Rambler Metals & Mining Share Discussion Threads

[snowydays] 28/1/2013 21:34

Why such a dramatic reduction from your earlier estimate of 20.24p?

[chipperfrd] 28/1/2013 20:03

jgraggaber,

I am currently estimating an EPS of c. 10p for CY13 at the current copper price.

As to what market multiple may be applied - I will leave that down to your own opinion, but I suggest 5-6x would not be unreasonably optimistic in anything other than a full-on bear market.

Just my opinion of course.
Chip

[jgraggaber] 28/1/2013 19:16

Chip,
What are your shareprice estimates for RMM? Are you still sticking with your Mar 2012 predictions. I guess there is a significant downward risk to copper prices, certainly more so than upward potential. Chinese inventories are apparently full.

[davidblack] 28/1/2013 14:03

10% is normally the limit trustees allow for investment in small illiquids.

Now if RMM was a $500m cap they could hold more?

[killing_time] 28/1/2013 13:14

Yep snowydays, thats how i interpreted the rules on the link you posted.

[snowydays] 28/1/2013 13:09

I think you will find that Rambler are not a foreign company.

I did not read the rules properly:

"Different notification requirements apply to voting rights which may be exercisable by qualifying asset managers, investment
managers, operators of authorised unit trust schemes/UCITS schemes etc. These are to be disregarded except at the thresholds of
5% and 10% and above (DTR 5.1.5R)."

So the notification is correct for Henderson. They just have to inform the company at 5% intervals. TINMA on the other hand should notify when each 1% marker is crossed.

[weegeordie] 28/1/2013 12:19

I think you will find that foreign companies have different rules.

[snowydays] 28/1/2013 12:08

But they are supposed to notify every 1% not every 5%.

[killing_time] 28/1/2013 11:19

I apologize to Henderson.

On the 21st March 2012 they notified the market that they had crossed 5%.

So with todays notice that they have crossed 10% they have played by the rules.

Next mark is 15%.

[chipperfrd] 28/1/2013 11:04

At least it is clear who has been soaking up all the stock for quite a while now!

[killing_time] 28/1/2013 10:58

Reading the rules it seems that they are open to interpretation but Henderson should of notified the market at the 5% mark.
From their point of view they probably don't want to notify the market until they have finnished buying so as to not push the price up with the worst that will befall them is a slap on the wrist.

[snowydays] 28/1/2013 09:24

So where are all the previous diclosure notices?

[killing_time] 28/1/2013 08:12

Ok, 7 million since 19th October 2012.

[weegeordie] 28/1/2013 08:07

7m? looks like around 180k to me.

[killing_time] 28/1/2013 08:04

Yep Henderson have bought over 7 million shares. Now to find out who sold.

[redhill] 28/1/2013 07:51

Henderson have increased thir stake to over 10% i see.

[snowydays] 21/1/2013 18:17

I can't remember this article in Growth Company Investor being mentioned here before. It is from late last year.

It seems there is no need for a new crushing and grinding circuit. According to this writer Rambler's "mine was making 'consistent progress', with an average throughput of 678 million tonnes in June."

[ned] 21/1/2013 13:53

Rambler Mines gave $2500 dollars. But the biggest contribution came from Anaconda Mine, who chipped in $10,000 dollars to the cause.

With a smaller contribution for the only truck let's hope Rambler and Anaconda are never on fire at the same time!

[snowydays] 19/1/2013 12:39

Rambler chips in for a new fire tanker truck for Mings Bight community. Just shows what a backwater Rambler is operating in.

[snowydays] 18/1/2013 09:05

Shares Magazine seem to have been given some information not in the public domain regarding the engineering study for a new mill. I wonder if they were also tipped the wink that the next results will be "eye-catching?"

[killing_time] 17/1/2013 15:32

Thanks ned.

The pre-tax profit is a little lower than my target but the interesting part is talks about building a new crusher. Does this mean that the idea of mining the lower footwall zone is moving farther away, in which case they are going to have to come up with more targets elsewhere. It would speed up cashflow but it would also reduce the life of the mine. KT.

[ned] 17/1/2013 14:02

Harry Potter on iii

"An interesting article in Shares Magazine today.

Believes 2nd quarter results in March will be eye-catching and provide maiden positive cash-flow.

They quote forecasts of £3.4 million pre-tax loss to July 2012 being turned around to a $26.1 million pre-tax profit in 2013.

Talks of the engineering study looking at building a new crusher and grinder costing between $10-$20 million which would help process up to 60% more material from Ming giving a very large boost to revenue and cashflow."

[snowydays] 16/1/2013 11:03

It would be nice to have an update on how the secondary processing of the tailings through the hydromet is going. The tailings are only low grade gold content so perhaps they can only do a gold pour infrequently, but it is now two months since the start of the reprocessing.

Some exploration results might be coming soon, otherwise it looks as if there is not much news until this quarters results are announced in a couple of months.

[jpsmithson] 15/1/2013 12:39

She has an important job snowy.
If she stands up that ship is going to float away...