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Acker I must say your recent posts are welcoming as you try to express both sides of the story, not long ago I was getting the impression you just deramp (no offense) but I can happily put my hands up and say a wrong judgement on my behalf. Well lets see, hopefully prem holds the ace in this game of chess.
Highly likely that the Zim Govt want a good sized cash deposit in US Dollars in a Zim Bank Account as part of the process. I am sure that a Chinese out fit would be happy to put down say $5 million to show "financial capability".
Acker I must say your recent posts are welcoming as you try to express both sides of the story, not long ago I was getting the impression you just deramp (no offense) but I can happily put my hands up and say a wrong judgement on my behalf. Well lets see, hopefully prem holds the ace in this game of chess.
Rome wasn’t built in a day.. this EPO is expected to land anytime soon. Hold on.. it’s surely around the corner now. PREM has made some excellent progress over the last 2months.
iky786--it is,imo, a fantastic game of chess.
On the one hand you have Prem and partners wanting the EPO to exploit the natural assets and secure a healthy return on capital investment.
On the other hand you have the Zim government wanting to raise revenue for the country.
The government has one chance only to ensure that any mining activity in Zim pays enough into the pot ,the govt is desperate for money,money it needs to build infrastructure.
To get the balance right for all parties will take some negotiations hence the delay.
Until the pen hits the papers it is all in the melting pot.
So seems no epo is likely too, thats not good to hear but I rather be open to that possibility as I thaught it was a cert and a matter of time.
Alan--just to confirm my equal thoughts:
Ackers list09 Nov 2019 02:20
Whilst it is quiet :
EPO= Krakatoa---there can be no doubt that Prem will get a signed EPO.
I have however,reservations regarding the deal in so far as the government including a few punitive clauses.
The extended area covered by EPO is enormous , should finance become available up to DFS the results could be interesting
Size is one thing,viability is another.
IMO the publication of the DFS report far exceeds,in importance,the signature on EPO.
J/V agreement good old George has given so many clues about how and with whom he wishes to deal with on a JV.
However this agreement maybe part of the,IMO,TOTAL REORGANISATION OF PREMIER AFRICA.
I am inclined to agree with those who have suggested a RTO.
IMO I think we will be presented with a comprehensive package of total change
If the EPO is Krakatoa then the reorganisation will equate to Vesuvius and Etna combined.
If the new company can secure a reliable revenue stream then I envisage a rapid period of acquisitions along with developments of our existing assets.Would not be surprised to see IRR join the new group.
In a period of 24/36 months Prem will,imo be a VERY different company.
Then Circum
We are still waiting for official confirmation from company as to which direction it is taking.
Not going over the voting options again,it is apparent that most are looking to take the money and run.
It all looks good on paper however even Roach has admitted that the whole concept of Zulu etc could be effected by factors not in his control.If all the ducks line up this has the potential to be a major player in African mining.
Alan==I agree 100% with your post.
@iky786 IMO a very good possibility the EPO is not delivered despite the noise on twitter.
Well for starters the company could revise its website which is still showing that we have investments in forestry and Casa mining.What else is not accurate--have we still got our 50% investment in limestone in Mozambique ?
Dividend proposals for Circum,missing option--please update with details.
An official update on the progress of RHA,have we received the additional finance or still waiting?
Have we appointed a new chairman,Roach's tenure expired ages ago.
Have we opened JV talks ?
Are discussions still continuing regarding EPO.
Always had the impression that shareholders in Prem are only of use when company requires money.
Compared with other AIMs companies Prem is poor at PR
Yes it is possible, it's an African government, and it's also possible that the epo has many detrimental caveats.
Seriously is there a possibility we could get no EPO after all the "leaks" etc?
Informed if what? They will tell us if the epo is no longer in play, otherwise there is nothing to so, nothing has changed.
Yep here.
Disappointed that CEO has chosen yet again to abstain from keeping shareholders informed.
A very poor company regards PR.
Is anyone home!