Rambler Metals & Mining Share Discussion Threads

[ned] 04/10/2012 12:59

Chip
I think those price rises will certainly hasten the point at which "sentiment" (by which I mean the direction the share prices travel in) will change and prevent us from plumbing deeper lows. They certainly influenced me in abandoning my copper short (SCOP) which I was beginning to build as a hedge against my RMM holding!!

Once the shares begin to head upwards then I hope the best prospects (of which hopefully RMM is one) will shine and the wait will have been worthwhile.

One thing I am sure of is that the market has a lot of tricks up it's sleeve and I still seem to fall for most of them. Still a good day here pricewise so far, on low volume though, and after the production upset hopefully bodes well.
ned

edit
"QE3/4 is also having an (inevitable) impact on hard assets relative to the US$."

Very suprised this now seems to be offered as a semi-permanent feature when before Ben seemed to be shying away from it.

[killing_time] 04/10/2012 12:57

Hi ned,

My take on the share price is that everytime someone sells out it is just being mopped up by a large buyer, maybe Tinma. The point being that there just is'nt that many free shares on the market and this IMO is why we are seeing good gains in the share price on relatively low buying.
If there is a production setback next month and a few people sell out i would expect the shares to be picked up quite quickly, again supporting the share price On a plus note the hot money left when RHPS told its sheepeople it was selling so again making RMM's share price less volatile.
Maybe someone should ask RHPS how that trade went. :0)

[chipperfrd] 04/10/2012 11:55

ned,

QE3/4 is also having an (inevitable) impact on hard assets relative to the US$.

In 1 month the copper price has risen from $3.45 to c. $3.8/lb. It all helps for a copper producer approaching commercial production!

A near $200/oz rise in gold is not too shoddy either when it comes to overall value/t of concentrate produced.
Chip

[ned] 04/10/2012 11:44

So if we get a production setback next month, should we expect the share price to rise!

Maybe it's improved sentiment here that is giving us a lift.

[bashers2] 03/10/2012 15:41

Largish volume today?!

[king suarez] 03/10/2012 09:40

Very cool :)

[snowydays] 02/10/2012 22:45

Rambler's underground radio controlled trucks.

[alfie4048] 27/9/2012 07:05

well... yes, if you look at yesterdays trades. And expect the same today unless an explanation is forthcoming.

[wolterix] 26/9/2012 23:28

Is anyone that bothered?

[ned] 26/9/2012 23:24

They seem to have posted up a version that had already been superseded. Snowydays was too quick for them or it may have gone unnoticed when they put up the correct version.

[snowydays] 26/9/2012 21:32

I wouldn't expect an RNS. The October forecast remains unchanged so it was probably just a maintenance outage on the mill or concentrator, albeit quite a serious one.

It looks as if the webmaster jumped the gun putting up the first presentation. I would imagine someone has got their knuckles rapped over this.

What is more worrying IMO is the fact that Rambler are still blending in LFZ ore. I had thought this was just supposed to be for the concentrator commissioning phase, but it is starting to look long term.

[alfie4048] 26/9/2012 18:29

Looks like this should have been rns'd. Maybe the updated presentation was put up by mistake before the news release. rns tomorrow maybe... any thoughts?

[killing_time] 26/9/2012 14:05

Well we will not be getting Commercial Production until December at the earliest which explains why the company started to say by year end.

There should be an RNS out to explain this and not just a case of altering the figures and hopes that nobody notices.

This is the first year of production for RMM so like all mining companies starting out there are going to be problems to iron out but i expect better communication from the board.

[king suarez] 26/9/2012 13:38

That's rather alarming! - think it's worth emailing the company for an explanation?

I'm worried we might see a sell off on results now if there is some kind of production problem we have not yet been told about..

[killing_time] 26/9/2012 13:27

Mmm, good spot snowy.

[tonskil] 26/9/2012 12:41

yes, odd how such a change can occur in a day.

[snowydays] 26/9/2012 11:47

Signs of trouble at Rambler.

The presentation has been updated to version 2. Some alterations are minor, e.g. the $40m value of the hydromet is now stated as replacement cost, but some are significant.

Rambler have redrawn the copper production figures.

The August production figure forecast as 609 tonnes is now given as 549 tonnes, while the forecast for September production drops to a pathetic 354 tonnes. It appears there may have been a significant disruption this month and just 11,000 tonnes of ore will be processed.

The full year production forecasts have been removed.

Let's hope these are just teething problems.

[snowydays] 25/9/2012 15:59

What about the mention of 400,000 tonnes in historical pillars of the former mineworkings at grades of 3.5% copper and 2.5g/t gold. In effect that is an area roughly the size of the 1807 zone, or about 2 years of further high grade mining.

I still do not understand why the head grade is falling when we are supposed to be reducing the LFZ component.

Looking at the figures below it seems that we are able to process roughly 600 tonnes a day of dry ore on average, about 18,000 tonnes a month taking account of mill outages etc.

Most of the estimates I have seen on this thread, including those made by me have not properly understood the differences between tonnes of ore and wet metric tonnes fed to the mill. Nor have we properly understood the extent of waste material produced by the mining method, which reduces the head grade to much lower than the measured ore grade. As such most of our estimates of production have been far too optimistic.

[lonrho] 25/9/2012 12:09

yes especially liked the bits on ebitda of £23m in 2013 and the hydromet also being worth about £23m more than they paid for it.

[killing_time] 25/9/2012 11:15

Thanks snowy.

For anyone who wants to know all about Rambler and the future production targets this is a must read. (post 2020)

[king suarez] 25/9/2012 10:29

Thanks Snowy, will check it out later tonight.

[snowydays] 25/9/2012 10:11

New presentation.

[ned] 21/9/2012 13:24

..and a difference in the price to give the profit on the transaction.

It's strange that the flood of sells has come to an end.

[killing_time] 21/9/2012 13:10

Not sure,

With a rollover i would expect there to be a difference in the time, not exactly the same.

[snowydays] 21/9/2012 12:55

Just a rollover.