Rambler Metals & Mining Share Discussion Threads

[snowydays] 22/5/2012 19:09

A PE of 5 is probably not reasonable considering that the mine was scoped for an initial 6 year life, and that revenue will fall away very significantly after the first couple of years.

At 800 tpd I believe that revenues will be about $100m for two years falling away to about $60m for the remaining years.

[cfro] 22/5/2012 18:31

Fantastic interview! :-)

George O speaks of one month commissioning then profitable after then, so before the co's YE. He then thinks two quarters of profitable copper concentrate production should re-rate the share price significantly. He expects atleast a pe of 5. That should all be achieved by November and the share price should be re-rated over one pound by then.

All good stuff. :0))

[snowydays] 22/5/2012 12:13

Thanks ajviews. Interesting video.

"We have produced our first copper concentrate." Very good news.

Just one thing I am not sure of. He speaks of starting commercial copper production by the end of calendar 2012. I hope he meant to say "end of 2nd quarter 2012" or "end of company year 2012."

[killing_time] 22/5/2012 12:10

ajviews, Great find.

Rambler started producing copper concentrate today.

The copper ore is softer than the gold ore so they are targeting 800-850 tons per day.

Should be up to full production by end of calender year.

George said that the share price should be rated on a PE of about 5, but to get to the re rating they will need two good quaters of production so hopefully by year end.
We are currently on a PE of about 1.5

5,000 ton concentrate = $20 million at todays prices.

edit: changed full production to calender year not financial year.

[ned] 22/5/2012 12:02

ajviews

Rambler seem well set. Good find. Cheers

ned

[ajviews] 22/5/2012 11:44

Just about to listen to this (like the title) -

[cfro] 19/5/2012 17:35

Hmmm....nice article snowy. ;-)

[snowydays] 19/5/2012 09:30

This is quite an interesting report from GoGold Resources, one of Rambler's neighbours in sunny Newfoundland.

"Terry Coughlan, President and CEO of GoGold Resources Inc., ("GoGold") (TSXV: GGD) is pleased to announce results from drilling at the Main Mine deposit at GoGold's Rambler property in Newfoundland Canada. GoGold targeted the down dip extension of this previously mined massive sulphide deposit. Four of the five holes drilled successfully hit the gold zone extending it approximately 450 metres beyond the old workings indicating the potential for an underground bulk tonnage target.

"The Main Mine deposit is one of several VMS-style deposits that occur along asymmetrically folded structurally controlled stratigraphic horizon as northeast plunging ore chutes at the former Consolidated Rambler Camp. The Main Mine occurs immediately south of Rambler Metals and Mining PLC Ming deposit which is currently under development to go into production. "

This seems to hint that GoGold believes that the deposit mighjt be part of a large unexplored mineralised zone extending to RMM's Ming Mine.

[elban] 18/5/2012 22:48

chip,

I would be interested in your latest calculation on RMM.

This is pobably one of those in which your analysis is most likely to work - since the management are seemingly reliable.

[snowydays] 18/5/2012 21:30

The journalist got the wrong end of the stick. The press release mentioned admission of the new shares to trading on AIM and the journalist misunderstood. You just can't get the staff.

Roll on copper production. If Rambler can process 1,000tpd the prospective p/e must be less than 1 now.

[jgraggaber] 18/5/2012 21:28

The private placing is rather unexpected. It may be in the interest of Rambler if they need working capital (delays?) and Tinma. I am less sure about PIs. The placing price is not really at a premium at 36, having just been above that recently when the deal was presumably negotiated. It is another dilution, not substantial but still. We just have to accept that individual shareholders interests are last to be considered by any listed company. Board first, institutions and major shareholders next and that's really it. There are only two ways investing for PIs. Either buy a promising and hold long term, i.e. years and hope it pays off. Bearing the risk of dilution after dilution we see with practically all junior companies or frequent trading. The latter may carry less risk if you are bold and smart enough to be happy with a decent profit and pocket i.e. realise it rather than proudly sitting on paper gains that often evaporate faster than you can blink.
There is just too much uncertainty out there, certainly in the Western world. Most governments are drowning in debt. The talk about austerity not being sensible is insane, you can't cure excess debt with yet more. Possible imminent break in Eurozone and subsequent run on some banks etc.
One thing is certain if you don't have a sensible premeditated entry and exit strategy you are likely to lose. Which was demonstrated to happen to the majority of PIs unfortunately. Getting carried away by emotions/attachment to a company is a very high risk approach. You start believing in the potential, strength of board etc, your hopes being crushed by unexpected delays, placings, bonds on favourable terms for institutions only the next day.

[trenchstench] 18/5/2012 19:35

We are already on AIM. Perhaps they mean listing on the main LSE market.

[cfro] 18/5/2012 18:32

Come again ?......we are already on AIM so i thought ?

[snowydays] 18/5/2012 18:17

Well, who would have thought it. Rambler are seeking a listing on London's Aim market.

[snowydays] 18/5/2012 16:10

Hopefully TIMNA would not be buying if they were aware (through their seat on the board) of any problems in bringing the copper concentrator online.

Rambler should now have completed the clean out of the mill and hydromet after the 1806 gold project. Hopefully there will be an announcement next week about the start of live commissioning for the copper concentrator.

In for a penny, in for a pound. I topped up a few more at 31.5p today. I suppose Rambler's management must get something right eventually.

[cfro] 18/5/2012 14:24

I guess the only real way for Tinma to seriously up their stake was to buy a few more via a placing so from a positive view atleast it was done at a premium and of course it raises more funds.

On a negative view its yet more dilution for smaller pi's however only 5% so in the greta scheme of things thats neither here nor their imo.

Tinma have a great opportunity once again to take advantage of the pi selling and mop up more shares at lovely cheap prices.

[killing_time] 18/5/2012 12:04

Agreed, i just topped up at 31.5p.

[redhill] 18/5/2012 12:01

You don't often get the chance to raise money at a substantial premium to the share price.

[killing_time] 18/5/2012 11:43

RNS out, placing of 7 million shares at 36p for Tinma.

[snowydays] 18/5/2012 11:40

Rambler stiching up the ordinary shareholders again. Why are TIMNA being issued these subscription shares? Do not be fooled into thinking the deal is fair just because the price is slightly above todays market price, they would not be able to buy that many shares in the market without sending the price much higher.

Why does Rambler need this money unless there are problems with the start of copper production? Perhaps news of more delays has leaked and that is one of the reasons for the falling shareprice.

[snowydays] 17/5/2012 09:11

Actually the price of copper is helping us tremendously. It should now be clear even to Rambler's obsessed management that the proposed expansion into the LFZ is far too risky to be considered.

[redhill] 17/5/2012 08:17

The price of copper is doing us no favours at the moment.

[cfro] 15/5/2012 13:40

Great to see Tinma continue buying as they said they would.

[redhill] 15/5/2012 13:08

Tinma Int hoovering up the sells at present.

[killing_time] 15/5/2012 13:07

RNS out.

Looks like our Chinese friends are sucking up all the shares they can get hold of, now past 11%, explains why the price is holding up so well.

Only 9% to go till they reach their target.