focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Maybe my Username was right all along….
I would just like to clarify. Whilst yes, the OVERSPEND of the development (most likely caused by delays) is above the forecast…. The High Cash burn is high because they are developing the mine.
If you raise money to develop something, the chances are you are going to spend that money developing it..
I worked it out at a similar P/E - 5.5. I think this is fairly valued for where it now, however excludes any uplift form surrounding areas or bi-products. I based my figures on the Anthony Viljeons Crux Investor Video (YT), production plan and latest results.
Tantalum appears to be delayed or falling out of focus, as ATM is focusing on Lithium at the moment. My concern here is I do not believe there is Global shortage of lithium, we have enough,… just not enough now. At current prices / exploration, lofty prices will slowly come back to earth. Hopefully they can rake in enough cash now to expand and get the Pilot Plant into a very efficient place for P2 expansion.
I am able to rationalise the current valuation, however, have been adding to my position here because it is a producing tin mine in a fair / good jurisdiction with huge potential in surrounding areas and within existing resource.
“ In the lower mine, stope drilling in the LFZ is expected to commence at the end of the month following completion of the 2nd egress. Once in place, the ore production cycle will commence in LFZ 760/735 levels and UFZ 790/ 770 levels”
“ Stope drilling often is not as efficient as it might be; actual drilling time commonly occupies but 2½ to 3½ hours during an 8-hour shift, even when much more drilling could be done if there were time for it.”
I read that as the start of production process..
Latest RNS did not update re: covid. Still in limbo.
However it mentioned 2nd stope would be operational by end of January AFTER 2nd egress work is completed.
So according to that. Work should be completed.
Is that before or after parking attendants?
February is here… let’s hope that 02/2022 is the month RMM get their **** together and start delivering on the potential they have.
Another positive RNS.... More than covers the 14 months delay with the confirmation of the amount of Copper.
Resource keeps getting bigger. Market will wake up soon.
@micru. That’s not the case. People already isolating will be allowed out after 7 days.
Remember a lot of the funds were released were used to repay existing debt.
However they did take $5m in December. So unless they increased cash burn from roughly $2.2m a month (judging this from equity raises when waiting for finance) to $5m they will not be raising via equity…. Complete overreaction with negativity fuelled by traders for a quick buck.
This relates to the Tranche of the funds being issued that was voted on on the 23rd.
Some blue sky thinking… but I wonder if holding the market over £50m at the start of 2022 will put it on more investors and institutions screeners, at a time they are likely to be resetting and retweaking watchlists.
Additionally, seen multiple mining ETFs having rules about holdings in companies with negative cashflow.
Wonder if these will have an effect in 2022.
Just to confirm Monkey. TB confirmed that the Riverfort Loan is completely closed.
I assume you will be correcting your statement and possibly changing your sentiment on the stock as you and your understanding have been proven to be incorrect?
10 Posts on the board today... All negative... very few "ducts"... Someone is getting desperate.
“The recent rises looks like a pump and dump”
The recent rise has ruined your Christmas with that short position you hold.
I don’t mind contrarian views, but blatantly misrepresenting facts as you did with the CLNs and multiple other times throughout the last few weeks is just wrong.
Phew! Was worried it would be all those parking attendants.
Hi Moon, I have read with interest your posts over the last month. You appear to identify risks where few else could even perceive them a possibility.
I was wondering, which of the risk your have alluded to in December alone poses the greatest risk to Rambler in 2022?
1) Global Average Temperatures to increase by 30 degrees, pushing the temperature at the Ming Mine to 45 degrees. RMM to increase heating bills in response.
2) Increasing Drone activity noted at “Moon HQ” around the Ming Mine. Drones hitting the power lines now likely, cutting power to the Ming Mine delaying their production targets
3) “Inspector Morose” cutting power to the Ming Mine
4) RMM to recruit 300 parking attendants at a cost of $33,000 (£10m a year, accounting for 1/3 of total production costs) to park the 48 employees of the mine.
5) Fed Tampering causing Earthquakes in Canada.
6) Moon HQ have “transparent see vision” for RMM and will be speaking on new microphone at next meeting so moon HQ can boost Toby brad confidence.
I feel number 6 is the biggest risk personally, but would be interested in your thoughts.
MR
Well put! Not to mention they are sat on a mine with more copper in than we expected.
Completely agree. Safety is very important and IIs and any potential purchaser see value in it.
People more concerned about a 4 week delay than the huge increase in resource. Short sighted.
Interesting… The contributer who has been openly discussing his short position on the stock is wanting me to sell the stock…. I wonder if his post is impartial or perhaps has some hidden agenda?
I would also say that it read a bit like someone offering some financial advice.
I get peoples opinions which they should be able to (and I am glad they do) discuss. But constantly harping on about it for 7 days, not letting it leave the front page of the comment section does make me wonder the underlying incentives.