Member Info for CF73

sharecrew, think its best to let thing stake their course. If there is a deal being worked through at this moment, then great. Personally, I do believe there have always been a number of interested parties. Do believe also that the KDNC deal will have motivated them further, till someone has offered a good enough deal. But is best not hyper ramp this. Just let it happen.

Good luck to you and all the genuine muckers on here!

That 5.6million trade was a BUY.

Nothing sensitive has been released. It's just a bit of further insight. As always, up to folk to decide for themselves

Regarding the DD for Zulu, there was nothing said about the process leading in to a JV deal around Zulu. But had wondered all along about how much DD was required, especially if interested parties were well enough aware of the resource/ project. Again, KDNC presented a genuine opportunity, one that fairly valued the project. Shame it didn't happen but may well flushed out another deal. Zulu is a monster project with immense economics. If you're a significant player looking for such a project, you don't let it go when you find it. KDNC genuinely tried. But couldn't afford it. Opens the way for another. Folks need to let this play out. Good luck all!

TTP, never been in doubt about the outcome (i.e. binding JDA coming home) - just a matter of when according to the satisfaction of those involved in and overseeing the process.

Every day now a day closer

Good luck to all the genuine muckers :-))

1. May be they wanted to do a number proactive and vox markets interviews because the upcoming news would be great?? 2. They wanted to stretch it out, ham it up and milk it because they had amazing news coming?? Seriously though, can see value of it if there was news like road funding confirmed, on.the back of some initial but up to date numbers. Would help get word out, lift SP and generally put pressure on parties interested in a JV but who were still on sidelines. There's definitely a need for the company to step up and meet expectations they themselves are setting. Good luck all!

Similarly, how is it that any folk claim he is working part-time?

There has been concerted efforts to suggest that he doesn't work hard enough. I have had sufficient contact with the company to know that he works intensely for PREM (i.e. contacting his colleagues over weekends). In other words, when I said, "And he isn't working on this part-time. He is working on PREM full time and more. What other CEOs do this??" --- this was a result of my speaking to the company.

That's how.

Doesn't mean I am happy. As I have said before, I am down and want payback. And I will be here till I get it.

Good luck all.

Strongman, have to concur regarding how GR is vilified. He has made mistakes, certainly I would argue so. But it doesn't warrant the vitriol he's been on the receiving end of.

When PREM started off, GR owned over 30% of the share capital, if not way more (I cannot remember exactly). Out of everyone he has been the most effected by the dilution. Doesn't make it alright of course. Some of that dilution was unnecessary, it would be quite easily arguable. But he is down millions here. He has also loaned the company money at difficult time, on terms you wouldn't find anywhere. And he isn't working on this part-time. He is working on PREM full time and more. What other CEOs do this??

This is not a CEO who sees PREM as a means of maintaining a lifestyle, something clearly the case for other AIM company leaders and management. GR's committed to PREM. Make no mistake about that.

GR ain't perfect. He's made mistakes. He needs asking difficult questions. But right now, no-one could replace and continue the path we are on because it's more than simply having the competencies of a CEO. We're talking about a specific sector in a specific continent. You just don't parachute someone in.

Excellent post strongman!

Thanks tedoby for another great post. Should help folks with detail ahead of the Webinar. There is significant progress being made in ways we can't yet see. Someone will JV into Zulu at the right price (as said earlier, the proposed KDNC deal will have flushed out another serious party, one likely to have been interested for quite some while). I'm confident of progress on ZULU and with RHA, we're having to undergo the same governmental processes as everyone else but are nearing conclusion all the time.

The announcement of another interested party undertaking DD will be significant in itself, but naturally, after KDNC, it's the confirmation that matters. GR seems confident that they will be able to replace the 'KDNC possibility with another', and 'may be even a better one' (to more or less use GRs own words). Let's see how quickly this can happen.

