As a value investor I like turnaround situations. This video is good - prepared by an investor - and has a 'warts and all' style.
Some deep digging into the company which tallies with my own research. Neatly summarised.
I think it's an excellent turnaround opportunity in the Copper space in Canada that has significant upside potential.
https://www.youtube.com/watch?v=hh2iifj9AQE
Worth a look if you like turnarounds'. I am invested.
Happy.
anyone got any thoughts on today's update? Personally I think it is a mixed bag but the market has overreacted with a 20% drop. I have taken the opportunity to top up again...
I also think it's an overreaction given it's a producing mine in Canada, with efficiencies being worked on and a great price for copper in the coming years. I have also added given the thesis of a turnaround play in a rising copper market has not changed.
As they say, "In the short-run, the stock market is a voting machine. Yet, in the long-run, it is a weighing machine" and with one operating mine having upgrades in terms of operational efficiencies, tonnage and copper grade, and two further owned mines receiving attention from third parties to restart - and certainly not included in any NPV calculations put forward by the company, the value will come through IMO. I'll wait for the market to weigh the asset :-)
I exited with a 37% loss - should have sold sooner - its a nice story and maybe it will come good in 2025 as per their plan but it feels like death by a 1000 cuts at the moment. Best of luck to all holders.
We will need a lot of copper if the world is going to go down the electrification route. I've approached this thesis via the royalty route so I'm still up 35% over the last year. Speaking of Canada and royalties , Pierre Lassonde is ultra bullish on copper:-)
I've kept averaging down so only on a 20% paper loss now. The delayed financing confirmation should be through any day now (hopefully) and it is anticipated to be cash flow positive in 2021 q4 so the sp should start moving up again.
I am holding, and have been increasing - most recently below 20 and at significant volume because I believe in the turnaround story. Friday's after hours RNS on finance closure was fantastic news. The market previously seemed overly concerned on whether the company would get finance to continue with its remediation plan, but a recent bridging loan was read very well by the market, then it slid back whilst waiting for absolute assurance. It came.
This producing copper mine called 'Ming' in Candada with fantastic reserves, recent additional high grade drilling results which will increase reserves is now going full tilt at production with improved mining operations, increasing the number of stopes by four (reducing operational risk), and coming to the end of a previous $7,700 hedged copper price which the CEO indicated should clear Q4 2021.
2022 will be a massive turnaround year for revenue, profitability and cash flow and I see significant upside. The company also owns a mining complex called Little Deer for which they recently submitted a NI 43101 and for which they also stated they had received 3rd party interest.
This is my significant multi bagger for 2022!
With finance secured (29/10), and a overhanging convertible loan now payed off today 1/11 it's full steam ahead.
The plan is to be cashflow positive end of Q4 2021 and to hit 1350tpd with an improved copper grade. 2022 should be transformative.
I sense a strong turnaround coming. Steady progress, with the back up of good news flow on additional stopes, copper price hedge clearing, and production increases will feed trough to significant revenue increase, cashflow and profitability in 2022.
Further increases in production tonnage and grades through June to October demonstrate an improving technical and financial position for the company. https://www.investegate.co.uk/...
Excellent high copper grades announced today which helps production targets being met, and the ability to clear a copper hedge. Also a new investor presentation meeting: https://www.rns-pdf.londonstoc...
Further High Grade Mineralisation recently announced - https://www.londonstockexchang...
In addition, the copper hedge is close to being met. Imminent!
2022 will be a good year for Rambler Metals And Mining (LON:RMM)
Ramblers announcement yesterday - showing tonnage and grade increase and maintained guidance on the year of 7000t copper is a significant milestone for the turnaround. Further hitting of KPIs' set by management for June Production should see a health re-rate for 2022. It's now looking good.
I hold Rambler Metals and Mining (LON:RMM) and am seriously underwater to the extent that I can disregard my shares as an investment or anything else at all.
Skepsis, if you get diluted to bits it won't be!
I hold, will continue to subsidise Rambler Metals and Mining (LON:RMM) venturing.
anyone holding this ( and their breath with their faces turning blue). Disastrous rns yesterday sent the sp spiralling down 47%
