Member Info for 1nvest

Went into presentation with an open mind, considering stope collapse earlier this year and need for additional funding.

Really clear presentation in respect to current position and where the company wants to be at the end the year. Summarised mine turnaround and now back on track following stope collapse. Check list on what's been achieved for the year so far and what the aims are for next half of year. Something us shareholders can measure them against rather than just TPD.

Extremely focused in respect to short to medium term and where they see production and completion of hedge requirements. The shelving of mill at mine as would take away from immediate re-establishment of full mine and production levels. Looking to hit 1400-1500 TPD by year end.

Benefits of ore sorter to be arrived from it next year. Clearly stated profitability not dependent on ore sorter, it would just increase it. Future investment in mine medium to long term would be through positive cash flow therefore no need for future placements. Exploration work should enhance mine life which is already 20 years plus. Other key growth opportunities outlined for the future.

What I found was a very open and transparent BoD willing to engage with share holders with questions and answers. A real relief when considering most AIM BoD.

MY overall view was the mine is now back on track and an very experienced BoD with a team in place to action the plan put in place late 2020. Those who are still sceptical of turnaround should wait until the end of year to confirm tbut I have taken confidence from today's presentation. d

Banning of Diesal and petrol cars. Months of negotiation ahead but if agreed will increase demand for copper as all EU member nations transition away from fossil fuels. RMM by this stage should be at full mining production with ore sorter, mill in place to take full advantage. I could be invested a very long time unless you guys and girls can find me a better investment...

https://www.bbc.co.uk/news/world-europe-57833807

24.143 million tonnes of Measured and Indicated Resources grading 1.69% copper and 0.32 grammes per tonne ("g/t") gold, containing 900 million pounds (408,199 tonnes) of copper and 251 thousand ounces of gold at 1% copper cut-off. This compared to Little Deer at 2.9M tonnes at 2.13% copper ("Cu") containing 135.4M pounds or 61.4K tonnes at 1% Cu cut-off. Yes Little Deer is smaller but copper grades are good.


The Inferred Mineral Resources remain at 5.023 million tonnes grading 1.89% copper and 0.41 grammes per tonne gold containing 209 million pounds of copper and 66 thousand ounces of gold at 1% copper cut-off. Little Deer an Inferred Mineral Resource of 6.2M tonnes at 1.79% Cu, containing 243.8M pounds or 110.6K tonnes (at 1% Cu cut-off).

Just on these current Little Deer figures the mine is very lucrative at current copper price when you look at cost indicate:
A copper price of US$3.60/lb (May 31, 2021 Consensus Economics long term price) and a USD:CDN exchange rate of 0.76 was utilized to derive the 1% Cu cut-off grade. Mining costs were C$50/t, process costs were C$22/t and G&A was C$18/t. Concentrate freight and smelter treatment charges were C$10/t mined. Concentrate mass pull was 7%, process recovery was 97%, smelter payable was 96% and Cu refining was US$0.08/lb.

What this also shows is how depressed SP is for Rambler when you look at reserves at Ming Mine and current position of production and where company will be in 6 months time!

I wasnt expecting updated Little Deer reserve forecasts for a month or so and thought this would be off the back of drilling exploration. Looks like they had enough data to provide an independent report and must have submitted detail over a month ago to get this update.

Looks like exploration to be undertaken as well:
'Cash generated from the Ming Mine will enable us to invest in our other assets and provide for future growth and creation of shareholder value.

Exploration, development and ultimately operation of the Little Deer Complex can benefit from the expertise and synergies with our existing operations, and we plan, through the balance of this year, to advance this important project with further exploration.'

This share is going to heat up as news is released.

Just gets better and better. Updated reserve forecasts for Little Deer.

The updated Indicated Mineral Resource reflects a 6.5% increase in tonnes and a 4.8% increase in contained copper metal, based on a 1% Cu cut-off;

· The updated Inferred Mineral Resource represents an 47.4% increase in tonnes and a 27.5% increase in contained copper metal.

As reported in a release on 7 May, 2021, the Company has received a number of unsolicited offers of interest in its Little Deer Complex and is actively seeking arrangements that can advance these projects while retaining a significant interest."

Well will need to review SP for 12-24 months as looks like JV is likely to go ahead and could be producing ore by late 2023/2024 in my view. Loving new management and their action to increase Shareholder value. Looking forward to JV news.

That the way I look at it. I have a number of stocks I trade but my core investments are longer term. There is risk in investing here but my view is that longer term there are significant profits to be made here and last two RNS have supported this understanding on how money would be raised and invested.

People have different investment strategies. Some like to day (weekly, monthly) trade others like to invest medium to long term following extensive research into a company. RMM falls into this category. A great investment case, great fundamentals which just needed a good management team behind it. Now in place following changes in BoD. They have been clear and open in correspondence which shareholders love to see. A clear strategy in place.

There are also a number of factors which could see a 50% increase in SP in a day but even if this doesn't happen long term we are seeing multiples of current SP with limited risk following finance and new plans in place.

Great company to invest in whilst SP is depressed.

I expect Little Deer would not cost the same as a new mine as was previously operational. Also has lots of operational savings in view proximity operations. Until plans are released difficult to estimate costs but I be surprised if it was over 100m. Could well be significantly lower than this but dependent on mine degradation. Some previous work undertaken:

https://www.northernminer.com/news/thundermin-and-rambler-team-up-on-little-deer-in-newfoundland/1002663608/

https://www.sharesmagazine.co.uk/news/market/LSE20140522150008_011962378/Little-Deer-Drilling-Update

Three stripes, RNS was extremely good news and loan fully repayable within terms based upon production. There will be multiple stopes on the go and therefore no drop in mining. Looks like they are ramping up mining so see no issues with repayment and reserves confirmed for 20 year mine!

