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Keep saying to get there friends in get best deal borrow big double ur profit
TOO MUCH LOGIC
If you were the BOD and wanted to get in on a placing, how would you do it?
Would you release an RNS like the one they have done and then buy whatever they want to? And to gain even more value for the BOD let's assume there may be a take over bid in the pipeline....
The only purpose to release an RNS like that is to drop the SP massively and this is a fact, right?
What are u dreaming off gonna take ages
"we will do everything to stop this as soon as possible" -putin told modi in a meeting.hopefully this will come to an end and world will come out of recession soon and copper will go up significantly...
On the beach at Hove yesterday and a magic lantern got washed up. I recsued it from the surface and rubbed it dry. As I did so a genie appeared. He was very grateful for being rescued and granted me one wish. I said I wanted to live for ever. The genie told me that was not possible so he asked me for another.
"I would like to live until my shares in Rambler are worth £1 each."
"You devious ba5tard. You can have your first wish."
Strummer, A marvellous summation of - no doubt - many posters’ thoughts on the ‘turntabled’ one.
In the last annual report the c3 (fully allocated cost) was $5.83 per lb of saleable copper. So significantly unattractive.
Rambler have improved production metrics significantly though and using last year’s costs as a guide (it’s all there is to assess on until half yearly), against the actual production reported for h1 2022, the c3 costs may now look more around $3.60 per lb of saleable Cu (give or take depending on costs).
However at full year, if Rambler can continue on its current trajectory, and if they are believed they can hit guidance of 7000 tonnes saleable Cu then, (all being equal and again using cost data from last year), they can potentially reduce the c3 costs to around $2.75, through economies of scale.
That’s about 47% of the c3 cost of last year and would be a significant achievement about its operational viability (to use the term from the RNS). Thats without accounting for any further improvements, just based on hitting guidance against last years costs.
The less so good aspect is that the C3 costs to mine last year was just over $42 million usd, and with debt repayments, potentially rising costs, capex for developments, and exploration spend Rambler as a company IMO are not likely to be profitable atm.
I am not overly worried about this at this stage provided the finance is agreed and is sufficient enough in value and terms to give them sufficient capital and time to put continue to sustain operations while driving down costs. After all this is a turnaround proposition.
This is a story to unfold over several years, not weeks. However the next few weeks are critical to the future and is a very high risk period.
The nature of the financing is key to look out for and will IMO determine the viability of the turnaround of the business.
Strummer,
You have very eloquently summarised the "lot" of people who choose to invest in the riskier side of Miners.
As a bonus read too, your repost to DJ has made my day. (I agree wholly).. Good luck fella and to everyone who continues to hold..
"; reduction of current operational accounts payable balances back to current terms" yes I must have miss read it, that indeed puts rather big sticks in my argument.
Drop not massive over sold reaction it’s because they need money this is point that make or break. Simple as that
In the RNS about why money is needed. It said it partly towards a reduction of operational accounts back to normal terms or something like that.
"the fact that they are outside of normal payment terms with suppliers" where is this stated?
For you and anyone else, you are welcome to join the friendly Discord group.... of interested a link can be posted
I see your still in essay writing mode for a share you have exited......
Thanks btw for reiterating once again, in very long format what you have posted, in same said long format multiple times now.
I am so advised and suitably chastised...
All I would say is that, yes I am a bit slow, dumb and stubborn. Yes I probably should butterfly about more, as you do. But we are not all perfect I am afraid.
All I can say in mitigation is that much of my investment here came from profit off GGP. Where buying a lot in 2019 @1.6p. Then NOT selling out. As I know you did, as soon as it hit 3p.... Made me a bit of float....
Rather holding there, and adding to 7.7 million shares @Avg 3.4p in total. Then only selling 85% of them slowly on the crazy climb to high twenties and low 30s. As even I could see there that a bubble was forming and about to pop by Xmas 2020. Mid term at least. I left in 1.5mill shares for the Gold extraction. OK that chunk is now only 8p, though still in profit. But I think it may come back when they start the mining. So leaving it be...
if that's OK with you?
So may be it's just swings and roundabouts my friend. Sometimes you bail and justify it to yourself correctly. Sometimes you bail and regret it? Never said you were wrong here. Just how it is.
One thing I never did on GGP though. Was keep posting on how smart I was in the face of the big investors left there that witnessed the Jan 2021 to present 38p to 8p slide.
I would consider that poor form. Just as I said to you that what you were repeatedly doing last weekend wasn't great. But you have issues with self justification confirmation, as said then. So you barrel on....
A shame. As I think you mean well. But can't see the impacts.
Regards.
Eatstocks - whilst there may be some merit in what you are saying regarding the improved ability of the company to forecast future positions, the lack of current liquidity is emphasised by the fact that they are outside of normal payment terms with suppliers - which rather contradicts the main thrust of your argument...
There are mines years from production with a £20-30m mcap. RMM is a producing mine with a mcap of £13m.
"the need to prepare" statement just contradicts that they need the money now.
100% agree. The drop was a massive overreaction to the RNS as is typical with Rambler! Instead of remaining calm, the usual doom and gloom brigade picked out the negatives and came to their own conclusion causing a completely irrational sell off. Well to all of you who sold, I would like to thank you for your cheap shares as I have added considerably at 6.5p to 7p. What an absolute gift to he able to lower my average and get this ridiculously cheap entry. When this goes back to 20p on news, as it will, I have just made 200% for nothing! Happy Days!
We invite you to apply for an exciting Career Opportunity with Rambler Metals and Mining (Canada) Limited.
With a world class mineral resource and recently closed financing, Rambler is on course for a long and prosperous future. We are on the lookout for good people that would like to join us on that journey. Hmm
True the RNS bearisness could be being blown out of proportion.
Agree 100%. They rolled the dice earlier in the year on the copper price, they have learned their mistake/hired a competent CFO and are preparing for a worst case scenario if copper doesn't rise.
Might I point out that the new financial tool has been bought and brought in to make financial forecasts and projections.
They should have added a paragraph explaining or refreshing people on the purpose of their new financial tool they have, that it is there for them to make projections. That through these projections they believe the company should prepare for potential further drops in copper. And none of this would have happen.
Anyway we will find out end of September. If I am right, no point for them coming out now saying, "guys they are projections it's not that bad", they can't, they now need to publish the whole thing.
A lot of people screaming that they know what is going om, yet no one does until the finances are released later this month, so calm the hell down. If you have sold out, not need to come on here and try to convince everyone that you did the right choice. As long you are pleased with you decision that's what matters. I had to my guns and might live to seriously regret it, but you can seriously F off when calling anyone who did not take your course of action deluded.ANYWAY! Just read the RNS for a third time.Here is one thing that seems to become clearer to me, I am starting to think they don't need the money just YET"The Company has recently completed an update of its long-term financial model taking account of the current macro-economic situation""This was accommodated to some degree with a previously favourable copper price but the current period is such that the Company recognises the need to prepare for a more sustained inflationary environment and one where copper prices may be more inherently volatile. "In other words following the long-term financial model results they got thanks to their new financial tools, they believe it is important to prepare for more difficult times to come.What if everyone has miss read the whole thing and RMM is only taking the reasonable steps of preparing for harder days to come, which really would be the right thing to do.