Member Info for CF73

The criticisms levelled at GR and PREM could be - and are - being levelled at so may other companies across AIM. That is not to say that GR and PREM are not responsible. They've made mistakes and erros of judgement. The hardest ones are those related to not listening to shareholders. But from my contact with them in recent times, I have found them to be far more approachable and prepared to hear what we have to say. I can vouch for this. I have had contact with the company.

It is what it is. Focusing on what we have to do going forward is what matters. Constantly deriding the company and the team is not helpful - unless 'detactors' have something to gain by it.

Going on about GR rinsing the company is off the mark. Is all designed to take discussion away from what matters. And what matters right now is that we can sort of funding package for RHA and that we progress with NewCo.

It is interesting how the derampers and trolls arrive at certain times.

Keep going on about rinsing the company -- yet we see GR offer loans to the company, at reaosnable rates, and then, for example, convert to shares as opposed to taking control of ARCM etc. What GR did there was the best possible route for sharehodlers (even converting that loan at 0.16p - and lets not forget the 0.5p conversion!). Shares that were in turn in sticky hands instead of being sold into the market - as would have been the case if these were equity raises via Darwin/ PB etc.

Remain strongly of the view that NewCo is a genuine proposition and that discussions regarding the injection of government funds are equally genuine. Don't think we have long to go to hear IMO but DYOR

What a load of rollox Moljen

Two things:

Folks want jobs and economic security, the ability to feed their family and have a roof over their heads. That comes with investing and making sure there are viable industries. Remembering that Mining and Minerals is perhaps the foremost industry in Zimababwe

Thta article regarding the Minister discussing injecting funds into RHA/ PREM and now working out the exact amount is very recent. Not two years ago.

Your final conclusion is laughable

If their is anything terminal, its your depressed state.

Good stuff too tedoby-- with you on it being increasingly likely! :-)

Zimbabwe Government funding of RHA/ PREM was discussed in two key places. Together they more than suggest that some level of funding is going to happen and that news by now is imminent.

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"Premier African Minerals Limited ("Premier" or the "Company") is pleased to report that the Company received a letter on the afternoon of 21 December 2018 from the Minister of Industry, Commerce and Enterprise Development ("Minister"). The Minister has asked for some further clarification on the history of Premier's involvement and the restructuring of RHA Tungsten Pvt Limited ("RHA") and includes a statement that the Zimbabwean Government is willing to inject funds required to resuscitate RHA."

https://www.investegate.co.uk/premier-african-min--prem-/rns/rha-update/201812241000014292L/

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"Speaking by telephone from Harare, Minister Ndlovu said the Government was in a partnership arrangement with Premier African Minerals in the project.

“We are partners in that project where the Government holds 51 percent shares, so apparantly the operations have stalled because there is need for capital injection. It’s not much, I’ll not be able to disclose the amount now. We are still negotiating with them (Premier African Minerals) and we also want to verify if that is the exact figure (from Bara),” he said."

https://www.chronicle.co.zw/government-to-fund-premier-african-minerals-project/

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It's now my view that discussions around Governmwent funding have been ongoing for longer than we have come to know and that the Dce 24th RNS finally mentioned it because those discussions had likely reached a point such that it could be announced, otherwise it would have raised expectations. Certainly, the NOMAD will have wanted to see evidence to substantiate that particular claim around possiblity of government injection of funds. You certainly can't just throw that kind of comment in there, like on the fly.

Then Jan 9th we have that article in which the respective Minister is quoted that they are negotiating the amount. Naturally, he couldn't give away where precisely in the process they were. But it was sufficient enough confirmaton for me. Immensely encouraging.

Don't think we have long now.

Good luck to all the genuine holders.

Juste your last post pretty much owns up to you being here to deramp this stock. Truth is, you're trading this and probably have other IDs

Anyway, news not far off.

Juste, your questioning the government's offer of injecting funds on the basis of nothing other than for the reason you are, which is to deramp this stock. This is evidenced by how you continued to pour doubt over company prospects regarding that funding, even after I corrected. Particularly, though, I'm surprised you hadn't seen that piece that news, given it is significant and was very recent.

https://www.investegate.co.uk/premier-african-min--prem-/rns/rha-update/201812241000014292L/

"Premier African Minerals Limited ("Premier" or the "Company") is pleased to report that the Company received a letter on the afternoon of 21 December 2018 from the Minister of Industry, Commerce and Enterprise Development ("Minister"). The Minister has asked for some further clarification on the history of Premier's involvement and the restructuring of RHA Tungsten Pvt Limited ("RHA") and includes a statement that the Zimbabwean Government is willing to inject funds required to resuscitate RHA."

Zimbabwe has designated funds and budgets for capital investment into mining, industry etc as per NaPoM's recent post.

The offer of injection of Zimbabwe government funds has been RNSd, just a matter of how much?

Meetings last week in KME and CIRCUM and so I'm expecting news soon.

Kenirogas, I hear you but SEC have gone after YA before and with purpose. However they failed in court and came out of it looking bad and smarting for it (apparently offering 'no comment').

In terms of our case against YA, SEC could only pursue it if it were brought to their and the evidence subsequently provided. They wouldn't immediately be aware of YAs naked short selling. That would be down to us to inform them.

Therefore, if we had evidence against YA, we could 'threaten' YA with going to the SEC knowing that the SEC wouldn't hesitate to pursue it with vigor.

The deal resulting out of the disagreement between FRR and YA suggests three things to me; a) that the deal clearly favoured FRR, b) this meant that YA must surely have been found at fault, otherwise why else would YA agree to terms that favoured FRR, this especially after YA tried call a default (we know though they naked short sold FRR shares they were entitled to), and c) that if YA had been at fault, like and others believe, why were they let off the hook?! I say this as the resulting deal was only a restructure, even in our favour. We could have gone for the jugular. Some folks maybe aware that the SEC have been after YA for a while.

So what gives?!

I can only conclude that YA may be supporting our case against Hope and OMF with critical evidence.

Crystalrollox, whoever you are, you really need to take a good look at yourself!

NaPoM, thanks for that. This is good to know and much appreciated.

Folks need to be wary of where they're getting information from

Anyway, news on the horizon,

Massive week. GR meeting in Londinium. Getting on with it regardless. Zimbabwe government confirming they're prepared to inject funds, just need confirming amounts RHA / NewCo, Circum...

Good luck to all the genuine holders!

Had to sell a few shares in other stocks recently for exactly the same reason.

Actually, a theory put out there on Twitter is that the sell is for someone's tax reasons. When I initially saw the trade, felt the same.

Mitch, really is valuable that you do your own thoroughly research here. Short round up from someone won't convey the risk-reward situation properly.

Good luck to you whatever you do !

Agreed 2857mal!!