Member Info for toptuf

Have I missed any posts from the usual "this is about to blow the roof off crowd"; Maqsood, Vacation Fund and BMJDF (or whatever order the letters were in), or have they finally allowed reality to dawn that this is going to be a long haul to even pass .3p? Holding to get my money back at .34p and then off to Verditek or Pires so that I can stew over their ineptitude instead! :-)

Schwee is right that the board seem accident prone. However, yesterday lunchtime we were pretty much all happy with where we were going and believed in the story here (except Duffer). One positive Covid test and another cryptically worded RNS and doom has descended. Could they not have taken a day or two to work out how to 'mitigate' the lost revenue and then advised shareholders of the problem and solution at the same time? I don't know what the imperative was and whether they were legally obliged to tell us yesterday on day one of trading after the issue came to light, but the fundamentals haven't changed. We have simply grown ever more suspicious of the board's motives after the debt for equity swap and the impression gained that mates were being looked after at the expense of PIs.

My frustration with the company is not lack of patience in general but with how they communicate. There is a very dismissive air about this RNS, like a father talking to a dim child. Updating "in due course" is guaranteed to cause jitters in the market and is used ad nauseum by Rambler. As someone who used to draft press releases, amongst other tasks, I cringe when I read these missives. They fail to trumpet good news, of which there is plenty about, effectively and seem to exacerbate poor news by lousy communications. Still see huge upside this year despite this setback but I get nervous every time I see that the company has issued an RNS.....

The point of the RNS is, alas, to soften us up to use the recently approved further dilution. Mitigating financial impact could only mean one thing. I should point out that when I wrote my post yesterday mentioning Covid as the main potential problem, I didn't know any of this!!

If we have £150 million market cap then the SP would be just over a pound. Would need to be nearer to £220 with current shares issued for £1.50 sp. Having said that I think the p/e could be around 8 on profits of £25-30 million so we may see £1.50 in early 2023.

I recently challenged a regular purveyor of nonsense on here to back up his comments with analysis (which has yet to be forthcoming). In the interests of fairness I should probably share mine. Three points were made without any reasoning by the poster to whom I am responding: 1) there would be a 20% correction in the overall market 2) Copper was going to tank and 3) Rambler would head back down to 30p.

Let's start with number 1. I don't know whether the 20% drop is predicted worldwide or just for the UK, but it is worth noting that the Dow is currently almost 30% ahead of where it was on 31/12/19 despite Covid, whereas the FTSE is actually lower today than it was on that date. There may be some profit taking across the Atlantic but I can't see the FTSE going down to 6000 without some serious further problem with Covid. In fact a number of large companies in the leisure and telecoms sectors, which make up a decent proportion of the FTSE 100, are likely to rebound as we come out of the pandemic.

Moving on to copper, I see no case for thinking that other than the usual start of the year surplus which may bear down on the price, there are any other factors likely to keep it below $9000 a tonne for long. Economies, notably China (despite the Evergrande fiasco), will power ahead as they fully re-open keeping demand for copper and other basic resources high.

On to Rambler itself. Trying to extrapolate much from overall market trends and overlay that data onto individual companies listed on AIM is a mug's game. A poor RNS (May 7th) and down she goes. A good one (29th Oct) and off we go in the opposite direction. Even if there is a 20% drop on the FTSE I cannot see this impacting Rambler unless there is another negative company specific event. As for copper dropping, I am assuming that a new hedge is close to being agreed meaning that for the duration of that hedge, the amount of our output covered by the agreement will be unaffected.

I may be wrong about all of the above but rather than just make throwaway, unsubstantiated predictions, I thought some 'analysis' might be helpful.

No you won't.

VF: When you made and repeated your .5-.6 year end prediction I told you that you would be out by a multiple of three. 3x.16.5 is .495. I suspect that you were being deliberately daft but if not, what happened? Of course you have a day or so left but not holding my breath.....

I live at number 37, can you keep your shorts closed please.

People are entitled to be negative just as they are to be positive, but it's always nice when views are supported by facts, irritating things that they are. To be talking about CLNs weeks after Riverfort were paid off tells you all you need to know. Either a complete fool or a shyster.

I agree with Mr Meyer although worth pointing out that he has a close connection to Rambler through SP Angel.

A hunch or a guess? Why not tomorrow or next Monday?

It takes a big person to accept that they got it wrong and to apologise, especially publicly; fair play to you. And to Jasper for readily accepting the apology. Let's all hope we have many more up days to come.

DYOR has become a bit cliched but there is a reason that people put it at the end of their posts. Anyone who invests a single penny of their hard earned or ill gotten cash solely on the say so of a fellow chat board member, however knowledgeable that person may seem to be, gets what is coming. I am in another share where finance was supposed to be Aug 31st, then 30th Sep and eventually came in October. Was the CEO lying when he mentioned the first two dates, or trying to gull people into buying the company's shares? I doubt it. He believed what he said and it turned out to be wrong. Personally I would be stunned if there is an RNS tomorrow or any other day this year, but I won't be taking it out on Jasper.

If I were a lawyer, I would ask whether the 15th December forecast was accompanied by a year because it could be nearer to Dec 2022 than tomorrow. As for the latent threat of violence from Blu Hope and the "mine is bigger than yours" rhetoric; I've had to make room in my 2021 shortlist for Most Pathetic Comment of the Year. Deary me lad, grow up.

I think the simple answer is that GoI approval, if it comes, will not be within your six week timescale. These things are continually being put back with little or no explanation from the board and it's hard to see that changing in the near future. Very much one for the LTH.....

The "further delay excuses are a certainty" line is a cut and paste job from a post he made (could be a she actually) before finance was agreed. It's an old refrain from the greatest hits album but one that he'll ignore when things turn around and he is ramping again.

Real Talk...seems odd that a rumour started today out of the blue and took us up to 26.5. As a LTH I couldn't really care as this will either fly on 'real' news or die a slow death. Holding £7500 worth of these which isn't such a big deal that I'll get excited about a bit of game playing by traders.

Someone playing games. Below 20 by day's end.....

No more to say....it's in the title.