Rambler Metals & Mining Share Discussion Threads

[pedro57] 16/6/2021 22:31

Hi Bluesquare, thank you for making the effort of sharing this feedback. The LSE board on RMM has deteriorated of late. I used to post and debate RMM a lot there but much less so now. Generally companies will not be that forthcoming with such information if it will be bad so cautiously optimistic.

[excellance] 16/6/2021 21:15

There are morons everywhere, but at least I can ban most of them on here.

[blue square] 16/6/2021 20:58

Just to clarify after I was ridiculed on LSE about
a previous post ,after being more than concerned
about the share price and my mounting losses
I decided to ring up rambler to see if they
are still committed to the may 7th RNS
where they said a revised guidance would
be released by the end of Q2 2021,I called the
the numbers which are available to everyone
and spoke to Tim Sanford who in answer to my
question said yes a RNS is being prepared
now and will be released by the end of Q2 2021
as they promised in the may 7th RNS, for all
I know it could be a disaster, but I am
£40 000 down and will take a chance that
it could be good and I can cut my losses
I spoke to about three people at rambler
as Tim Stanford is not based in newfoundland
but based in Canada but I was surprised by
how friendly they are, I was even called back
by rambler by a girl in the office to explain
the set up if I need to contact someone in
future.
Blue square on LSE is NOT ME and I am sad that,
that board attracts the morons.

[pensionplanner] 16/6/2021 15:48

excellence. Yes indeed.

[shinyufc] 16/6/2021 15:40

Level of buys are increasing now. Anything under 30p is a bargain. Will only be at this price for a short period. Won't be surprised to see share price back at 31p tomorrow

[oakville] 16/6/2021 15:33

This is why I hate this share split.

[excellance] 16/6/2021 15:25

That's because the broker has a buyer in waiting, so this low share price isn't for the little people to buy, it's to harvest the CLN sellers.

[pensionplanner] 16/6/2021 15:21

I didn't wait for an RNS added a few under 30p.

There's not as many shares available as you would suspect though as had to fill an order in 10k deals.

If you wanted 50k it was over 30p

Unfortunate about the stope, but more unfortunate they didn't mention it.

They will certainly have to improve their interpretation of disclosure rules.

Nothing wrong with their assets, but slip ups like the slope not being mentioned damages sentiment and brings the BoD competence into question, which can deter investors.

For me it warranted further investment but time will tell if it was wise or not.

[excellance] 16/6/2021 15:17

And it looks like it could be very soon.

Perhaps a placing is better than a fire sale of valuable assets if it clears the air and allows us certainty of survival.

Let's just get it sorted.

[pensionplanner] 16/6/2021 15:06

By the looks of the share price its a placing with some in the know front running. Still looking to add

[blue square] 16/6/2021 14:17

This post has been deleted my myself please
read clarification issued on 16/6/2021 at 20.58
for the avoidance of misunderstanding

[blue square] 16/6/2021 14:05

This post has been deleted my myself please read
clarification issued on 16/6/2021 at 20.58 for the
avoidance of misunderstanding

[excellance] 16/6/2021 13:46

You never know with these things, but my guess is either a sale of assets or some kind of strategic partner.

We can't continue limping along like this, always under funded by design.

[bsg] 16/6/2021 13:41

If there is a placing it will be at a low price. The placees will want a dead cert.

[blue square] 16/6/2021 13:36

One thing for sure RMM don't care or they
have nothing positive to put out, a continued
fall in the share price may compromise any placing
if one is indeed needed, it all seems a bit odd to
me.

[bsg] 16/6/2021 13:25

It's nice to see it go under the placing price (0.3p old money). Gives the PI's a chance to get some at that price. I don't think we'll see under 20p though. I nearly always wait for this to happen. If it doesn't c'est la vie.

[excellance] 16/6/2021 12:36

This is termed "orderly".

The CLN share holders will be mostly selling, happy to get their capital back with a bit of added interest. They are not, and never were, interested in investments.

The brokers know this and have likely lined up a buyer or three to backstop the market, allowing an orderly sale, once equilibrium point has been discovered.

30/31 appears to be that point now that the retail buyers are exhausted, at least for the moment.

On the chart a double bottom would be nice, to confirm that this îs indeed rock bottom.

[scars] 16/6/2021 12:14

sells certainly seem to be being soaked up by someone.

[excellance] 16/6/2021 11:31

So if the bod want to bring little deer and Whalesback back on line, how would they do it?

What equipment and facilities remain at those mines, and what synergies would there be?

How much would it cost and where will they get the money?

Exciting times ahead.

[excellance] 16/6/2021 11:03

The revised mine plan could include bringing the other mines back into production.

[dodkins] 16/6/2021 10:26

The financing requirement will be driven by the revised mine plan. They should be announced together IMO

[pensionplanner] 16/6/2021 10:12

blue blood. They have a massive tranche of potential copper assets in Labrador, and where Rambler's assets might fit nicely between them, allowing disposals of any non strategic assets.

[blueblood] 16/6/2021 10:02

Wouldn't mind merger with Chesterfield!

[blue square] 16/6/2021 09:00

Yes I tend to agree according to the auditors
report RMM expect to fund themselves through their
income from sales but where that is not possible
equity raises /debt the fact they have not
pulled the trigger on the equity raise yet
suggests there are alternatives, one caveat
being they might not know how much they need, but
its such a small operation they must have a ball
park figure.

[blueblood] 16/6/2021 08:47

Why has it taken so long to sort of financing identified in April update? Points to asset sale or corporate action rather than debt/equity deal imo