Member Info for ACKER

Seems to me that CEO has put the company into a right old mess from all angles.

So we find out now that the drilling crew was not "complete and operational " at the end of April

I really think the poor old chap is out of his league.

Acker

At this price 5 billion shares will no be enough.

As someone has already stated..why didn't he raise the ceiling when SP was .35--.40.

IMO he will want a larger slice of MNH.

Acker

WAtchers 36--the CEO will remain at the helm as long as the CEO wants to.

Th "Pandora Group" pander to George..and in return...well I shall let you decide what happens.

Acker

steward 1.. great post,I think you have covered many of the areas concerning shareholders.
I agree that CEO is finding it difficult to raise 3rd party funding.He has had to come up with this great notion about owning 100% etc,strange really,back in 2018 when lithium was at a higher price CEO offered 30% of Zulu for $5.1m DFS money AND an option to sell a further 19% under a first option agreement.
I really think his ego will be his downfall,he wants to be a big player in the mining world but has no track record to support it.
One thing is for sure..he will mess up Zulu.

Acker

http://huiyi.smm.cn/2005040220/index?pageId=2005043273

Would be interesting to get the "debrief" from the conference--where the market leader is taking the world .

Acker

Now let me guess...all motions will be passed at the AGM

Acker

Speculate1 which venture are you posting about...read an identical post about RHA a few years ago

Acker

Ligonha Gold..Mozambique

RNS 30 Nov 2020

"I am conscious that shareholders anticipate further updates and developments, and these will be forthcoming in the near future".

Awaiting report George.

Acker

EPO..still waiting George;

"Premier expects to provide details in regard to further developments associated with Zulu and full details of the terms and conditions associated with the grant of the EPO in the near future."

Acker

Extract from RNS 31/03;

"The appointment of Geodrill is effective immediately and mobilisation is commencing. Premier has sufficient funds to pay the mobilisation charges from existing resources and the full drilling camp is now expected to be completed and operational by the end of April 2021."

Does everyone else read this as drilling was expected to commence at the end of April.

Yet Snowking tells us that drilling has not yet started

Confused

Acker

Report looks good to me.

Growth in USA continues..this is what i want to see.

Good figures

Acker

An amazing coincidence;

In a previous RNS Prem reported that the cost of a Zulu DFS had been calculated at $5.1m [26.06.2018]

In yesterdays "chat" CEO reported that the DFS for Zulu would cost--yes...$5.1m 19.05.2021

This,IMO,raises the question...has the company costed the DFS at today,s rates or just used historical figures to raise the finance from shareholders.

Zimbabwe has one of the highest rates of inflation in the world.

Acker

iky786--IMO it will really depend on this very important RNS.
Expecting a drop to the range of 12..14 but only for a short while,investors will sweep up cheap shares..me included.
Where then...I don't know,will we get news about RHA or MNH?
A very pivotal stage for Prem.

Acker

AGM 1.00pm on Friday--not leaving much time for shareholders to digest any finance deal etc,etc

All motions will be passed--he will do as he pleases.

Shareholders are just "cash cows"

Acker

joeian-- read my posts and you will find the answer.

Still think it is a strange request--

Acker

joeian--it killed the cat.

Rather a strange question to ask someone ??

Acker

On the question of dilution surely the answer is logical...the company will want to dilute at the highest price possible.

The pre dilution price increase is commonplace.

Another tactic often used by companies is to issue a bullish RNS which attracts investors...then dilute.

It is a common practice.

Acker

joeian--why do you wish to know ?

Acker

Edgy007--a question you could ask Snowking--he is aware that a dilution is forthcoming and yet is telling us all that he continues to accumulate.

Acker

This would suggest that an RNS is on the way.

It would be a pointless exercise to do a podcast prior to the issue of RNS as he would be unable to talk about sensitive information not in public domain ie funding etc.

Just my thoughts

Acker