Member Info for pedro57

Hi Strummer, I would join the RIG group. I was sceptical at first, but it has been a well organised venture that has been putting pressure on the company and others. I think it will also help with justified legal action down the road and getting voting organised in any shareholder votes.

In case not a member already and interested there is an excellent investor group to join, where small shareholders have joined together to engage (and put pressure) on RMM. This is now of a decent enough size to keep management focused on pursuing shareholder friendly solutions to the issues. In my view this is important as the whole current situation seems rather engineered to me. Please respond if you are interested in joining and somebody can supply the Discord link and details what to do to join. It is a good effort and well worth participating in this investor group!

I think this calculation is too bullish. At their 1H results on 26 Sep they stated: "We project our C1 cost at the end of 2022 to be in the range of $2.70-2.80/lb". Interestingly in the RNS on Wed we did not get a C1 guidance or reiteration of this (might not be an issue but still worth noting). Using the C1 guidance at $2.8/lb and a copper price of $4.2/lb for 2023 and assumed 7,000t production you would get to an implied $21.5m of cash generation in 2023. If we reflect administrative costs (C2) of ~$5m this goes to $16.5m. This would imply ~$1.38m of cash per month or $4.1m per quarter. This could be used for development capex and dealing with working capital issues. I think RMM is on much sounder footing, but would prefer some aggressive hedging at this level. There are also big question marks on communication of the group (again apparent in RNS this week) and how it was possible to drive the company against the wall in the way that has happened.

Hi all, I remember reading earlier in the week that a PI group had been formed and had even been in contact with RMM management. Can you please share the details on how to join? I own just under 0.2% of the group and guess every little bit helps. I am concerned about past communication and strategy of the company, particularly now where copper prices are pushing back to $4 per pound where RMM (even before cost cutting) becomes a very viable business. There are many options management can pursue avoiding very heavy dilution of the private investor base. The communication here has been very subpar bombing out the share price and management has an opportunity here to put RMM on much sounder footing without the heavy dilution. I guess Brad Mills big shareholding protects us somewhat?

I think main reason for the big share price weakness was the indiscriminate selling of K2 over the last months. Looking at Bloomberg shareholder data they have K2 having sold down to zero on 11 July. Not sure if correct but it seems from trades in recent weeks that K2 is out. Without the K2 selling this should retrace much higher as there will be many people holding or buying as this is a very undervalued company. I am holding this for £1.5 target in two years.

hxxps://www.elementalroyalties.com/news/news-releases/elemental-royalties-notes-first-gold-deliveries-from-ming-stream-and-mercedes-royalty-now-paying

Much better communication policy from Elemental RNS important developments that can be viewed positively.

What is the view when we will get the next drill results update as this could be a small positive catalyst? It has been a while since the April drill results that flagged this:” The next phase of the drill program will be to continue to infill the planned LFZ stoping blocks identified in the 2024 mining plan, and to delimit the newly discovered Jennings and LP East Zones. These newly discovered zones are open in all directions and require drill hole definition to be put into the mining plan.”

Hi, in the original investor presentation the average LOM C1 cost was seen at $2.13/lb of saleable copper. Although I think this was based on conservative assumptions it did include ore sorting in the calculations. This can be found on page 11 of the Oct 2020 investor presentation, not sure if still on website. In an investor call, which I think was the Feb one I asked Toby about C1 expectations and he stated that he saw them at ~$2.5/lb. I though this was a realistic assessment at the time reflecting some upside from the original base case.

https://www.ramblermines.com/storage/presentations/2022-june-investor-presentation-website-1654876114.pdf

Looks solid, crystal clear that 7,000 t production will be reached. This is core holding for me and will continue to buy into 40p reached by summer.

I agree that it was a very positive conference call with RMM expressing good confidence in reaching its 2022 targets and that we have passed the inflection point on the mine’s performance. What I actually liked the most was slide 11 showing a strong catalyst timeline into the summer. In my view management is looking at getting share price up with all of these releases with today’s call the first step in this strategy. Great time to be accumulating and I am happy I was able to buy such a large stake below 30p because shares will not be at this level much longer.

