Member Info for CF73

Great points as post Bezzy, and an equally good post PJOHN

Have to agree with Arsenal here. No way, given the circumstances, FRR would be allowed to just blag their way to a DOS situation, especially with Hope out to scupper things

On the matter BLOE CEO being better than ours, they've not had to seal with Hope et al screwing them over.

An positive that we'll get through this now, at worst, feeling like we got out of jail --- and at best, raking it in, and considerably more so than BLOE. In fact, even the get out of jail feeling will see us taking it in.

But one step at a time I guess.

ZiggyZag, that is a stonking email.

However, and while I happily ticked your email/post up, I remain of the view that it is necessary that FRR refrain from releasing news until such time they are properly ready. Drawing on the example of the DOS, even though this had become public knowledge (or, at a certain, was about to become so), the situation remained too finely balanced.

Not having received any updates, so far, makes perfect sense to me and I would not expect it any other way. We will know when they are ready because that is when we will hear. That would appear too open ended for many and therefore not agreeable to many. But I could imagine that legal advice has been to remain silent until the time is right.

Good luck to all the genuine folks and the muckers.

Put a different way, 300, 000 RTGS just paid off a $300, 000 bank overdraft. Works both ways.

The situation regarding RTGS affects everyone in Zimbabwe. I believe it's a genuine move by the authorities in Zimbabwe to organise themselves. They need their own currency. Continuing otherwise isn't viable. Is interesting how every other country is allowed its own currency but for bashers here Zimbabwe ain't

Contractors will be found. This work, money and business after all.

We have money in the bank to get on with the work at RHA. Directors not taken a wage. Zulu EPO on the horizon.

They'll be ignoring that, even after going on about GR drawing down his monthly wedge.

Agreed NaPoM. We're in a better position than we've been in for a long time.

I see bsshers out in force again.

We should see value return to this stock. Now'sthe time to buy or add.

Vast majority of project costs are domestically located. Meaning we get proper value out of the money. Where this isn't the case (where costs are connected to fir example purchases outside of the country), the company has been open about this:

"Whilst we expect an adjustment to various of the quoted anticipated expenditure items that need to be met to bring RHA back to full production, we also expect that much of the expenditure will now remain at a one to one RTGS US$ conversion. Examples of this include debt, including RHS's bank overdraft (currently underwritten by Premier), as well as other local debts that can potentially be settled from this remittance."

[With externally related costs:]

"Uncertainty remains in regard to items that will need to be supplied from outside Zimbabwe [...]"

I think this pretty reasonable!

Good to see final results out (thinking about those claiming we were going to be suspended again).

Good luck all genuine folks!

https://www.investegate.co.uk/premier-african-min--prem-/rns/final-results/201907010700089320D/

Thanks NaPoM, things looking better and improving all the time.

We're in a better place than the knockers would have us believe. The most improtant thing is that we get RHA restarted and that looks to be on.

Thanks for posting pophead.

Seems there's beem huge progress on the ground. However, the court case has been critical. I think once the DOS was approved (I say 'was' as thinking this is now done an sewn up), it paved the way for everything else. The DOS would've only been approved on the back of evidence. What evidence? Probably a combination, including loan (once Dope was off the board), data, sales etc. information we are not as yet privy to. But is clear we have needed a huge amount of political support to get through this (in whatever form that's come e.g. Georgia gov, corporate weight BP, BH etc.).

What do FRR do from here? Do they fight the court case still?

If they have the evidence to prove their case (through Discovery), then yes: if they don't, then they could continue on the basis that they have nothing to lose and that Dope doesn't know what FRR have up their sleeve.

At this point, if I were Dope, I'd settle out of court.

As regards YJ, not sure why folks keep asking for them. They are only a PR company and not usually privy to sensitive details, and certainly have no authority to release news/info ahead of either an RNS and/ or FRR's say-so.

Am confident we will relist and with our assets, more or less intact.

Good luck to all the genuine folks!

Arsenal,

Agree and am hoping that FRR are only pursuing in the courts if they evidence they hadn't had available before (unless they deliberately withheld it). Otherwise, not worth it, unless the thinking is they have nothing to lose. If the latter, hopeful that we'd have moved to a point in the case that wouldn't delay relisting any further than necessary.

I know there's an issue about FRR and information being made available regarding the loan interest, and perhaps the radio silence for many too, but I remain confident we will relist and that genuine shareholders will get a return out of this.

To add to this, and related to it, I suspect from Gipps comments that there is probably material progress behind the scenes, a) DOS terms in place and approved, b) loan sorted and c) BP progressed.

Question for me, and am guessing for most if not all here, when do we properly find out?!?

Naturally, whatever level of certainty behind the scenes and with those potentially in the know, can't be a certainty the rest of us can enjoy until we have the same knowledge. That said, I grow increasingly confident by the day.

Good luck all!

It's less relevant that we are getting this moner in the local/domestic currency and far more important that whatever form it comes in, it can drive RHA forward. If the work we required can be done more or less equally whether RTGS or US$. then it maters not that we got it in RTGS. Remembering that the idea is to get RHA producing within 100 days of receipt of money.

We are now at crazy SP levels, completely out of touch with where we are in reality.

...the idea this news is bad news is just laughable...

Much of the capital expenditure will be at home, therefore this is valuable,

"...we also expect that much of the expenditure will now remain at a one to one RTGS US$ conversion."

In whatever form we have it, it's the capital we need. Good luck all!