Member Info for ViciousHippo

Moon - what are you actually seeing on the chart that leads you to 8p?

Dr. Toby Bradbury:
Rambler Metals Mining is a London, AIM listed, copper-gold mining company. We were
historically listed on the TSX Junior Exchange. That is something which we are
considering again, as we grow the business to reflect its true potential, because all of our
operations and projects are Canadian based

Maybe he is actually hoping for a positive reception for Rambler on the TSX which actually reflects its true value and recognises the potential.

They are very keen on listing on TSX.

Do you mean 50m shares or $50m. $50m at 10p a share is a hell of a dilution. 50m shares is only $5m. That's not going to be enough for anything major.

I read somewhere a statement from TB that the company is cashflow positive. OK that might have been at the higher Cu price. However, it seems unlikely the company is going broke. More likely - and the way I read the RNS - they are a) making sure they go broke wont if copper has a serious decline and b) think they can do much much more with the mine profits with some extra investment. Trouble is at 10p a share, it's going to take a lot of shares to raise anything close enough to achieve both those aims. So I'd say the RNS was premature. They should have had a thought through plan to present.

Also why report it on a Friday afternoon so it ruins your weekend.

Best case scenario, eg by 2026: Copper production 25000 per tonne as per TB interviews, copper price at $15000 per tonne as per various predictions, dollar stays high compared to GBP, a simple DCF with some very broad assumptions, comes to around £4.50 per share. Not saying my calculations are on the money or even likely, but there is real potential here. No harm in dreaming!

Spot on. Plus I do think that we are in safe Canada with cheap green energy will give us a strategic advantage over and above the wider market conditions. It's all about profitability for now, as you say.

ps rather than mess around with plc, it would be far easier for management to simply steal the money that is in Russia. The UK has no control over that and neither do we really. But that would be against Russian law as wll. Russia is not entirely lawless!! However we would never know. All we see is some numbers on an RNS. This is the reason we have auditors and regulators

If they did anything illegal the directors could be jailed. They could stay away from the UK, but it is still a UK company, so the UK government would put administrators in charge of the company or liquidate it. Assuming the directors went a step further and simply signed over the assets (ie the subsidiaries) to a new company overseas, we would only be sharehlders in plc and not in that new company and our shares in plc would be worthless. So let's hope they dont do something like that!

We dont all know that at all about China and the copper price! While long term copper is a very good bet, especially copper from a friendly country like Canada, commodity prices often take a hit once the market figures out a recession is real. Recession = lower demand. I could quite easily see copper dropping temporarily to March 2020 levels. The question is, how is RMM placed to deal with such a drop, the duration of which might be 6m - 12m. We dont know the numbers, but what we do know is RMM has been cash positive (at the higher prices), they have a forward contract for the gold which is cash generative, and they are paying one of their main contracters in equity, not cash. So I am hopeful RMM can make it through H1 2023, for a serious blast upwards thereafter, without having to dilute. There is still a chance the drop will not happen as copper will be in demand by governments for the green agenda. Furthermore, Chile is a little unstable at the moment. I think RMM remains an excellent bet, with up to £2 share price realistic in 3-5 years.

Hi lodan. Yep all good. I was expecting THG to bottom out at 57.5p and then rise to 120p. It's not working out so far...!

I dont get why people are so rude on these forums. Cant you just have a normal debate like you would down the pub? Social ****ing media!

Anyway, even if we ignore the leases, they still have debt to pay back, so what does having cash actually mean in terms of share price? Maybe the argument is there wont have to be a dilution. OK if that is the point, then fine.

Hosai - I dont get the cash of £500m argument. They have net debt of £300m.

My HL phone app says connection error today and yesterday

Regulators will always prioritise bond holders before shareholders. The proceeds will almost certainly be ringfenced to pay off the bonds.

My charts suggest a low of 57.5, followed by a rise up to 120p. But if I was 100% sure, I would bet my house on it. If I was 50% sure I'd bet quite a lot. As it is, like everyone here, I just dont know, but think this company has real value, and have bet a reasonable amount, enough that the current SP slump is painful... But 120p by end of Sep is the plan!!

To my mind, geopolitical location is going to become extremely important. China might yet invade Taiwan. They might not. But it's best not to wait to find out - smarter to secure resources from "friendly" countries sooner rather than later.

I am pretty confident the sale of Evraz NA is the price OFSI extracted to give Evraz a licence to pay bond holders. I suspect all the proceeds will go towards paying off debt. OFSI is directing this process, creditors get looked after. Shareholders not so much

I have received SRN from HL today, and registered with Computershare. Like others, I am unsure why we are registering with Computershare for one day! Maybe EasyWynns is right when he says it avoids Evraz doing a manual job later.