Rambler Metals & Mining Share Discussion Threads

[211289] 05/10/2011 16:01

Thanks -- so there are more than double the shares that ADVFN actually quote -- is this a Toronto / UK split of shares ?

[wolterix] 05/10/2011 15:44

123,292,778 Ordinary Shares in issue * £0.24 = £29.6 mill

[killing_time] 05/10/2011 15:40

211289,

At todays price i have a market cap of £29.60m.

[211289] 05/10/2011 15:30

In the G Ogilvie interview, I don't understand where the market cap of £36m comes from -- even using the share price from the end of Sept, this just doesn't add up to me. I'm probably missing something -- but ADVFN put market cap at £14m ??

[redhill] 05/10/2011 09:02

Copper rebounding today.

[ajviews] 04/10/2011 16:11

Looks like potentially a final drop for RMM to 12m lows and support, bargain levels to pick up a few myself given upcoming production and a positive LT outlook here.

[larney] 04/10/2011 16:02

Thank you dukedosh, so we should have confirmation that Ming is producing any day now.

[chipperfrd] 03/10/2011 20:58

Thanks dukedosh!

[sporazene2] 03/10/2011 20:45

well copper falling 35%+ is not a great sign. I recall the feasibility study had a paultry NPV also. We'll see maybe the price of copper will stabilise in time for commissioning. I am on the sidelines.

[dukedosh] 03/10/2011 20:40

New Proactive interview. George Ogilvie, President & CEO of Rambler Metals & Mining, talks about a copper gold project weeks away from commissioning, a market cap of only £36 million, a very stable mining jurisdiction, breaking even at $1.70 lb copper & $849 oz gold, & doing better than feasibility study (Sept 2011).

[wolterix] 30/9/2011 14:43

more likely than not to plug that hole at 31.5 / 31

[mdchand] 30/9/2011 10:47

Ocean broker note issued today.

Rambler Metals and Mining ("Rambler") has announced an agreement with Sprott Resource
Lending Partnership ("Sprott") whereby Sprott will provide Rambler with a secured loan facility of
up to $10m in either Canadian or American dollars. Rambler is in the final stages of construction
of its fully integrated Ming mine-concentrator-port facility in the Baie Verte area of
Newfoundland. A stockpile of ore has already been made from the Mine and the copper-gold
concentrator is set to start-up in early October.

$10m Credit Facility
Rambler entered into the secured credit facility to give itself a working capital buffer during the
commissioning stage of its Ming mine. Having signed the deal, Rambler will have to draw an
initial $5m portion of the facility within 30 days (currently Rambler has C$6m cash on its balance
sheet). The remainder of the facility will be available to Rambler until August 2012. There are
several conditions that Rambler will have to meet to draw the remainder of the facility. these
include a site visit by Sprott and a review of any off take agreement the company is in at the
time of the draw down. The terms of the loan are that interest will accrue at a fixed rate of
9.25% per annum. The amount drawn down is to be repaid by March 29th 2013.

To provide the facility Sprott will be paid a 3% commitment fee plus a $100,000 structural fee.
Rambler has agreed to exchange the commitment fee for shares in the company which equates
to 643,227 shares at C$0.466398/shares. This is based on the 10 day moving average share
price of Rambler shares. These shares are expected to be admitted by AIM on October 5
at which time Rambler will have 123,980,005 shares on issue. Sprott will also charge a 4% fee for
any future draw down from the facility. Rambler and Sprott have agreed that this fee can be paid
in Rambler shares. Again the share price will be based on the 10 day moving share price on the
TSX the day before any amount is drawn down. The upper limit of shares that Rambler will issue
to Sprott pursuant to the credit facility will not exceed 2.75 million ordinary shares.

Ocean Comment

This is a prudent move by the company to de-risk the final critical stages of the construction of
Ming. The company has had no indication that the mine will require the additional funds to bring
it into production but does not want to be in the position whereby it has to return to the market
for additional funds to support the project.

While the payment of the credit facility fees in shares will be dilutive to current shares holders,
bringing Sprott onto the share register should benefit both parties. Sprott will benefit by
acquiring shares in one of the few companies that is transitioning from developer to producer, at
a low share price. Rambler now has another big name investor on its register; a well regarded
investor in Canadian mining stocks.

The Ming mine is entering the final stages of development, with work concentrated on getting
the Nugget Pond concentrator online in early October. The most critical part of this last step is
hard wiring the concentrators components into the power source and final commissioning of the
flotation circuit. We expect to hear from the company very soon that this last step has been
completed and that the mine is operational. The first shipment of concentrate from the mine
expected to be made.

[huttgl] 30/9/2011 09:58

Looks like cash sorted for the foreseeable future. Hope to be self-funding before the first slice is spent.

[p@] 30/9/2011 09:45

Wakey Wakey!!: Sprott buys at C$0.466

[divinausa1] 29/9/2011 07:00

Copper Prices and Demand From a China Perspective

[divinausa1] 26/9/2011 06:46

.
Xstrata Says Copper Demand Continues to Outpace Supply

[larney] 24/9/2011 08:51

Not the first time he has said this ;


When it starts producing Ogilvie noted that Rambler will have the flexibility to play profitability against commodity prices as some areas of its resources are copper rich and others gold rich. Thus there is flexibility to tweak blending of its concentrate to maximize profits depending on where market winds blow.

May be we will be concentrating on the gold first then.

[wolterix] 23/9/2011 22:59

copper bottom

like my sospans

[p3dr036] 23/9/2011 12:09

Worth signing up to this re AIM shares not currently ISA-able



Worth passing on as there are many investors with AIM shares which they presently can't hold in an ISA!

Cheers
p3

I have posted this onto my "favourite" threads - so don't be surprised if you see it again!!

[robizm] 22/9/2011 19:12

$3.48 at the moment

[sporazene2] 22/9/2011 15:54

me too but copper is on the slide. $3.7 per lb last time i looked.

[killing_time] 22/9/2011 12:55

I'm hoping we get a bounce in the share price when they open ming at the end of Oct.

[divinausa1] 22/9/2011 12:52

I have stayed with RMM after the chairman bought 600,000 at 36p i think it was
nice that the mine is in Canada and not in some tin pot African country :)The Sp should move up over xmas and into the new year....

[killing_time] 22/9/2011 12:47

Thanks wolterix.