George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Consolidation changes the SP. not the market Cap. The value of the company will be reflected in the market Cap. therefore, consolidation is being carried out to allow for a greater range of investors and is in the best interests of the company.
“The updated resource estimate includes 24.143 million tonnes of Measured and Indicated Resources grading 1.69% copper and 0.32 grammes per tonne ("g/t") gold, containing 900 million pounds (408,199 tonnes) of copper and 251 thousand ounces of gold at 1% copper cut-off. This represents a 6% increase in contained copper and 5% increase in contained gold relative to the previous resource estimate declared in 2017, after mining depletion.“
“Including the Massive Sulphide deposits, at a 1.5% copper cut-off, the entire measured and indicated mineral resource estimate consists of 11.581 million tonnes of material grading 2.21% copper and 0.49 grammes per tonne gold, containing 565 million pounds of copper and 181 thousand ounces of gold. This material will form the basis of a new NI43-101 compliant life of mine (LOM) plan for the Ming Mine that is planned for completion in 2022, building on the drill data from the 2021 program.“
Wow. Now that’s exciting! For comparison, Pere’s Minto Mine reported grades of 1.29 & 1.49 to which they own 11% of the mine and proceeded to rise 100% intraday.
"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."
My largest holding by far and how could it not be? The fundamentals here are impeccable, particularly the quality of the assets. The Mere 40.0m mcap is nothing short of trivial.
“UK energy market regulator Ofgem has announced plans to invest £300m ($435.1m) in more than 200 low-carbon projects to aid the nation's push towards net-zero emissions.“
“The regulator said the move to "rewire Britain" will get the UK ready for more electric transport and heat”
“The new infrastructure investments will include 1,800 new ultra-rapid charging points at motorway service areas, which would triple the current network. Another 1,750 charge points will be built in towns and cities. “
“Ofgem's £300m announcement is part of a broader investment programme, with £40bn already confirmed and more to follow in 2022.”
Just gives an insight into what will start to become the normal across the world. To which copper has an enormous part to play. Future looks bright here. GLA.
Personally not interested in squiggly lines. Interested in how much copper we can get out the ground and how much we will sell it for.
Some good news with regard to short term financing and the SP could almost double given how it’s moved recently. GLA.
This has dropped from 0.63 to 0.36 because of a minor delay and a need to plug a short term funding gap, all the recent positive news has not been touched on. After the RNS I was expecting some short term weakness, but this really takes the biscuit. Considering we raised £25.0m recently, the current mcap stands at £39.0m.
If we receive an update on a solution to the short term funding and it isn’t in the form of a placing, this should move backup at least 70% instantly, back to the 0.60 range.
If it is in the form of a placing the long term prospects remain relatively unchanged, though short term placing shares will need to be flipped.
Interesting to see what decision it made, no doubt it’ll be in the best interests of the company moving forward.
Took another chunk. Will continue doing so whilst this stays all the way down here. GLA
Yep exactly. Baffled.
Importantly, the fact the SP reversed 10% today because someone decided to sell some shares a while back shows why being influenced by daily fluctuations in SP is really silly.
That massive dump of shares on the day of RNS gives indication into why it was and remains so oversold. At the time I was unimpressed which such an unrealistic fall in SP. However, given that I have been able to double my holding around the 0.40 mark it may not have been a bad thing. Each to their own, but I’m confident I’ll be handing my shares back to the market in several years time for significantly more than I bought them for. For that to be achieved Toby just needs to get the mine working back to a reasonable level and copper needs to remain above $3.50. Meanwhile anything over and above this will just add to the bottom line. GLA.
Took another chunk happily give these back to the market at 67.50.
Like I say, could happen. Announcing it on the RNS makes me think unlikely. Further. The interest in other now very valuable assets Little deer/ Whalesback could suggest a JV. Lastly, international banking institutions often require consolidation prior to financing facility (as per VAST). I’m primed to add further whatever the outcome. Short term financing, very insignificant when looking at the bigger picture.
Good posts on here today. Just a shame they’re diluted by pointless ones.
After comparing fundamentals between PERE & RMM, made me realise how good an opportunity the current SP presents.
The derampers are stating the potential fundraising IS going to be a placing, I don’t think that’ll be the case but I’m prepared for one. Luckily thats the only ammunition they have.
Truth be told. If it does turn out to be asset backed financing, a JV or a short term loan. This will head back above 0.60 in an instant, those waiting on the sidelines will be clambering to get back in, paying a hefty premium . I’m certainly not willing to take that risk having added substantially this week. As 0.40 is an absolute snip, placing or not.
Whilst the Long term prospects continue to improve all the time. GLA.
As long as all are well aware of the below, that’s fine. Reducing stake of mine ownership from 33% to 11% when covid hit and copper crashed to $4000/t.
“In light of the potential cash needs of Minto in the current environment and the subsequent future financial commitments on Pembridge that this would impose, having undertaken a strategic review the Board of Pembridge has concluded it is in the best interests of the Company to seek an agreement with the US Investors, whereby Pembridge reduces its percentage ownership in Minto in exchange for removing certain future financial liabilities, thereby ensuring the financial stability of the Company.”
“The US Investors will subscribe for new Class B shares in Minto to a value of US$3 million so as to support the short-term financial needs of Minto, thereby ensuring its ability to continue to operate in the current challenging times. As a result of this investment into Minto by the US Investors, Pembridge's economic interest will be reduced from 33% to 11%.“
That PERE sold most of their holding in the Minto mine when copper prices were so low.
Prospects would have looked great otherwise, nevermind.
PERE rising 70% to £10,000,000mcap. They have around a 10% stake in a mine with a mine life which has increased from 4 to 8 years. At a grade of 1.46% Cu.
Rambler have the Ming mine 18 year mine life at approx 1.65% Cu grade. Little Deer/Whaleback 9.5 year mine life. Both 100% ownership.
Considering RMM raised £25,000,000 only recently to progress the mine development, current Mcap stands at a mere £40,000,000. Therefore, Assets and all previous years development valued at £15,000,000.
If RMM had a similar stake in the Ming mine as to what PERE have in the Minto mine it would be valued at around £1,000,000 mcap in relation to how both companies are currently valued.
Whilst PERE sold the majority of their stake in the Minto mine while copper prices were low, Rambler have maintained complete ownership of their property. As we know. With copper approaching $5.00 at the start of a bull run it’s the assets which hold significant value.
I believe over time should rambler turnaround the mine and have it achieving higher levels of production than every before (which Toby Bradbury has full confidence in doing so) we would be looking at a Mcap of around £250,000,000 / £300,000,000.
Value of known metals in the ground at fully owned sites stands at circa $2,500,000,000 at current Cu/Au prices. Inferred resources, including the hinted at ‘bonanza’ grades could take that figure substantially higher and impact similarly on the Mcap.
But obviously before those levels can be achieved there are short term hurdles to overcome. Such as this the short term funding requirement.
https://www.mining.com/bhp-braces-for-strike-at-chilean-copper-mines/
The future looks bright.
“Buy when there’s blood in the streets, even if it’s your own”.
Fundamentals are clearly very strong here, huge discount to placing, SP action just to relieve shares from the weaker hands.