Rambler Metals & Mining Share Discussion Threads

[excellance] 01/3/2023 18:07

The Ming mine is a monster, but transport costs are high, so we need scale. To get scale will require large investment. We also own a similar mothballed mine with similar footprint.

If scale increases and more mines come on line, out port also comes into play.

Looks like all is not lost, but we are still over a barrel and we need major investment.

[rental] 01/3/2023 17:59

stellantis are chasing the copper now,

hxxps://www.stellantis.com/en/news/press-releases/2023/february/stellantis-announces-strategic-copper-investment-in-argentina-reinforcing-commitment-to-reaching-carbon-net-zero-by-2038

[skif] 01/3/2023 17:46

If the mine is as good as people are saying then there will be offers. It will be interesting to see what companies are prepared to pay. If the resource is any good then they should be able to get a decent price.

[amaretto1] 01/3/2023 16:34

Just Email Glencore Canada ! Tell them it's open to offers

[rental] 01/3/2023 15:59

no idea if too late for us now, but would be good to see copper race up to 4.5 it’s been it an upwards trend for a few days now.

[vatnabrekk] 28/2/2023 23:00

If they can sell it for £52.6M (net to shareholders) which would equate to a share price of 32.45p, then I'll break even!

Why on earth did I ever buy the shares at that price?

[amaretto1] 28/2/2023 21:21

Me personally...... Market it properly.... and sell it !!! Auction... closed bids etc ...

[amaretto1] 28/2/2023 21:19

It's not good reading......R Newgen on side or trying to take the mine ? Due to default the interest on loan is now 16 percent interest !! Truly insane ... unplayable But get all the debt in perspective compared with what the mine can earn with Copper at over 4 .....And Newgen being reasonable ....It's a profitable potential producer

[waterloo01] 28/2/2023 18:42

Just started reading 2nd document. My there is a lot in there but clear if someone would take out the debt (as badly handled as that has proved) the remaining value is still decent for holders, depending on offers of course, and the hand isn't strong.

[amaretto1] 28/2/2023 17:21

25,000 ton PA is achievable out of this mine .... Newgen are on side for a outright sale ! Sleep tight.

[amaretto1] 28/2/2023 17:10

Mining Copper !!

[amaretto1] 28/2/2023 08:43

Well Glencore value it at 1.50 !!!So make your own mind up

[amaretto1] 28/2/2023 08:42

The only thing that's held RMM back ..... is the debt payments !!! You put that in to development....Your looking at a Tier 1 top grade Copper mine ....Not disputing a low price take out ... but anything over 5 pence is a better outcome than bankruptcy

[yasxii] 28/2/2023 08:42

Is there anything here for the shareholders ?

Bradbury has constantly made references concerning the assets, suggesting the mine/resource value significantly outweighs the debt position.

So will recent events deliver this value for the creditors and hoards of retail shareholders, some of whom were enticed into the stock following media releases from Bradbury himself.

Only time will tell.

[bsg] 28/2/2023 08:38

That's two lots of management that couldn't make the mine profitable. So what chance a new buyer making a profit. That will cause a low ball offer to be accepted IMO.

[amaretto1] 28/2/2023 08:38

I've actually no idea my self ....Any info on mines sold comparable in this area with same grades etc ?

[jasperthemonkeygod] 28/2/2023 08:36

but then a mine producing $70m pa

[amaretto1] 28/2/2023 08:33

You have all the debt to pay off ...So your looking at approximately 50 million as of now.40 debt .... 10 M equity

[vatnabrekk] 28/2/2023 08:23

The MCAP is sitting at only £9M, as at suspension. Surely they will get multiples of that for it?

[jasperthemonkeygod] 28/2/2023 08:10

bit boring bsg..

:)