Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Got to be honest here. I hold 80 million shares in SRES and I've started to look around to where next to invest my profits. A mate of mine rich(Ragga....) on here, brought this gem to my attention but seeing you have coco the pj on board i dont think i will bother. Im just sick of reading his same messages time after time.... and why does he keep writing it in green?
I have to give credit where credit is due.... PJ does put a lot of hard work in posting all those green filtered messages over on SRES
Whats going off over here then? Privy spouting his love for the company by any chance?
Did he throw it out of his pram when the SP dropped below .09? ;)
His mummy is looking for his dummy.
What's the matter PJ ;)
And LTH will have little to show for it
There would never be any intention to build the mine. Get the numbers looking good, find a sucker with cash and pump it on only to find the numbers were ahem optimistic...sound familiar?
Tell them how much dilution will be needed to build the mine PJ not to mention when they default on the loan
I can understand the frustration of long-term holders, as I'm one myself. Not selling as think we are at beaches Brook with a 1 furlong to go. The next few weeks will be pivotal for Prem. I see this as the new bottom. One sniff of the EPO and all bets are off. With a much higher SP and leverage to secure funds against extra headroom.
Time will tell; good luck to all invested .
Matt, do you talk to Jamgoo, I always thought you were his sidekick!
napom, you need to speak to people like James Goozee and collaborate some plan to incentivise the BOD to get things moving.
A proposed 50% cut in salaries for BOD and senior management till RHA is up and running is bound to kick GR and his team into some kind of action.
Plus it delays any dilution till RHA is up and running.
"more knowledgeable posters."
Knowledgeable or honest?.....
Matt the tailings at RHA aren't economic on their own. The only use they have is to bump up the ROM material. And only because the XRT can sniff out any remaining mineralisation.
As for requiring permission from NIEEF I would think your wrong about that. We have mined already, and have the authority but not the cash. GR spend a significant amount of money on shaft upgrades that were unable to deliver economic quantities of ore. Coupled with the fact the we never ever got to the "magical" profitable stopes meant the mine was always going to shut down. Open pit, another GR own goal, shaft supposedly is positioned where the open pit mineralisation is. The guy can only get one thing right, his name and signature on his own pay check.
If he stopped looking at other projects we may have completed more work at Zulu, but the bufoon just cant help himself. Still the game lodge was a nice little sweeter for him and Mickey boy.
stevenc - well it takes one to have knowledge to know what a knowledgeable post is
wolf, because its obvious we're being given the same info as we have 3 months back.
look I felt this was a positive investment based on MNH and the progression we have been told of in RNSs right.
I think every investor believed in the MNH story, even napom now is still quoting the forecast of 38750 tons by end 2021.
MNH went from 5000 tons to 10000 tons processed in 1 RNS then another RNS producing up to 10000 tons.
Then suddenly MNH is producing just 5600 tons.....im questioning what is true and whats a lie.
Do i think this can come good? yes, if we're not fobbed off every single time with misinformation.
Its obvious that RHA/ZULU wont progress till after covid 19 lockdowns fully end in Zimbabwe.
At this point PREM starts to become a viable investment but right now i believe fully we're being fobbed off.
@Napom, you should have took my advice yesterday and stopped posting on this BB.
This is the second time in two consecutive days that you have been handed your a$$ on a plate by more knowledgeable posters.
I don't wish ill on anybody and its pretty painful to see. Seriously. Stop.
you mean misinformation from me or GR?
napom your the spokesman for the shareholder action group.
From GRs own lips back in February you clearly heard him say well its interesting you know I bumped into this lady on the Zim Govt stand and she addressed me and reassured me it was on the way to the printers, they have this gazette u see.
From RNSs back February we're importing equipment from MNH to produce tailings and possible open mining.
Then we're reassured this will happen.
Then NIEFF stick negotiations on hold and GR repeats his we will produce tailings misinformation and the same lies as February.
Now to MNH you can clearly see Napom the presentation we were given by GR in October which shows 10750 tons produced by end Dec 2019....you can clearly see this forecast after $1m investment..
You can clearly see that on the progression of MNH forecast they should be hitting 15000-20000 tons by now.
in RNS we're told continuously MNH is producing up to 10000 tons a month.
Then suddenly in the webinar GR lets price sensitive information sip out its just 5600 tons which obviously upsets the NOMAD and why they had to RNS it.
Napom, you do realise the NOMAD could resign based on GR dropping price sensitive information in a webinar?????????
Matt, why has PREM become the worst investment ever all of a sudden? For months, you have banged on about what a good deal MNH was for Prem... You even turned my head into thinking it was a good deal, so why have you changed your mind all of a sudden? You are coming across that Zimbabwe is a basket case, PREM will go bust unless you vote yes but that doesn't matter as we are all going to die of Covid anyway... I used to respect your opinion, not anymore.
Alright guys, have had enough misinformation for one day.
Enjoy the rest of your day.
0.05p that is.....can anyone see this webinar was to incite positive trading before the huge share dump?
napom I bet you nothing gets actioned and post SGM 3 billion shares get dumped from all the varying conversions.
you'll be on here cheering going we'll be producing tailings soon as this heads back to 5p.
you realise that the cash NIEFF paid covers around 20 days of PREMs overall loss?
you realise that PREM is stuck until after covid19 lockdown ends and they start negotiations again?
this is unless the SGM gets approved and GR does a post SGM placing of $1m of so to get RHA up and running.
Money that NIEEF gave is to pay for C&M costs at RHA - some for security and some overhead.
i think Matt is right we could if we have money carry on but no agreement to get it back is my view but as we have no guarantees on getting anything back like the generator costs before xmas we are at the mercy of Nieef