Rambler Metals & Mining Share Discussion Threads

[snowydays] 17/8/2012 09:28

So, yet another week goes past without any sort of update from this company. Are they processing 1807 ore exclusively yet? Have they increased the throughput from the pathetic 585tpd achieved in June? Who knows? Why bother to tell us, we are only the owners of this company.

But even though it is too much trouble to inform shareholders of what is happening I notice from the company website that Rambler is planning a "Roadshow" from September 3rd to September 7th in London. Does anyone know any more details of this "roadshow?"

At the same time as the "Roadshow" Rambler are also participating in Ocean Equities Mining for Growth Conference also in London, England on September 5th and 6th. There's not much information on the company website. Is anyone here planning to attend these events?

[snowydays] 10/8/2012 17:03

Thank you Chip. It was the low grades which confused me. In fact the quoted grades allow for a very high dilution of processed ore, which is why the grades are so low.

[chipperfrd] 10/8/2012 13:18

snowydays,

You are confusing Resources with Reserves!

The RESERVES quoted in their releases are in accordance with the NI43-101 statement dated 9/8/10 and are contained in the Tech report released in September 2010.

The current resources are a totally different matter. But until they are subjected to a further full economic assessment in accordance with NI43-101 standards more of the resource cannot be uprated to the Proven/Probable reserve category.

[snowydays] 10/8/2012 09:06

Why is it that at the end of most of Rambler's RNS's they include a section "About Rambler Metals and Mining" with the following paragraph.

"The initial six years of the Ming Mine project is based on the underground mining of massive sulphides with a mineable reserve estimate of 1.498 million ore tonnes grading 1.62% copper, 2.40 g/t gold and 10.90 g/t silver (24,252 tonnes of copper, 115,549 ounces of gold and 525,139 ounces of silver of contained metal). All massive sulphide zones remain open both up and down plunge with the current exploration program focused on extending the known mineralization for inclusion in the resource/reserve estimate. "

The massive sulphides have a much better average grade than stated, and the resource is larger than the 1.498m tonnes stated as shown in the picture below. Why are they quoting these figures in nearly every press release?

[parsons] 08/8/2012 06:06

RHPS sold them thats why they dropped in the first place!!

[snowydays] 07/8/2012 15:57

The price is gently ticking up on a large number of small buys today. Looks like it may have been tipped as a buy by RHPS.

[killing_time] 06/8/2012 10:27

I have a question.

Because Tinma now sit on the board, would i be right in saying that they cannot buy shares in the company until after the final results which are due either this month or next. KT.

Edit: The final results were not released until October last year so change the question above to Fourth Quarter Results.

[chipperfrd] 27/7/2012 12:26

Why on earth do people still follow that awful tipsheet?

Advising people to sell at the bottom of a weak market - and in a company that has just reached production and cash flow.

The only good thing is that it offered an opportunity to buy some more at sub 26p - so I did.
Chip

[bashers2] 27/7/2012 12:09

Agree - BUY note targeting 72p - doesn't move - SELL note from this crib sheet and it drops 10%!

[killing_time] 27/7/2012 08:29

I was just thinking the same looking at all the little sells. Well Tinma are going to think Christmas has come early and hoover this lot up on there way to 20%.

[snowydays] 27/7/2012 08:21

Looks like the market makers have pushed the price down in anticiopation of a wave of RHPS subscribers selling this morning. These tipsheets make me laugh. If the people writing them were any good they would make their money by investing not by conning mugs into subscribing for their drivel. Even horse racing tipsters have more integrity.

[count chris] 26/7/2012 21:43

RHPS FYI

RAMBLER METALS AND MINING (RMM): In its most recent presentation Rambler is predicting a share price re-rating (i.e. upwards) following the release of its next quarterly balance sheet, as investors begin to appreciate that the Ming Mine is now producing both gold and copper.

But I am not so sure. The junior metals sector is very out of favour and the copper price, a key barometer of the world economy, has been falling. Rambler needs a $231m capital investment to progress its Phase II plan and it may not be easy to raise such funds in today's climate. The share price has held up well in a weak sector of late, so we can sell out with minimal damage from my original tip price. SELL (Current Price 28.5p)

[jgraggaber] 26/7/2012 18:41

That was I understand expected after placing with Tinma and may not represent buying extra shares.
Interestingly RHPS issued a sell recommendation for RMM this evening in view of weak economic outlook and its likely negative impact on copper prices.
Iam curious on operational updates and notably earnings over the next few months.
Rather sad to see this drifting downward ever further but people see little potential in most resource stocks at present for good reasons. I hope this will stand out though.

[fangorn2] 26/7/2012 16:46

Tinma stake news.

[snowydays] 25/7/2012 18:38

InvestmentPitch issues a video alert on Rambler Metals and Mining.

Just a rehash of the last two news releases.

[killing_time] 21/7/2012 14:08

Agreed, so i think the numbers the company will use for total capacity will be 800-850tpd. In which case 85% of this target is about 700tpd which is not a bad number considering we were looking at a target figure of 630tpd only 12 months ago.

[snowydays] 20/7/2012 17:04

There was a large quantity of stockpiled ore from the LFZ so perhaps the mine was not running at 85% capacity.

I think you can rule out B. 1000tpd.

That would mean Rambler had to achieve 850tpd average over 2 months which is close to the maximum it has ever handled in a single day. I don't think that could be described as 85% capacity.

[killing_time] 20/7/2012 16:17

Ok if you say 630tpd which as we know was the old target, they are saying that commercial production is 85% capacity and it looks like we are hitting it in July,but June's figure was 585tpd so if you say 630tpd then we were in commercial production in June.

[snowydays] 20/7/2012 16:07

C. 630tpd

Hopefully Rambler will later get up to 120% or more of mill capacity.

Interestingly though, the mine capacity is probably much greater than the mill capacity.

[killing_time] 20/7/2012 13:37

Thanks lucky_punter.

The firms definition of " commercial production " is two continuous months where both the mine and mill are running at 85% capacity.

So what do people think the mill's total capacity is ?

A. 800 - 850 tonnes per day or
B. 1000 tonnes per day.

Hopefully an RNS in September saying we are in commercial production.

[snowydays] 20/7/2012 13:06

Thanks lucky. I particularly liked this part:

"Indeed, Ogilvie, who described the copper commissioning process so far as "smooth", said this month's (July) performance to date had been so strong that the it would no doubt count as a qualifying month towards 'commercial production'."

What is the score with Proactiveinvestors? It seems they ask companies to be "sponsors." Presumably Rambler receives this regular publicity in return for "sponsorship." I couldn't find out how much it costs to "sponsor" them. To be fair to proactiveinvestors they seem to just give companies the opportunity to speak for themselves rather than actually expressing any views or recommendations about their "sponsors."