase throughput and grades, and an improvement of efficiency, to let the company return some profit.

they raised a chunky £10m last year, but what exactly will they spend it on?

in the Company’s news release of 28 January 2019, the proceeds of the Subscription will be used for working capital purposes, to repay the US$1 million unsecured loan owing to CEIII (as announced on 15 January 2019) and any accrued but unpaid interest thereon and TO FUND MATTERS APPROVED BY THE BOARD of directors of the Company.

Is the AIM less regulated than the TSX?

What "metters" were approved by the board that need funding of this magnitude?

the scene is set...

[excellance] 26/4/2019 05:35

Grades released at end of last year were spectacular...

[the deacon] 25/4/2019 16:03

Was much riskier with shoddy management in place and being short on cash. Looks like both have been rectified now. I see this as a good risk/reward play

[the deacon] 25/4/2019 15:58

They've delisted from TSX now

[bmnsa] 25/4/2019 15:56

Risky indeed
Not for widows and orphans
Been here and have a tee shirt with large holes in it

[excellance] 25/4/2019 15:53

I think these may not be a very liquid stock, and the spread from memory is often wide.

I think it's primary listing is on TSX

[excellance] 25/4/2019 15:37

85% copper, 15% gold in terms of revenue

1250 tonnes per day throughput
Hoping to expand to 2000 eventually

Ming is an old mine with existing infrastructure, and rambler have been spending a lot of cash upgrading to new systems, new ventilation, to expand bulk production, and grades improve with depth.

Risky but exciting.

[excellance] 25/4/2019 15:18

This is a copper/gold play, but I'm gonna have to quickly review how much gold is there, because I think going forward that could be key.

[the deacon] 25/4/2019 14:59

If the new CEO is as good a turnaround guy as advertised, and can keep a lid on the production costs then this could do very well from here. Well funded, so good risk/reward from here imo

[excellance] 25/4/2019 14:52

We've had a long long down trend, massively dilution refinance, and now director options at rock bottom price.

Is now the time for reversal?

[excellance] 25/4/2019 14:49

Rambler Metals and Mining PLC (AIM: RMM) ('Rambler') announces on 25 April 2019 that Andre Booyzen, Chief Executive Officer, was issued 5,000,000 share options of the Company exercisable at the Fair Market value of GBP 0.013 per share,

[the deacon] 25/4/2019 09:29

I reckon so Ex. Cashed up now, I think this'll do well over the medium/long term given the copper outlook

[excellance] 17/4/2019 11:41

Well at 1.35p it looks like better value, tho the chart couldn't be worse without going below zero!

[bmnsa] 15/4/2019 17:26

From memory, l bought at 40p and sold in the low 30's as the trend did not stay my friend back then.

[excellance] 15/4/2019 16:39

16m at 50p

Oh dear

Money totally down the toilet.

Maybe copper price is the key here?

I know the company have spent fortunes, year after year, to create scale and efficiency, but the record isn't good.

The recent placing must have murdered holders value, so they would have to participate just to stay in the game, but there must be a lot of angry holders over the years.