Member Info for toptuf

Gordon. 8 zones @ .5 makes 4 does it not?

It was a buy, me in fact.

Add the word 'viable' in line 4...

Put yourself in the position of someone being asked to lend new money or extend terms of an existing loan. You have been told by the company that at the current copper price operations are not despite having very recently read that everything was fine and new money would only be needed for expansion. What would you do? 1) ask for a new management team 2) extract very favourable terms as you hold all the cards 3) take Rambler down, claim the assets and sell to someone else? What I wouldn't be doing is handing over large sums and praying for a sudden uplift in copper. If they can't make it work at 3.50, what price would they need to make enough to pay off outstanding and new debts and still be able to make a profit? They clearly need a lot of cash and in a hurry. For those still holding large quantities I hope it works. I kept a handful and would add if re-finance looked like a long term solution, but not at the current price. Without news I cannot see how we don't drop another 30%, possibly soon. I held far too long and learned that AIM shareholders are simply a means of funding dreams and lining pockets. Was a FTSE only investor for 35 years and am going back there.

This won't get solved over the weekend otherwise there would have been no rns yesterday. What will they know on Monday that they didn't know yesterday? As for a 50% dilution, that would provide less than 6 million dollars which I am guessing is way short of what they need, despite TB saying he was "comfortable" with the capital structure as recently as July.

Moon. Why is it better to seek finance at 8p a share than 23p? You've lost me there.

If they bought at 16 and want to make a quick profit then it makes sense. Maybe they want to buy again at 19. Wish I had been as cutthroat at 60p!

There won't be much tax for a while and 3 is very low for P/E. I would expect to see roughly 18 million pounds of copper at 1.25 dollars made per pound. That's 22.5 million. I would hope for 6 as a P/E giving 135 million mcap. That's about £118 million. Divide by 162 million. So about 72p. That's without my knowing the tax situation but they have plenty to offset. I would be v happy with 60p by Easter 2023.

Cornish: that investment is longer term. What will drive the price short term? I lose track of how much copper is available and how much is needed. 12,000 year end is at the high end of estimates so would appreciate some type of break down if you have time. Cheers.

GGG. I agree, but to my knowledge no-one has posted this dozens of times. I'm surprised given your forward pessimism that you haven't sold. What do you see as the merits of holding Rambler assuming you think there are any, because I haven't seen any posts about this. Mind you, even predicting a 50% rise by year end had me labelled a pessimist!

GGG. To save me from coming back here and reading the same thing endlessly, will the time come when you stop banging on about monthly production figures and if so, when? And please don't say "when the release the figures monthly again" because that ship has sailed. You are clearly no fool and yet this obsession is getting you nowhere and is boring the rest of us.

Ian. Yes things are down across the board but not by ten per cent and not on the back if a very good update.

Just to clarify Moon. Rather than sell now, you are waiting for a lower, post dilution, price?

Rise sold into again.....who on earth is getting out after that rns, must be desperate for money.

That nice Mr Powell is doing his best to send us back down. Copper 3.58 today and falling.....hopefully a blip.

First, a word of 'support' for Moon. However bizarre his comments he does not sink to personal abuse, a lesson for others. The problem I have is that reality is often suspended and clear guidance from the company completely ignored if it doesn't tally with a particular day's narrative. The incessant scaremongering about a dilution is a good example. TB has been very clear about the circumstances in which and purpose for which funds would be raised, none of which are applicable at the present time. Will funds be raised in 2023? Quite possibly, but from a much stronger position than now and not necessarily by dilution. It's one thing to disagree with my opinion, I'm a moderately successful investor, but another to insinuate that the CEO is lying to shareholders. If I thought TB was being dishonest I would be selling at 8 on Tuesday morning.

If he is saying (as he has now several times) we are producing at an annualised rate of 8000 then it's reasonable to think that July was at the 670 mark.

Red...and we use a lot if hydro electric too so price shocks hurt less.

Invest. A well reasoned post although I'll wait a while longer before making any conclusions as to the reasons for the recovery in sp. What is certain is that 3 months at 700 is the same as a quarter of 2100 and I trust TB sufficiently to accept that he knows how to run his business. If I didn't, I would be investing elsewhere.

DJ is as prolific as ever, just not on here.