Member Info for 1nvest

With small debt to equity swap bond holders acquire 95% of the company. They have contol of the company and don't need to buy anyone out. On the plus side for bond holders there is the potential of commercial oil at Lincoln which has been discovered and potential further well at Lancaster where oil has been found. Just need to drill a side track to make best drilling of reserves. Lastly there is Halifax where supposedly the acreage is good but as no drilling has been written off. Last year has been a car crash for shareholders. Actually think BoD may have had no choice if reserves forecasting is correct. Time will tell but either way Shareholders have been shafted. Only people to do well has been the BoD who are collecting their salaries.

Take over just confirmed. Got the company for virtually nothing considering assets. Likely to go ahead with drilling in 2022 so substantial money to be made if successful. Renegotiated bonds to protect their position. They have played a blinder. BoD taken shareholders for a ride. Plenty of rampers still pulling the eyes of long term sufferers and novice investors which is always the case. I really do feel for long term investors who were sold the story. Hopefully on restructure who knows it may go up 10 bags if drilling is successful. Basically back to being an exploratory company but oil has been found just a question of whether commercially viable. Anyone invested at higher levels its a right off.
This was definitly another share to learn from.
Good luck on future investments.

Whilst share price is drifting downwards and money still needing to be accumulated for bond I don't think anyone will be paying more than 4-6p. This would be a fantastic return on current SP if it ever materialises. Otherwise it's hoping enough oil can be produced to pay off bond holders and raising of capital or further production for an appraisal well to be drilled 2023 in my view.

My understanding is that Duck pond mill was looking to be purchased to replace current mill to drive down costs in that it would be assembled at the mine and therefore no need to transport ore to the mill. In view of current price of ore it is likely the mill will continue to be used if another ore is produced. In addition there are other mines to be drilled so I can well see both Mills being used. Comes down to price of future Copper which I see increasing for a number of years!

Spot on, the market valuation in the presentation need to be increased substantially for forward looking copper price and to add exploratory drilling has been accelerated in view of additional fund raise in Feb which should lead to positive results fingers crossed and with the sale of assets there is now talk of Little Deer mine which was not included in presentation in respect to capitalisation. Looking forward to updates from Rambler

I agree, looks to be traders but the generally trend is upwards. A general sharp increase or downwards spike may make them think twice but reality is does it matter? No, those of us invested here believe in what we have invested so long term will be OK as you have stated. Just need to view spikes during the day as what they are.LTHs will do extremely well and at 2% increases we will see a share price in excess of 1p in 2-3 months

Looks like the only plan they have in place is for further share placings and they can't do that at the current price. EGM should be called to reduce current BoD pay as they are not delivering for shareholders. Should either accept or leave and competent Directors employed to take things forward.

Snowdon says while the market is only now entering a period of deficits, by the second half of next year the copper market would be at its tightest point since the mid-2000s with very low inventories leading to concerns about scarcity.

“We are in a supercharged, synchronised global demand surge. Chinese demand remains very strong, growing at 4% this year, underpinned by strength in infrastructure investment, strong completion phase in the property sector, and also strong recovery in consumer led sectors.”

But what is particularly unusual of the current copper market is the pace of demand recovery in ex-China economies, says Snowdon:

“We forecast demand growth in developed economies at a faster rate than China – close to 7% growth rate this year.”

Happy days for Rambler and ramping up mining. Looking good for the long term.

Only for 50% of production and that's at $3.5! The rest is at market rate so prudent management in place.

The first gold pour was never going to be straight forward as there are hiccups. Better to be open and transparent as gives market better confidence. Time to wait on news.

Derampers will be talking about copper sticking at $9000 a tonne, not increasing, limited green revolution as in a recession but will be slight increase in copper demand and oh yes it will on be 2 or 3 bagger rather than multiple bagger we are expecting and oh yes better opportunities elsewhere where they are invested!

Updates quarterly. Next one expected in the next 3-4 weeks I would expect

Robert Friedland, billionaire investor, noted on Bloomberg today saying Copper is crucial in electrifying the global economy. Finding enough of it has become a national security issue. Governments will have to accept the industry, if the world is to transition to clean energy and transport.

We knew China was stockpiling but if USA starts to stockpile copper there's only one direction for copper in the next two-three years before potential of stabilisation before other mines start producing ore! I know where I want to be invested right now.

Good day for Rambler but increase does not reflect the additional capital secured following the sale. This should hopefully be reflected in next few days as investors start to see the investment of Rambler and cash in Bank for future growth. Add to this future income following mining this is all looking good for continued growth over the year.

Great BB with lots of intelligent investors willing to put thoughts forward. Let's enjoy these good days as there's plenty to come.

Well I suppose helps pays another employee wages who will be making the company more than 30,000 a year at the current price of copper :P

Sorry to hear of your loss Daltrey. Many of us have been burnt by the picture originally painted by the BoD. I was lucky in having a low average but many LTHs were lead in a by an over optimistic view on fractured oil reserves. Wish you luck in next investments.

Nope, your just wishing. Another bad RNS and confirmation of reserves position from last year. Looks like BoD are trying to steer the boat as best as they can considering they have a leak. There is no positive news in this one at all. Wanting to produce below bubble point as need the cash for any future for Hurrican. If financial is forthcoming in the future it will wipe out existing shareholders. My hopes for reinvesting in Hurricane are gone. Will learn to not trust BoD and take their views with a pinch of salt until verified by other parties.

Well management of the company has to make a decision on whether to keep workers on contracts which are antiquated and costing them money as well as making them uncompetitive or to push forward with reform to try to stop the decline. A once great company has seen its customers leave in the millions. The BoD have made numerous mistakes over past 20 plus years but decisions need to be made to correct these over inflated contracts. May have got away with it being a public company with tax payers paying the bills with only one provider but no longer the case. Got to move with the times and Centrica have been slow in making hard decisions with employees. I don't say this lightly as I'm also an employee of a private company and I don't agree with a lot of decisions but you have to move with the competition as a minimum if not be ahead of the game if you want to turn around the company.

Lucky dog I think it's more a case of realism. I really do wish all Hurrican shareholders the very best luck as been an awful 12 months which has nothing to do with the pandemic.
Hurrican has a lot of potential provided CPR confirms this and I can see an upgrade in reserves as cannot believe the first reserve amounts were so far out. We'll know more next week and then I'll make a decision on reinvesting but currently I have little faith in management. If its good I'll miss the lows but worth waiting to see what the future holds as I don't want to lose it all.

Sorry there is no rocket ship here unless they have had a company looking to buy them for tax credits. Then you could see a 50% plus return on current SP. The CPR will need to be extremely positive with substantial upgrading of reserves for further investment to be secured. Currently based on previous RNS no further drilling planned until 2022 at the earliest.

This is more likely to be boat repairs from stopping the boat sinking whilst future plans are sorted out.