Member Info for Dubbs99

Brilliant to have the financial uncertainty put to bed and to have contingent debt available. With the stopes being developed hopefully the new 1500 tpd target can be achieved within 6 months and then this will be a very profitable company.Patience is the key to make very good money here.

Broker, I agree. Since the 8th the overhang shares from the 20p placing are saleable ( in an orderly fashion so as not to disrupt the market). Some of those will be sold inevitability but purely for short term profit not because the company will not be valued much higher in the future.

I love this line used by the company in their staff recruitment adverts used most recently today:

Our Company has received substantial financial backing to set it on a new course for a long and prosperous future.

I’m looking forward to that long and prosperous future, the next few weeks and months are not of concern to long term investors.

https://www.kitco.com/commentaries/2021-05-25/Copper-con.html

Musey, I think we will see the 63p again and much higher once production levels of 1350 tpd are achieved and reported. That is the game changer for Rambler in my opinion. Sounds like the second stope is needed for that. Hopefully, that isn’t too far into the future now.

Nimrod, I don’t believe there was a unwarranted ‘ramping phase’ rather people became over optimistic and impatient for the mine to be brought back to its production capacity, myself included. I’ve bought in because of the excellent fundamentals, the funding acquired that derisks the mine upgrade stage and simply the present and forecast copper price. Very simply Rambler’s share price reflects the fact that the company has never been profitable hitherto and therefore never paid a dividend nor been in control of its own destiny. However, the opportunity to reverse that is now much more likely to be achieved than not. The new management, who are incentivised to succeed and raise the SP to at least £1.25 just need to get the mine back to its previous production level/capacity, with the copper price where it is to generate profits and very significant free cash flow. That aim has been delayed by 3 to 6 months and for that period more cash will need to be raised and that is very annoying and disappointing but it should be just a small set back and the good times are at last within the grasp of the company and shareholders will be rewarded if they can remain patient.

Good buying this morning, do you think 35p is the bottom as we await news?

Worth looking at the cash flow forecast in the October presentation, it may be delayed by 6 months but very large free cash flow before long and that is even before factoring in the copper price 50% increase since the presentation was produced.

Sorry - just seen they were dated 28th May!

Anyone think the SP has been marched down to facilitate the 2 very large buys shown after trading hours today?

Great to get the consolidation sorted. With production works/stopes progressing, the short term finance will be sorted out, even though production target will be lower this year (priced in to the SP) once that 1350 tpd production is achieved (TB totally confident of that) the SP will hit at least the £1 mark. My view is that will be Christmas this year latest. The profit targets for 2022 onwards should be great!

Thanks Aubery

Did TB say at the AGM when he expects the second stope to be completed?

We need the 'production improvement' works to be successfully completed and then the SP will fly but that will take a few months. I for one am happy to wait as on AIM you never know when the take-off could start.

It just tells us what we already now really plus another 6% copper and 5% gold. Rambler owns billions pounds worth of copper and gold but we are valued at a pittance. To realise true value Toby and the team need to prove they can effectively extract that copper/gold. Toby has told us that he has ‘full confidence’ that he will achieve that goal by the year end at the latest. That will be one hell of a RNS when that comes. At this time Toby just simply seems to remind the world of the enormous value and potential RMM has, maybe just a sweetener ahead of the AGM?

stu - The net asset worth of RMM as per the last set of accounts was £67M and of course that does not include the c. £3 billion of indicated and inferred reserves underground..

Absolutely, accumulate and wait. Full production by year end, happy days.

I don't believe it was a pump and dump, just an over leveraged position for the short-term. Holding 67m is still pretty significant.

Cornish, therefore investors would be better off buying RMM (Ming Mine) for a mere $100 million wouldn't they? Showing again why the current MCAP valuation is so far too low.

Thanks Musey and on your very rational analysis, raising a small number of millions of pounds now in order to develop the business from a Mcap of £45M to at least £250M in a commodities super cycle would seem like a very good investment and very likely to happen wouldn’t it?

Just patience needed. Personally, I’m hoping and expecting for great return here by Christmas at the latest and then preferably I’d like to hold until 2025-2027 if my financial situation will allow.