Member Info for Jimzi

Agreed. Explore, prove up, deliver. That's the BODs job and its done. In addition, there's a whole extra v attractive business. As you say, rare as hens teeth. V suprised to be able to get in at this level.

Agree but its tight - hence muted response imo. Cham1 one is right, get a big one and it transforms prospects - and its very possible

I suppose the muted response is that there is a race between growth [to become profitable] v cash usage [needing another placing.

👍

At least this sets the bottom the sp range

Yep, clearly I’m excited from what I’ve seen from the RNSs but it’s not my place to suggest to others what to do. I’m just posting my interpretation of public info knowing how private equity works if anyone is interested and welcome other views.

Looks like one reason that we took COO Noureddine Sabraoui, [ the founder of the Moroccan Association of Mining Companies] was his sourcing of the Igli project. The RNS states assay samples were taken in January so this deal has been 9 months in the making it looks like he brought this deal with him [joined Dec 2023] . And soon after his joining precipitated the trading partnership with a global player. Given the outstandingly high grades of silver and copper and its location next to the world's largest silver mine means the price of £610k is a steal.

The strategic investor is private equity fund led by Guy Rothschild and works closely with the Abu Dhabi's Royal partners so has regional presence and experience.

https://www.talk-business.co.uk/2021/05/27/a-new-fintech-project-from-financier-amir-nagammy/

As they stated, their main focus is the financial sector so why here? Our chairman is a director of the fund so is clearly held in high esteem so when he shows them the potential of Igli, they want in. And big.

That's the reason for the CL. They can have an indirect large holding without having to launch a takeover. But why did they come back and ask for more the next day.? Because they crunched the numbers, they realised that when combining directors holdings, new options and their diluted holding, they needed £150k more to guarantee an indirect 75% -the required % to completely control the company. Now the structure all makes sense as do the purchases in January of the director at 3.75p. [we were already on the ground at Igli]

I read this as all the insiders are extremely excited and confident about the company and specifically Igli and they secured the license on the cheap. I also read future funding will not be a problem and that the minorities [us] may either be bought out within 12 months [last conversion date] [check director options for min price]or left to enjoy the long term fruits.

Either way, there is significant upside from here. The RNSs may be slow but they will be transformative.

Just shows the premium for a largish trade. Even after all the sells it's still 11.84 for 200k.

The small float with no warrants will work in our favour soon.

No problem.

Lawyer [retired] for my sins!!

From the wording of the RNS, it should be in place . In the March RNS they said they were in the process of formalising THE partnership.

If it was just a possibility they would have said potential partnership. Formalising means make official. You can't formalise a possibility.

I know this may sound pedantic, but reading official releases [RNS] properly can make you money [or minimise your loss] and good companies take care with how they are written. One word can make a difference.

So on the strict reading of the RNS, no further announcement is necessary & as we know, this BOD only says something when there is something to say unlike many other PR desperate Aimers.

Most important, the global trading house approached us. [which is an incredible endorsement of the good position we have in the region no doubt largely due to our COO Noureddine Sabraoui, [ the founder of the Moroccan Association of Mining Companies]

As you say, a significant advantage.

And PALM is up 30%plus in the last week based upon a licence being granted. Ifri licence already in place

Fair points but this is a sensitive little thing given its low float. I take comfort from the strategic investor's due diligence at a weighted 1.15 expanded investment of around £1.4m, they are privy to more info than us mortals. And don't forget, we have an independent source of high margin income vis the trading partnership which sets it apart from all from other juniors. We won't know how well it is going until results but it shows that the company is well respected / connected in the region.

I also think as there is virtually no following, the potential enormity of the acquistion has not been assessed by the market - atm no one really looks at CMRS.

I'm not expecting a rocket just suprised at sells almost at the strategic investment price. Its not a bucket shop raise but yes, I accept folks get bored.

Not with the MTA on going

It is. It has an EV of £2m for all 4 divisions. We can see its turned to profitability cash wise. [we have more cash and net working capital than the placing in Dec. Nice £400k contract suprise yesterday. Without tempting providence, no placing for ages, if at all. Heavy hints MTA going well - and indeed backed up with evidence that it is still on going after 6 months [if crap, it would have been disclosed in the results] and the data will be reported shortly for a nice £ bun fight between global players as they know the supply chain needs diversification.

The deep discounted placement in Dec was at a price that the placees thought was a bargain - that's how they work generally. Since then, the BOD have done well doing the surgery to make it lean yet expanding [so the rev/cost structure is attractive], and MTA results due soon.

We have no clinical or FDA kiss of death problems, we won't have to wait years for outcomes /deals - weeks/months and as said before, loads of cash i.e this is ultra low risk for the industry & it is internationally recognised in this field

We have 60m shares, no warrants, no dilution, no debt and an EV of £2m for all the above.

Looking at the trades so far today, appears to be 1 seller hitting the bid 15 mins after opening with 130k- which with a 60m float has an exaggerated effect, and then a few follow. ATM, only 50k more sells than buys but 8% down effectively

Plus receivables less payables excess £500k

If you have £4.5m on hand at the end of the last quarter after the £4m placing in Dec, it tells you everything.

"On delivery of the project, there is the potential for conversion to a longer term supply contract for the processed textile material."

You were talking 20 bagger just before opening 😂😂

Show cash plus receivables of £5m, trade creditors £400k so effectively £4.6m cash.

Currently valuing the actual business at £1.4m.

How does the market get it so wrong? Outside this bb - no one is interested / heard of RUA ....for now.

Jam tomorrow? Got £4m of jam now and profitable with mcap of £6.7m!

For how serious a product it is, MTA has been progressing [due shortly] at break neck speed, it will be done to ISO standards and oven ready for a deal - bodes very well.