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Rambler, a gamble for the bold

By Robert Tyerman | Tuesday 8 September 2015

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Unloved Canadian copper producer Rambler Metals & Mining (RMM) is to take over Thundermin, its 50-50 joint venture partner in the Little Deer and Whaleback copper projects straddling northern Newfoundland and Labrador on the Atlantic coast. This all-share deal follows hard on the heels of a new C$5 million (£2.5 million) offtake agreement for its flagship Ming copper and gold operation in the same region, for whose proposed expansion it hopes to have finance in place this autumn.

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Rumours of two placings FWIW