Member Info for toptuf

A bit harsh to say it isn't being mentioned. I wrote a post entitled Little/Whalesback earlier today :-)

Two things Stanleypit: 1) It is the CEO's job to implement the turnaround plan not "build the share price"; the market can decide that. 2) Mr Bradbury will only be fully compensated for his efforts as the sp grows so it's not as if he is sticking up two fingers at the rest of us without having some "skin in the game" as the yanks would put it.

Bluhope: I bought at .44 towards the end of March. What part of "I can wait all year for a profit" alerted you to my impatience?

DJG: If my car was parked at the roadside for six months and during that time doubled its value I would be very happy. Please cut and paste the part of the RNS that says a placing is coming because my 55 year old eyes missed it. Thanks in advance.

TWB: Sorry if I sounded a tad stroppy, not acceptable on my part, but you just happened to have been in the crosshairs at the wrong time. You've explained very well in your latest post. I don't mind predictions but analysis to go with them always helps. I don't know enough about the situation to get involved which is why I only dipped my toe in for 5k's worth at ISA time. Clearly for all our sakes I hope you are right with what you say.

In an attempt to move the discussion on from Smithers and the fact that he would be better off letting his infant son for whom he opened an ISA make his own investment decisions, I've been thinking about the above mentioned mines. I find it too coincidental that we are told about ongoing discussions to "advance these projects" in the same RNS that mentions investigating options to fill a potential funding shortfall without there being a connection. Of course it may be that the need for funds comes sooner than any firm arrangements for a JV being concluded, but as Cornish pointed out over the weekend additional money is needed to complete the turnaround not to progress it. We haven't come to a standstill and TB is confident that by year end we will be at full production.

As for the share price, only those thinking of selling (or in fact topping up) should be worried. I know patience and keeping ones nerve are sometimes in short supply but investing on AIM isn't for the fainthearted. Yes, there are opportunities to make a quick killing but usually it is the long term holders who reap the rewards. I have faith in the CEO and don't think that three months as a Rambler shareholder means that I am qualified to tell TB how to run a copper mine.

So you think that there is something shareholders are not aware of but market makers are? Wouldn't that be insider trading?

"Not long now"...can you be a bit more specific? A week, a month, three months? I bought here two months ago and have been reading....."it's coming tomorrow"..."just a few more days".....and so on almost every day. I didn't expect to get rich quick and can wait all year for a profit of some sort if necessary but the impression I get from these types of comments is that they are not based on anything other than hope or attempts to pin the tail on the donkey.

Some seem to have trouble spotting sarcasm....

Completely agree. Having made a living and been able to retire early by studying the way people's minds work I am fascinated by the nature of some of the comments on this board not least those who go from committed LTH to panicked seller in a week or so. I'm not a glass half full or half empty person with regard to Rambler, that would imply that I am somehow trusting to luck. If you do research and set realistic goals both with regard to sp and timeframe the daily/weekly fluctuations shouldn't matter. There was a sound case for my investing in February and it is equally if not more sound today. Reading some comments (one poster specifically) you would have thought that we actually went backwards in Q1 whereas we made steady progress, just not as much as had been hoped for. I have faith in TB to continue to do the right things for the company and to keep his eye on the medium term rather than daily share movements. It's one thing for people posting on here to believe that they know more about mining than I do; that hardly makes them an expert. But telling TB to get his finger out because copper has peaked is beyond ridiculous. The rest of May could be turbulent until further guidance on production is issued along with an update about finance. Those who can't bear to see their investments drop in value shouldn't be investing at all let alone in AIM companies.

I agree. It's hard to know when the bulk of the report was written and therefore how far down the road any discussions/decisions are, but you are right to point out that it would have been clear fairly early on in the quarter that more time and finance were going to be needed than previously thought. I would find it strange to publish this report on a Friday and fund raise the next week. The way the report was written tells me that there are a number of options that go beyond fund raising. If that was their plan then surely it would be as simple as announcing it, not pre-announcing it and dressing it up as the result of 'investigation'. DJ has made the point that they should just get on with it and go to the market and that isn't unreasonable but it doesn't seem as if that is the road they are going down based on the RNS. How the market reacts to whatever is decided will be interesting but not in the long term pivotal. As for Friday's drop, which occurred almost exclusively in the first hour, a lot of that would have been stop losses that had been put on by recent buyers of the shares and a bit of panicked profit taking by those who bought a couple of months back. I can see some turbulence this week and maybe for a few weeks until the open questions raised in Friday's RNS are addressed but other than the SP triggering his options TB's focus will be on the turn around, not daily or weekly share price fluctuations.

