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The bullsxxx they fed us in June and we lapped it up
Summary
? Robust and improving, high quality, geological resource
? Established mine in favourable jurisdiction
? Operating platform now created to deliver sustainable production - never been done before
? Exposed to full copper price with opportunity to strategically sell forward
? Building towards cash positive operations including sustaining capital
? 2022 guidance of 7,000 tonnes payable Cu
? Develop strategy for ore sorting
? Exploration potential, on top of existing 400,000t Cu resource
? Studies to potentially more than double current production
? Significant value upside
Amazing research mate
Brilliant
Here is an example of recent Canadian Gov Support from 3 weeks ago.
https://www.newswire.ca/news-releases/minister-vandal-announces-investment-in-processing-of-rare-earth-elements-in-saskatchewan-814021558.html
Copper is on the Canadian Critical Minerals Strategy (published this year) list and RMM should be having these conversations.
Or doesn't want to be seen and stalked GTTMUFO.....that may be an option? What's your chart say about Know0?
Well leaving 2days know 0 never been seen maybe he living by rio instead
Yes I am.
Target your hate on them then. However. The game will outlived the current player and you.
Theres a very high risk investment opportunity here.
LTH's be mad.
Don't hate the player hate the game.
Absolutely Redkite. At 4p shareholders have already lost 80% in just over a month, so not much to lose. I think mass dilution will be rejected and as you say force the company into a sale
Sale is the only solution.
They will have to call an EGM but they will have to seek approval to issue shares which I suspect shareholders will reject. I don't think they have any headroom, they issued shares in February which covered the 10% they were able to issue without shareholders approval, so I think any new shares will require approval
Mukti, One key factor you seem to have overlooked is that any dilution will need shareholder approval. Do you really think that shareholders are going to approve a 4p dilution?
My view on copper is that it will slowly recover. My view on deramping us that it occurs but that you are not involved. My view overall? I sold just over 2/3 taking a 33k loss. I may add when the way forward is clear but Rambler tend towards half arsed news releases that leave the market and investors up in the air. If I can get my other shares back at 5p on news, I'll do so as downside is then minimal compared to upside.
Personally the stock is heavily undervalued given that this is a working mine. The drop is SP was overly dramatic.
Value vs Debt is minimal.
I am doubting that a dilution will take place, but that new agreements are made.
Everything ok Multi? It's gone midday and we haven't had a copper update.
Very helpful and informative - I will have to listen to that music as I am not an expert like yourself.
*Incredible Hulk credit music plays*
No one knows what the final outcome will be for Rambler - there are several permutations, some good some bad. Anything we shareholders say regarding dilution or loan is pure speculation. Lets all try and pull together for the next few weeks and support each other during this difficult time.
Great to know. (Inserts what's the relevance to RMM emoji here)..
For siliver strange it happening
Just reading the RNS from back in April, this is what we need to be mining right now.
Ming North Zone Drilling Program
§ R21-785-01
· 25.44m @ 2.06% Cu with 1.06 g/t Au
§ R21-785-02
· 15.75m @ 4.97% Cu with 1.94 g/t Au, including
· 10.75m @ 6.51% Cu with 2.39 g/t Au
§ R21-785-12
· 12.00m @ 2.90% Cu with 5.68 g/t Au
§ R21-785-17
· 11.00m @ 4.32% Cu with 4.71 g/t Au and
· 48.59m @ 6.30% Cu with 1.85 g/t Au
Toby Bradbury, President and CEO, commented:
"We have been awaiting the precious metal assays for some time. The receipt of this data provides the opportunity to provide a comprehensive update of our mineral resources which we will complete in the near term.
Gold makes a useful contribution to our cost structure and enhances the overall value of our project. The higher gold grades associated with the higher copper grades of the massive sulphide zones Ming South and Ming North in particular, make these ores even more attractive in the overall mining blend. In 2022, the Ming North Zone will be targeted in such a way that we optimise grade and recovery from the operation."
have bailed out. Despite buying more last week at around 4p my average was still near 20p mainly as a result of buying back in January 2021 and I really cannot see the price approaching breakeven for me any time soon. Good luck to all those others who also bought early last year when this looked a really good prospect.
Whilst desireable to install an ore sorter to reduce costs I do not see this as priority in the short term. I remember Cornish saying that an ore sorter comes into its own when trying to sort low grade ore but not with high grade ore. We should focus on mining as much high grade ore as possible to maximise revenues and mitigate the lack of an ore sorter in the short term.
> who have thrown the financial management book in the bin.
That's rich, this statement assumes they had one to begin with.