Member Info for AJones

@Gaza Good luck to you!

I am not sure what will happen whether it will be a purchase from another company or whether the company will get the funding it needs or whether it will be another raise! Maybe the Board are getting a back hander for selling the company at a reduced price! That is the reason they sent out the original RNS to drive down the price! Who actually knows its all speculation and nothing is fact until we have an RNS stating it!

I have read the below from the RNS a few times and I can see more positives than negatives! This mine currently has a market cap of £7 million! Which in my opinion is extremely low for an asset like this! Exploration companies with no mines have market caps 10/20 x what this currently is! As mentioned below I am confident from reading the RNS that the debt will be restructured, and this will be a thriving mine!

It also must be on the radar of some of the bigger mining companies like Glencore when the market cap is so low! The return on investment for a company with large amounts of funds at their disposal! Maybe this is why they released the RNS a few weeks ago at 22p to drive the price down to put this up for sale. At 22p the shareholders would have wanted at least 40p for an asset like this! At 4.50p the new shareholders would be more than happy to sell at 10p - 20p (Not good for me but good for shareholders who have lower averages)

"In the context of the resource base that Rambler holds, the valuation of the Company, even including its current debt position, is exceedingly low. The operations are proving themselves and future production is at less risk than it has ever been. Over and above this, there is strong exploration potential with 3 new mineralized zones discovered just this year.

The need to bring capital into the business is to ensure that long-standing legacy commitments are met and not to support on-going operations. The current drop in copper price is one which we believe to be temporary, but we also recognise the volatility in the market.

We are in discussions with all relevant parties about the need to restructure our liabilities and believe that practical solutions will be found all round."

I do agree that the first one was a pointless RNS, and I will be honest I am not sure why it could not have waited until this RNS! I do see a lot of positives from this RNS and when they get funding this will fly! This is a will be profitable mine and has the potential of 20,000 tons! With a life span of 15 Years!

I am not sure how people know what exactly is needed. £10 Million, £20 Million, £50 Million and even £290 Million. Noone actually knows exactly what is needed and how much! You can all guess, but it is all speculation until we hear something from the BoD it's all speculation! The refinance could go a number of ways and not a single person on here knows what will happen!

All of that was factored in when it dropped from 21p to 6p. There are alot more positives than negatives in the RNS

Reiterating the potential scale of the business, the resource base at Ming Mine could be sufficient to support an operation 2.5 times its current output (˜20,000 tonnes Cu p.a.) and still have a +15-year mine life. This is the subject of a feasibility study that has to be conducted. However, even at current scale, this mine works and it is predominantly the legacy issues that are holding us back.

 

In the context of the resource base that Rambler holds, the valuation of the Company, even including its current debt position, is exceedingly low. The operations are proving themselves and future production is at less risk than it has ever been. Over and above this, there is strong exploration potential with 3 new mineralized zones discovered just this year.

 

I agree with your statement and this is still the case! You are correct $74 Million in assets after debt and Liabilities! Production at 6300 - 6600 for the year pushing to 20,000 with investment. You had it right in May!

"Not saying it’s with Chesterfield, Rambler is in such a strong position due to the assets it owns, and it will be on the radar of many a company wanting to build a stake in copper futures"

I read it as that they are looking to defer debt repayments until 2023 and looking to restructure debt. Then in the next 12 months look at a capital raise to increase production and help cash flow. How are you guys reading this?

To me it is not as bad as I thought in the slightest! Need capital to sustain the current growth and push towards the 20,000-ton mark. As they mentioned this is a high asset mine with very low debt with great potential for growth!

Done a runner With 7000 tons of copper! How dare they!

That unfortunately SKS Business services Ltd have changed their number.

"U lot keep joking around really not understanding what i believe has happened."

And what exactly do you believe has happened?

Oh I didn't know the mine and business operated from TW9 1AD! My mistake!

No one understands what your saying!

That is not Rambler though it is a company called SKS business services Ltd So I am not sure what you are trying to imply by saying "That I can’t disclose but if u can’t get though then I have my answer"

I am so confused as to why you want to ring them?

Try - (709) 800-1929

I am guessing its their registered accountants. You are not going to get much information from them you will need to email them at contact@ramblermines.com. Not that I can imagine you will get a reply from them!

What has SKS business services Ltd got to do with Rambler?

Probably blocked your number as they do not want to listen to your predictions!