The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I'm only really a newb at this.
What does that mean?
Maybe not today but I'm happy to wait out the daily gains.
Not enough people check the constant risers.
Too many rainbow chasers out there.
Missing all the good stuff.
Good luck everyone.
Anyone tired of lossing money on rms.
This one's ready to pop.
About 5 trades moved the bid up.
Afternoon all, nice little tick up there.
Looking forward to watching this hit Zak's target.
What was it 8p?
Fantastic.
People will cotton on soon enough this is an easy double.
Morning peeps.
Sure as heck looks like this gapped up.
Im really looking forward to a stellar day today.
Hope it's as good for everyone involved in RMS.
Massive nyct sell off this morning.
Let's hope some of that ends up here.
There was a trade from Friday going through.
It should be fine now.
Mr Mir stated this may reach 1.1 in a few weeks.
I guess we are on the fast track.
Welcome all, especially the ufo crew.
We are all very happy youre here.
Just a few buys pushed the sp up.
Those sells didn't push it down.
It's getting ready now.
This mines a producer not an explorer.
No chasing rainbows here.
Good old recovery play.
Price of coppers rising.
"Acting like gold"
I'll post the link in a bit.
Good morning all today is looking like a blue day.
This is being ramped on twitter already. People know a bargain when they see one.
Once this placing is done it's onwards and upwards.
Toby Bradbury, President and CEO, Rambler Metals & Mining commented:
"During this COVID-19 pandemic we have continued our commitment to maintaining the safety and health of our staff and all stakeholders and their respective families and confirm that we have experienced no incidence of the coronavirus at the mine or in the community and its prevalence in Newfoundland is very low with effective measures taken at the Provincial and Federal level.
Notwithstanding, the impact of the pandemic has been significant. We are now, however, in a position to scale operations up to the full capacity utilisation that has been achieved previously and we have the opportunity to progressively target an increased feed grade based on an updated resource model and the developed state of the mine. Beyond this, we have a series of expansion options which will see us grow beyond our current capacity, which we will implement in the next 12-18 months. A key to our success is accelerating mine development and we will effectively double our development capacity by making use of contractors. On the Exploration front, we have exciting targets to extend the mine life, building on the significant success of the 2019 program.
As we announce these results, we also announce the financing package that will enable us to deliver on these plans and the Company will benefit from the recovered and robust copper market.
I would once again like to thank the support and patience of our suppliers through what has been a challenging period.
We look forward to moving forward and crystallising our improving performance into positive cashflow later in 2021 and from which all of our stakeholders will benefit."
* Assays pertaining to gold grades, gold recoveries, and gold saleable figures for Q2 and year-to-date (YTD) 2020 in this report have been delayed and are currently updated on a provisional basis. Actual results will be updated and released upon receipt of assays.
so they have a new director mr toby bradbury, who specialises in company turn-arounds.
they haven't released information on gold production as of yet.
and this placing is to finance doubling the production of their mines.
production was down this year for the obvious reason.
is there anything ive missed?
Just narrowed the spread again to encourage some buying.
0.35 lowest paid.
On the rise already.
It should close at less than a 50% loss.
I love the fallers board.
Of bzt about 6 weeks ago when they had a placing at 0.08
I sold at .16 thinking I'd done well.
The Moral is.
Buy in the dips like during placings
And hold for gold.
I don't expect rambler to hit bzt gains but I think there's an easy upside to a half price share.
Back to 1p for starters.