News

March 16, 2010

Rambler Is Now Just A Year Away From First Production At Its Ming Copper-Gold Project In Newfoundland And Labrador

By Alastair Ford

“Things are going well”, says Rambler’s George Ogilvie. It’s certainly hard to take issue with him. The copper price is firming up, the gold price remains as strong as ever, the company’s Ming mine in Canada is now just a year away from first production, and everything in the garden looks rosy. Famous last words, of course, but given the disasters of the credit crunch, investors might be forgiven for imagining that the worst might be behind them.

Still, seasoned investors will know that just because everything’s going well doesn’t mean that a company’s share price will start moving ahead in leaps and bounds. What’s needed is a steady newsflow, and actually, and paradoxically, as a company nears first production, newsflow is just what gets thin on the ground. The various stages of plant assembly don’t merit press releases, and they don’t merit much investor interest either. So, it’s a well worn pattern in junior miners that shares tend...