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Share Name Share Symbol Market Type Share ISIN Share Description
Rambler Metals & Mining Plc LSE:RMM London Ordinary Share GB00B06Y3F14 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.01 4.08% 0.255 289,953,535 16:07:55
Bid Price Offer Price High Price Low Price Open Price
0.25 0.26 0.275 0.235 0.275
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 21.53 -7.06 -0.58 3
Last Trade Time Trade Type Trade Size Trade Price Currency
16:48:01 O 4,000,000 0.252 GBX

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Date Time Title Posts
04/12/202014:56Rambler metals - 20181,253
04/12/202012:04Rambler Metals2,842
01/7/201815:43Rambler Metals and Mining (RMM) One to Watch Monday -
21/2/201715:46Rambler Metals & Mining (RMM)20
10/12/200509:03Rambler Minerals, Flying under the radar on AIM?1

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DateSubject
05/12/2020
08:20
Rambler Metals & Mining Daily Update: Rambler Metals & Mining Plc is listed in the Mining sector of the London Stock Exchange with ticker RMM. The last closing price for Rambler Metals & Mining was 0.25p.
Rambler Metals & Mining Plc has a 4 week average price of 0.22p and a 12 week average price of 0.22p.
The 1 year high share price is 2.75p while the 1 year low share price is currently 0.22p.
There are currently 1,296,411,642 shares in issue and the average daily traded volume is 250,269,215 shares. The market capitalisation of Rambler Metals & Mining Plc is £3,305,849.69.
28/11/2020
01:26
tradedesk1: excellance - please read the rns to check your understanding of the lock in & orderly market arrangements, there will not be 8bn shares coming onto the market come 3rd Dec. Its 3bn and much of thats been forward sold hence its range bound in this 0.23-0.25, as soon as the supply is cut mm's will have no choice but to let it go and it will take off which is likely post settlement 3rd Dec, when soon after operational news flow is likely to commence to. Also Westface will be repayed from cash flow so its a non issue. From here its really all about Bradbury executing the new mine plan and delivering on the projected C1 cash costs $1.93/lb ($4254/t) & $1.63/lb ($3593/t). Your looking at margins of $3241/t and up to $3902/t with current Copper price at $7495/t (3.4/lbs). Its simply far too cheap at this mcap having traded multiples of the current mcap and share price on lower cu prices. Copper fundamentals couldn't be better. Ex Shanta Gold ceo is not here for buttons. 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. Lombard Odier will own 16.4% and has separately undertaken to the Company and share price Angel that, other than in certain limited circumstances, they will not dispose of any interest they hold in the Converted Shares for a period of 90 days following Admission, and that for a further period of 90 days following the expiry of the initial 90 day 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. Total 56.2% locked up.
24/11/2020
20:17
excellance: West Face will require bullet repayments on its secured $5m loan at 10%pa and will end up with warrants equal to 10% of the share capital of the company ie 800m warrants at 0.20p until 2025 I see West Face as the biggest obstacle to profitability in the near term. "US$ 5million senior secured notes with a 3 year term at 10% interest per annum payable bi-annually, the principal to be repaid as a single bullet payment with early repayment provision, and carries 5 year warrants to purchase up to 10% of the equity capital of the Company, as fully diluted by the proposed equity financing ("Equity Raising") and conversion of the convertible loan notes and bridging loans set out below, at the same share price as the equity placement price anticipated by the Note Financing transaction"
24/11/2020
20:13
tradedesk1: 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. Lombard Odier will own 16.4% and has separately undertaken to the Company and share price Angel that, other than in certain limited circumstances, they will not dispose of any interest they hold in the Converted Shares for a period of 90 days following Admission, and that for a further period of 90 days following the expiry of the initial 90 day 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.
23/11/2020
12:31
excellance: Eh? The Companies Act 2006 prohibits the Company from issuing shares at a price below their nominal value. As the price at which the Placing Shares are proposed to be issued is below the current nominal value of 1 pence per ordinary share, it is proposed that the share capital of the Company be sub-divided by each existing ordinary share of 1 pence each ("Existing Ordinary Shares") being divided into one new ordinary share of 0.01 pence each ("New Ordinary Share") and one deferred share of 0.99 pence each ("Deferred Share") (altogether "Share Capital Reorganisation"). The Deferred Shares will have limited rights and will effectively carry no value. The Share Capital Reorganisation will not change the number of shares held by an existing shareholder of the Company, just the nominal value of each share
05/11/2020
11:39
bill182: Maybe....but with gold and copper in huge demand, I am sure there will be willing buyers. Plus, any sale price will be North of where the share price is currently.
03/11/2020
22:28
pwhite73: That's a possibility but you tend to get that only when mug PIs are the majority shareholders so the directors couldn't give a toss what the share price is. However in the case of RMM below is the share register as of September 2020 http://www.ramblermines.com/aim26-securities.php CE Mining III Rambler Limited 431.6m 33% CE Mining II Rambler Limited 396.4m 31% Lombard Odier 185.2m 14% So even if Lombard have dumped their lot, 64% of the shares are still held by one investor. The investor would have to agree to any recapitalisation at an EGM. The investor only has to acquire another 11% and they can force takeover Rambler. Recapitalisation is a strong possibility but at the moment I can't see the logic behind it.
03/11/2020
15:08
pwhite73: A consolidation does not solve the problem of the shares being lower than the nominal value. If they consolidate at 25-1 this would give a nominal value of 25p and a current share price of 10p. New shares cannot be issued at less than 25p. It is a recapitalisation that shareholders need to be worried about but with creditors owning 70% I can't see that happening.
02/11/2020
10:43
excellance: When smaller companies see their share price fall below the nominal value of their shares they can find it difficult to raise funds, as investors are not willing to pay above the nominal value of a share when the market has valued those shares at a lower level. This can see companies ask shareholders permission to lower the nominal value of shares so any fundraising is more attractive to the market.
02/6/2020
18:42
excellance: From the end of January to the end of April the RMM share price fell from 2.5p to about 0.85p The reason for this was coronavirus and the falling copper price threatening to delay profitability at the Ming Mine. Copper fell to $2.00 before recovery. Obviously this must have impacted the cash position, cuts were made. Recently the CEO was replaced and now the share price is rising nicely along with the copper price. In the next 4 weeks we will see a 25/1 consolidation and a fund raising to recapitalise and keep is in business. No doubt the placing will be discounted but it is good news. We will soon be profitable.
10/4/2020
12:58
elpirata: this share price angel note is an interesting read if you havent seen it, basing 10p npv share price on $6,250 tonne - Even at current metal prices, we estimate a life-of-mine NPV of US$71.6m or 4.3p/share or approximately 2.5 times the current share price. We estimate that the share price at present is discounting commodity prices around 20-25% below current levels https://www.uploadlibrary.com/SPAngel_Tania.Maciver/Rambler_Metals_Initiation_March_2020.pdf rmm looks fundamentally undervalued at 1.5p imo
Rambler Metals & Mining share price data is direct from the London Stock Exchange
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