Member Info for edzi

I apologise to Shuvlin and everyone else for my spelling, I should have checked it before pressing the button

Thank you Chester much appreciated, I agree that everyone is allowed their view but when it comes to people jumping up and down and saying that everyone seems to have an agenda it just becomes laughable. Leon will do what suits Leon NOT the shareholders, even Slater which is probably why he has put his own man in charge of finance. Just think about that for a second, You have an Investment Company and at the end of the day you have invested in a share calle Jubille because you like the Company story and plan. They eventually find an FD who goes after a year, then you have a new Chairman who goes after 2 years, then you have an MD who goes and in the middle of that you have to put your own man in to make sure that the financial side is OK. Now with all the qualified FD's ther are in SA or even in the mineral /minimg community, you end up with your main investors man. No one has ver though of the other side of this coin. I didn't have investors in any of my businesses but if I did I certainly wouldn't of agreed to have one of their own looking into the day to day of how I run the Company, even if it was Public, or on AIM which is light. To me that says a lot and still the business is not right. You may understand finance but you don't understand production. Everyone siad OH great Slater has put his man in, could it be because of a lack of trust and he has had enough.

We are all going to get truly shafted in one way or another because the business plan has now changed 3 times and if you think of it, JBL now produce Copper from much higher grade, well so do loads of other Companies, we got in because they could produce from gardes that no one else wanted and that was a big part of the plan together with the environmental side of it. We are now just another type of mining Company having to get in specialists who dig the bloody stuff out the ground for us. Wher has it all gone wrong. All roads lead to one place

OK Gotreal

I challenge you, Leon clearly stated that the first unit for Roan was ready except for painting, when it got there it couldn;t be started as they were still awaiting the electronic components to make the unit work. That is just one instance that the truth was not told. There are others as well and we all know it, contradictions etc etc. Now tell me I am not correct with just of these issues please as we had to wait at least anothe 2-3 months before it got going and it still is not producing the original amount from the original plan that he promised. Now is that libellous. YES on behalf of Leon it is as he didn't tell the market the honest situation

It's really amazing that when people who put perfectly rational opinions on this board, the two Leon disciples start saying things like agendas and other rubbish. The agenda here is to make money, and the other so called agenda if you like to call it that is to comment on the disgraceful way this Company has been managed by a man who doesn't tell the truth because it will splatter his ego. Everyone has said that when any written comment comes out of the Company it either leaves more questions than answers or is contradicts what he has said previously. Unless you say flattering things about the Company or Leon they are up in arms because you have an agenda. Unless the two realise that we have all lost our hard earnt earnings with this Company, not because of the original reason we invested but by incredibly bad mangedment who don't want to tell us the truth, When that happens in other Companies the leader oftern has to walk, and I wish he would whetever happens as he has proved he can't run a business unless he has minions around him who bow to every whim

If the price of PGM's stay at roughly a similar high they could consider floating off the SA Company as a free standing business as it would be making good money and then there would be a good return for Shareholders, I really don't believe Leon talking down SA so much, the SA company already has the structure and it will be doing 2 million tons of Chrome and they can wean the existing Contracts off. I would much sooner do 1.2 million tons of Chrome at a good price and 50000 ounces of PGM's in house than what we have now assuming that the pricesw of both metals remain quite stable in the future.

Hi Sagar

Yes thanks for your post, I am aware that they siad those 2 points but what I am trying to say or work out is at what price do we want a Strategic Investor in at as it waters us down. Stanvic already has over 30% which is fine but if IRH come in which to be honest is expected then what price will it be and what would the agreement be. I know a lot of this is down the road but it would be lunacy if IRH/ Alphamin dont buy us and if IRH buy a stake then this closes down others coming in to a certain extent. We all want the best price for our shares but to me if ther is a deal with IRH it MAY supress the final price.

For instance, if the metalurgical results come back and say that firstly there is Germainium there which Mark Gasson alluded to because of the lead being in with the Zinc, and then they say that it is possible to retrieve the Copper Zinc and Tin which I think they will be able to do, not that I am a chemical engineer, then we do a a big Sales story as Mark Gasson has already ststed that once you mine the Copper and Zinc then you are in a financially free ride for the Tin.

All I am saying is that I know IRH and I have been told what they are like, they had an agreement with Jubilee Metals which Jubilee walked away from, I also know some people in London who have dealt with them on other areas and although they have so much money they are not stupid and drive a very hard bargain which is to be correct, however we don't want a situation wherby we don't get the right bang for our buck. September will reveal all Good Luck

Hi LFM

This is what I have been trying towork out for the last few weeks. Some time ago there was a Broker note that valued the Company at 0.75p if they could claim to have 100,000 tons of TIN. Then there was a lazy House Broker note saying the short/medium and long range valuation was 2.79p. How they can keep the same price for all three time limits is beyond me. That was before all the Copper and Zinc was there. So who knows what type of value there is in the ground. All I know is that the more they find the more their worth and IRH/ Alphamin can afford to pay more than others because they already have the plant there minus setting up for Copper or Zinc/ Germainium, if Germainium is there. Klaus Eckhoff has already stated that we are 2/3 times bigger than Alphamin,

the next feww months should put a base line value on the value and if there is another fund raise I'm sure that the Company will make sure that the starting position for that will be 0.5p as a minimum. with the warrants available at that price.

Mornin all

Regarding the SP, if you look at the situation logically, we are in the Company because of the potential, others understandably want to know and understand much more about what is there before they put money into the Company which is why the Board are doing what they are doing which is creating substance to all the work they have done to date. We have all taken a much higher risk than others are prepared to do, does that make us right or them wrong, only the results and future know. If the MRE is good and if they also show that the metalurgical side is positive then we should be onto a winner.

