Rambler Metals & Mining Share Discussion Threads

[excellance] 30/6/2020 13:53

Copper now over $2.74

[excellance] 30/6/2020 08:23

Copper and gold flying now!!

[excellance] 30/6/2020 07:19

Copper hit $2.735 last night

[excellance] 30/6/2020 07:18

Today is the last day of Q2...

11-5-2020
In January 2020 the Company initiated a fundraising initiative to enable expanded production to 1,500 mtpd at 2% copper grade. Discussions with investors are at an advanced stage with anticipated finalization of funding by the end of Q2 2020.

[excellance] 29/6/2020 10:16

The markets are treading on egg shells, very nervous for many reasons.

Rambler meanwhile are about to announce their recapitalisation arrangements and share consolidation, but volume is desperately low here. There is just no interest and very poor liquidity.

If you think of all the changes they've made over the last two years it must be leading to something!

I wonder what the new CEO can bring?

[cinoib] 29/6/2020 09:24

ex, see we aredown again inspite copper getting close to break even at $2.72 as I type. Bad morning all round, all but 1 down this morn, think I'll go back to bed and look in again at close.

[excellance] 26/6/2020 14:29

Copper now $2.70

[excellance] 24/6/2020 15:26

Copper now $2.68, highest since December!

[excellance] 23/6/2020 21:46

News can't be far off...

[excellance] 22/6/2020 08:48

Copper at $2.67

[excellance] 21/6/2020 12:46

We have a mkt cap of just £20m because we are loss making and straddled with debt.

A debt for equity deal will be dilutive, but will recapitalise us and allow us to evolve into a profit making business, so we can be revalued.

We are currently ridiculously under valued based on potential profits.

[bsg] 21/6/2020 11:32

As long as we're not diluted out of existence.

[excellance] 19/6/2020 13:48

Copper $2.65 now

[excellance] 19/6/2020 09:15

Copper now $2.64 and looking strong.

Little rambler should be in good shape after the recapitalisation. Should be next week.

[cinoib] 16/6/2020 21:01

Ex, I'll take the iether opption.

[excellance] 16/6/2020 12:53

Just to summarise, in the last two years we have raised a boat load of cash, expanded production significantly, delisted from the Toronto TSX, had three CEO's, lost tens of millions of dollars, and are now on the verge of making profit except for the covid disaster, and we are about to refinance, presumably to remove all loans and debt to allow us to be profitable.

Either that or we close.

[excellance] 16/6/2020 12:21

I await the details of the proposed recapitalisation and consolidation with great interest to see what the big plan is.

I have noticed how little interest there is in Rambler in the private investor market, and hope they can find a way of raising some enthusiasm along with the new money.

As for legacy issues, there are a few, the gold royalty is one, but there is a land issue too which caused mining to stop at one section of mine several years ago.

[cinoib] 15/6/2020 22:34

ex, As I said before we need some how to get rid of that old deal for the gold as is not beneficial for the company. As we say there is more than one way of skinning a cat and everything is possible, so will sit tight a little longer and see what this new guy can come up with.

[excellance] 12/6/2020 15:14

Actually, looking at the recent drilling results, they are very gold heavy, yet last year we mined a zone with poor gold grades but decent copper.

With a little tweak, a few contract changes, and the odd takeover, RMM could emerge as a significant gold miner.

[excellance] 11/6/2020 16:28

I did notice that the new guy is in fact a gold guy!

[excellance] 11/6/2020 14:46

25/1 consolidation on June 30th, and new financing arrangement to be finalised by end of Q2.

meanwhile we are allowing Maritime Hold to use our unused gold circuit.

surely it would make sense for us to buy maritime and concentrate on gold production?
or maybe let maritime reverse into us and nullify the existing deal that gives away 25% of our gold revenues by way of an old royalty agreement?

[excellance] 11/6/2020 14:03

news very soon surely.

i wonder if, along with the new fund raising and consolidation, we also get a new partner?

exciting and scary times for investors.

[excellance] 10/6/2020 15:04

From CHF...

Significant gold intercepts were also encountered during Chesterfield's diamond drilling campaign of late 2018, including 29.8m at 1.1g/t Au, 27.9m at 0.97g/t Au and 10.5m at 3.8 g/t Au. Percussion drilling earlier this year encountered further gold enrichment in association with buried VMS sulphides at the Hillside target. Rock chip assays revealed significant intersections of zinc-rich VMS sulphides containing >1 g/t Au.

[excellance] 10/6/2020 15:03

Very little volume, hardly any real share price change despite the chart.

I'm looking forward to seeing what the recapitalisation looks like. With adequate funding there will be a net benefit to the share price even if the refinancing is at a discount, because presumably it will remove debt repayments, fund expansion, and allow us to be profitable.

It is also planned to consolidate shares to encourage institutional investors so liquidity should improve.