Rambler Metals & Mining Share Discussion Threads

[ceohunter] 29/11/2012 08:33

* 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:

[davidblack] 27/11/2012 17:19

Not sure why the stock dropped a few days ago.

Not sure why it went up today either.

Its a funny little stock that just needs a bit of direction and it should get interesting?

[snowydays] 25/11/2012 20:20

I wonder how Maritime intend to repay the loan after a year considering they have no income?

[chipperfrd] 25/11/2012 20:05

Perhaps Rambler are one of the lenders - or ideally, THE lender!

[killing_time] 25/11/2012 19:01

Interesting snowy.

They also raised $625,700 in June through a share issue.

From there website.
" The company intends to continue relying upon the issuance of shares to finance its future activities."

Looks like from your statement that they are finding it more costly to raise money each time.

I'm guessing that our holding in Maritime is no longer 17% with all this dilution.

[snowydays] 25/11/2012 15:32

Going back to Maritime Resources. I just looked at their website and saw this:

"Maritime Resources Corp. (MAE-TSX Venture) reports that the Board of Directors has authorized management to proceed with a loan arrangement for a term of one year whereby the Company will borrow $397,000. Under the terms of the loan agreement, lenders will be paid 10% interest and will receive a 20% bonus, payable in shares of the Company at a deemed price of $0.20 per share."

So Maritime are borrowing at 30%pa for working capital. I would have thought cash rich Rambler might have put their foot down here and instead suggested that they raise the money by placing shares with Rambler.

[snowydays] 25/11/2012 15:23

Yes, but remember Pete Mercer's comments in one of the video's that Newfoundland is notorious for small deposits in the 50,000oz-100,000oz range.

In the recent presentation Rambler say the replacement cost of the gold hydromet would be $40m. If we took a figure of $50m for the cost of building a local mill and hydromet circuit, that adds a whopping $1,000/oz to the cost of production for a small 50,000oz deposit and $500/oz for a larger 100,000oz deposit. Those are the sizes which would be of interest to Rambler.

I think it is rather mite though. At current metal prices Rambler would be foolish to expand into the LFZ, so they should continue to use the existing mill for the Ming Mine for the next few years.

BTW, the ore from Greenland was shipped in and delivered at Goddyear's Cove. That was why there was some infrastructure there which Rambler were able to re-use.

Hopefully we will get some newsflow next week if they are presenting. Perhaps a new presentation at the website and some indication of production forecasts and how cash is building?

[killing_time] 25/11/2012 14:13

Thanks chip.

These are very good figures. I would like to see Rambler make a bid for Maritime before too much drilling has been done.

Going back to my previous post then, if Rambler found a deposit like Hammerdown somewhere far away from Nugget pond, if the current gross value of ore per tonne was say $400 or even $200 then transporting by road would make sense if it was a small deposit. Any larger deposit imo would probably work out better with its own mill.

So whilst eating a bit of humble pie then snowy you are right that we could transport it from most regions as long as the grades are good. KT.

[chipperfrd] 25/11/2012 13:01

Killing_time

Just to add some numbers to your post!

Current gross value of ore per tonne from the Hammerdown mine is $467/t

From the Orion deposit is $294/t

From Lochinvar VMS deposit would be $227/t

It is clear to see why RMM are interested in gaining ownership in Maritime Resources!
Chip

[killing_time] 25/11/2012 11:48

Hi snowy,

I'm guessing that if they processed ore from Greenland it would have landed somewhere in Baie Verte or very close. Trucking ore about with oil at $100+ a barrel is very expensive imo ( i have no exact figures ) and this is one reason why our new mill will be built at Ming, to keep costs down. Rambler have said before that they are looking for targets in the Baie Verte area which would feed our mill at Nugget Pond when the processing at Ming switches to the new mill ( if its built) but i'm guessing that these targets are more likely to be gold than copper as the ore would have more value per tonne when transporting.

The point i'm trying to make is you can probably truck good grade ore from a number of satelite deposits within a certain distance, say 150 miles and it would be profitable ( all depends on ore grades ) but there is no way imo that you can truck large amounts of ore say 1000 tonnes a day over 300+ miles with out it making sense to build a mill at that site, so if Rambler found a good project say in the south i would expect a new stand alone mine to be built.

As for moving ore at a few dollars per tonne in a days drive just imagine loading a twenty tonne lorry full of ore in John o Groats Scotland then driving it down to Manchester not using motorways then going back again, probably cost £100+ in diesel then to rent the truck plus driver say another £200. It just does not make sense unless the ore grade is really high.
This is just my opinion and the figures are just a rough guess,( could be more ). KT.

Edit; If you were trucking ore over large distances in Newfoundland you would also have to take into account disruption due to large snow falls in the winter months. You can combat this by stockpiling but if you had a really bad winter its possible that you could run out of ore which then leads to a shutdown of the mill and angry shareholders.

