Member Info for AJones

I have averaged down again as I have sold out of Made! I thought this has a lot more chance of bouncing back at 7p than Made does! So sold at a loss there and put more into here and managed to now average down to 12.12p GLA

Ye! But I cannot imagine the Shareholders being happy about it! I averaged down to 13.2p but others havent and they will be very annoyed with that kind of offer!

Well its at least 5 times our current market cap!

@TGrus - I know it will recover that is what I was trying to say! The market cap is ridiculously low! Considering assets are £114 million and debt around £20 million - I can really see a low blow offer from someone at 15p!

Thats not including the cost to set the mine up! Look at Hammerdown Gold Project it has cost them $75 just get things up and running!

https://www.mining-technology.com/projects/hammerdown-gold-project-newfoundland-and-labrador-canada/

Exploration companies spend 5 x the current market cap trying to find a mine half as good as this!

@Metalhead25 - According to the yearend they have assets of £114 million minus the debt of £20 million so your figures are not too far off to be honest!

@Moon You make this up as you go along! Did your super chart show you this? As well as the RNS drop?

I wish they never released a pointless RNS! Without something to back it up!

Market cap of £11 million for a £1 Billion mine! I am guessing the vultures will be out with a low blow offer of 15p a share!

This is an absolute shambles for the shares to be this low! I honestly can't believe they have gone this low! Someone driving it down to get in an offer at a cheap price?

@moon - What has happened to the Mill?

It is not you are correct! I have stayed away from Cineworld chat as it is getting silly from both sides!

Some valid points! We deserve a decent RNS! This is far from a dead duck like some have said and with the right investment can be a very big player in the copper market!

MING MINE MINERAL RESOURCE ESTIMATE
23.755 million tonnes of Measured and Indicated Resources grading 1.80% copper and 0.35 grammes per tonne
gold, containing 945 million pounds of copper and 271 thousand ounces of gold, at a 1% copper cut-off
The Inferred Mineral Resource estimate includes 6.430 million tonnes grading 1.86% copper and 0.38 grammes per
tonne gold, containing 264 million pounds of copper and 78 thousand ounces of gold, at a 1% copper cut-off

I Do like the below!

An operating and cash-generative copper-gold
mine in Newfoundland, Canada, producing at an
annualised rate of 8,000 tonnes copper per annum
with a goal to produce around 25,000 tonnes of
copper per year, plus its significant exploration
potential, should have a value of several hundreds of
millions of dollars in today’s market.
The true value of Rambler makes the current balance
sheet, as well as future capital growth requirements,
eminently manageable issues from which
shareholders can realise significant upside.
Rambler is gaining the attention of investors that
have moved to the next chapter.

Ye, I Agree Louise! I am personally down and managed to average down to 13.2p But I am really not worried about it as I know this is going to do very well! £14 million market cap for a £1 Billion mine? That is fully established and producing considerable amounts! What a great price to get in at! In my opinion I can only see this going up

They cost to mine it has dropped considerably according to the company! We really do need a spike in copper prices though! And hopefully that will come!

The 760L program so far has added 34,000 tonnes of mineralized material at a grade of 2.13% copper
to the near term mine production schedule. In terms of the specific quantities associated with the
stopes that this drilling covers, this has increased the planned mineable stopes size from 43,500 tonnes
to 79,000 tonnes, an 82% increase. Importantly, there is minimal additional development required to
access this material, thereby keeping the cost of mining to a minimum

Assets at yearend of 2021 was $114,465,000 after bank loans and Liabilities they had assets of $72,833,000 and Debtors of $ 1,500,000 - This is not taking into account that the mine is worth over $1 Billion! - The chances of this going under are very unlikely as most Banks will lend to them with Assets like that!

Can you please explain when and where you think they will try and raise the £290 Million? I think your wrong I think they might try for £2.9 Billion! Actually no why not make it a cool £5 billion