Rambler Metals & Mining Share Discussion Threads

[bsg] 14/6/2021 12:53

30p is a bit hopeful as well. I would of thought 25p. After all the placees want a dead cert.

[excellance] 14/6/2021 12:53

Some will.

[bsg] 14/6/2021 12:52

I would of thought the placees would just flip for 10%-50%.

[excellance] 14/6/2021 12:23

At 32p my expectation is that this is rock bottom, but we could be down here for a while, with the 30p placing level being support.

I'm fairly sure that the folk who arranged the refinancing, and then the 30p placing, will want to make multiples on their investment, so I'm sure this will turn out well...eventually.

[excellance] 14/6/2021 12:17

Still no Q and A sheet released yet. Maybe they got no questions?

[scars] 14/6/2021 10:11

Certainly testing the nervous nellies with the tree shaking but support seems to be holding. Next move back up to catch the FOMO's!

[scars] 14/6/2021 10:10

Once we get into H2, then I think there will be another turn in sentiment. Especially from this low level and production starts to ramp up. Personally I would prefer the buyout option!

[cinoib] 14/6/2021 09:29

Ex, A company is only as good as the people that run it. There in lye's your answer. Reminds me of a Status Quo song. Down Down.

[blue square] 14/6/2021 09:22

CE Mining/brad mills have stuck by and supported
Rambler through the lean years with low copper
prices culminating in a shareholding of 63% before
the financial restructuring, now having around
29% after the raise in February.
Now that high copper prices have returned, you
can bet CE mining/brad mills want some kind of
return on their investment over the years so there
is a powerful self interest from the chairman to
get this to work so he is aligned with other
shareholders to an extent.
In the past when Rambler have needed to plug a
hole in their finances CE mining have agreed a
convertible loan note with rambler.
I can see another convertible loan note to be
part of finance package, it would make sense to
CE mining and perhaps explains why they tanked
the share price, so they can convert at a low share
price or reasonable share price as they would see
it, there is a contradiction in the Questions and
answers ,they cant move forward with the short term
finance until the results of the new mine plan are
known and financial options have been explored but
at the same time they are in discussions.
I would personally like to know how they got
through 17.5 million dollars in the 1st quarter the
7 million from revenue and the 10.5 million from
the raise, it may be they need a lot more money
than people are factoring in, which clearly would not
be good as they were pretty much raped by west face
capitol for $5 million giving them 10% of the
company in cheap warrants,
In hindsight I was a bit rash with my latest
investment and caution should be the watch word
here its all a bit opaque.
My greatest fear is they need quite a lot of money
and they wont be able raise it, they were exploring
"finance options" before the restructuring.
All of the above is my opinion and partly reflects
my regret of jumping in with two feet, the good news
is we/I will know our fate soon I could live with
being able to get out at 20p and taking a £100000 loss
But still hopeful the cash shortfall is manageable
and I can leave with a decent profit

[scars] 14/6/2021 08:41

Copper back on the rise over 10k

[homebrewruss] 11/6/2021 14:53

Thanks, here's a link:

[blue square] 11/6/2021 14:45

Questions and answers from the AGM are
now up on ramblers website.

[excellance] 11/6/2021 13:42

Copper price is a bit stronger today, after having a bit of a rest, testing support, but we know that copper prices will rise again from here.

This time next year most copper assets will be in the hands of bigger cash rich mining companies.

I wonder how much tax the Rio tintos or BHPs of this world will be trying to avoid paying...?

[scars] 11/6/2021 12:43

Don't be fooled, they want your shares, lovely little shake!

[excellance] 11/6/2021 11:32

There comes a point when the share price is just so tempting, and the weak hands have gone, that the only way is up.

[recordz] 11/6/2021 11:24

The drop could be a sign.
Looks like a bounce.
Need the ones who sold at .6 to come back.

[scars] 11/6/2021 10:33

Support was about 31 last time, expect to test but hold.

[donaferentes] 11/6/2021 10:24

Becoming pretty painful now. Although on v low volume. Assume MMs giving it a good shake, but still not generating much stock. If they want it, they'll have to raise the bid. In theory!

[blueblood] 11/6/2021 10:15

Whalesback & Little Deer resource statements are being updated after company received unsolicited interest as per Q1 update RNS. Expect some deals to be done soon that will remove funding uncertainty and avoid further equity dilution. Great opportunity at these prices if you can see past next few months. Although our copper is hedged at $7,700 that is 30% higher than last years hedge and we should be getting c$10,000 for any excess. Hedge is for 3,600 & we had just under 300 o/s from last year. They have told us they won't reach 6,600 target but anything above 5,000 gives us big bump up in revenues in Q4 2021. The revised target output should be released by end of month!

[whoppy] 11/6/2021 09:49

In general, you will never get the true story from executives and management of any company. As a rule, if a company has roaring assets, they would be financed and developed very quickly with no delays, so the BoD can get rich. Sadly, the norm is jam tomorrow, to keep the small punter interested on what might be potential in the future, but nothing definite, thereby dragging out the BoD salaries until they need more cash via knocked down placings etc. Share consolidations are another indicator of future funding via equity dilutions to allow BoD salaries to be maintained with the promise of assets being developed, but never materialises, or if it does, original shareholders have been diluted to such an extent they will never recoup their losses. Management in over their heads, not able to execute, with assets not as they are described and constant cash raises, equals high risk no/low reward. I have no idea if Rambler are such a company, but mining has so many unforeseen pitfalls, that unless there is significant cash available to cover not just mining activity and ops, but also contingent reserves, then shoestring budgets are precarious to say the least. Shareholders will always end up taking the hit. On the positive, Rambler may find a willing partner, but they will want the lions share.

[blueblood] 11/6/2021 09:28

This is all due to to BoD and their ridiculous open ended funding question they threw into ops update. They need to clarify what and how any gap is! Once this is put to bed and we get confirmation of production progress we will be in fantastic position to multi bag on back of escalating revenues and copper pricing.

[bigjames83] 11/6/2021 09:16

I hope so excellance! I’ve been following this share now since the original refinancing, albeit not in the detail I probably should have. I’ve seen an 80% gain fall to a small loss and after seeing some of the analysis on here am starting to feel like the management are either a bit poor or downright crooks. Of course it could just be the big players shaking down small holders, I trust the ‘markets’; and the world of finance less and less as time goes on.

[excellance] 10/6/2021 14:18

In a year's time, when we look back, we'll wish we'd bought a lot more.

[scars] 10/6/2021 14:13

It will hug the lower trend line until the first good RNS, with possible ramp ups on expectation.

[excellance] 10/6/2021 13:17

There is a trend, a gentle rise over six months