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That’s my point. All GR has been talking about is the 90%. There's nothing about a jv partner. And looking at Zulu discussions it could easily take a year to find a jv partner after we get the 90%.
Val, 90% will not be priced into the MC.... obviously until we have a JV partner.
It makes no diff to the market if we own 49% of a poorly defined asset or 90%. Look at the market reaction to the kdnc deal. And I mean the closing price. Until we have cash in the bank....and 90% is not cash in the bank. Just more ownership of a money pit.
Val, how can 90% priced in the MC?, Circum we will be locked in but once again, that will reflect on the MC, the correlation between the MC and the SP will substantially move us forward.Wolf
Couldn't agree more Val... That's why we are on suspension HOLD until RHA lands or Circum.
yeah, before prem I didn't realize that you can write pretty much anything you want in an RNS if you put in the words 'I expect' in front of it.
Yep Val just awesome, what a solution to keep the GR and family gravy train going why don't we dilute even more. You really couldn't make this up
sweet! the solution to all of GR's problems. just issue more equity and dilute existing shareholders. I have a feeling even those who consider themselves lucky and have sub .20 averages, wouldn't be too thrilled with a sub .10 raise... and yes, it would be a sub .10 raise. the .16 raise showed how little regard GR has for shareholders....
Moljen... if it was a "going concern thing" then the company could hold an EGM to raise the share cap and place shares to raise funds and in turn satisfying any going concern issues. I struggle to believe you truly think this is the end.
Val - somebody once bought me some anti-sarcasm spray as a present :-)
Anyway a good news story on Prem, instead of averaging down a while back I bought and have added a shedload of VRS , nearly but not quite made up for everything p***** up against the wall here.
Obviously just what I've p**** up against the wall not what the Company has, that would even stretch my resources.
You know you're in the poo poo when gallows humour takes over.
Come on Val, Xulu, NaPom et al the holders need to be told all is okay because we've got a change of political will in Zim and GR in charge. PMSL
and here I thought you'd see the humour in that! it's been imminent ever since I bought (gives you an idea of how long I've been holding this...)
that was one on my concerns , just news to lift the SP knowing the books could be delayed and that would give GR some more imminent time to hide behind
FFS Val you've just gone down a notch in my estimation - think the word imminent and Darwin are both reasons to run a mile from an Aim Company. Just wish I'd know that before I ever invested in Prem
I met Kiran a few times when he was involved with a previous miner...nice guy...but in the end the company went bust.
We are almost entering Circum imminent territory!
Think it's more a "going concern" issue - lets be serious we've p***** away a small fortune on totally illiquid assets and aside from a half cocked financing proposal from KDNC (who incidentally don't have a pot to pee in - CLN's due Sept, massive cash requirement at BCN etc) we have nothing other than some potential mineralisation in the ground. Honestly think the KDNC thing is just a mates (DL) help us out thing rather than actually anything that'll ever come to fruition. Obviously hope to be proved wrong but there really isn't much point sticking your head in the sand, it is what it is just another Aim car crash we all bought into based on little more than wishful thinking somehow dressed up as RNS's
Maybe the issue is not the impairment but the new auditor. They might not be comfortable signing off to what they are reviewing.
OR maybe JS Jacques called up George and put in an offer for prem. remember all those 5 mil buys last year, a lot of folks were convinced it was Rio...:)!
I haven no idea if it will or wont, but its definitely right to say that writing an asset off the accounts doesn't take long. In fact, as they knew it was coming up to D-day on the accounts, they could have been prepared already without the asset.
Yep, think we've been right royally screwed over whether through design or incompetence
You actually believe this isn't coming out of suspension?
Nothing wrong with your post, think most people with prior experience now accept this is up there with the dodo as far as a comeback is concerned and quite rightly have written it off. Think it's going to take some other people a little longer before they impair their investment here, based on some of the name calling and insinuation also think a few of them are in deeper than they care to wish.
Ihavenoclue, thanks for the advice, notwithstanding which, I seem to have done pretty well over the past 35 years. But I' ll bear it in mind. Perhaps you could explain why my post was wrong?
Addicknt... I don't think you should have anything to do with shares IMHO You are far too emotional when that is the first thing you should take out of the equation
last year the suspension was lifted on July 12th...
A smoke screen to await RHA equity sign off resolution. Full year accounts suspension is an annual experience as a PREM holder, relaaaax ;)
you take a "full impairment" of an asset, it takes about three minutes to adjust the accounts accordingly; not three weeks.
This was a smoke screen.
I'm not expecting to see any of my investment again.