Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Copper heading back up sharply today +2.60% @ $4.34/lb.
Personally. Anything above $4.00/lb as we move closer to being unhedged will be brilliant.
Last time RMM was sub 30.00 copper was at $3.00/lb and we have also had at least 6 months turnaround progress. Make of that what you will.
We all know how fast sentiment and SP can change with small caps. GLA.
Similar small cap companies in the mining sector such as Kodal. +1000% in less than 12 months. Would be naive to think something similar couldn’t happen here, especially at this mcap.
Regardless of charts etc. What we do know is in the last 12 months the company have raised C£25,000,000.
The current mcap stands at £30,000,000.
Whilst the copper price has doubled since last year.
We have 3 fully owned excellent assets, one of which is a already producing. Understandably there is a funding shortfall which may be rectified in numerous ways. However once dealt with hard to see what’ll stop this moving through the gears.
Sometimes you look at a chart and wonder how on earth was it ever allowed to go so low...
Copper moving back towards the $4.30 mark. Excellent margins for perhaps Q4 and 2022 onwards.
Will be happy to sit back and watch this one grow. Once 3-4 stopes are open at the end of the year and rambler are selling unhedged no reason this won’t be a £100m + mcap. Without considering Little Deer/Whalesback assets. GLA.
Nice, I’ve been able to add heavily at this low SP also.
Interesting, whilst those look at charts working out if it’ll go to 28p or 32p next etc I’m deciding whether or not i’ll slice at £1.25. GLA.
Simply;
1) will the world need more copper?
“Demand for copper is growing. It is expected to jump by as much as 50 percent over the next 20 years alone, and this growth is part of a wider trend.”
Future Global copper supply?
“In terms of copper supply, two aspects that are also hindering supply are the lower grade and deeper deposits as well as market appetite and availability of projects, Stifel Financial analysts said.”
2) Do Rambler have high quantities of high grade Copper?
"It is encouraging to note that the overall high-grade copper Measured and Indicated resource endowment of the Ming Mine remains over 405,000 tonnes of copper, with an additional 95,000 tonnes of copper in the Inferred category.”
“All zones of mineralisation remain open at depth and we are pursuing well identified targets with a commitment to the proper development and exploration of the mine.”
3) Will Rambler get the copper out the ground?
“Despite the set-back in ore production in this first quarter and into April, we remain confident that we will return to full production capacity by end of year 2021 with a more flexible and robust production schedule. “
“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."
Investors will look back in a few years at this dip and wonder what they missed out on. At a mere £30.0m mcap the risk is minimal whilst the upside potential remains tremendous. GLA.
I agree, having also not sold a single share but have more than tripled my holding on this recent overdone SP fall.
It was clear 2021 wasn’t going to be simple, however, what’s excellent to see is the BOD are not just patching over the cracks they’re completely re-developing the mine, which over the long term future will be game changing. As well as decisions to for example finance equipment saving C$587,000 per year going forward.
Then you have future copper demand which is set to soar amid a global push toward carbon zero. Global economy’s are barely up and running after Covid and China are already starting to release precious metals from their reserves in an attempt to put a lid on spot prices “copper is expected to dominate the surge in demand for battery metals by volume over the coming decades”. Whilst a deficit is expected over the next several years due to inadequate supply.
As we know "The Ming Mine remains a world-class resource in a first-rate jurisdiction with potential to be further expanded. This mine, together with the Little Deer and Whalesback properties provide an exciting long-life mining platform for Rambler." Not to mention some bonanza grades.. 20.0m @ 15.0% Cu / 70.0m @ 9.0% Cu etc.
The only reason you can buy at these levels is because there is a need for some short term funding and the wait has left uncertainty. If a favourable deal is struck I expect a swift reversal beyond the recent 63p high with further turnaround progress being made. But over the long term anticipating multiples of that.
Special thanks to the fearmongers, panic sellers, derampers etc. Never thought I’d have this buying opportunity again.
