Member Info for ACKER

Interesting read whilst we wait.

https://tradingeconomics.com/zimbabwe/ease-of-doing-business

Re curo
The guy has one or two problems --best just left alone.
He reminds me of an old poster called "Dart"--he wanted to fight everyone.

Well done --good result.

Morning--and agree.

What cost to company for benefaction ??

George will soon step down,looking forward to the new management.

The recent government announcement may kick start development "use it or lose"
Won't bore you with REE research,will only say that i agree with ted that this has enormous potential for Prem

https://www.miningmx.com/news/markets/39216-zimbabwe-to-more-strictly-impose-use-it-or-lose-it-policy-on-mining-firmss/

Good post ted,well worth a read.
This is what CEO said about RHA and development requirements:
As part of Premier's recapitalisation proposal submitted to the Ministry of Industry on the 18 January 2018 including Premier's proposal for the restructuring of the ownership of RHA, RHA's management established that to get the mine into a state of sustainable and potentially profitable production they would require the following: electrification of mining operations, general working capital, further exploration drilling of the underground and open pit, plant upgrades, semi mechanisation of the underground workings, and development of a decline shaft and the equipping thereof to expose ore on the 810 and 760 levels respectively.
The restructuring of ownership would appear to be on going,I would certainly like to see the old government mandatory 51% removed and Prem take ownership of 100%
On RHA out put,how many times have we been here.The RNS statements frequently refer to past optimism about RHA production targets and revenue,although pleased with progress there is an element of "wait and see"
I would like to read that RHA has secured an "Off take" agreement and study details.
I would like to read that RHA,via Prem has applied for SEZ
Difficult times face RHA continued government support is paramount to achieving a profitable mine. The Roskill summary on future Tungsten prices is worth a read.
Reading between the line I think CEO is a little frustrated with progress.
Will CEO form a separate company for the mining assets,who knows.

IMO it is imperative that within the EPO agreement the Zulu Lithium project is granted SEZ status.
This would put Zulu on an equal footing with Prospect.

We all know what to expect--you have been told that all news will come together next week.
If that is correct i would have expected a swingeing increase in today's sp and evidence of large share purchases.
Time will tell
Regards
Acker

So what information did you get ??

Snowking--you say the same every week.
Have you been reading that Twitter rubbish again.

Friday afternoons on here crack me up .
Even Neil has turned up with more pillow talk with CEO
Wait for it--long term holders accumulating--classic.
Sp now back where it was last Thursday.
Enjoy the week-end folks

Working well today.

I really want to purchase more but my wife tells me "that's shallot"

Wish I was selling rose tinted glasses.

It's Friday--always blue on Friday.

Radika--here are my thoughts:

RE: Quite morning21 Nov 2019 08:40
Alan--just to confirm my equal thoughts:

Ackers list09 Nov 2019 02:20
Whilst it is quiet :
EPO= Krakatoa---there can be no doubt that Prem will get a signed EPO.
I have however,reservations regarding the deal in so far as the government including a few punitive clauses.
The extended area covered by EPO is enormous , should finance become available up to DFS the results could be interesting
Size is one thing,viability is another.
IMO the publication of the DFS report far exceeds,in importance,the signature on EPO.

J/V agreement good old George has given so many clues about how and with whom he wishes to deal with on a JV.
However this agreement maybe part of the,IMO,TOTAL REORGANISATION OF PREMIER AFRICA.
I am inclined to agree with those who have suggested a RTO.
IMO I think we will be presented with a comprehensive package of total change
If the EPO is Krakatoa then the reorganisation will equate to Vesuvius and Etna combined.
If the new company can secure a reliable revenue stream then I envisage a rapid period of acquisitions along with developments of our existing assets.Would not be surprised to see IRR join the new group.
In a period of 24/36 months Prem will,imo be a VERY different company.
Then Circum
We are still waiting for official confirmation from company as to which direction it is taking.
Not going over the voting options again,it is apparent that most are looking to take the money and run.

It all looks good on paper however even Roach has admitted that the whole concept of Zulu etc could be effected by factors not in his control.If all the ducks line up this has the potential to be a major player in African mining.

Looks like the sp is starting to germinate.

As part of Premier's recapitalisation proposal submitted to the Ministry of Industry on the 18 January 2018 including Premier's proposal for the restructuring of the ownership of RHA, RHA's management established that to get the mine into a state of sustainable and potentially profitable production they would require the following: electrification of mining operations, general working capital, further exploration drilling of the underground and open pit, plant upgrades, semi mechanisation of the underground workings, and development of a decline shaft and the equipping thereof to expose ore on the 810 and 760 levels respectively.