Rambler Metals & Mining Share Discussion Threads

[ned] 02/11/2012 08:16

"Rambler TV certainly gives a good impression."

So good, I thought, that I posted it on a couple of threads.

I convinced one chap to top up his holding. lol

[dukedosh] 01/11/2012 22:27

More bullish news on copper futures:

"Copper Rises Most in Two Weeks on China, U.S. Economic Signals"



Very good news for the Rambler story.

[ned] 01/11/2012 21:26

Rambler TV certainly gives a good impression.

[hiddendepths] 01/11/2012 18:05

snowydays - naughty, naughty - I'm sure that you know that GEM only has a P/E of 2 if you include the exceptional writeback. The earnings growth you cite is equally misleading. It's not bad value even so but I am not alone in thinking that the underlying P/E is about 10.

[snowydays] 01/11/2012 17:52

Rambler TV

New corporate fact sheet for Oct also

[ceohunter] 31/10/2012 14:59

* RMM Investor Presentation - London - 6th December - 6pm start *

The directors of Rambler Metals & Mining (AIM, TSX-V: RMM), SolGold (AIM: SOLG), African Queen Mines (TSX-V: AQ) and Kolar Gold (AIM: KGLD) will be presenting in London on Thursday 6th December.

Venue: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

Free to attend.

REGISTER HERE as places are limited:

[snowydays] 31/10/2012 08:02

If you want a great miner which actually delivers the goods rather than the endless jam tomorrow you get from most small explorers/developers/miners then have a look at Gemfields GEM.

GEM is delivering fast profit growth, up 140% in the last results, a PE of under 2 a fast growing cashpile and a growing niche market.

[newtona2] 31/10/2012 06:49

Thanks. I did look at MML but choose Rambler as my producer at the time, then POG. I'll look at MML again.

Tony

[chipperfrd] 31/10/2012 00:53

Tony,
I can hardly disagree with Conundrum, having been a very happy holder of MML since 2008!

A 15-month period of development is coming to an end this quarter and they will then be set to grow production to 200koz pa by mid-2014. As one of the lowest cost producers on the planet they are hugely cash generative and aim to build a 2nd mine operation by CY2015 funded organically.

Well worth a look for added diversity in the gold space (IMO).
Chip

[conundrum] 30/10/2012 21:35

newtona2

The CHIP thread is excellent and a good place to learn more about the sector, I am a regular reader, though still far from being an expert.

It tends to mainly feature early stage projects, most of these are too risky for me personally in the current financial environment. (We all have a different attitude to risk / reward).

If you want a gold producer already in production, with decent growth prospects, you could take a look at MML. I hold these as well as RMM. As always do your own research and make your own decisions, just a suggestion.

Would also like to add my congratulations to the Rambler Management team for getting us into commercial production, and am hoping for a re-rateing at some point in the future.

[lucky_punter] 30/10/2012 14:06

Rambler Metal & Mining's (LON:RMM, CVE:RAB) Ming copper and gold mine in Newfoundland will be declared in commercial production from November following its running continuously for 60 days.

[ned] 30/10/2012 14:05

Ah - this must be Tom's Rambler update.



"The pressure to deliver a tip by a certain deadline forces one to make marginal calls, which Tom is not interested in doing (anymore)"

[snowydays] 30/10/2012 12:58

What are you talking about? Mr Ogilvie has already declared Ramblers intention to initiate a share buyback provided the necessary resolution is passed at the AGM in December.

Rambler is not on a forecast pe of 2, although the price/cashflow might be around 2 for the next 12 months.

What better could they do with our money? Buy back our own shares at a low PCF or buy another company at a premium and a much higher ratio? Which is better?

I know it is not realistic, but taking things to the extreme, if Rambler used the next two years free cashflow to buy back 99% of the issued shares then the next years eps of our outstanding shares would be 100 times highr and the shareprice would probably be nearer £38 than 38p. As a shareholder I would consider that to be a good use of spare cash.

As an aside, has anyone else noticed that issues raised on this board e.g. the matter of wet and dry metric tonnes and the question of why Rambler was showing low headgrades and still blending in LFZ ore, have often been addressed in the next company announcement? I wonder if George and the boys are regular readers here?

[newtona2] 30/10/2012 12:28

Snowydays. Not a prayer. With a forecast PE around 2 there is no way they are going to buy back shares to improve eps.

No, as an explorer/ producer RMM will undoubtedly be looking for additional resources to explore and mine.

