Member Info for CF73

Strongman has a valuable point. If you remain invested and underwater, it doesn't make sense to shoot yourself in the foot by talking down the stock. I agree that being realistic is key and is why always understand and accept the anger and frustration.

I hadn't properly absorbed Charlie's post but looking at it, I now properly note about those lower placing price estimates. That is poor. I can only imagine someone doing that only if they want it to drop to that level.

I am genuinely down here, with an average of 0.35p. MY holding has from time to time varied in size but have always held throughout. I believe that on the right news, it is possible to see those sorts levels again within 2 trading sessions. Many folks who hold on know this is eminently possible, that it's actually realistic. It's just about the news finally arriving.

In the meantime, if folks happen to be underwater, be patient. Yeah, I know, how much more patience?? But this is the nature of AIM. Bizarrely as it will be for some, I have enough confidence in GR to turn this around.

Charlie, appreciate that post. Believe we're entering a potentially news rich period,,with certainly the Barra Report due anytime aoon. That should begin to show the way at RHA

Regarding Circum listing, this is what I've picked up. Couldn't give exact timing but they have ('word in the streets') secured $500million debt financing and we're looking to raise $300million via IPO, that they working towards listing this year. This is what I've learned so folks need to do their research Regarding Barra Report is possibly close to release. RHA restart, probably has happened, but naturally awaiting confirmation. Looking forward to hearing about this Zulu not hot air for 12-18months. The KDNC proposition was a genuine process. And it seems that we are talking to others and should hear soon. RHA ownership is about new government settling in, with the new laws, and wading through its paperwork. We don't know how far but many other miners are in the same boat. However, a lot of pressure being applied by lots of companies for progress to be made..

Placings are done because we need the money. They're not done in a vacuum, without a purpose. But we can definitely explore issues of timing, amounts, their purpose and communications around them. 'Seems like a good time' makes sense if you place it in context - that is, at highs therefore reducing overall dilution. On the issue of purpose, we have been diluted at times for acquisitions we didn't need to make at that particular time, so timing there too. At many other times, we've definitely needed working capital. But I'm on no doubt that GRs interests are aligned with ours. He holds about 6.5% of the shares in issue and gas diluted himself from a position of 30% ownership. He wants PREM to succeed. If there's one thing that separates him from us, in terms of PREMs interests, it's that he has a point to prove. Keeping us going to this point hasn't been easy. However, we're about own 90% of RHA in the near future, own 100% of Zulu (preJV ) and have a very useful holding in CIRCUM who are about to list. We also have minimal debt (only $300K and that's to GR!). And finally, we're headed into a news rich period : 1 RHA Ownership 2 Barra Report on RHA 3 Zulu JV (Imminent) 4 Circum news 5 RHA operations restart Been a difficult journey but this looking very very promising from here.

Let's hope we go from 'Doh!!' to 'Dough!!' very soon

Interesting indeed Strongman. Much appreciated!

It was interesting that GR had that chat with Circum last week. Reckon it wasn't just about Circum. ZULU is a monster and they been after it for some time.

Or: - Or a consortium without KDNC??

Can't comment on the validity of Sharecrew's posts but I do believe that there's something significant going on with Zulu. I get that from the recent proactive interview. Folks will be very wary of reading too much into it, and understandably so. But have always thought that KDNCs extra 20 days was about whether they could find the money. I'm turn, over that period, PREM would've - and should've - been in parallel processes, ready to move on if KDNC couldn't do it. We all know that Zulu has been on many radars for a while now. So who is it?? - Circum/ Dattels?? - Chinese entity?? - KDNC and others as part of a consortium? As always, for folks to come to their own conclusions

The problem would have been that PREM would still have 70% of MauCo, the special project vehicle/ entity designed as the subsidiary. So PREM would by rights need to have control. I wouldn't want it any other way (at least for the time being). However, KDNC would have had two people on MauCo board and this would have been sufficient to ensure proper development of Zulu.

The entire SIM thing is a minefield. You should check the KDNC SP today. All time lows, into the 0.13p range, Feel for the holders there but simultaneously shocked that they never fully grasped the significance of Zulu and the deal proposed. It was good for both parties.

That 51 million trade was a buy and was not focused on whether or not the webinar would happen and they would not have been phased one bit by the deferment of that webinar.

The deferment of the webinar has been interpreted, crazily, as a problem/issue.

Personally, I am relieved it's not happening today -- especially since GR would not have been in a position to talk about anything sensitive, such a negotiations over Zulu. You could imagine folk saying that the webinar, if the Webinar had happened today, that it was a waste of time.

Agreed chippy, about webinar. Given the timing of the webinar, with everything else, makes sense to me that it got moved. As you say chat show. In which case, you should appreciate that by moving it, he's able to focus on the real nitty gritty, RHA, Zulu etc So why folks kicking off this morning??

Chippy, I'm giving him another another month to work through current programmes. Then will reach a final conclusion about my investment. But folks kicking off after the webinar deferred (and for good reason) is senseless

Charlie, you got a right to be angry. GR has got to prove himself.

But that was a webinar being moved LOL

GR is now free to work on the deal and write RNS, if that's where things are at

tedoby, exactly :-))

Elmwood, I go by what he said in the recent ProActive interview. I had transcribed the relevant portions and posted here. I don't know how close, but I am guessing that if KDNC were straining to ghet the funds to go ahead with the deal, that during the additional 20 days DD, parallel discussions may have been taking place -- again, potentially intimated by GR in the recent interview.

Then there was that 51million trade yesterday. Whoever bought those, did so not on the basis of the webinar but on the basis of what they know.

Its for folk decided for themselves.

Irony of ironies

KDNC couldn't go with the deal because they couldn't;t raise money - something about the idea of a placing at 0.14p not going down well with holders. This was when their SP was at 0.18p. Now, today, it's dropped to 0.145p.

Most holders over there never really got how significant for them deal would've have been. Just got to show the minds of PIs some times.

If a Zulu deal does land soon, it will catch a lot of folk out.

Charlie,

This is a ruddy webinar. They are meant to be working on Zulu deal this week. Why the fec k have a webinar before they've been sorted. In fact, he would have been burning valuable time on the webinar when he should be finalising those deals and writing the damn RNS. Then there were other folks going on about how he would nothing worthwhile to say in the webinar

Let's put it another way, that 51million-share BUY yesterday wasn't based on the Webinar happening today...

...don't think we have long and can see many folks getting caught...

ThumbsUP, exactly, the moving of the date should indicate that it's being moved so that everyone can more freely about a possible deal being inked right now.

As I've said elsewhere, today's SP drop is a gift and folks (especially those deramping) should think serious about it.