Member Info for edzi

Hi Shuv

Hope you are well, I'm sorry if you just can't hack my honesty. I have always tried to look at things as they are rather than how I want them to be.

I fully understand the frustraion because HOPE does that to anyone including me, that is why I was in here for such a long time as my emotions got

the better of me. It's only when you stand back and try and take a long hard look at facts without any emotions that you can take an objective view.

I have been burnt more times than I care to remember which is why in this market I have taken a brutal look at my investments. Got out of some and got into

others as so far, well, it is fairly OK but not great. I still want to belive that JLP does well which is why I keep on coming back here to look. However I keep on feeling that same thing when there is an RNS and that is that The CEO is not reliable to tell the facts and until I see a different approach I stay out.

Tell me something please, since I have been posting for the last 18-24 months, who has been more right that wrong and where is the SP since then,

That tells everyone everything.

Mornin all

I keep on looking in here to get an entry point, I think all must accept that after the Board have said no more dilution, they treat investors with utter contempt.

Every time the shares go up then people sell as they rightly have lost faith in the Company. The promises have been enormous, the delivery has been terrible. It is very sad that such great potential has been ruined by one man who is not straight forward

Hi Mercedesman

From your mouth to God's ears, I am hopingthat they announce the 2 drill results serperately so we get a double hit assuming that they are

successful. The markets are so weird at the moment, the war started on Saturday and on Monday and Tuesday the prices went down sharply

and on Wednesday they are still bombing so the markets shrug it off and goes up while nothing has changed. It always does this but people panic.

We have not moved and people have bought which can only be positive Regards

Good evening all

I have not posted for quite a long time as thank God I sold all my shares, However I have been looking in all the time to see if it would be good to come back in

As long term holdes know I eventauuly turned agaist Leon as he was and still is a law unto himself and now the Finance Director seems to be running the show as his boss has lost faith in Leon and wants to try and get his money back. The trust and patience that people have in this Company is astounding.

Leon has not changed, late on everything, not telling the facts and smoke and mirrors. I hope you do all get your money back and I really hope it comes good, I have invested in others now and the news and forthright communications from these companies, one in particular is a breath of fresh air.

I really hope this Company does not ruin itself and waste the money. Good Luck all and best wishes

I'M not sure sending out a positve RNS is the best thing to do at the moment,

Hi All

I'm not sure if anyone is keeping an eye on the price of Tin, however it is now over $53k per tonne after slipping back to 45k per tonne

Hi Goldbug

Good post, Just to give you a background, I had my own business dealing with Corporate comms with the FTSE 100 Companies.

Mainly in Corporate messaging and Brand. The reason I say this is because working with the likes of RIO and Anglo I got very involved with

the Corporate Directors who often spoke to meoff the record with regards Targets and values. With RMR, I am a bit stumped.

Firstly because in the scheme of things it's quite small, secondly, value is really dependant on how much someone wants to pay for something

outside the normal way you scientifically pay for something. With large deals it's a balance between your value of something and your own SP.

By that I mean watering yourself down far too much etc etc. But with a tiny deal like this it's all about how badly Alphamin want this compared to

how much RMR are prepared to wait. A couple of things to me are quite important, Firstly, Klaus made an important comment on Alphamin, their SP

Their experience with exploration and a dwindling SP that may happen if they don't show more resource value. Secondly, I'm sure that Paul and Klaus will get another player on board to have some leverage, The Chinese could buy the whole lot if they wanted to as they need the resource. Thirdly, Klaus and Paul have already mentioned that they want to use RMR to move on to bigger and better things. Like others I have no idea whatsoever about pricing something like this even if they show over 100,000 tons and they importantly increase the value buy purchasing the other29% of the site. To be honest from me inheriting the shares and buying over 40million more my main reason was because of the exit stratergy that Paul Barratt spoke about, this has now changed.

Having the Company park Mt Agoma for another day which in this scenario is quite sensible but elongates the end game. I still think a deal quicker than you have expressed is possible because it won't be fortunes and it will give Aplhamin an uplift in price probably paying for the assett immediately, so technically

it probably won't cost the Company much. Just my thoughts and I am happy to be picked apart. That is what these boards are for

Well,Justsay this.

It's a balance where the |Chairman will always let the CEO do his job and add or fill in where relevant.

Figes

Hope you are well, Yes it seems thatKalayi will in some form or other be sold to Alphamin whether it be in a joint venture or maybe the new guy who has just gone to Alphamin from RMR will do the prospective drilling. This will make RMR fully funded to carry out more work on Mt Agoma and other areas of interest.

