Member Info for kempey

They bought to a formulae which hasn't worked out for them yet. It will do in due course. All the signs are there of a Tier 1 world class deposit which will pay dividends (excuse the pun) in due course....within 5 years but we should see solid movement within two years. The move from 20p to 38p was IMO well over bought. We should see solid, sustainable moves upwards after the next set of results and the PFS.

Agreed Topturf ...... I also think negotiations are ongoing. The strategy and course the management is taking is just what I would expect a competent, experienced CE) and BOD's to take.

I'm not a fan of consolidation either but in this case it makes sense. Where l've experienced it before the company has been struggling financially, struggling to get their asset to market or been badly managed. The share has been been constantly diluted through placings to the point that its almost worthless. This is not the case with Rambler, they have sorted out the main financial problem, they have the asset in abundance in an ascending market, they are getting the product to market for which there is great demand and although forward sold at lower prices the next sales should be at a much higher price.. Consolidation here should not mean a drop in share price. 0.40p should stay at 40p or thereabouts. There is no reason to fall much lower apart from market sentiment and this will only come from the PI's who are risk adverse or who bought in expecting a quick rise. This was never going to happen given they have to bring the mine back into action. As soon as they do this share will move solidly forward in my opinion. IMO todays RNS was very encouraging and reassuring as to the asset we have and the quality of the management team to develop that asset.

Shame the word depletion has negative connotations but in mining it simply means 'that which has been mined or extracted'. 1 oz of 1m oz of gold mined means a depletion of 1 oz. Not sure why they really need to use the term at this stage. Better saved for when 50% is depleted or has been mined leaving 50% reserves.

Mike...I guess they're hedging their bets as they can't guarantee the current prices will be maintained. All the economic evidence and forecasting says not only will they be maintained but they will increase. Very encouraging!

Long term metal prices used were USD$2.99 per pound copper, USD$1300 per ounce gold and USD$17.00 per ounce silver with a long-term USD/CDN FX rate of 1:0.80. Very conservative prices!!! A very encouraging RNS!!

Interesting comments and already in Labrador, Canada so must be aware of Rambler. Rambler is probably the right size as well and currently 'cheap as chips'. I'd be surprised if they weren't having a look.

What about annual operational expenditure?

4 of them dropped to 20.60 immediately. Co-incidence probably but interesting pattern of buys and sells. The share is meeting great resistance at 21.50. Hopefully break that soon.

Just listened to the presentation. Interesting answer to the question about M & A's. Said NC's balance sheet was strong and that if the situation right & in their interest then he wouldn't rule it out. Having said that he said they stand by agreements. Liked the way he talked about the potential of Havieron ...possible Tier one or if not high Tier two. I got the feeling he was playing down the potential although he did speak about Havieron a number of times and did seem quite excited about its uniqueness and NC's ability to bring different mining techniques to the three different types of deposit. I think it will feature more and more in his presentations as the MRE grows.

Letter from my bank says;

' subject to shareholder approval at the AGM to be held on 26th May 2021 the company is proposing to consolidate its shares'

1 new ordinary share for every 100 ordinary shares held. Much better arrangement than the 10 billion plus in issue.

Good to see they are on track to deliver the PFS. Excellent update. Should star t to see a sustained rise with all the news to come.

Thanks for putting this up Lowtide. Very interesting article but tends to look at historical issues and the impact of banking decisions.. Does not address the fact that we are moving into a new era of electrifying vehicles and there will be a major shortage of copper causing a massive hike in price. I don't think banks will be able to control the price unless vast new mineral reserves are found.

'Consolidation = Good for everyone. In this case.'

Glad you said in this case! My experience of consolidation is not that positive especially with Solo oil (other factors in play though) but in this case I think it will be in that we have two valuable minerals to sell, a turn around management team, the finance to turn it around and with consolidation will be gaining exposure to larger investors who would never touch such a low valued company as it is at present.

I'm very confident and so just took another 259,000 to round up another million and got them at 0.555.

Agree very fair terms! Expecting it to be at least x3 of 25p by 2026

Northern Star used a placing to buy into a Newmont asset in Nov 19. Discount at 6.7% to price at the time. I would like to think that existing shareholders get the opportunity to take part if that is the case here.

SD used to working with them. I also think a placing is on the cards to fund drilling of one or more of GGPs other assets.

'Or more concern is what it would potentially say about GGP. If GGP is the huge opportunity we have all talked about (and it does still seem to be) why would it have been deemed necessary for GH to bolster confidence in this way?'

IMO Gervaise wasn't bolstering confidence but simply buying half a million shares in a company that is going to give him a big return. As far as I can see at 11.46am this morning he still held 74.5m shares. Is there information (genuine) to the contrary? I'm amazed he hasn't been selling unless he has an alternative source of income given he is no longer our CEO.

I can't figure out the reasoning either unless SD just wanted to get his first presentation out to set the Greatland scene prior to tonights report from NC. I would expect another RNS tomorrow or Friday to acknowledge the progress that has been made and outlined by NC. No need for this to be in presentation format though.

Page... thanks for putting that link on. An interesting read. The President got it spot on when she says ' bureaucracy and delays' in terms of licences, work permits etc. I've been in Aminex for years and have a sizeable holding but had almost lost faith, not in the company but in the Tanzanian Government who seemed incapable of managing in anytime frame the development of their economic potential. Lets hope President Samia changes the climate for companies such as Aminex. I live in hope!!