Rambler Metals & Mining Share Discussion Threads

[excellance] 09/6/2021 13:57

Annual copper production is projected to be in excess of 11,500 tonnes per annum from 2022 onward and average 13,265 tonnes for the life of mine.

[excellance] 09/6/2021 13:53

Share Lock-ins and Orderly Market Agreements

Each of CE Mining III and Aether, who will collectively hold shares representing in aggregate 39.8% of the ordinary share capital of the Company on Admission, will undertake to the Company and share price Angel that, other than in certain limited circumstances, they will not dispose of any interest in the Converted Shares for a period of 6 months following Admission, and that for a further period of 6 months following the expiry of the initial 6 month period, they shall only dispose of an interest in the Converted Shares provided such disposal is effected only through the broker for the time being of the Company and in such manner that the broker may reasonably require with a view to the maintenance of an orderly market in the New Ordinary Shares.

[excellance] 09/6/2021 13:44

production results for the half year and full year ended December 31, 2020. Rambler produced 1,661 and 3,769 tonnes of saleable copper for the half year and full year, respectively. Throughput for the half year and full year were 115,195 and 263,230 tonnes of ore, respectively.

[excellance] 09/6/2021 12:55

I expect a little disruption when the duck pond mill is relocated.

The ore sorter and relocation of DPM will significantly improve efficiency, but it will require a window in processing of a week or two, tho mine production can probably continue and be stored.

Meanwhile in Q1 "We have successfully increased the strength of our mining team with excellent recruits in management, supervision, training and operating" and I'm hoping our Q2 numbers reflect this.

[excellance] 09/6/2021 12:43

We are half way thru the hedge contract and in just six months will have a new one and our financials will look very different.

The critical thing is that we pay our loan repayments.

[blue square] 09/6/2021 12:35

Added 150000 today to get up to my previous
holding of 500000(50 million)the share does
not owe me anything as I took £80 000 profit
before the fall.
Decided to go with my own opinion but the LSE
board could drive this down a lot further
but patience is not my strong point, happy
enough with a new 36.2 aver and my research
assuming what was in the public domain was
accurate.
There is a chance we could get blindsided
with unpleasant funding news but that is the
chance you take ,happy that the third wave
of covid is subsiding in newfoundland and
in particularly the central health region
we don't want whole shifts isolating if
there is a odd case.

[blueblood] 08/6/2021 15:38

Not sure why wouldn't any predator be snapping up shares at this price given we were at 60p equivalent just few weeks ago. Prefer to see us increasing production and revenues for another 12 months to unlock intrinsic value in copper bull market

[excellance] 08/6/2021 14:49

Indeed.

We also have the "unsolicited interest" in our assets to consider.

When we got refinanced in December I immediately came to the opinion that we were being packaged up for sale. I still believe that.

[blueblood] 08/6/2021 14:20

Anything in excess of 1,000 tonnes in Q2 would be acceptable and we must have been close to that run rate going into April.

[excellance] 08/6/2021 14:06

We need to produce 300 tonnes pcm to fulfill the hedge agreement, and we were about 60t short of 900t in Q1, plus we had to deliver nearly 300t still owing from last year, so we were a little behind schedule and need to improve to catch up, but we have all year to do so.

We know they've overhauled the equipment and have been recruiting continuously, and drilling all the while to prepare and give us options in future months.

I expect Q1 may see perhaps a 10% improvement, but there's really no way of proving that...

[blueblood] 08/6/2021 13:53

Everyday we should be building back production levels. As long as we can fully cover hedge in Q2 it will be solid progress.

[dodkins] 08/6/2021 09:31

Q2 trading update at start of August?

[scars] 08/6/2021 09:26

So, next production drilling update due when?

[cyberbub] 07/6/2021 11:45

No need to be patronising blue Square. This is generally a friendly board.