I just emailed RMM with good points to highlight and clarify for the investor call. I hope they listen as these calls are a great opportunity to get interest up and address the current poor investor sentiment.

This was the actual comment from March gold streaming announcement: “ Production update and 2022 Guidance - Rambler will provide an update of its reconciled production for the first quarter and guidance for the balance of the year on Tuesday 12 April 2022 and will host an investor call at that time. Details to be provided in due course.”. I read this as Rambler releasing the information on March 2022 production, 1Q22 production and 2022 guidance on 12 April, it seems some are expecting this news earlier? Based on Rambler hosting a call it is safe to say that they see this as good news as they have not hosted calls when the events have been poor like the recent RNS. I have been busily adding at these levels as 12 April only two weeks ahead and I see the major 2022 rerate in the share price commencing with this announcement.

Many questions on ADVN and LSE boards on the weakness. Please be aware that it has been a market carnage week lots of hedge funds in trouble with wide and broad selling of positions. An AIM miner particularly one with a difficult year will not be immune to this despite rising commodity prices. It will be very important from here that management delivers on promises after the many setbacks and disappointing placements. For me personally the last placements, strategy and communication around it made no sense and almost seems they purposefully bombed out the share price to place nearly 10% of the company. It will be a long journey to a higher share price which I believe in, but too many investors here believing the multi pound price targets without reflecting heavy dilution and substandard communication.

Hi all, What revenue numbers are people getting to this year and next, what C1 costs for both years and what net income (EPS) for 2022 and 2023? RMM looks very undervalued particularly from next year. Thank you for your help!

I agree good buying opportunity at this level. Have been gently picking some up over the last weeks. Quick question to the board there have been many posts talking about update coming soon. Would this not be more an early April release as on the investor calls and I think in previous releases they were talking about going back to quarterly updates, which implies more April for a bigger update? This makes sense as at this point we really should be where we need to be with the stopes and operations. Historically Rambler have not been good with releases in order to generate excitement unlinked other AIM miners with RNS releases on even the smallest news.

I read the last RNS that the escape tunnel would be completed by late Jan, but that the stopes would not be ready until end of 1Q22. Rambler’s RNS are so confusingly written though that I might be wrong?

Quick question has it been confirmed that the escape route (deficiency in a section of the secondary egress) will be finished by end of Jan? I am still struggling to understand how this could have caused such a long delay? How long from when this escape route is finished until the stopes are complete (the guidance on the stopes seems to have slipped numerous times as I am sure I remember from a previous call that they were supposed to be ready in Dec)? Also noticing no investor call this time around on the quarterly update, not surprised as I would have asked the question on the school boy error of sending essential staff home for Christmas causing several $m of damages to shareholders. Still holding my big position and busily adding, but it is now time for management to deliver on the promises and enough of the dog ate my homework excuses? All my other mining shares have been doing well so far in 2022 following commodity prices higher bar RMM...

I really hope there is not another raise coming, but I think there is some risk given that sentence, which essentially implies that this is a possibility. Otherwise different wording would have been used. I also noticed the corporate broker reiterating their buy following the news this sometimes for small caps is a red flag. I am continuing to hold my sizeable position but the last two RNS which I feel make no sense from a risk mitigation perspective one year after what has been heavy investment in the mine already. Has anybody actually spoken to the company as the communication has been awful and they really need to step it up. I have not come across any other company that I follow or invest in that has had such Covid-19 issues.

RMM has not itself any favours here. It was hard to understand what the previous issue was delaying plans by four weeks, which did not quite make sense and hard to understand how management allowed a further delay to happen from a risk management perspective. We are now one year into turnaround plan and you are still getting issues which should have been identified and dealt with better. I am not complaining though as I will be adding to my substantial position, but do believe management and communication needs to step up and hopefully this is the last “schoolboy error”. I do believe a lot of holders let management off the hook lightly. It is now time to deliver on all the promises and pie in the sky scenarios….

Hi all, Quick question to fellow shareholders when do you see RMM going ahead with the ore sorter project? I am slightly concerned that this has not happened yet. I hold a big position here but really not impressed by the latest delay in getting the additional stopes online. I hope that in 2022 the company delivers more on its promises than coming up with excuses and constant dilution.