Rambler Metals & Mining Takeover Rumours (RMM)

Rambler Metals & Mining Chart

Rambler Metals & Mining Takeover Price

Rambler Metals & Mining Takeover Forum Posts

So what does all of this mean for the RMM SP? Clearly Rambler are doing everything they can to ramp up production to exploit high copper prices, and the investment case is compelling and exciting, but with a sea of warrants and options, which became eligible for sale on 8 June, and with limited cash availability, and, hedging agreement to manage that is significantly below spot price, and with loan repayments to manage too...2021 will be a volatile year. However, we will prevail, we will succeed, and by around march next year we will be in a totally different situation, so whatever the SP jumps to this year, next year will strengthen considerably. We also have the "unsolicited interest" in our non core assets, that could solve our cash problems instantly, and we are also ripe for a takeover too.
I doubt there'll be a placing. With copper at $4.50 we own 3 large and viable mines. Expect a deal on Whalesback and little deer if not an outright takeover.
It's being packaged for a sale. A major would love to snap these copper assets up, and develop them without any small minded cash restraints. The problem here has always been lack of cash, and small minded low budget thinking. If they'd raised $20m in the recent refinancing, imagine the difference it would have made. Fast track Ming, plenty of cash in reserve for other assets. I doubt they'll place shares, they surely wouldn't be that dumb, unless they place shares with themselves in full knowledge that a takeover is imminent. Most miners have a banking facility for operating cash.
Takeover in the air :-) it will be 3 - 5 times current cap IMO
Takeover YES its a real prospect and at many multiples IMVHO have added a few more here today.
Interesting post on lse : have to agree this has takeover target written all over it and BHP moving HQ to Toronto should raise a few eyes IMO Today - 08.43am - Fivecandles "There are a number of the larger mining companies looking for copper assets in Canada, and the latest development is that mining giant BHP are moving their exploration HQ to Canada :-) this could get very interesting if a bidding war starts here."
Hi all Will be coming aboard here tomorrow,made a tidy packet on FAR last few days and will be putting profits into here.I see a clear and quick 2-3 bagger and more like 5-6 bagger on takeover if happens. GLAH
Now that has added fuel to the takeover talk :-) Rambler now a target ?? of course it bloody is check out the recent broker note.Can see this at multiples of this SP soon.
If Rambler wish to defend themselves from imminent and cheap takeover, they'll have to get the SP up pretty quick.
Am getting very interested in this potential Barrick Gold takeover now - it does make you wonder if Mr Bradbury was brought in to oversee this.All of the signs are pointing to something very big about to kick off here.
Guys this is going to be exciting,if you can find me a more attractive copper takeover play i will donate my eyeballs to medical science :-) Im telling you Barrick Gold will be all over this as it has everything and more of what they are looking for and within a price range they would want to pay.Even if they offer 5x current cap they could still get a 10 to 20 times ROI from the assets and maybe a whole lot more once further exploration confirms. We will see a huge demand for these shares shortly IMO
excellance,good point about the Ceo options,i dont think he will be in a hurry to give them away on the cheap.He knows RMM is worth many many multiples to a buyer when it comes to a takeover situation.I say the chances of Barrick bidding are very high indeed given they pulled out of the FREEPORT deal a few days ago :-) Get them while cheap as they will not be down here for long IMO
Takeover at say 1.5p later this year would suit me. :-)))
Interesting post over on lse ref to Barrick Gold bid interest,i can actually see this happen as this is a juicy prize right on their doorstep :-) am adding ! Takeover - Barrick Today 11:40 Barrick Gold are desperate to get in on the Copper boom and are fellow miners in Canada, so it is highly likely they will be putting their sliderule over Rambler. Especially now that their interest in Freeport has been dropped due to high prices.So in terms of bolt on aquisitions for Barrick they would not find a cheaper option,even a bid approach of five times Ramblers current market cap would still be 65% cheaper than the previous Freeport proposal.So not a question of IF but WHEN in my opinion.Rambler are there for the taking and i think Barrick know it ( see links ) tinyurl.com/46pke9xt tinyurl.com/tmxbbzp6
The concert party holding is now significantly diminished reducing the risk of them launching a quick and cheap takeover grab.
Yes, but will they get the chance? There is a risk of a billion shares overhang, but I think we have more corporate action ahead, including the already approved consolidation. Once we see profit, maybe we'll see a dividend payment, or a takeover approach?
Would not surprise me for it to settle around the 50 mark and then perhaps a larger player doing a Chesterfield Resources number on it. These larger players are canny as many don't bother about doing too much exploration, and wait in the wings for the smaller players to do that for them. Then they jump on board first with a joint venture and finally an agreed takeover, but where these players are not really too concerned with knocking the eventual price down, as value is still much better than overall exploration expenditure across many potential assets.
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