It's going to take time for news to filter out on turnaround of the mine and funding secured. Those in for a quick 10% will be getting out but there will be plenty of investors who will now see the turn round of Ramblers fortunes.

Cornish as always spot on. Contributions like this show the type of investors we have here. We are optimistic Ramblers going in the right direction but understand the risk which is associated with mining and location.

This BB has generally been full of knowledgeable posters backing view points with facts. Over the past month we have had a lot of discussions about non events, conjecture, company going into liquidation... What a load of b*******. Company has been clear on its path and communication. It won't be appearing every week but quarterly or as advised as per today!

Good luck to those who are invested here

Finance mid-term done subject to due diligence.

Revised production figures advised

Working from 6-7 stopes rather than 3-4 by year end. Massive ramp up in mine workability.

Most importantly impressed with BoD getting back to markets and Shareholders on time with a clear plan in place. Impressed in view of AIM company.

Will need to read RNS again but looks like only needing 2 million initially whilst loan agreed with New Gen which is over 3 years whilst the rest is contingency. So they have room to expand activities if required. As noted:

'Even though the convertible note facility allows for an additional US$28 million following the first drawdown of US$2 million, management intends to keep the US$28 million room as contingency only. The need for further advances will depend on operating results, metal prices and currency exchange rates prevailing in H2 2021.

Looks like fully funded at present and it was always known funding was going to be required. Initial restructure was all about getting mine back up and running. New finance looks to be mid term

Congrats to all investors who stuck by Hurrican and new investors who have seen a great return over last couple of months.

Still have to replace the BoD but based upon recent news and marshaling your vote your in a great position to do just that. Will need to quickly act afterwards to ensure shares continue to be traded. It doesn't look like the current BoD will be helping at all.

Looking forward to future plans.

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.

Looking back at recent posts, it would benefit the BB to ignore certain posters as they are ignoring the facts stated in recent RNS. It is just devaluing the BB and trying to work out what's going on at Vast.

Positive SP yesterday and hopefully turned a corner. New management overseeing Mine in past few months so hopefully will now get a handle of the matters at hand.

There is no doubt the BoD is not the best team but they have got this mine back up and running so with higher copper price let's hope their cash flow projections are near the mark and there will be a good increase in the SP.

Will be looking to set up ore sorter for 2022 which will increase profitability.

The new mill will start to be set up but my understanding is that this could take two years to set up. Hopefully if Cornish reads this he will be able to confirm. That will also be a significant moment and hence a lot of people are talking about a 24 month turnaround in Ramblers fortunes.

This frees up current mill so could see a real ramp up in ore mining if the price of copper is still high!

Monkeydluffy, it all comes down to shortfall in first two quarters due to stope collapse. This has reduced 1st half revenue and will have longer impact as will not be able to fulfill copper hedge until 3rd quarter possibly 4th. We won't know until revised plan is released.

The directors have also looked to accelerate exploration work so they may want to expand this and also look at Little Deer if they are looking for a joint venture.

I believe they are looking for short term cash in view of RNS release. As they develop the mine more finance will likely be required. In my view this will be raised off the back of positive cash flow in 2022.

Currently the price of copper sales has been hedged. By the last quarter this will no longer be the case as sales should be above tonnage agreed and will reap full benefit of increased copper price going ahead into 2022.

As always with a spike there's a lot more posting whether good or bad. A lot more drivel as far as I am concerned and it's about scan reading picking out the good from the bad to see what's relevant.

A lot of the deramping isn't backed up by much reasoning just charts. I hope most know the real negatives in respect to
1.Good grade stope collapse
2. RNS position stating the company will need to raise additional finance.
3. Reduces copper mining output

This definitly raises concerns and how this news has been reported.

On the flip side there are many positives and to name a few:
1. Increased copper price - based on this alone the mine would be profitable once 2019 mining levels hit
2. Majority of debts swapped for equity
3. Leased equipment purchased therefore reducing long term costs
4. Derisking of mining risk by having multiple stopes ready for mining.
5. Reserves update putting company in a similar position as in 2017 in respect to reserves
6. Mine on course to hit mining target by year end (negative as stated above - lower overall tonnage to be confirmed as turnaround year)
7. Confirmed sale of non-core nugget pond gold plant
8. Initial talk of interest in Little Deer/ Whales Back mine which could raise additional finance

Point 1 alone is great in the current market and therefore well placed moving forward in my view. The above of course does not take into consideration ore sorting to come in 2022 which could potentially reduce up to 30% waste ore as well as reducing costs of transport. New mill to be purchased (likely to to take up to 2 years to dissemble, rebuild at the mine) and installed at mine. These will all lead to long term viability of mine as well as increasing tonnes of ore processed per day.

From an investment point of view looks to be a great mine to put your money in as looks to have written in the negative points noted above but very little in respect to the turnaround. Of course normal DYOR and let me know what else I should be looking out for as no one wants to lose money. As for timescales I'm hopefull the market will rerate SP accordingly but I'm looking at late 2022 to review my investment strategy but can see myself currently investing for a number of years.

Good luck to all invested here.

Thats what everyone is saying and it contually goes down in price. I believe the BoD are NOT doing a great job! With mine managers in place I am now hoping that maybe they can do a better job and get things moving in the right direction. I have an average of 8.6 which I am also down on. On hindsight I shouldn't have invested until there was an actual positive RNS. At current copper prices and drop I thought it was worthwhile risk/gamble but won't be investing any more until news released.

That's my advice to potential investors.