RE: X (Twitter)4 Jan 2025 08:00
Another Oak Securities deal, and perhaps in some ways the most conventionally attractive, given that we are talking high grade tin in DRC, and with an experienced and proven management team. The potential here was underlined last month as RMR revealed “significant tin hits”, all within its flagship Bisie North Project. The company has said it is confident of unlocking a simple, open pit, high-grade tin resource. This was enough for the company to secure a strategic investment of £4.2m in December, and one would expect the share price to return to the October peak of 0.48p and beyond early in the New Year, as more drilling and more assay result reveal the quantum of what RMR is sitting on. Given the way that the company hit the ground running in terms of its exploration as soon as it completed its RTO in July, there is no reason for the shares to be anywhere near their listing price at 0.30p.