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we need to raise share ceiling to do anything of value or most will be taken in cost s
Steve...rha just had its electricity turned on. Give mnh a chance to get going
I actually believe GR will deliver this time but I also believe there is 1 more placing due and relatively soon. After that one I think it'll have a decent run to be fair
@NAPOM.... my commemts in brackets...
This is just the tailings. Imagine when the higher grades of ore gets mined from the underground. (Imagine being the operative word) MNH on board (they aleady are, we have use of plant etc... it has made no difference to the sp. MNH being on board will "possibly" reduce costs. The word "possibly" taken from GRs own wording in the RNS) + electricity connection (we only have "adequate" electricity. Adequate for what?) means PREM will have no problems (we have GR at the helm RHA has been nothing but a problem project costin circa $22m to date) hitting their production targets eventually (eventually! When 2025?)
The market has read the RNS and has reacted as I expected. The market simply does not believe GR will deliver. History shows the market is right. Your post points to nothing more than wishful thinking.
Translated Nap, I’ll believe what happens not what gr says.
Yes I’m aware where they come from. Already been processed once when extracted and I don’t recall the RNS stating the grade but referenced to study being carried out. Doubt that figure will come to pass.
Even when written in black and white with gr it’s not black and white.
Historical tailings coming from underground work done in the 1970s - not the open pit.
Looking at over 3.0 grade. Dont take my word for it, ask the company if your interested
RHA has been a long standing (literally) hole in the ground. Bunting will only come out if and when profitable.
Gav, revenue not profit. It’s profit that matters.
OK Chippyjo, if the grade is 0.8 that still $120K/mth revenue. Better than a poke in the eye cause at the moment we have SFA
This is just the tailings. Imagine when the higher grades of ore gets mined from the underground. MNH on board + electricity connection means PREM will have no problems hitting their production targets eventually.
Both of which won’t change the grade which is more likely 0.8
Previous RNS does not take into account MNH on board of prem and rha connection to electricity grid.
Supplemental.....bloody predictive tie pin )
From previous RNS
At the same time, we have re-examined our bulk test on historic tailings at RHA and are confident that with improved tungsten prices at present, we are able to expedite reopening of operations using tailings as a supplemental ore feed."
Sublime talk feed ore. No grade declared. Unlikely the figure in Twitter is correct at 3.6.
@NaPoM If you are that sure there will be good news by end of Jan Why don't you buy my all shares at my buy price?
this was on twitter are these figures accurate
https://twitter.com/ValueInvest0r/status/1219600536539992064
Expecting an update to follow shortly along with the other positive news expected to hit b4 end of Jan.
Phil, they've only just got RHA connected to the grid. You're expecting PREM to run before it can even walk. Production rates have changed so much due to running costs much cheaper with MNH on board and electricity connection in place instead of running on diesel generators
Mmm Phillip - he can't do that until they've stopped considering whether to do anything with the tailings and whether there is adequate electricity supply to switch things on. Can't generate a profit until you actually do something rather than stop spending other peoples money.
Of course that opinion is heretical, if you want the fantasy version of what's happening just ask Napom or Mal ..... after all they've four to five years experience of providing it in-between trying to prove (but failing so far) that it is possible to fight your way out of a paper bag
So let’s get back to the RNS
The market didn’t like it, as the SP is lower than it was yesterday
Shareholders didn’t like it as there’s a deficit of nearly £40k between buys and sells
Quite a few posters didn’t like it either by the looks of this board
We, as shareholders, cannot keep waiting for jam tomorrow. RHA should’ve been in production from the beginning of Jan. We purchased generators at a considerable cost to make sure production wouldn’t be interrupted.
This RNS should’ve been the beginning of really positive news but we got the usual GR crap of...nearly there.
As for funding, RHA is fully funded (again, see previous RNS’s were this was stated and GR came back for more) and Zim said they will give us the money they owe us. We already know this, there was an RNS last year stating this.
All I want from GR, but unlikely to get, is a clear RNS stating that production has begun and approximate figures to state approximately how much profit we will make in the coming months. I don’t think this is beyond even GR and his team