The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Dilberate mismanagement can't be ruled out either, happens all the time as it makes some people very rich and us investors come to the wall. Maybe I'm giving the board even too much credit and they are just totally incompetent and couldn't be trusted to run a bath. Being the case mistakes I accept can be made and they have had the unexpected headwinds to deal with (war, raging inflation etc; but to release that very positive r.s.n around June which showed a complety different business to what the reality actually was . That's when I and so many other people I presume pumped loads more hard earned cash into a company that was in dire straits at that minute in time. Hence the reason for June finishing the monthly reporting lol. I'd love to be fit to say something positive about rambler and fair play to @ajones who is giving some hope with her thoughts to how we mightn't be a lost cause and keeping board balanced against the negativity my own included. Unfortunately I've been here to long , losing far to much money and seen bull**** after bull**** to see any positives ATM . Last post from myself till we hear from the board and I genuinely wish everybody invested the very best off luck and hope we get some kind off reasonable outcome.
It's only being 5 or 6 weeks ago that multibagger was posting 10 times a day that rambler was hitting 1.00 before year end. Very thoughtful of him to be back on board now warning everybody not to invest at 4p . I've been on a few boards and still haven't came across anybody that ramped up a share more than he has with rambler lol.
Only for tight supply and rising demand in China ATM copper prices be testing all time lows . Real danger that central banks will let there economies dip into recession to try and get inflation under control. Very hard to see copper prices playing ball with us at least in the short term and we aren't exactly in a position bar getting a very favourable deal with newgen that we can wait to take advantage when it does finally rise. Unfortunately we are in very uncertain times which is reflected in broader stock market and plenty off ramblers out there ATM unsure what next few months will bring.
Ajones, exactly what I said a few posts back. The share price has been crashed for someone's agenda. A low ball takeover surely a big possibility, rambler ticks alot off boxes and the money were talking about buttons to some off the big players. Nobody doubting the potential off the mine only for the **** show off the chiefs running it. Definely think there,s more to come and rambler not completey dead in the water. Don't think we will have long to wait to find out , shareprice naturally drift downwards but anybody waiting to catch the complete bottom could well be caught out by any sniff of postive news.
Am I the only one that thinks this was the plan all along , issue an r.s.n which they did 3 weeks ago to crash the shareprice , ordinary investors get cleaned and some people pick up the cheap shares. They easily could have raised funds a few months bk at a far higher price and hedged as well. The incompetence of the board to have us were we are at is mind boggling if it wasn't all part off the plan. Amazing how some posters a few months were predicting us to hit this ridiculous price off 5p when the rest off us thought 50p more likely lol. That's my big worry here , are the board working for themselves or us shareholders. It's like they are trying everything in there power not to make the business work with decisions they have made. This a common theme with AIM stocks unfortunately and it's always us ordinary investors come to the wall every time . Anyway at 5p surely all the risks and doubts are baked into price. I'm still not selling a single share and if I had more belief in board I'd sell up elsewhere and add as no question with right will from board and lender we could easily make the turn around and get rambler back were it should be. No one I don't think doubting the potential off the mine, plan to be seen with the figures what could and should happen . Looks like we will know in next two months if lights will be kept on.
Copper price only thing can save us here. Certainly not going to be current board , drop this morning predictable but not be in the least surprised to finish the day higher. A few nervous investors pulling the pin but think there be enough buyers to mop up the sells.
That were lies our big problem. June's production costs around 2.90ish, copper price sitting around 3.50ish. with rising interest rates does anybody seriously see copper breaking 4.00lb in next 12 months, fair to say looks unlikely.
No question we head south 1st thing tomorrow morning. Absolutely nothing in that to make me feel we,re anymore secure as a viable business than after that last bombshell we received 3 weeks ago. Nothing in that we didn't already pretty much know and the same uncertainty still remains which imo keeps the investors who were on the sidelines still waiting and gives the derampers a great platform to keep posting plenty off negative comments which keeps them amused. The decision not to even partial hedge when copper was at 4.73lb bk in march was the f..k up off all f..k ups. Fair play to anybody that can find much postive out off them last two r.s.n. Very disappointed with what has just being delivered as I was holding out hope the board could pull a favourable deal off . Going forward we have been left in complete limbo and it's likely we will get another r.s.n very shortly to say we couldn't secure the necessary funding and our goose is cooked. Absolutely gutted but that's life, I'm honestly reading throught some off the comments on here and can't believe some people actually trying to put a positive spin on this . This is confirmation we are on life support which can be switched off at any time and sooner rather than later imo.
Sitting with an average off 28p on 250,000 shares and see carnage coming but can't sell lol, anyone else in same situ??? Unfortunately I see this as a share that us as shareholders get well and truly screwed over or one were we get the loan required to well and truly put rambler on the road to recovery and profitably and reason why in my position I'm still here. Honestly don't see the middle ground off ending up at 5-6p at close next Friday, think it's either boom or burst. Can't bring myself to press the sell button with possibility in 2-3 years time rambler producing 25,000 T and copper sitting 4.50-5.00lb and share price maybe 60-70p but my head is saying get to f.k out now with 14-15k and start afresh somewhere else and maybe make up the loss. Unfortunately I think I got caught up to much in the rambler story and it ticked so many boxes for me when I was looking for what I thought the perfect turn around , maybe it still is but no more funds to invest ATM and even if I had I'm not sure I would , 17 years in business and still not a fit to show they have a mine that can be profitable!!
