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The investment needed for this mine to get it profitable in comparison to the likes of GGP and SOLG is pittance.
I don’t know what all the worry is about. Once full funding is sorted to get Ramblers through this period of high inflation and low Copper prices this will rocket. The demand for copper will be there. TB and the new CFO know what they are doing. They seem to have shafted current holders but the tide will turn in my opinion…. Hold your shares or top up if you can, you’ll be getting an absolute bargain if you buy now.
We all appreciate Cornishknockers input, always have. Nobody can predict the future. We all invest off the back of information we gather from the company we invest into and the current climate. Tough times in the world. We all know that. Let’s see how it plays out up to the end of September.
Look how far they’ve got Ramblers…producing mine…current market cap £18m , resource is growing constantly, cash flow problem in current micro climate is the issue which they plan to sort.
Good investment opportunity I think for long term if they can ride the wave
If I had the money I’d bail RMM and all it’s stakeholders out.
I’d offer you all 30p a share cost me £45m for the company as it is , plus pay off the debt and invest in an ore sorter….Job lot £75m ……if someone did that they’d make a fortune
Ride the storm !! (I meant to say haha)
& not forgetting RMM are a producing mine …. TB has got the mine in to a state where it’s ready to churn out massive profits. The current microclimate with high energy costs and inflation and the price of copper falling is stopping that yes but if it carries on copper will become more and more scarce as it becomes too expensive to mine…..so if the stocks of copper become lower what will that eventually do as demand increases? I’m in agreement we are going to see a turning point , copper will go back up imo, can’t continue much lower.
Next few weeks will be the lowest point for RMM. Ride the stroke everyone and good luck to you all.
I have my fingers crossed for an ore sorter
Elprofessor in agreement.
Raise £18m equity if possible rather than another loan at say 11p…. Doubling shares yes but the drop has already happened so that would give us a m/c of £36m… sod more debt for RMM don’t want more debt to pay…
Restructure with Newgen to a 10 year loan maybe pay some off
Pay all other outstanding debt (can’t be much?)
Most importantly by an Ore sorter ( if they don’t now I lose faith in TB he’s a miner after all) help us achieve much more profit and less capital cost) this will reduce expenditure.
Ok we need more staff with more production but the Mine will be a hell of a lot more viable.
Ok as terrible as it is as current holders have lost a fortune if they’ve sold but IF Ramblers do something similar to what I’ve just said then ok your investments will be half of what they have been for a while but if it includes an ore sorter announcement plus restructure of debt over a longer period reducing monthly outcome and allowing for more cash flow awaiting a more profitable climate with a bullish copper price then I can see everyone getting there money back plus more if they are patient.
Always felt Moon was mad to be honest but he is right…. Ramblers could put themselves in a far better position than they’ve ever been to ride the storm of inflation and volatile copper prices. IF they get through this period it really will be one hell of an attractive investment
In hindsight it could have gone above 3p or could have been bad news and dropped below 2p ….but it wasn’t bad news…. Looks like flow rates will be over 6mmscf imo.
News on production figures to come … in the meantime investors and traders will buy on weakness
Ukraine war: Russia to keep key gas pipeline to EU closed https://www.bbc.co.uk/news/world-europe-62766867
Howey, absolutely agree with you, not sold a share, news on flow rates from both wells into the grid can land anytime plus news on sidetrack. To be honest I was working when the first gas RNS landed but doubt I’d of sold any anyway ….can easily have gone the other way with flow rates due….I’m confident holding into the winter will see a sustained rise here. Have to ignore the 10/20 percent drops and rises as they are difficult to predict and especially with positive news due you wouldn’t want to be sat on the side. I do think with GAS prices being a top household topic at present as was anything related to Covid a few years back….right place right time springs to mind for Angus.
Plus sentiment alone going in to the winter Stockbob with the herd realising we are now a gas producer with these gas prices. If investors see positive news on gas flow from both wells and sidetrack added showing we are selling unhedged gas at high prices this will go a lot lot higher imo
I was having a look at Igas SP this year 13p-91p now (700%)
I don’t see why Angus can’t do similar with both wells hopefully producing more than expected plus sidetrack well with sky high gas prices.
If we go 700% from a low of say 0.7p this year then that would be around the 5p mark for the SP and £125m Market cap.
DoneK, I think I read that table wrong….
So I take it means around 25k barrels of condensate per year…. So that should be over £2m per year from condensate.
I thought it couldn’t be right…. That is still GREAT extra revenue from Saltfleetby I was unaware of.
With us now owning 100% that’s great