The other caution is the DRC, some will not invest on principal as it is too higher risk for their liking. I still believ that we are in for a very positive future, whether it will get to the price we all hope for is another converation.

Shuvlin or should I call you Leona.

Please put your thumb back in your mouth and get back to sitting on the potty.

It is so very easy to get to you and then you show your true colours, amazing.

I'm sorry my spelling is not up to your measure, I apologise but I got thrown out of public school when I was 14 and then went on to make many millions staring up Companies 2 of which I sold to PLC's . But although through lack of grammatical knowledge, I still managed to read the sale documents and sign the paperwork.

Blubelly

Anyone who looked at your posts not knowing the Company would think just by reading them that the business was a basket case running around putting fires out and not having any plan or idea. You are absoloutely correct in posting all the RNS's as it gives a sober virew on how the business is run and why people leave.Well done and thanks

I honestly think Gotreal and Shuvlin are Leon's family as the protection they are giving him is out of this world.

I know that they are going to say they are waiting for the Circular as if the circular is totally different to what has already been released.

Insults on a postcard to Blue Peter

AIM 2025

Hi, You mentioned a Podcast today but I can't find one, do you mean the VOX podcast last week?

Regards

Hi Greener 101

Thanks for your response, I must admit that I to a certain extent took it the other way, They know about Kalayi and they were going to inform the market on it.The results so far on Agoma have been good and they also found another tin anonoly. However it is interesting that you took it as negative. You may be correct but I hope not. What is your opinion on the Strategic info Regards

OPINIONS PLEASE .

I have stated on a couple of occassions that I thought it strange in giving an estimate of material without deeper drilling, I think what they are doing now is much better but we need patience.

I am a bit surprised about how the market has taken the RNS and interviews as ther report is very very good and should only get better. I also accept that short term downwared fluctuations should be ignored and I understand that some traders wanted to sell on the news to make a quick buck and have now maybe withdrawn. However it is strange that the news has not been welcomed by a better response. Peoples thoughts please.

There is a lso the little snipit about giving a strategic update in Septemeber, I probably think another partner will come in with finance to pay for the next step of drillings. Peoples thoughts please.

The interview with Paul Barrett was sensible and honest and he spoke about Gerainium, ( not sure if that is the correct spelling) I am going to look into this but does anyone know anthing about it as it sells for $1million a ton.

Any other thoughts would be welcomed

Many Thanks

Hi LFM

I do hope you are right regarding the SP, it really is quite strange what is going on here, without trying to ramp and looking at the facts, this Company is being run by really good people and the futuer looks great. the agreement with M23 is also a big bonus together with IRH buying a controlling stake in Alphamin. However, like a lot of people I do ask why the investment is not attractive to others as normally when it'stoo good to be true ......................

Hi All

I'm looking forward to the next RNS but I can't understand why they did not drill deep to get better results

the circular is normally written by the ceo and staff it is then sent through to the nomad who will ask a few questions.

the nomad doesn’t,t know if the figures and wording is right or wrong as they have not really got an intricate hold on the company and it,s business. yes the circular has to be factual in some form or other, but things are always biased the same way that some on here are more biased about things than others including me because of the experiences that i have seen in these situations which is why you always get the situation where if people are taken to task they will say it was their opinion at the time of writing. it,s their opinion and they can,t foresee the future. what most people here are concerned about is the timing of throwing the baby out with the bath water. which is why i have always said the circular is irrelevant, of course it will give you a really good reason for doing xyz and it will give their opinion on value. we are just asking them to do it in about 6 months once you have proven that zambia is an entity that can stand on it,s own 2 feet and be a constant cash generator with no more hold ups and **** ups. for instance, they want to put in x amount of units, well the last time they did this it went 6 moths over the timeline because of **** ups in shipping etc. suppose something similar to that happens again, you must admit that it would pay to be cautious especially in this climate with all the wars going on

Shuvlin

If you read the post below yours from Papa, it clearly shows what I have been saying to you about how to view the deal and the circular. Leon and his board will write the circular in a certain way that justifies the sale of the SA assets. Which is what I have been trying to say for a number of weeks. The circular will mirror what Leon said in interviews regarding valuation and price moving forward. Please please understand that ALL companies wanting a certain outcome do this, just the way that people on this board do. Once the deal is done and when it turns out that maybe the outcome was more like what Papa says they would have already formed arguments to justify it. The interviews of Leon and the written responses from people like Charles Archer will maybe show different ideals which is why I have said what I have said before the circular comes out as like newspaper reporting it will be tomorrows fish and chip paper and it will be too late,

Good morning Shuvlin

I think what some including me were implying is that why do you have to sell SA to pay for expansion in Zambia thus losing the safety net of the cash/ profits that the SA arm are producing. It is also a fact that it looks like they are not getting the money in all one tranche so that automatically puts them is some type of restraint. That is the conundrum, if it was here is $90m and then they can expand, it is a totally different deal, one which then just argues about price.

As it is we are told it is UP TO $90m and we don't yet know what that means so you have to trust the buyer that they will stick to their word for the period of the buyout time. If they miss a payment then you have a court case which is expensive and you may win the battle but lose the war etc etc. It'snot a clean sale and the timing of it does not feel right because it suggests that they cannot get any type of gearing elsewhere for Zambia and that is possibly because they haven't proved that Zambia works. They have proven that tests work but we don't even know what that means yet. and we don't know if it will be Oxide or Sulphide so we can't do any costings etc etc. I know that we and especially you are waitng for the circular but please don't take the circular at face value as things change especially in Leon's world

If that is true and I have no reason to think that NoExcuses is making it up that is a real hammer blow, not only to the Company but to Leon especially.

I would have thought he would have told people as Ricus was running the Copper side. Another huge blow