Rambler Metals & Mining Share Discussion Threads

[excellance] 27/4/2020 15:33

With copper prices slowly recovering have we dodged a bullet?

[elpirata] 20/4/2020 11:11

from Phoenix Copper annual report statement today;

As I write, copper trades 35% below its 2018 high at $2.14 a pound, a level at which approximately 17% of world copper production is losing money on a true, sustaining capital expenditure basis, according to analysts at Jefferies. However, the fundamentals of precious metals as a store of value while governments are printing money have begun to reassert themselves

[excellance] 17/4/2020 13:52

Lots of relatively good news today, copper rising to near $2.35 and indexes doing well too...and it's Friday!

[excellance] 16/4/2020 10:14

In the current climate, with copper now at $2.30 will rambler need dilution?

[excellance] 15/4/2020 08:54

Ci, pleased your recovering your losses, settled in your Portuguese farm.

I too am doing well with gold. I have a decent holding in ALTN altyn gold mines in Kazakhstan.

Here at rambler I wonder if they can tweak their mining plan to focus on the high gold content ores?

Typically only 15% of their revenues are from gold, but surely if gold rises and copper falls that number could be 25% or more I assume.

[cinoib] 14/4/2020 18:53

Hi ex, still here, things inproving now copper is slowly getting some life into it. Mostof China is back at work apart from schools, so wife teaching from home via the net. Have recovered nearly 1/2 my losses thanks to the gold price. Hope to get some profit there as gold will reach 2200 before topping out, in my book. Life here is good, weather warm. Seeyou later.

[elpirata] 14/4/2020 12:18

Ming etc is a fairly remote outpost, Newfoundland has hardly been touched by covid

[excellance] 14/4/2020 08:41

Looks like business as usual regarding covid 19. Most modern mining is low on manning with big machines doing all the work.

[excellance] 10/4/2020 21:44

This covid collapse is a brilliant opportunity

[elpirata] 10/4/2020 13:58

this share price angel note is an interesting read if you havent seen it, basing 10p npv share price on $6,250 tonne - Even at current metal prices, we estimate a life-of-mine NPV of US$71.6m or 4.3p/share or approximately 2.5 times the current share price. We estimate that the share price at present is discounting commodity prices around 20-25% below current levels



rmm looks fundamentally undervalued at 1.5p imo

[excellance] 10/4/2020 12:02

There were only two trades yesterday, nobody wants to sell at these low prices for obvious reasons.

The question is, what is our copper price threshold for profit, and do we have a hedge against a copper price collapse like we recently saw?

I think the covid 19 pandemic will cause just a blip, but central banks have taken the opportunity to pump $10 trillion into the markets...now we just need the money multiplier or velocity to pick up, create demand, growth, and inflation.

[elpirata] 09/4/2020 17:42

easier said than done it seems - I had 4 fill or kill orders rejected today & the mm wouldnt deal on a limit order at anything under the offer. That spreads a killer, on a £5k buy the spread + dealing cost is £1k

[excellance] 09/4/2020 14:32

Yes it is!

[elpirata] 09/4/2020 10:45

thats a notable appointment for Rambler getting Toby Bradbury on board as a non exec - Im a longterm holder in Shanta where he did one helluva job financing both exploration & production through a very difficult Tanzanian political landscape and indeed developing a working relationship with the Tanz govt, unlike Barrick's Acacia which the govt effectively closed down.

the guya got the experience & contacts to drive this forwards - time to buy imo.

[excellance] 09/4/2020 10:33

Better and better

[excellance] 07/4/2020 16:17

thats a bit better

[excellance] 07/4/2020 14:54

cheap as chips right now.

[excellance] 07/4/2020 10:16

Copper recovering nicely now.

[excellance] 27/3/2020 14:37

Me too Ci, a long way to go now, the plague has several months to run, and again next year they say.

Best wishes and good luck to you and your family.

[cinoib] 26/3/2020 19:50

Ex, hi in Portugal just now, so useing the mobile. Not a good 2 weeks but sudden rise today on no trades, something in the wind, am still holding but suffering big loss so need some good news to help it respond.

[excellance] 10/3/2020 18:51

Profitable at $2.52?

[excellance] 05/3/2020 18:27

Given up trying to read that on my phone, I'll take a look when I get in.

At a glance it looks like LOM is many years, and open especially on dip.

Loads of copper, while gold is merely a useful significant credit "on average" yet I'm sure there are high grade zones.

Seems good at first glance.

I think the rising copper price is of more significance at the moment.

[chinadog3] 05/3/2020 15:50

Promising UPDATE JUST NOW

[excellance] 05/3/2020 13:35

not sure which way this is likely to go from here, but it seems that coronavirus, while it is a terrible blight, is just a minor blip in the grand scheme of things.

Yes, we'll all ave to clean up our act, wash our hands, cover our mouths when coughing or sneezing, and stop spitting on the pavement, and those continental types will have to stop kissing each other on the cheeks, but it seems the apocalypse may have been avoided.

copper at $2.56 is probably still profitable for RMM but we'll have to see the numbers.

not long to wait now.