Member Info for Dubbs99

If, after one day of the SP falling, people have started to worry about the Rambler transformation this year, it would be worth Reading Toby Bradbury’s words below (as included in the RNS of just 10 days ago):

“The effort to complete reinvestment and recovery to restore the Ming Mine to its designed 1,350 tpd of ore production should not be underestimated. From a standing start in the middle of December 2020, we expect it to take 9 to 12 months to achieve this recovery. There is complete confidence that all the issues can be addressed and the true potential of the Ming Mine will be realised."

The words ‘complete confidence’ are particularly reassuring.

All that is needed here for the MCAP and SP to reflect true value is patience.

Redorwhite - and from RMM's perspective - even if the copper price fell to $7,000 a tonne (and I doubt that) it would still be 4% higher than the assumed long-term average price used in the Company presentation.

Just means, before too long, we can have a £1 party instead of a 1p party!

Xenor - GGP did rise from c.2p to the 37p in the first place so after the retrace its still a 12 bagger for some in just 18 months!
For what it is worth I also expect GGP to rise to over 37p again in the future. RMM has just started on its transformation/rebirth - the production and exploration RNS's over time during this copper 'super-cycle' should provide the facts to underpin a market cap of least £200M.

I totally agree MJ-analyst, the results in 2020 are far better than I expected.

Tony Bradbury's statement below is all that is important now:

"The effort to complete reinvestment and recovery to restore the Ming Mine to its designed 1,350 tpd of ore production should not be underestimated. From a standing start in the middle of December 2020, we expect it to take 9 to 12 months to achieve this recovery. There is complete confidence that all the issues can be addressed and the true potential of the Ming Mine will be realised."

I love the terms 'complete confidence' and 'true potential...will be realised'.

As for the block admission and the warrants, as discussed last week they do represent a known and expected future increase in shares of c. 1 billion but will provide another £2M in cash for RMM. Fundamentally the company is trading at least 50% below its true value presently.

Copper price just broke $4.5. We are in the right company at the right time. Just patience needed now.

Next week.

Definitely, I certainly couldn't help myself!

The very impressive financials/profits forecast over 20 years in the company's presentation are based on a copper price of $2.9 for 2021 and an average of $3.0 over the full 20 years. Therefore, the current copper price is already 50% higher than forecast this year and 45% higher than the long term average forecast and the experts' estimate it going far higher still over at least the next 5 years. If copper really is the new oil, one can assume a much higher rate for the full 20 years!

Just in case any newbies haven’t read this statement from Toby Bradbury (CEO) on Feb 16th, well worth a read ahead of the next quarterly update due next week or the week after:

"This year is a transformation year for Rambler. In the past two months, we have made good progress with our turn-around plan. We have resumed development in the lowest levels of the mine with a mining fleet that continues to improve in availability. We have successfully increased the strength of our mining team with excellent recruits in management, supervision, training and operating. This enhanced capability has enabled us to re-evaluate the mine development strategy, internalising certain elements, with cost saving benefits.



"The first diamond drill rig is already in operation with the planned in-fill program underway. With proceeds from this financing, we will look to accelerate and extend the exploration spend in 2021, picking up on our exciting prospectivity and resource conversion potential.

So much exciting news to come!

Still rising. The stars are aligning.

https://www.ramblermines.com/files/rumble-ii-investor-presentation-october-2020-for-rns.pdf

Just keep reading that.

Fire ant, if the turnaround plan is implemented as planned, the 1350 tpd is achieved (and then grown) and the copper price remains over $3 then the company should be very profitable as is shown in the last company presentation. I have every faith in Toby Bradbury and his team achieving that and fully expect the copper price to be way higher than $3 for a fair few years. The history, I’m afraid, is irrelevant now.

Xenor, as ever, with a company with strong fundamentals (a profitable operating model) during a period where the commodity prices are favourable the big money will be made by the patient. The ducks are aligning for RMM so well, we just have to sit and wait.

Absolutely St-tropez, key today was moving on from the resistance at 0.5p. Another great day for RMM, 5% to 8% increases a day to get the re-rate of the SP to 'true value' as opposed to 20% up one day and 15% down the next is much more preferable.

Once we get past .57 and then .59, next resistance isn't until .88 according to Barchart UK.

Stopped looking down at .5p now and started looking up towards the 1p!

Absolutely Saint-tropez considering RMM already has 264,131 ounces of measured and inferred ounces of gold, worth £339.4M at today's price..

Totally agree with MU345.

The SP will test .5p again very soon..