George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
All moving in the right direction and starting to produce substantial amounts, bodes very well for the future. We need to see the financials now. I am expecting a decent profit this year and excellent forward projections. The company is massively undervalued.
I totally agree Bedhead, TB is looking to increase daily production to 2000 tonnes per day (as we near 1350 tpd sustainably now) through the purchase and implementation of an ore sorter.
The progress to date, the focus on grade improvement and more efficient operations and the future opportunity for 50% growth using an ore sorter makes for a huge potential upside for those who can wait. A few months now of good production figures will prove the positive trajectory and the SP should re-rate, this is not a pump and dump story.
Great progress and significant evidence that the turnaround is very nearly there. The strengthening of the management team in all of the right areas is hugely important. The focus on the grades is the next and final step in many ways to hit the annual production target. Great to see the comments about improving efficiency of the operations to.
I loved these two sentences from TB: "The composition of our senior leadership team now has the suite of skills and competencies that we need to take the Company forward. I have immense confidence in what we will achieve."
Good things come to those who wait.
Cheers Strummer - I totally agree.
Strummer, I do agree with you but I took a similar stance with EMED that became ATYM and after about 2 years I sold out and lo and behold they finally delivered about 6 months later and that hurt!
I certainly want and now expect Rambler to be hitting 1350 tpd production consistently by Q3.
AIM is all about start-ups or turnarounds. As we know there are many failures, some due to market conditions, some because of a lack of financing, some because of poor or even fraudulent leadership and some because of a mixture of all 3. What makes Rambler a stand out investment opportunity now is the copper market is strong and likely to strengthen, financing has been sorted (just and in the nick of time!) and most importantly the leadership is now strong and very professional.
We now have an experienced CFO and so very importantly a CEO, Toby Bradbury, who knows how to turn a mine and a business around and has done it before (Shanta Gold). He clearly saw what needed to be done at Rambler and despite Covid delaying the process he has built a team and a plan to ensure Rambler has a ‘long and prosperous future’. I have every confidence that he will achieve that and we will see the evidence of that, more and more, over the coming months. It may not be April or May results (hopefully it will be) but it won’t be long now. Patience is key once the market, financing and leadership is sorted.
It seems to me that Rambler has moved from 1 step forwards and 2 back to 2 steps forward and 1 back! There are still challenges to overcome but the business is moving forward and the future looks very bright. Hopefully, It won't be long now before we receive RNSs that simply state much improved production figures and no news about mechanical failures, stope collapses etc because the risk mitigation measures are being significantly strengthened.
0.4% of the company's shares were sold today and almost exactly the same were bought - does that logically warrant a reduction of c. 6% in its mcap? Of course not. Rambler's time will come, the company is now in the best state it has ever been and has the greatest opportunity to thrive over the short, medium and long term that it has ever had.
The RNSs have been clear enough over recent months. We were told more financing would be needed. I had expected/hoped it would have raised at 30p but hey-ho those in the know are always greedy. The operational update is very encouraging and the last parts of the jigsaw are finally being put in place. I look forward to very boring and standard monthly and quarterly updates now proving that more than double of last year’s saleable copper is being produced and sold for a third higher price. The long-term prospects remain excellent.
Of course the delays are frustrating but simply the RNS is hugely encouraging. We have moved from being years and then months away from where we want to be to being just weeks away. 2022 will be a great year for the company and despite all the challenges including COVID the mine transformation is almost complete. The resources look better all the time, the copper price remains good and likely to improve further and the operational risks are being mitigated better than ever. Toby and the team have worked on the foundations of the company and sorted them. They know that the future forecasts will look better than ever, so in my view, there has never been a better time to invest in RMM.
It is disappointing to see the SP at a level last seen in March 2021 when we should be on the cusp of great news from both Canada and Australia. I hope it is simply due to some holders losing patience (I do believe Darren said he was expecting the assay results pre-Xmas) and/or placement /warrant holders profit-taking. Fingers crossed for some upward momentum in the SP soon!
It would be great to see the Rambler SP start 2022 in the 40s and never see it lower ever again! Big year and future coming.
Must be pretty brave to open a short on a producing copper and gold mine at the moment!
Everything is aligning (at last!) for 2022 being a fantastic year for Rambler. Toby has sorted the company out, starting with the foundations and that has been needed for sometime.
Does anyone truly believe the share price will not reach 40p plus in the first quarter next year (probably January)? £1 plus is definitely a possibility within 18 months as the company achieves better and better quarterly production numbers and the copper price continues to rise.
Best wishes to all Ramblers!
Absolutely right Malvern, thanks. The price of copper has held up really well this year and likely to do even better in 2022. Rambler has never been in a better position to sustainably produce 1350 tonnes per day. Once it is the company will have been transformed and become very profitable. Simple as.