Member Info for spero

Here you go:
https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-sunday-roast-podcast-september-5-78a1e7b/
(from Sep 5th)

There was lots of good content in the Sunday roast. The last few minutes were painful though. It was like mate's banter. Toby must've been thinking "do they know I'm still here?". Will probably put him off rushing back to do another.

Took a little more today. I wish it was ISA top-up time of year!

They appear to be struggling with external data feeds. RNS data is unavailable too.

APD - you wrote "generally the stock market moved up from Nov 20 until April/May 21 and RMM was part of that general rally imo"

That's a period of six or seven months. I was talking about a 100% climb in 4 weeks. Shortly after that it managed a 33% drop in just one week. You can't correlate that type of rapid share price move with general market trends lasting multiple quarters.

I'm simply observing that the RMM share price can move quickly.

The mine is already 'operationally profitable' (quoting CEO in the recent SundayRoast interview). And that's before the hedge clears in the next couple of months, when the situation will improve further.

Finance is for rapid / accelerated development. 70% of 2022 development work is already complete.

To put it another way, finance is to grow a fast as possible. Without it, more CLNs and slow growth, but growth. The company is certainly not hanging in the balance

30p to 60p took about four weeks. This moves quickly under the right conditions.

The right conditions may well be :
...Announcement of NewGen finance this month
or ...announcement when the hedge clears in Q4
or ...announcement that multiple stopes are now in operation
or ...announcement of the remaining 60% of drilling results delayed by the overwhelmed independent testing lab
or ...announcement of a joint venture on Little Deer.

General Meeting: Questions and Answers
Aug 20, 2021:
https://www.ramblermines.com/general-meetings.php

It's a pattern. Someone posts something useful & informative. A deramper posts something challenging / insulting. Ten people respond to deramper. Insults are traded. Useful post buried. Derampers work is done. Did someone use the phrase 'played like a piano' earlier? That's well buried too.

https://www.ramblermines.com/files/July-2021-Market-Update-v3.pdf

Huge volume of work already undertaken and in progress (see report). This was a partially-flooded mothballed mine last year. They're not just returning it to its former state as a relatively high-cost producer of 1350 tpd - they're investing to lower the cost of production *and* expanding to 2000 tpd.

The unexpected $1mill RiverFort drawdown blew the 25p support. The next (not-particularly-strong) support level looked to be around 20-21p (from Nov '20).  Based on that support, plus a sense that this was getting quite oversold, I topped up around 23p on Monday. Today's placing at 20p makes that support stronger IMO.

Two weeks until the end of the month and we'll know if the NewGen loan has completed.

On Aug 2nd, an RNS discussed drilling to new zones on three fronts. At 4m/day (a measurement courtesy of CornishK), we should be reaching the end of the first drill-out within a few days. This could mean that news of NewGen being sorted could be quickly followed by news of new stopes.

The copper-hedge ends in Q4, which is only six weeks away. News of that ending could offer a boost too.

None of that is guaranteed of course, but it has all factored into my personal decision to hold and top-up (along with all the other long-standing reasons)

On the infrastructure front, can anyone offer clarification on the following:
* What advantage does the tailings pond give?
* Does anyone know if the concrete groundwork for the ore-sorter has actually been completed (ahead of the winter weather)? I think I read this somewhere but can't find it.

it's not that much every two weeks. They had to pay a large sum for the early completion of the tailing pond

Two days of stability and reversal of the downtrend.
Now buy signals are being detected/announced:
https://twitter.com/SwingTradeBotUK/status/1427365184348229647

Friday was the first day in a long time where every single trade was above the previous day's close price.

the company has received a number of unsolicited offers of interest in its Little Deer Complex, and is actively seeking arrangements that can advance these projects while retaining a significant interest.

CLN funds could also be to get Little Deer ready for a partnership. They wouldn't be able to discuss a deal without it being settled.

A recent RNS discussed plans to update ming mine resource statements at end of year and in Q1 2022. It also mentioned huge demand on the independent labs that analyse the drilled core samples, which is causing delays significant enough to have to mention them in an RNS. I expect they've moved their (expensive) drilling schedule forward in order to meet the announced schedule for publishing results. They're spending money to drill earlier than planned. It not extra expenditure - it just has to happen sooner than their financial planning anticipated. Possibly they needed the latest CLN funds to cover this.

Just passed a few hours ago. They're going to need a lot of copper
https://www.theguardian.com/us-news/2021/aug/10/us-senate-passes-bipartisan-infrastructure-bill-biden-schumer-mcconnell

hmm, thought it was two, but happy to be corrected - thanks Dodkins.

Given that a collapsed stope (and subsequent financing fears) caused the share price to drop from 64p to 25p, do we think new stopes becoming available will be announced in Operational Update RNS?

At the time of the stope collapse earlier this year, we only had two stopes available. The copper produced from the collapsed stope was supposed to fund the redevelopment work over the last few months - hence the $2million loan + guarantee of further funding from Riverfort (only if required).

To avoid this situation in future, Rambler are aiming to have six or seven stopes operational by year end. We are approx 25 days away form reaching three zones. I'm not sure how these zones map to stopes, but hopefully it will mean we're well on the way to having multiple stopes running. We were back to two stopes the last time the company updated us on the subject.

We're closing in on three 'endpoints' within the next 20 - 30 days (at 765m 735m and 710m). Do these represent three stopes, or three zone with the potential for multiple stopes?