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.
Very interesting, quite positive. Fingers crossed.
https://audioboom.com/posts/8257337-john-meyer-china-growing-plus-anglo-asian-empire-metals-oriole-rambler
From 10mins onwards. Still remaining confident
https://www.**********.co.uk/articles/new-article-4da9549
Am trying as said don’t want money I want mine it is worth millions it is
Along as it isnt to the detriment of other share holders, I hope you give them hell moon.
All jokes aside 2 emails hv also been sent to 2 officials from Newfoundland.
Remember me for the electrician job.
How could we possibly take the mine moon, And would we all have to move to Canada? I'm in Logistics, so could I be the transport manager? I would like a good wage and decent benefits please. I presume you are going for the CEO job?
Can someone post a link for the group for me to join?
If we win could mean our money back or keep mine got few weeks not finical advise
I think he said he doesn't have time for 2 forums. If that is the case then please join Discord and stop using LSE as there are to many trolls on here, no need to mention names, and the RIG group has so much more information. We are actively engaging in other parties to try and ensure the best outcome for us, and I think with his large holding, he would be much better suited there. I'm sure he would have valuable information to add to help us with our case.
I also agree if we win we could get money back. Or …. Hopefully
Hi Strummer, Please give serious consideration to joining our Discord group now we are at this critical point - I am only thinking of your best interests and you could leave LSE behind!
@Moose.
So clearly, you have strong knowledge of Canadian Mining process.
You joined LSE at the end of December, well into the financial foul up. Since then 31 posts. All on RMM ... Nothing to say on any other shares?
All not only telling us what we have sadly all found out.... The financial mismanagement. But also hammering it in that regardless., that indeed also the resourse isn't up to industrialising it. For all the reasons you point out repeatedly...
Kinda begs the question(s)....
A) So where were you a couple of years ago, to save us all the monies of investing then in something that you clearly see as having had no economic future ?
B) Why are you now using all that expertise banging away repeatedly here on this lemon though ... When you could be making money on viable plays elsewhere given your knowledge strikes one?
I am not disputing your very jaundice view now. As a large investor here I will be amazed if this isn't gone now from us the way it's been run. I try and be objective, as much as I would like it not to be so.
But... I do find the motives of some people here now, hard to fathom sometimes..... Or maybe it's not so difficult to under stand some of them, even at this stage....
Buying the Teck mill is just one part of the cost... They would then have to strip it apart, relocate it, try and piece it back together, re-engineer everything for different metallurgy, find a new location for tailings, find enough power to run the thing, and on top of all that like you mentioned they would need to permit the thing. All told that alone is probably $15m+ worth of work... which is why they never went through with it in the first place (money issues aside).
Once they've spent the $15-20m building the mill, they need to upgrade the mine to try and get production up to feed it. Rehabbing and re-outfitting the historic shaft they have in place is probably $25-35m+. But the problem there is that the shaft bottoms out well above where they seem to be currently mining. Sinking a new one is likely not an option since the going rate in Canada to sink, outfit, and commission a shaft is something on the order of $75,000 PER METER. So a 1000m production shaft is going to set them back $75m.
Throw in buy something like $25m for new equipment, upgrading the ventilation system, upgrading the power distribution, etc etc etc and you're looking $75m as a bare bones base case before even throwing in covering the debts.
Also need to consider that Rambler's reserves are only something like 30% of their resource (7.4Mt of ore). At 3000tpd that's just shy of 7 years of mine life which isn't nearly enough to justify a massive capital outlay like that.
To get Rambler to anything near 3000tpd it’s going to cost a good bit more than $100m… They would effectively have to completely rebuild the mine and bring in a new mill + tailings facility for that.
With increase tpd which it can double move mine only thing that rmm need is 100 million.
Another challenge RMM will face here is whose radar is a mine this size even coming up on? For most copper miners, the Ming Mine isn’t even a drop in the bucket against their production forecasts. Even at full production (assume 10kt copper a year) this mine is effectively only equivalent to a gold operation doing 50koz per annum. In the grand scheme of things that is absolutely tiny.
I know the industry pretty well and I’m having a hard time finding a good fit for a buyer here. Maybe the best option is a restructure and spin out into a new entity with capital but even then you need some pretty serious backers.
Their should be a qualification test by brokers to ensure idiots are blocked from buying shares.
Make everything clear
1 on board 2more to go
Well it’s about to get more interesting.
Derampers feels a bit harsh. Im personally just offering an opinion and am comfortable that that opinion is genuine and has been pretty accurate so far.
If you, or anyone, determines my views are invalid or are too negative that's totally fine. There is no consensus requirement here.
The reality is no one can influence this in any way. There is no ramping, deramping etc.... Just views.
Like xenor I would much rather be wrong and for shareholders to get their money back. Why wouldn't. I've nothing to lose or gain. It's a bulletin board for discussion and I'm personally just offering my views.
Some may find them useful. Some may not. Read them or brush over them. No worries.
Atb
I'm not a deramper and I sold for 10p at a huge loss but I have no regrets. The past 6 months have been very difficult and stressful for shareholders and I'm glad I saved myself from that.
Since I sold I figured that they would renegotiate the debt and recover and I may be able to buy back in at a similar price to which I sold, but that obviously didn't happen. My biggest fear that caused me to sell was mega dilution and I wasn't prepared to be wiped out if that happened. I had far too much in here when it tanked.
A buyout looks like the best option for shareholders, if it is sold for a fair price. The big question is will it. In the past I have been expecting £1 per share here but that was based on the information available at the time, and unfortunately the news yesterday shows that information was incorrect. So I'm not even going to try and say what this is worth now.
What I do hope to see is shareholders getting as much of their money back as possible, followed by litigation of the BOD if it can be proven that fraud has occurred. No problem at all if shareholders get back more than my 10p, I did what was right for me at the time. I have had a bit of luck in my portfolio since so not as underwater as I was in September.
How can you deramp a suspended share? That's all you've done since you bailed out you fool