RE: news29 May 2018 15:52
Hi CB. Strongly worded.. perhaps. But Microtan and NaPoM spout a lot of drivel on here and they need to be called out for it. The conclusions they jump to without sufficient underpinning has the ability to make inexperienced investors get involved here on a mis-informed premise.
With regards to your comment on GR going all out to get the funding required up to and including the concentrate plant. This could not happen at the moment. Someone would have to sign off such a deal and without a PEA and with a market cap of �10m no-one in their right mind would be able to justify that level of investment, especially anyone in Government, whether it be in Zimbabwe or elsewhere.
Just look at what has happened with RHA. A poor resource model will be a major contributor to undermining investors confidence in the project. They have spent $20m to build a plant on the cheap but don't know whether they have ore at sufficient grades to run it profitably.
The only possibility of this happening would be a high net worth individual getting involved, but again, they would not get involved without PEA in place. Hence why we need to take a step back and smell the coffee.
PREM needs to start taking small steps forward and making progress rather than looking at one huge leap as alluded to in the article. PEA first. Then they can start talking to the majors about next steps forward (assuming PEA is favourable - despite having seen some good results we cannot be sure this will be the case).
Anything else Fuad or GR release before then (such as Katete) is a distraction from the real end game here and should be treated as such. GR needs to focus. No more woodland, CASA, Limestone etc.
Bickmaster
Sign In
Follow the stocks
