Rambler Metals & Mining Share Discussion Threads

[fangorn2] 01/5/2013 11:21

Rambler Makes Further Repayment to Sprott Resource Lending Partnership

[lwaxf13] 19/4/2013 11:03

Yip, the market certainly sees it that way - not :-)

[killing_time] 16/4/2013 15:13

Looks like a good bit of business, Expanding our land bank for the future.

[fangorn2] 16/4/2013 07:56

Rambler Metals Completes Property Arrangement to Explore for New Gold & Copper

[snowydays] 14/4/2013 20:13

If Rambler's management said that they obviously have a strange idea of what "good" means in terms of production.

Production for the last quarter was low. Remember in the 3 months to the end of February they produced just 3,150 tonnes for shipment. In the quarterly results they mentioned production of just over 4k tonnes and that period does not include February. Even if we discount the first half of February and say it was just 2.5 months for the shipment they are still producing only 1,500 tonnes of concentrate each month compared with earlier estimates of 2k to 2.5k. This is at a time when they are supposed to be ramping up production.

[killing_time] 14/4/2013 19:07

With Thanks to Manic Miner on iii. 12/April/2013


Fellow II's,

I spoke with management at the mine today. There have been no catastrophic events at the mine and in fact production has been good. Other than the early part of February where they had ore sticking in the course ore bin. I believe this was announced in the Q2 Results.

Management believes the fall in share price is not reflective of Rambler but is part of what is happening in the wider market. The gold price is off $60's (-4%) today alone while copper is also down 7 cents (-2%). They indicated that they have no need to raise money and that although a falling share price is unwanted it should not be dilutive and that the long term fundamentals for copper in their opinion remain strong.

The message was all they can do is execute their plan, take advantage of any opportunities these markets present for cash generative company's and spread the word.

Stay strong fellow Rambler believers.

Manic Miner

[jgraggaber] 13/4/2013 10:17

Redhill,
RMM is under double pressure with both weakening gold and copper price. I am never sure what and who people mean by MMs. I can see good reasons for the gradual drop over the last few months. Not to say that this may not be a winner over the next few years though. They do seem to have a good team but are entering production at difficult times.

[johnrxx99] 13/4/2013 08:35

Every fall is a manipulation to some, I always wonder what that means. Gold fall, manipulation; share fall manipulation. When did one hear of a rise as manipulation?

[lwaxf13] 12/4/2013 22:11

>Looks like fall has been manipulated to get the big boys in cheap.

LOL. What basis of fact do you have for that? What big boys? When? How many are they buying? I only regret I did not bail out of this when it hit 30p. Looking terrible here and I too have lost the faith :-(

[redhill] 12/4/2013 15:14

Looks like fall has been manipulated to get the big boys in cheap.

[ned] 12/4/2013 10:56

snowydays 11 Apr'13 - 15:08 - 2424 of 2426

I will try to get to the interface event in May. It's time the directors here faced some realistic questions.
...................

Good for you if you manage it.

[johnrxx99] 12/4/2013 10:50

Sold most of mine as well. Most disappointing.

[count chris] 11/4/2013 21:39

I'll be interested in your report Snowy. I continue to hold on ever the optimist

[snowydays] 11/4/2013 15:08

I have sold most of my holding, but keeping some just in case.

I will try to get to the interface event in May. It's time the directors here faced some realistic questions. I wonder if they will dare to repeat their previous claims of huge cashflow just around the corner.

[jgraggaber] 11/4/2013 14:08

I fortunately sold a few weeks ago. This mine is not going to be as profitable as forecast for quite a while. With Sandstorm gold loan etc there is a lot of debt to be repaid and minelife is very limited. The terms of the loans do suprise me, but this is of course still a risky venture. I find it strange that standard commercial banks have not stepped in though. (In a family business recent interest rates were 2.9% (all in) - the difference obviously being that here managers and not owners negotiate terms and rates.). Copper prices may not rise for a while, expansion into LFZ may not be economically viable and would certainly incur massive capex. It certainly does not look like the long promised re-rating anytime soon.

[augustusgloop] 10/4/2013 21:18

snowydays,

I wouldn't go so far as to say that they have lost credibility yet.

They are probably the most honest of a very bad bunch of AIM miner directors.

What concerns me is that it takes a great deal of research in RMM to get even a half reasonable view of what is going on.
I find forecasting here abysmally difficult.
I am not yet sure if that is due to the nature of the mine, or to the presentation of the information.

I also find the financing structure somewhat confusing.

I sold a few months ago. But would be willing to buy ifI can see some clarity.

Like you, I am not convinced (understatement) by the economics of the footwall.
But if they show that they can make a reasonable profit for a prolonged period from the other regions then I would be willing to take a bet on the basis of copper price improvement in the long term.

[snowydays] 10/4/2013 20:40

Doesn't make any sense?

Apart from the fact that Rambler have consistently failed to deliver on their promises and have shown that they can barely make a profit even mining the high grade 1807 zone? How will they break even mining the lower grade zones?

When the management of a company lose all credibility, as Rambler's have done, it is very hard to restore market confidence.

A takeover or a massive new find seems the only hope left now.

[redhill] 10/4/2013 14:09

Yes but the fall doesn't make any sense unless its related to the price of copper.

[lwaxf13] 10/4/2013 12:23

Timberrrrrrr ... Looks like not many impressed with RMM. Re-rating? What re-rating and for what? Down she goes, where she stops nobody knows :-)

[ned] 10/4/2013 11:22

lol (well maybe not lol) Looks more like a small business than a loan.

[augustusgloop] 10/4/2013 11:18

The more I look at the Sprott loan, the worse it seems:

9.25% interest.
4% extension fee.
3% committment fee
4% drawdown fee
$100,000 structuring fee.

That's an awful lot to pay for a secured loan by a company that is seemingly starting to throw off cash.

I run a small business.
My loan costs are presently: 3% interest, 1% new loan (/extension) fee, 0% commitment fee, 0% drawdown fee (that's just a con)