Some observations5 Apr 2022 10:25
I'm no miner but I have been invested here for well over a year and Rambler , by some distance, my largest investment.
Q1 2022 results have been long awaited and much discussed, the overall consensus, not just from blagger but many other seasoned and much more considered investors was that the results, when they landed, would "power us in to the 40p's".
Those results, very clearly have not, we're back in the 20's.
K2, amongst others, have clearly "got wind" of the latest clustf**k in our production, you clearly can't keep halved production a secret for weeks on end, and have decided enough is enough. Who can blame them?
Again I'm no miner, but how on earth does something that is going to halve your production for a month find it's way into the crusher? Human error? Lack of training? P*sspoor management? An earlier poster suggested that a simple screen would stop the problem happening again, so wtf wasn't that screen in place originally? I've no idea but once again, Rambler are back in the "unlucky" club.
Then again, not being a miner still a caveat, 4 weeks (and counting) to find the parts to fix your unlucky damage and 4 weeks to find some sort of kit to help you in the meantime does seem like a very long time when you're production is limping along at 50%.
Welcome to RMM the unluckiest and most frustrating to own share on the aim casino.
On the upside, 2022 guidance has been maintained (although we are clearly on the back foot already & any further disruption would make this seriously difficult to achieve), 1350tpd is apparently achievable and the resource is still there.
I am still, and will continue to be, heavily invested because I believe the resource will, eventually, out trump mismanagement. It's just taking so much longer than I, and many others, believed it would.
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