Patrick: There is to be a consolidation but that isn't a dilution nor does it raise capital.

I am not sure I would want to answer the question contained in your first six words, but to address your point, a consolidation doesn't provide the company with additional revenue whereas a fund raising, believe it or not, does.

My paper loss today was 18k but as I didn't sell any shares that's all it was. It will recover.

If this had been my only post today you might have a decent point but I have commented plenty of times on the substantive issue of the day. I wasn't complaining about homophobic language, just pointing out that even though I had two red lines (neither of which was crossed) some of the comments today have been so ridiculous that I was sorely tempted to use the filter. This is after all a chat room; not everything can be laser focused on stopes and copper grades. I almost sound as if I know what I am talking about..... :-)

I made a commitment when I started writing on this and the Oilex board that I would only filter someone if they were either personally abusive to me or anyone else or used ****** or homophobic language. Today has been the strongest test of my resolve to date. I am happy to disagree with others and believe that the right to free speech includes the right to make an arse of oneself, a right have I used plenty of times myself. However, if you make what seems like a random and/or unsubstantiated comment and someone politely asks if you can explain, it would help the general discussion if you could provide an answer. If I make a factually incorrect statement or start making ridiculous predictions (good or bad) I am relying on my fellow posters to point it out to me. Thank you.

To put today's announcement into everyday terms I'll use the following example. OK, I'm standing at Bournemouth station waiting for the 8am train to Waterloo. An announcement comes over the tannoy telling me that the train is ten minutes late. Do I storm off in a huff or wait the extra ten minutes? Personally I'd wait. Now, if I was told that the train was cancelled I would leave the station and go home. The problem comes if I am continually told that the train will be there in ten minutes time (mala sutra or 'little tomorrow' as my Bosnian friends would say). If this happens then I have to make a judgement about whether the announcer is just telling me what I want to hear or genuinely believes that the train is coming soon. In other words, if the next quarterly update and the one after that are downbeat then there is a decision to make but for now I happy on platform two, takeaway coffee in hand. As for losing money, only those who have sold today for less than they paid have done so.

Firstly, good morning to everyone. Not a day for an Arsenal supporting, Labour member who owns Rambler shares. The way that this morning's news is viewed will depend on a) your goals in holding this share and b) whether you have faith in Toby Bradbury. Unfortunately AIM CEOs are regarded a little like estate agents....."cosy" means no room to swing a cat, likewise when a CEO mentions "delays" or "progress being slower than expectations" some believe that terminal decline has set in. It's not unreasonable to ask whether over optimism about Q1 progress will repeat itself in Q2-4. Personally I don't think so based on TB's background and personal stake in making this work but I can see the reasoning in asking this question. It's also reasonable to be edgy about the need for further funding and being told that you will be notified in due course doesn't calm any nerves that may exist. I was fortunate enough to buy in the mid .30s and have a 2-3 year goal in mind so what happens in Q1 of 2021 may be irrelevant by the time I am considering selling. It would be good if there was a little more empathy in some of the comments on here; someone who bought at .63 on Tuesday and woke up to find a 3rd of their investment gone will understandably be a little upset today. If they were in for a quick kill then I have little sympathy but I don't think this board has too many traders. Lastly, why do we always seem to assume that shares are moving into "stickier hands", a comment I see all the time? I have no idea who might buy my shares if I sell them today (which I won't). They could be snapped up by a long term holder or by someone with a much shorter timeframe.

It is true that these levels are great for accumulating, IF you have the funds to do so. If you have already maxed out then that is not the case. This RNS has been sign posted by many as the touch paper that would send this share into the stratosphere and therefore anything short of a fully executed plan was going to lead to disappointment. From my reading we are on track in all respects. Toby Bradbury has said that 2021 is a big year for RMM. Today is only May 7th. I had a year end target of 1.25p and I still have it.

I don't know whether to laugh or cry when I read about the share price "treading water", being "mired" and "not going up as much as I hoped". Between Easter Monday and yesterday's holiday the SP went up 85% having been range bound for six weeks after the Feb refinancing. I accept that a person's perspective is affected by the price they paid for the shares but let's be at least a little bit realistic. The copper price will come into play a lot more when we have the upcoming production update and the calculators come out. Until then sit back and relax; this company is on the up and highly likely (despite the much discussed 'risks') to continue on that path over the next 12-24 months.