We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Some get overwhelmed by the fluctuation in SP. I believe the minor setback is limited to 2021. So 2022 onwards remains unchanged. Copper also sitting nicely at C$4.35, all bodes well. Targeting an SP comfortably in triple figures over the next year or so. GLA.
You got to pound average on something like this IMO. Going all in in one go is foolhardy.
What’s all this talk of selling. I thought this was a long hold to reap the rewards. Rightly or wrongly I am holding strong and topping up where I can.
AND Rambler are still recruiting new operatives.
Looks to be All positive on the rebuilding and turnaround plan despite the anticipated shortfall of revenue/tonnage expected in the next update.
Sentiment obviously plays its role in markets, without a doubt. That said cash is king. When the turnaround starts earning (and it will), with string copper prices that'll go up (and they will), sentiment won't be as much a factor as people think. Not saying it's not important but cash is king and sentiment will always change.
Exploration companies totally more sentiment driven, but this is different.
Many bought in on the hype and fireworks and so had different and probably amplified expectations.
I bought in with a target price and initial timeline of two years, give or take.
People will come and go during this time as many just follow shiny things. That's great, each to their own.
However sometimes sitting still and trusting your research is more important. Served me well in past.
I'll still monitor as always but my target and investment case remain unchanged ATM.
If I couldn't find anything to be positive about; in a stock I'm invested in; I'd be gone. Plenty of fish in the sea, just need to find one you think you'd like to eat.
ATB gla
@Invest.... I would echo your view.
For each of us, its a simple case of evaluating Risk v Reward, along side timeframes, if your more risk adverse and looking for a swift return, then RMM today is probably not a share to own.
Tbh we all should know the risks of holding AIM shares, they are predominantly in the Wild West of investments, and being in the mining sector carries its own risk.
But the potential rewards are also bigger compared to a Footsie Blue Chip, so its again about making a decision based on your Investment criteria, the research you do and understanding the true worth (mid to long term) of a company.
I understand the risks, have done the research of the company, sector, mid to long term outlook, overall fundamentals and concluded that the mid to long term rewards are worth the shorter term risks.
Have a great day all..
I think people's expectations had got ahead of themselves. RMM communications have been pretty good since last year. I would have liked more transparency around stope collapse but that's miners for you, as its part of the risk and they had another stope under development.
I posted this elsewhere but thought it helpful to post here as well, just my thoughts on finance:
I think people are overlooking the fact that the company is not desperate for finance. They have adequate working capital, its a case of continuing development work at the same time. As noted, 'To ensure the Company has adequate funds available for BOTH development and working capital through this production ramp-up period, the Company is investigating financing options. '
With recent appointments its clear company are looking for finance but they will arrange it in due time. We could have a RNS tomorrow or in December!
Company is in a solid position with stopes being developed. It may be that one stope or two are put off until next year. Its unlikely, more like exploratory work will be delayed with contractors.
RMM is in a very strong position whether is raising money via a loan or a joint venture. They currently hold the cards following restructure of debt in December and raising of additional funding in February.
Of course there's always a risk with a mining stock but it's being mitigated as the months go by.
I still think Rambler will be in a great position by year end even though there maybe a slight delay in development work. Once again probably no greater delay than a quarter or so.
As I have pointed out before RMM unlikely to bag tomorrow but I can see gradual increases over the course of year as news is released each quarter.
There is a big opportunity with the next RNS to improve sentiment. I hope management spend a lot of time thinking about the RNS as in my view the May RNS was dreadful. Rather than blaming investors for getting ahead of themselves there is also blame for management for not communicating optimally, which is what a share price below the recent placing price tells you. Since February placing detail has been light on progress getting mine back to where it should be. At a time when there should be a RNS every 2-3 weeks communicating progress there has been radio silence. It is a confidence game and more should have been done my management to address this.
As pointed out previously, this is priced as bust however you look at it. So not sure how much more SP damage is possible. There is complete focus at the moment on the negatives, I expect that to change once we have some further info from the BOD.
Understandably. Long term prospects remain relatively unchanged.
Nothing has changed. Just impatient people selling for losses to chase rainbows elsewhere. They will be back once we have news and pay a premium for re-entry.
It's getting very hard to be positive about this company.