Member Info for toptuf

How easy would it be for an African Govt to 'short' travel and leisure stocks and then announce a deadly new variant? Not that there is any corruption or financial shenanigans in Africa obviously.

Zag: I wouldn't be at all surprised if neither GoI nor JV is sorted out before the 2022 AGM. By then Oilex will be no more. However, if either or both do come through then we may be off to the races. I am sufficiently underinvested (£7.5K) to be relatively sanguine but understand that others may have a much bigger stake in here and I feel genuinely sorry for them.

Andy: I'll start by making an assumption that before you bought these shares you did some research, both into the mining sector in general and Rambler specifically. If you believed earlier this year that Rambler was worth investing in then it is worth sticking with now. A number of problems have faced the board this year, some that applied solely to Rambler (collapse of a working face) and others like Covid that are across the board. Today they are now properly funded and the mine has been redeveloped to such an extent that they expect full capacity of 1350 tpd by year end. Added to that are incredible grades (2/2.2%) and an amazing recovery rate of around 97%. With the copper price showing little sign of regressing there is every reason to believe that Rambler can make a profit of around £25 million next year. Choose your own p/e; 8-10 isn't outrageous, and you can see potential for a share price of close to £2 in early 2023. None of this is wishful thinking or pie in the sky and all of it can be deduced from recent RNS releases.

You mentioned seeing comments about the price going back to the 20s. Of course anything is possible but unless there is something unforeseen it is highly unlikely. I have only seen one recent poster talk about the price collapsing and he has a self declared short position and a vested interest in talking down the SP to cover himself.

Anyway, good luck whatever you decide. You'll find most people on here are friendly and helpful.

How's the birthday going Darren? I have to assume that what's '34 tomorrow'meant.

Maqsood. This was a recurring refrain of yours over the summer. I certainly don't expect it any time soon and was being tongue in cheek.

Happy 34th birthday.

'1p incoming' perhaps Maqsood?

Mr Buffer has a publicly declared short position. It shouldn't therefore come as any surprise that he wants/needs the sp to go down to limit his losses or maximise his gains whichever way you look at it. His views are hardly those of an impartial bystander. Of course the same could be said for most of us except a short position is time limited whereas those who bought to make a profit can sit back and play a waiting game.

Still waiting for Monkey to say that he got this share wrong. All well and good telling us to 'lighten up' but you were pretty damn serious when you were adamant that this was heading for the scrapheap and that we were all amoeba brains for daring to think otherwise. As for Moon, as light entertainment he takes some beating. I feel sorry for the guy if he is afflicted by dyslexia; my nephew is similarly affected. However, inability to hold the same view for more than a few minute is not, as far as I am aware, a side effect of the condition.

Oiltap: Hope your numbers are right my friend. I think this time around we will sustain the rise in the absence of bad news rather than additional good news. What we saw yesterday indicated multiple stopes and hedge to clear before year end; that's pretty much all the good news I was hoping for.

FTSE- I would hope that we reach £2 in spring 2023. I haven't thought too much thereafter but if 2023 production exceeds that of 2022 (which I expect to mean revenue between $85 million and $90 million) then no reason why £3 shouldn't follow within 12 months of that. I've not factored LD into any of my future targets but if that went into serious development, alone or as a JV, then who knows where the sp could go.

A few days of a stable share price and the "1p incoming" crowd have fallen silent (again). No doubt if we go up by a couple of hundreths they will be back.

If you made one prediction about anything and stuck to it then credit would be due when things turned out as you forecast. However, with Rambler you have predicted up, down and sideways multiple times like backing every horse in a race so it is impossible for you to be wrong.

Uncrossed trade...

I suppose it depends on your definition of a 'thin air rise'. Recent good news caused a large rise last week but also attracted some to take profits. If they have done selling then it is no surprise to me that the SP is continuing on an upward path.

So at 27.25 it's a draw Bertie!

My 26.5 is looking OK. At 9 on Monday morning thought I had gone way too low.....!

If £30 ($40ish) million profit made next year with a p/e of 8-10 then your £2 could be sometime in the first half of 2023.

Very drole Ant.

I think we need to be careful about always waiting on tenterhooks for the next news. We've had what we wanted; finance sorted, Riverfort paid off and fantastic drilling results. There's no reason to expect a pullback just because we don't get an update every week. Yes, pullbacks may happen but more as a result of electronic trading and those looking to get in and out of shares on a daily/weekly basis. My days of getting up early to see if an RNS has been lodged are over. This will take care of itself now.