Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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They take it down with every trade no matter buy or sell. I must say FCA really needs to look into all of this.
No big sells posted, mightn’t it just be MMs anticipating a down day because US markets battered last night?
Possibly forward selling if the company is trying to get a placing away?
And I really believe it’s bad not financial advice
Something happened
100% agree. I've bought today and think over a 3-5 year hold that this will come good. These last 12 months has taught me the importance of patience on entry execution from when I first became aware of this stock via Portfolio Matters.
ATB. DYOR.
Absolute cluster**** of an RNS. Very poor from BoD.
Regardless of my lessened opinion on the BoD, market reaction is to completely oversell. I doubled my holding before close. Q3 Production figures show us on track to hit guidance, Costs will be $3.20 all in and the financing will approx £5m and we will bounce back to 16 in no time.
Longer term, investment case is still there. Very disappointed in the actions of BoD and their abysmal communication and would consider coming out at break even if this doesn’t improve.
The investment needed for this mine to get it profitable in comparison to the likes of GGP and SOLG is pittance.
I don’t know what all the worry is about. Once full funding is sorted to get Ramblers through this period of high inflation and low Copper prices this will rocket. The demand for copper will be there. TB and the new CFO know what they are doing. They seem to have shafted current holders but the tide will turn in my opinion…. Hold your shares or top up if you can, you’ll be getting an absolute bargain if you buy now.
Biggest most important thing here is what will ce11 do this is question
Well my gamble paid off I made a tiny profit £80 yay ha
I don’t like this company I think it’s dog Sh*t
Best of luck
Theres actually more resource than that too as we are constantly drilling, the fundamentals are there. I think moon is actually correct when he said this is good, we will soon know the truth for once and can actually start building from there. I'm not happy obviously but I do see a way out to profit in time.
OK then worst case - we have to flog the mine. If it's really a $billion potential, and requires, say $50m to get it working, you'd thnk someone would buy it for minimum $50m, probably nearer $100m. Let's say $75m. Less the loan+debts of, say $35m, that leaves $40m for the shareholers = 25p. Not great at all, but it's back to where we were before the drop. Dunno, whichever way you cut it, 10p a share looks way off.
I doubt they would unless they have a small holding, considering the price was fairly cheap, a lot of people have a hefty amount of shares.
Presumably the copper price resurgence and strength of the dollar will be making quite a useful difference this month. So it's not all downside at the moment. I'm sure they will get through. TB is not giving up a billion dollar asset to pay a few creditors and a $20m loan. He should do a 1-for-1 rights issue at 10p - I'm sure many (most) shareholders would stump up.
Ironically we might actually see a return for shareholders if we sold up!!! Genuinely might be a better result for us.
If we don't have bad luck then we have no luck at all! If nothing positive comes by year end then it might be time to throw in the towel. There's a good chance that us LTH could never get our investment back the way it is going. A real slap in the face for believing in them. I just don't understand how they have a goldmine (and copper) below thier feet and there's talk of them going bankrupt. How much could they sell the mine for realistically and how much of it would go to shareholders after paying off debts? Billion £ of copper reserves in the ground being bought out for anything lower than 100m is scandalous.
Rmm best position of its lifetime just need money that it
There we go our speaker has fallen
Ahh man you just gotta laugh you really have
Think you spoke too soon Multi!!! US inflation just announced and copper dropped nearly 4% in a matter of minutes. Now 3.55.
Really well put Wilco, summarises my thoughts also and I’m in the same position. I’m also quietly confident about copper price due to various developments, so this could be a big help.
Also my thoughts wilco. As we know, canada has classed copper as a critical element, there is no way they will let a producer with rmm's assets just shut down.
Added to that, Canada seem intent on becoming a major global player in the EV industry from mining/cathode materials to OEM's. I'm of the belief they would not be keen to see a domestic mine producing a material so critical to the EV industry to go under
Genuinely have sympathy for the Rambler board truth be told. The RNS - ridiculous. The lack of disclosure of the precarious cash position even a few weeks ago - ridiculous.
But if you look back through the companies past they have been beset by issue after issue and the most recent was frankly out of their control. If the copper price had remained high for perhaps just a few months more or even peaked later when production output was higher, the cash position could have been in a completely different state, although not resolved certainly with significantly more leeway and a better bargaining position for negotiating new debt.
Perfect storm of a dropping copper price and almost unprecedented inflation at frankly the worst moment. Not advocating how management have performed but they sure did luck out.
Like many, lost plenty here in the past few days but I am far from convinced the Rambler story is done. Toby was buying just a couple of months ago when the copper price was lower than it is now, admittedly the systems may have been so inadequate that he genuinely didn't know Ramblers cash position but I still have hope that this doesn't turn out quite as bad as some expect.
Of course could very well be wrong but for now am firmly staying put
It was those damn parking attendants all along!!! If we'd only listened...