Member Info for Blue_square

Hi GTTM
Yawn.......
You said 27p, then 20p. I took it that you meant a closing price.....
Move on.....

Regulator
Nice to see you back, I've missed your insightful wisdom.
Love that you understand the 'technicals' can you explain them to me please. I'm always happy to learn from an expert.
Although you did post this on the AML site -
' If you look at my history and posts its pretty obvious that i am novice. I don't even know the fundamentals of AML and brought at a high price. I didn't even research about dividends or know about the legal case with Adeem and some engineer.'
So, on reflection, no I won't be taking advice from you...
Have a good day.

GTTM
Leave it.
Move on and stop picking the scab.
None of us know what the sum required is. Guessing doesn't help, nor does it add any knowledge to the board. Clearly there is no desperate need for the cash, Rambler continue to operate, to increase the workforce and, presumably, continue to develop the mine.
Don't worry about the Ore sorter, thats in the plan and already costed. I believe is integral to the turnaround, I certainly wouldn't delay it. It's the key to reducing transport costs and improving the value of the ore throughput (by getting rid of the non bearing material). It also allows Rambler to make money should the Copper price fall off a cliff edge.
Please stop, for the sake of my sanity - let alone yours.

GTTM UFO No where in your financial ramblings can I see you allowing for income from sales. You seem to think that staff salaries and running costs are all coming from loans.... Many businesses carry debt, especially for investment. Its not always a bad thing. Rambler have had a minor set back on the turn around, it happens - move on.

Hi Ivy

Sorry, but I don't follow your logic. The November RNS stated that ' The Company intends to work towards the agreement of a payment plan with this creditor and, should it not be possible to reach a satisfactory agreement, the Company would seek an alternative source of financing for this liability or proceed with a sale of non-core assets or a combination of asset sales and alternative source of financing.'

Rambler state a) A payment plan or
b) An alternative source of funding (different debt) or
c) The sale of non-core assets or (which they have done) or
d) A combination of the above

Given that Rambler have already stated what their intention is, why would they need to release a further RNS - hasn't it already been covered. Surely it would be reported in the accounts.

Until you raised it, I'd missed this in the RNS, so thank you, I wish more people on here backed up their comments with facts. However, I don't think in the big scheme of a mining operation £2.7m is that much. And it could well be less (payment plan).

ATB.

This from Northern Miner.

https://www.mining.com/teck-resources-on-track-to-double-copper-output-by-2023/

Hi Ivy

As follows:
'Due to the effects of the Covid 19 pandemic, it has not been possible to reach agreement with one of the Company's preferred creditors, in the amount of approximately US$3.85 million. The Company intends to work towards the agreement of a payment plan with this creditor and, should it not be possible to reach a satisfactory agreement, the Company would seek an alternative source of financing for this liability or proceed with a sale of non-core assets or a combination of asset sales and alternative source of financing.'

Given that it is 7 months and you've heard nothing, I would suggest that an agreement has been reached with the creditor.

Have you tried asking Tim Sanford via email?
Atb.
Blue_square

Clearly someone who can spot value....

Hi Steve
're Cornish.
Cornish has previously advised on the likely lower income levels. have a quick look through his posts.
As i understand it RMM can't use the material cleared from the fall as the ore is mixed ( contaminated) with lower quality ore . which will be fine when the ore sorter is in place. another stope has been opened but it is at a lower grade. two should be open by the end of June. 4 plus development stops by the year end. Rambler appear to havce been set back by 8 - 10 weeks on their plan. as we know , sh*t happens. I read it that they will still hit the 1350 target year end, but the lost time will not be made up.
the risk of a single stope mine.... Rambler were never going to answer any questions on financial matters, that would be 'dynamite' and would need an RNS notice. Members on the Rambler Divergent group have had communication from Tim Sanford which is encouraging. he has been given grief that the 'fallen ground wasn't communicated in a more timely manner, rather than so much later . I still believe they will come good and the sell off overdone. We should remember that shares in Apple have retraced 40%plus in the past. It happens to the best. good luck with your investments.

KnowO
How come no one seems to listen, understand and learn.
I expect you will have to repeat yourself many more times......

Hi Spero - Perhaps I misunderstood.

No you haven't.

Its just Monkey business......

Ramble on.

Or any update....

eg Stope 1 clear and fully working
Stope 2 on track and will be operational June 26th
Stope 3 on track ........ etc, etc

Cornish
Does LD/WB have a similar gold content to Ming?

Invest1
As you've said;
" A company which has billions in reserves is only valued at around £43m holding a 100% interest, Little debt currently, a good BoD and two further mines with reserves. Where's the catch..."
IMO, There isn't one - at this price, fill your boots. DYOR.

JooJoo
'251,000 @ £1300.00 per oz comes in at £324,000,000 just over $US 450,000,000.'
And in 12 months time, its likely to be worth even more, IMO, shows what a bargain share this is. DYOR Ramble on.

A list of questions from shareholders with responses from the Company will be published shortly on the website at http://www.ramblermines.com.

Hi Evans

Unlikely, I thought financing would have to be announced via an RNS notification.

The AGM likely to be standard stuff - looking back. But the Q&A afterwards could be more illuminating, I know Cornish has asked relevant questions that he has been told will be answered.

gla. Ramble on.

Hi Furry

You say that;

' previous consolidations I’ve been involved in never turned out well.' - over what time frame, 1 hour, 1 day 1 week? Have you read, and understand, the history of Rambler and the reason for the consolidation?

'my choice to sell as have many others at this point, a 3 to 1 ratio at present' - not sure what your point is as surely for every share to be sold there has to be someone buying that share. There may be 3 selling to 1 buying but clearly that 1 must be a bigger, wiser investor?

'If the share price remains stable I will probably buy back in' - why? If you think it is worth investing in Rambler, and you've presumably done your research, then you'll know its worth over the next 1 - 5 years, not the next 1 - 5 weeks. You yourself say in other postings you wish you'd held and not bought back in.

'Sarcasm is deemed the lowest form of wit, so there are a few witless wonders on here' - haven't actually noticed much sarcasm, more ridicule and disbelief.

Good luck with your Boo and Menzies et al.

Ramble on.

Furry

As the Jam.

This is consolidation of the existing stock, the company value remains the same (at that point) and your % ownership remains the same. The share price is amended immediately to reflect the new number of shares in existence ie the value increases by the % reduction of shares in existence.

If the price drops that is purely down to the market sentiment and nothing to do with the actual act of consolidation.

This is not a dilution of shares.

ATB, sorry to see you go. Mind the door on the way out...

Ramble on.