Chippy, I'm actually a long term holder, but my holding has varied in size and am down with an average 0.35. If there are times I haven't posted, it's because I thankfully have other stocks in my portfolio. As I see it, I'm owed payback. As I also see it, while we've been down at these levels for a long time, the various bits of news we're waiting for, can bring us back to 0.30p and 0.40p within 2 or 3 sessions of trading. This portfolio has serious potential, especially in the context of the present SP and Market Cap A lot of good folk here deserve better, including the chance to recover losses before they finally decided whether or not they do one. Am confident that under the right news, we'll breakout for good and folks will be able to get the relief they want. Wouldn't take long at all.

Regarding Zulu, there has always been interest so is not like we are looking to find someone else from a standing start. But how quickly these can be moved forward is a different question. He said he hoped something could replace the Cadence possibility in short order. So worthwhile asking at the Webinar what he means by this.

Also, interested in Circum progress. He had a discussion with them during the week and has likely been brought up to date, though not able to say a huge amount to us. See if there is anything he can add in terms of detail while not contravening any promises he's made to Circum about secrecy etc.

A lot going on and an Important week ahead.

Good play on words Phillip1976, had to tick up.

KDNC DD was a great opportunity but believe that it's opened the way for another deal, and as they have been suggesting, perhaps one even better. Also found strongman's comments interesting in that Zulu could be even bigger than has been so far proven (we know between 120million to 160million tonnes for the Main Zone - but there is also a New Zone of reasonable size).

Sometimes things appear as a mirage only for you to bump into them.

I actually thought the ProActive Interview was extremely positive.

Big things with Zulu and Circum on the horizon and very soon.

Decisions/actions of the past a haunting PREM/us at the moment. There, understandably, feels like a never ending sequence of non-events and bad news. Those earlier bad decisions, whether around RHA or TCT; or buying more Circum shares and Placements, seem to connect with current issues around KDNC and their DD for Zulu or our still waiting for news on RHA ownership.

Feeling like it's connected and part of a wider problem, including to do with GR, is understandable. But we need to think we take into the things that have been outside of our control.

KDNC didn't go through with the deal because they couldn't afford it. Zulu was right up their street. It's a major pity for them they arrived to it now as opposed to years earlier, instead being lumbered with their current projects (including BCN). I'm certain that KDNC wanted this and that the extra time they sought for DD was to explore and test for for whether could do it.

RHA ownership issues are indicative of wider systemic problems over there - many other companies going through restructuring in a similar way and are waiting on the Zimbabwean authorities, following their elections, to reorganise departments and be ready to go (GR talked about this in the Pro-active interview). I have posted a link to Caledonia Resources who are going through identical issues.

While these seem like they must be a part of a catalogue of disastrous mistakes and errors, the two I raised were not in their control.

I have raised with the company the issue of needing positive news and soon (not that they aren't aware of this concern).

The onus is on GR to prove himself. Shareholders are in their rights to challenge him over his record and his pay.

This all said, I don't believe for a second that he isn't committed to PREM. But he does need to deliver. And yes, this can still turn just when folks aren't expecting it.

Good luck all, especially LTHs, who deserve better.

Post of the week ODR.

In the Proactive Interview, GR said,

"...And that we had always said that there a number of alternatives to Cadence. I hope that we're going to be able, in pretty short order, to bring one of those alternatives to finality."

And:

"...In summary, we remain bullish. In summary, there are a number of others parties, there always have been."

Really possible and, likely, very probable, that the KDNC deal has flushed out someone else.

Again, up to folks to decide for themselves.

Good luck all.

Perhaps the proposed KDNC deal flushed out a party who was always interested but was playing hard-ball, until they realised they were getting very close to be locked out.

The proposed KDNC deal set terms that placed a fair value on Zulu. So if KDNC were able to go with it, it meant that we hadn't undersold the project and therefore would've been perfectly fine for us to go with it. But KDNC couldn't afford it (from what I can gather).

GR's comments suggest to me that there is a Plan B and that Plan B is perhaps actually Plan A.

But, again, it's up to everyone to come to their own conclusions.

'Entrapment' got nothing to do with it.

Naked shorting is illegal.

They know it.

So they did it knowingly.