[snowydays] 24/11/2012 09:30

K_T, just looing back at your post about the feasibility of processing deposits outside Baie Vetre, let's not forget that the mill and hydromet were recently processing ore from Greenland.

I would have thought that most of Newfoundland was within a days drive of Rambler's facilities and ore could be trucked in at a few dollars a tonne.

[ned] 23/11/2012 21:49

From MM's post on iii today

"There's a bloody big ship at the Port of Goodyear's Cove this morning."

[bashers2] 22/11/2012 09:13

Thanks SD - good article.

[snowydays] 21/11/2012 12:41

Rambler - Are they The Perfect Ten?

You will have to scroll down a way before you get to the bit about Rambler.

[davidblack] 20/11/2012 15:18

Clearly the market seems to disagree! Another small drift of 0.625p

[davidblack] 19/11/2012 20:50

I think they have much bigger ambitions than you might think.

[killing_time] 19/11/2012 18:04

Hi Davidblack.

"Killing time" why should RMM bother increasing their stake at this point?

The main reason to increase at this point in time is because Maritime's shares are cheap C$19, compaired to when we took our 17% at C$23. If Maritime are drilling at the moment and they hit some good deposits the price could shoot up to + C$25 then with a placing as you say we would still be paying around + C$22 imo, but if there was a placing now maybe we could pick a lump up at say C$16.

You are right that waiting for good results would derisk the investment but considering we own 17% of the company we should have knowledge of how well the drilling is going long before figures are drawn up for the market so if we did increase are holding now it would be because we like what we see imo.

Your comment "no small project on the island is likely to go forward without RMM being involved"

Newfoundland is over 650 miles across and 700 miles from NW to SE. Only small stakes around Baie Verte would be considered imo, with anything further out having to have serious potential as a stand alone mine.

Good to see some new blood on this board. KT.

[davidblack] 19/11/2012 16:01

"Killing time" why should RMM bother increasing their stake at this point?

Better to wait for Maritime's next placing and underwrite it at a nice fat discount when they have some good news. That way they can derisk the investment massively.

More likely would be taking grub stakes in a series of small non listeds. After all RMM have the processing plant and no small project on the island is likely to go forward without RMM being involved.

That apparently is now the job of the chap who was promoted last week. He is in a very target rich environment!

Looking forward to their AGM on the 6th and the Proactive presentation that evening.

[killing_time] 19/11/2012 12:47

You might be right on the "strategic news" but i was expecting something else like an increase in the equity stake of Maritime Resources. Lets see what the next few weeks bring.

[snowydays] 19/11/2012 12:01

Surely the "strategic news" is just the internal promotions and reorganisation announced last week.

I am hoping for an RNS saying the Sprott loan has been repayed. We should now have nearly two months of high grade production, and even with a receiving only 90% payments cash should have grown by several million since the last update. There should now be sufficient to repay the loan and still leave Rambler with a comfortable cash safety net.

[killing_time] 19/11/2012 11:16

I guess they expect next years earning to drop because the grades will start to go down but i don't see how Seymour Pierce can make that call when Rambler haven't even told us the production target for this year. Also i would expect average mill through put to go up next year as they tweak the machinery so imo the Seymour Pierce target for next year is a pure guess.

I'm expecting some RNS's very soon. Firstly i believe they are attending a conference in San Francisco this week and they said there would be some "strategic news" to go with this.
Secondly i'm expecting an RNS soon on production targets for the year ahead and finally there should be at least one holding RNS with all the selling that has been going on over the last month. KT.

[snowydays] 19/11/2012 10:45

I see Rambler's tame house broker Seymour Pierce have reduced their earnings prediction for Rambler yet again.

They are now predicting earnings of just 11.58p this year followed by 11.7p next year. Just six months ago they were predicting earnings of 18p per share, then it was lowered to 14p and now 11.58p.

To be fair that 11.58p earnings this year is on just nine months commercial production, but next years predicted 11.7p is on a full years production.

[ned] 16/11/2012 16:11

From johandesilva on iii



"Some of the businesses did not perform well and on review, we sold our holdings in Trinity Mirror and Optare. There were also other holdings with temporary problems and big price drops where we have increased our holdings during the review year such as Weatherly International."

"The performance of mining shares has been very poor, as most companies have been sold off irrespective of their individual merits. Portfolio companies Central Asia Metals and Rambler Metals and Mining, both focussed on copper, started initial metal production during the year under review. In both cases the shares made negligible headway despite their successes."

[ned] 13/11/2012 19:09

AGM is at offices of Seymour Pierce, 20 Old Bailey, EC4M 7EN 6th Dec 2.30pm.