[blue square] 07/6/2021 09:59

Everyone knows finance is coming, so there is
no surprise there you are correct but no one
knows what shape it will take ,it could turn
out to be the best we could hope for or it
could turn out to be neutral but you cant rule
out an unpleasant surprise.
The same as the Q1 results were an unpleasant
surprise to most people, as I bought 350000
shares last week clearly I am hoping for the
best but personally I take nothing for granted
which is lucky for me because I sold 20 million
shares around the 0.006p mark, but thanks for
trying to educate me about a share I have put
many hours of research in.

[scars] 07/6/2021 08:45

Even if the financing is a surprise! Which it is not, and as already said is already factored into the share price by the last drop. The fundamentals of the mine at full production in the next 6-9 months and copper prices at current levels make this a bit of a no brainer IMO. Yes there are some risks but there are with most things in life!

[blue square] 06/6/2021 17:09

Interesting read not sure if the link will work
hxxps://aheadoftheherd.com/copper-con/

[excellance] 05/6/2021 15:40

The cash shortfall isn't as bad as it seems. They have to decide on priorities...operating capital or development.

More cash would allow for both, and a quicker ramp up, so I think they've opted to spend on development, perhaps also to facilitate Whalesback and Little Deer deals, and slow the cash burn on site as they select and recruit key people to run several shifts. My guess is that existing staff are working loads of overtime to maximise production within the maning limits.

A deal for the non core assets is welcome, as the injection of capital and economies of scale will dramatically improve the financials.

Extremely exciting times ahead.

[blue square] 05/6/2021 15:09

Having previously held 50 million(old money)
and sold at an average of 0.049 for a profit
£80000 by reading between the lines in the
annual report, I was tempted in last week
again buying 350000 shares, looking to add
on any weakness.
The company must of been aware of a funding
requirement in the first quarter, so for me
the longer it takes the better the outcome
will be for shareholders, they are clearly not
burning through the money at the same rate
as the first quarter otherwise there would
be no money left, they burnt through the whole of the $10.3 million raise in the first quarter.
Cash of $6.24 million end Q4 2020,cash of
$6.27 million end of Q1 2021 so the $10.3
million was burnt, they are still recruiting
full on, safety compliance coordinator and
a environmental compliance coordinator ,being
the latest, not the types of jobs you would recruit if you were not confident you would think.
Newfoundland are finally opening up to the
rest of Canada in July, so they must think
its time to move on from covid
All that being said you cant rule out a
unpleasant surprise re financing but that
is reflected in the share price, but the
company were quite explicit of actively
seeking arrangements to advance little deer
/whalesback mines while keeping an interest
so unless they intend to give them away, you
would hope funding will come from this
direction, in any case news must be due
soon you would think.

[homebrewruss] 05/6/2021 10:08

Excellence, o/t but have you looked at PXC in the copper mining space?

[blueblood] 04/6/2021 15:32

Where is the inflexion point where future revenues from increasing production at higher asset prices overwhelm small funding issue

[excellance] 04/6/2021 14:06

The bigger picture is, copper prices have doubled, the company has been refinanced to get Ming mine developed this year, and we have other assets which are receiving unsolicited interest.

Right now we have little cash spare, a hedging commitment to service, and an overhang of CLN shares and options to clear.

The company is good, the assets are excellent, so investors want in, but there's an overhang to clear so any strength is sold into, but that will change, the overhang will clear, the financial position will improve, possibly in the blink of an eye, and this is a strong buy/hold.

[excellance] 04/6/2021 12:37

The website has several jobs advertised, including underground shift supervisor.

It takes time to select, assemble, train and deploy a workforce.

They can't even post a simple Q&A sheet or reply to emails at the moment.

[scars] 04/6/2021 09:03

Copper price seems to have stabalised just above 10k level in line with warehouse inventories. Very profitable going forward at full production level, just got to get the numbers up. Still think this is a bargain at these levels, the last spike showed the interest and potential. Just delays and short term costs as with all mines.

[excellance] 03/6/2021 12:39

Looks like all sells today, but obviously that can't be true.

I wonder if we still have an overhang of CLN or placing shares?

I do the the impression that shares are being harvested and that a bigger picture will emerge eventually.