The question is, what will this do for the SP. Obviously, as I said future funding or dillution will not be a problem and income will be coming in if it is also an offtake agreemnt. Mt Agoma could be done in 2 tranches, Get rid of the Copper,Zinc and Silver and then prepare the area for Alphamin to buy it.

It was a very positive presentation which was factual and backed up by drilling results. Once the new drilling results from Kalayi come in it should be very exciting. They may even as stated just work on Kalayi and leave Mt Agoma alone until they have sold off Kalayi. What do you think the SP will do if they do the above? That is the million dollar question

Justsaythis

It's a;ways inevitable that someone says something negative regarding anything anyone does. Klaus is the Chairman of the bloody Company and he was there in case there were any questions that he could answer. If he wasn't there people would be complaining why he didn't bother turning up for an important videocall with Shareholders. You just can't win can you !!

Key2

With respect, why can't you put in the question?

Hi Andypaps

Thanks for your rsponse, agree with you but to me as I have said before the thing they have to do is but our the remainder which I'm sure will happen.

The grades should be better but the timeline will be much longer than anticpated to create the value that I think most people are looking for.

Mornin all

Has anyone bothered to read the Broker note out this morning. It's quite interesting and although there is a science to it I take it as roughly the following

and I would appreciate comments on whether I am correct or not.

If RMR find 200kt of Tin at a grade of 1.5% then the value of the Company would be between £73m and £80m dependant of currency rates.

This is because they only own 51% of the DRC Company but they have an agreement to buy up to 80%.

This is based on a new MRE. They then are going to drill more and do a PFS in 2027. This means the road is longer than I think anyone anticipated.

Your thoughts please

Hi Mercedesman

That's the whole point, if we were bought out then the price is the price I think around 2p-2.5p. If we are watered down again by Alphamin doing a drilling programme and taking a stake in the Business then that stops anyone else from snapping us up and we will be more diluted and have to wait another 6-9 months before value is found. In that time a whole plethora of things might happen in the world. I would like a sell out and have the money in the Bank because whichever way you look at things, it's bad now but things are going to get a lot worse globally and cash is always king. We must have a sense of urgency.

Thank you Mercedesman and Andypaps

Very informative,one of my concerns is that they will be an off take agreement, which personally I don’t want.

I want a complete buyout as this will maximise the share value and an off take agreement won’t.

I will raise the SP BUT CASH FLOW WISE WILL TAKE AT LEAST 12/18 months

Andypaps

Thank you for your informative post which seems very interesting. Can I ask you if you know the amount of reserves that Alphamin have because it has been stated on here that they have 3 years left and others say they have 200kt reserves which is considerablly more. On another note Paul Barratt said that they may drill a vertical hole down to 450mt at Kalayi at the end of the programme which I hope will show that the grades improve at depth. The very interesting area as we all know is Mt Agoma and if that is bigger than they initially thought which after finding the second area seems probable should make the situation very compelling. I would love it if someone came in and bid just to force Alphamin to the table. IRH have a bottomless pit of money but they are no fools and are rightly very careful with it. In Zambia there was a copper complex that someone agreed to buy and months later IRH just came in overbid and blew them out of the water. We need the iceing on the cake to make this really fly GLA

Bugzy

I got to know about IRH when I was in Jubilee Metals, They don't work like that. If someone bids for RMR, they will just outbid them.

The other side of the sword is that Companies may not bother with RMR because of that very reason as Alphamin have all the

set up already so they can outbid anyone

Mercedesman

Your post earlier today states that Alphamin have 300kt in reserves. This goes against what most people have been saying about Alphamin

having only 3-5 years left of reserves and at 20-25kt peryear makes it a lot less. This would make it more important for Alphamin to do a deal.

It would take about 2 years to prepare everything for them like the road and setting things up etc etc. If they had 200k they have no rush to do a deal

By the sound of the Rns there could be another one before the Investor meeting which should be really positive

Hi Antroot

Not wishing to ramp up anthing, however I have been looking into how to value a Tin resource. There are obviously so many things to consider like grades,

depth , cost of building a set up , jurisrtction, etc etc. Some yardsticks state that if everything falls into place then a very very rough value COULD, NOT WOULD be $2000 per ton, especially if it can prove that there is more there, ie, open strike. If Alphamin were to try and seeing as they have a ready made facility they could blow anyone out the water, and this was looked at with Tin being $30k a Ton, Please take this with a pinch of salt but even if it was 50% less per ton it will be a good result. The Broker has always stated 2.70p as a value, they have also stated that if 100k of Tin was found then a fair SP is 0.75p and that was over a year ago when Tin was about $30k per ton