Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: AIM
Sector: General Mining
Epic: RMM
News: Latest news
Web Site: Rambler Metals & Mining
Other Articles: 02-02-201026-01-201008-12-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Friday March 12, 09:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Shares in the company were lifted by the news it started a 12,000 metres scout drilling campaign at its project in Mozambique, with constant updates expected in the next few months.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Friday March 12, 01:39Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24

Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

FULL ARTICLE ►
Rambler Metals & Mining

Rambler Metals & Mining

Rambler Metals and Mining PLC is engaged in the development and exploration programme that the Company is carrying out at the Rambler copper and gold property in the Baie Verte Peninsula of Newfoundland, Canada. The area has a history and culture of gold, base metals and industrial minerals mining. The Rambler property contains the former producing Ming and Ming West Cu-Au mines. In June 2008, the Company released its first NI43-101 compliant resource for the Rambler property.

CLICK HERE FOR FULL ANLAYSIS OF RAMBLER METALS & MINING
Wednesday, March 18, 2009

Rambler Metals still aims to start Ming mine production in 2010

company news image

Rambler Metals and Mining PLC said it is still aiming at bringing the Ming copper mine in Newfoundland into production in 2010. It is currently in talks with a number of third parties regarding project financing for the project.

While underground drilling and pre-development work was suspended in January to preserve cash, it is still conducting an underground engineering study covering mining operations for the first five years. The study is proceeding well and is on schedule to be completed by April 30 2009.

In its second quarter results and operations update, Rambler said net losses widened to £332,879 in the period to January 31 2009 from a 236,078 loss in the previous second quarter, because administration expenses increased £49,874 to £344,792.

Cash and cash equivalents at the end of the second quarter was £2.3 million and this figure had fallen to £1.9 million as at March 17 2009.  

President and chief executive George Ogilvie said: “We look forward to the completion of the underground Engineering Study in April 2009 which will demonstrate the long term economic viability of the Project.  We feel strongly about the Company’s future prospects in the coming year and we also look forward to resuming exploration activity, pre-production development and construction and bringing the Ming Mine into production in 2010.”

AddThis Feed Button
Register here to be notified of future Rambler Metals & Mining articles.

Investors interested in Rambler Metals & Mining recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.