Prem5 Feb 2020 18:26
Assessment of EPO22 Jan 2020 12:35
Rktech
In reply to your posting:
The granting of the EPO will be a major factor in the potential re-build of Prem.
I envisage a sudden surge in SP as traders gorge themselves ,the SP will then decline and settle.
A JV agreement will,IMO,have the same effect,profits will be made.
Before any bed wetting I would have to be satisfied that sufficient funding was available and that Prem would NOT keep coming back to shareholders for funding,this is why I feel that it is totally irresponsible for Prem to dish out any Circum dividends when at this and future juncture there will be pressure on development expenditure.
If the company is well managed we should benefit from a published DFS report,IMO it is only upon this publication that any sustained re-rate can be entertained.It is the DFS report that will tell us shareholders what mineral assets we hold and the viability of Zulu.Until I read the DFS and the potential ROI then all this bull about the value of asset is just hot air.Where Prem goes after the DFS is debatable,should the company go forward and commercially exploit Zulu or just put it up for sale,or sell part .
Then we have the Zim government,they will demand a slice of the action?
World events could have a materiel effect on viability--both in a good and not so good way.
At the moment my view is the asset has potential,very,very early days.
Looking forward to trading the EPO and the JV.
Regards
Acker