Looks like 30th sept going to be D- day for our good/bad news . Tbh and iv
Is there a chance the Canadian government will help with a cash injection like they did in 2016?? Back then they got 2 million dollars which was interest free for 8 years with 1st payment not due till 2018. With mine now at least proving it can hit production targets ( albeit last few months) surely it's in a more investable state now than bk in 2016. Obviously a 2 million dollar loan not be anything close to what we currently need but just an example off what is possible!!
Pointless investors attacking each other, end off day the blame lies firmly at door at board off rambler for misleading investors with statements up until the bombshell was dropped. It's only 4 weeks ago since we were reading " rambler billion pd mine about to show it's metal" and now here we are with a mine with barely a market cap off 10 million lol. My thinking is there,s been a financial irregularity has came to light last few weeks which has threw a spanner in the works. Production side off things if updates could be believed looked to be going pretty much to plan and end off day copper price not a million miles off were we,d like to it be. It's just a complete **** show all rd from board and I agree with diamond geezer the half year results will be dropped with no chance for investors to ask or hear what went wrong and we all be left holding the baby so to speak. Don't think the sale off asset,s going to happen either, that I think should it happen give investors alot better result than what will be the end result. I've seen companies in better situs,s go under from here and ones in worse positions survive which just brings it bk to a guessing game as to were ramblers future lies!!
Good to see copper at least stabilizing around the 3.50 for now. Looks like that's around the break even for us in current climate . One thing I can't get my head round is that our financial situation a few weeks bk seemed to come as a serious shock to T.B as ourselves as investors. Surely if he had know that cash situ was was in perilous state he have played safety 1st approach and hedged at higher price, concentrated on keeping companies head above water in uncertain times instead off running before we could walk and cut bk on exploration and expanding etc , at worse possible time, or maybe he was taking the all out gamble that the copper bull run be well under way at this stage and price be sitting at 4.50 or higher. A placing at current share price looks a non runner and in any case be a disaster for us current shareholders, only outcome that provide any value for us is the long term long with reasonable terms but in current climate and our current situ any lender have got us by the short and curlies and I'm sure take advantage. I was holding out hope that the r.s.n dropped a few weeks back was clumsy written but surely if had been the case with a 70 percent drop in a few weeks we would have had a update off some reassurance to investors. Very frustrating thing is I've no doubt rambler could have been a massive success long-term if things had been handled even slightly different, so many things in its favour esp with the green energy agenda going to be massive over next 20-30 years , big question now is will we be in any sort off position too take advantage. At least worse case tomorrow week the latest till we hear our fate as this waiting game wreck last few weeks wreck your head!!
My understanding is we did get the 30 million loan to go with everything else, high debt going to bankrupt thousands off small players in coming months esp with interest only going one way. By the way "moon" I have to hand it to you that you have called everything too a tee on this whole shambles, from predicting 8p when everyone else was saying a 1.00pd in a year and calling correctly an ore sorter is the game changer to massively reduce our running costs long term. High energy, fuel and wages are destroying all rd them ATM and bottom line copper would need to be at 4.50 in today's market to keep up pace. I think copper will come very good from 2024 onwards when all the current headwinds get sorted but it's going to be too late I'm afraid for this outfit. Absolutely no confidence in board here at all, if there was any good news or reassurance to be given it surely would have came to stop the 23 to 7p drop inside a week. 3 weeks before we were been basically told how great everything was going with drilling etc and then the bombshell , not hedging at the higher price a shambles as well esp when finances not in a good place as it keep us afloat in these bad times. Fair play to anybody with guts to average down with the lack off detail from the board are we going to be a going concern or not and imo it's a black or red gamble at this moment in time. Anyway that's my last post till we hear from the board good or bad and fingers crossed for all off us!!
I think we will all know our fate early this week. Way whole thing has been handled stinks off high heaven and regardless what happens next I don't think it's possible to ever trust the board again. I've massively underwater here and I stupidly didn't cash out out at 19p on morning off big drop. My prediction is lights out , praying I'm wrong but I think that's the way we are heading. The simple fact is to turn it into a profitable mine is going to take millions which going to be very expensive to get in current climate or at all. Only been an investor for 3 years and naviely was up alot off money in bp and cashed out to invest in 4 AIM shares and biggest mistake I've ever made. Lesson learned going forward 90 percent off aim shares end in disaster where's it rinse repeat time after time. Anyway 1st post on here and I'd love it's not the last and come end off week I hope we,re still discussing a viable business as it has alot off people's hard earned cash at stake and a good outcome for the decent posters on this board be very welcome.