Yeah exactly Regulator, suggest everyone sells at this all time low share price whilst the world struggles to put a lid on copper prices, who knows where it’ll go when global demand starts to ramp up exponentially on the push to carbon zero. Whilst rambler continue the turnaround with 3-4 stopes to be workable by year end, amid an unhedged selling position.
But like regulator says the market is trapping hope to crush us and stuff so yeah great selling opp. smh.
Why has this started rising, I haven’t finished buying yet!
DJG, any chance you could spread some more fear. I’ve enjoyed hoovering up shares at these silly prices.
Market cap 30.0m
Recently raised 25.0m
The market cap was twice as much when copper was half the value it is today. That was before we removed debt and re-structured the financing of the company. Phenomenal.
For the derampers when I hand my shares back to the market at multiples of this SP in several years time.
Buy the fear, sell the greed. GLA.
The turnaround continues. Looking forward to both Q4 2021 and onwards where copper will be sold unhedged, whilst development plans continue to be progressed as we move towards optimal production.
Little has changed since it was at 63p, short term delay will be very minimal over the longer term. If the shares returned to that tomorrow I wouldn’t have any interest in selling, longer term value is in far excess of double figures.
As the world turns to copper for carbon zero, mines with existing infrastructure and located in safe jurisdictions will be priceless. 2021 was always going to be a hurdle, but once overcome Rambler will be on course for a highly prosperous future backed by the rising copper price amongst numerous green energy plans around the world.
"The Ming Mine remains a world-class resource in a first-rate jurisdiction with potential to be further expanded. This mine, together with the Little Deer and Whalesback properties provide an exciting long-life mining platform for Rambler."
“so really their not every day edging closer to full production“
“The impact is expected to be confined to 2021 as the mine is developed, and full mill capacity utilisation is anticipated through 2022 with the added benefit of the introduction of ore sorting in 2022.“
They’re edging closer to full production every day. As a LTH I’m more optimistic now than when the SP was 63p. Have also been able to add substantially recently, so very pleased.
Nimrod. I have been invested in REAT where the share price has moved from 0.2 to 3.7. In that time the chief executive officer has bought 0.03% of the company for £4,000. 2,200% increase. So calling an initial £50,000 purchase here, obligatory, is just silly.
Investors who let the share price rule their thinking simply don’t stand a chance. I have a fairly substantial holding here, but happy to see it fall so I can add, because I’m very confident over the coming years my investment will be multiples of that today. The SP is nothing but an opportunity to increase your stake at these levels.
The copper price which is set to soar as the world goes carbon zero is going to be the driving force for rambler.
In a years time nimrod will be clambering over DJD to buy on the spike as they wonder why they didn’t buy a producing copper mine at the start of a commodity bull run. If these folk had dynamite for a brain they couldn’t blow their cap off.
Thanks market. I’ll continue building my position. GLA.
SP has dropped from 63p once it was announced further short term funding was required. If no placing, you'd expect a swift return to that. Maybe higher incorporating the further mine development on approach to 2022. GLA.
I second. That comment is nothing short of embarrassing. I dare say you haven’t got the slightest knowledge of the fundamentals, otherwise I wouldn’t be reading such drabble.
Some Embarrassing comments on here. Hardly a shock the standard PI expected new management to come in and spin this around in 6 months...
They’ll continually forecast a lower SP whilst the turnaround is ongoing, then wait until everything is back on track and buy in for at a nice hefty premium.
Interesting how regulator bought at 58. Now thinks 20 will occur. Because of the need for some short term financing. Laughable.
I took more this morning and will continue adding for the remainder of the year. Exceptional value available here. Busy setting up a position for 2022 onwards.
The short term could be significant if they’re able to leverage their assets for the short term funding gap. Would see a rise straight back to mid 60s at least. GLA.
Yeah similar here. Short term target £1.25. Early 2022.
Long term target approx £300m mcap. Very achievable should copper continue its surge.
https://www.mining.com/copper-price-tops-10000-a-tonne-again-on-chile-strike/