Tony

[snowydays] 30/10/2012 11:17

"Now that we are in production this
is just one of many opportunities that we intend to exploit over the coming months."


I wonder what the "many opportunities that we intend to exploit" are? Hopefully a share buyback programme is one of them. There are few things which do as much good for a companies eps growth as share buybacks. Hopefully that will be a top priority. I wonder what else? The suggestions of a merger or takeover of Anaconda or other nearby miners/explorers might be on the cards.

[newtona2] 30/10/2012 10:35

Chip, thanks. Sorry, I am not looking for investment advice, just opinion based on stronger longer knowledge than me. I clearly need to read your CHIP thread more closely again, to see the other more promising stocks!

You answer above does steer me in the right direction.

Cheers,

Tony

[chipperfrd] 30/10/2012 08:49

Tony

It is impossible for me to give you a definitive answer to the questions you pose as all we can offer or take from these BBs are opinions. And, like everything else, opinions can be borne out or proved incorrect over time and events.

For myself, I try and estimate the probable financial performance of a stock given all available data and then compare all such self-generated estimates over the next few years in order to try and find the best balance and diversity for my portfolio.

Currently RMM compares favourably over the next few years. It is not the highest potential gainer in my investment universe but it still appears (to me) to offer more than adequate upside potential with an ever reducing downside risk as they move towards sustainable consistent production levels.

However, I firmly believe in keeping diversified across as many stocks as possible, so irrespective of my opinion as to the probability of success in any one stock I would certainly never put myself in the situation of having too many eggs in one basket.

I appreciate that the above is probably inadequate as an answer - but I'm afraid it's the best I can offer.
Chip

[redhill] 30/10/2012 08:29

I expect the re-rating to take place when the market sees the actual production numbers.

[newtona2] 30/10/2012 08:23

Thanks peawacks, will check it out.

Bashers2 - indeed, I Should have made it more clear. I bought in back in January at 28p, so I've seen the recent rise, as well as the previous rise and fall. But I guess my point is that all this time the prospects for next year were for a PE of under 3. 10 months later and we're still on a prospective PE of under 3, yet are producing in big quantities. The industry is clearly just unloved.

Tony

[bashers2] 30/10/2012 08:00

Newtona2 also look at the recent improvement in share price following good news flow (not just last few days). This stock will be re-rated and at present is ticking up nicely, this has always been a slow mover - but it may not always be so.

[peawacks] 30/10/2012 07:33

Newtona2, have look at Premier gold PGR. Not a tip but have look and make your own mind up !

[newtona2] 30/10/2012 06:24

Thanks Chip.

The gold exploration and production business mystifies me (so I must be mad holding 4 different gold shares at the moment!).

I well understand the concepts of over promise and under deliver, which seems to be a prevailing theme with these guys, but even when productions is happening, as now appears to be the case with Rambler, we have price anomalies such as this. With companies like Amazon trading at over 100 times earnings, and Apple only on 15 or so, I am also familiar with the crazy nature of valuations.

But a PE of 2 for a miner delivering reliable quantities of Copper, Silver and Gold from Canada. How does that work?

If it was in any other sector I'd be selling my house to buy so many of these as to make my eyes water - but clearly the world does not agree.

Serious question - what am I missing? Or does my hesitance mean I'm going to miss out on a life changing opportunity here if I don't buy as many as I can muster up the cash for?

Final thought - I own Stratex, Shanta and Petropavlosk in addition to Rambler. Any thoughts on whether I should dump the rest and bet the lot on Rambler, or indeed are there any other better gold/silver/copper prospects out there?

All the best,

Tony

[chipperfrd] 30/10/2012 00:43

newtona2

It is good to see that they have had higher head grades lately. But I am still using an average of 3.8% for Cu and 1.3g/t for Au in order to try and remain conservative.

Such grades at the current recoveries look as though they will deliver an EPS of c. 18p for CY2013 at current metal prices. So in my view they remain undervalued.
Chip

[newtona2] 29/10/2012 22:26

I've doubled my holding here today with another 8k - but I am now wondering whether this is such a good medium term prospect that I should buy a bunch more in my SIPP.

I can see the numbers and the forecasts, RMM are now producing in reliable volumes and grades, yet the prospective PE is still only under 3.

How can this be?

I worry that I am too influenced by Snowydays, and there is more to it than appears to be obvious. But it seems too obvious these should be considerably higher than 37p.

I don't entirely understand the grades. Could somebody reassure me on the numbers - are they better than was previously expected?

Thanks