Member Info for Charlie1984

Been quiet on the BB but should see a rather quick jump back into the 0.5-0.6p range GLA
Market a little slow to react this morning imo

There are two options

RHA ownership increase to 90%

Zim Gov stump up $5m

We drop the shaft either way start production we are still owed +£20m loan account before any split so options are good either way

https://africanminingmarket.com/zimbabwes-mining-capitalisation-critical/8635/

de-rampers DYOR !!

Sentiment is returning. A fluctuation on buys this morning followed by traders selling PM pushed the price back down.
It can be expected and judging by the posting it’s clear who the traders are here. They are either positive to negative or quiet to negative why the SP climbs the a group of them jump all over the BB like a pack of seagulls.
Will be nice to flush a few out but can see this happening a lot until news lands.
Positive is we are starting to moving in the right direction.

Expecting to see movement on licence area in the way of drilling Q1 2021, I believe part of EPO sign off will be fast tracking DFS and production to fall in line with government mining revenue figures to support the country economic sustainability.
I also believe we will hear this month or early Jan 2021 that the government will increase PREMs holding from 49% to 90% the small amount NEIFF have coughed up will cover their 10%. This also allows for production to start alongside PREM dropping the new shaft, the new shaft allows PREM to increase monthly production output and better grade ORE, this will be funded mostly by a off-take partner who by all accounts is waiting for GR to resolve things with Zim Gov before going ahead.

RHA also has a massive loan account of +£20m (LTH will know about this as this is accumulating dilution for costs to get RHA to production) owed to PREM which will be paid back before any split, this along with being cash generative will allow DFS to be funded at Zulu.
It also releases funds for the purchase of the remaining MNH on review of audited accounts and agreed purchase figures.
Why this may sound like a lot of IFs or more gravy train dangling carrots.
PIs new and old are also reminded of the cash support which could possibly come from our silent partners who have only recently acquired a 15% holding.

Is of my opinion that they feel the time is right and things are away to change, or why invest.
Like said many times they will also know that the minimum value return from a special dividend will return them 250-300% of current MC so a instant return and free carry.

A lot of posters that are negative on this board are dissatisfied, disappointed or disgruntled PIs that sold out at a loss and now troll this board daily, they even claim not to hold but will post continuously so work that out for yourself.

What ever you believe positive or negative if your unsure keep this firmly on your radar I’m of the opinion news is due on multiple fronts that will increase the SP by multiples of what it is today, I also believe that we will see a steady weekly increase with the odd fluctuation.

Disclaimer:
I’m a long term holder, 8 years, I have bought on the highs averaged down on the lows, I am under water, I haven’t always been happy about how things have been run or turned out. However, we are where we are, IMO we are away to see change. Please don’t take my word for it like wise dont listen to the traders or de-

Will will see a number of traders selling after making their profit expecting this to retrace, think we will see those same traders buying back in as there is no pump and dump here.
EGM needed for addition head room or share consolidation so fantastic safety net.
MC high in the last 8 years has been £38m we should blast though this, RHA and Circum closer now than then.
RHA ownership could be increased to 90% or Zim Gov to stump up best part of $5m, which could be used to drop the shaft and get straight back into production. This will allow us to progress with off take partner and quick revenue stream

Nothing getting pumped here. Clearly not holding first post in 30 days and negative! another one of the de-ramp crew coming out the woodwork

Acker it’s not an aggressive statement.

I am clearly pointing out we have had a 30% rise, sentiment seems to be changing yet you post with a negative spin.
Of course your holding but you think I know what?
I will put a negative spin on my posts and talk my holding down when sentiment is changing for the better.
2 + 2 don't equal 4

Just an observation enjoying beers in the airport so heyho

Feeling sorry for a handful of mindless posters on this board........ just AIM and the wolfs in sheep’s clothing that pretend to be part of the flock

Not the way I read the Special Dividend RNS upon sale of Circum shares, shares will be sold any dept paid off and the remaining balance shared. Not turning this into a argument as I have t got time for the traders/ shorters / de-rampers who are swarming this bb like seagulls.

Previously he has loaned against them why would he sell them on the cheap Acker.? What you say doesn’t make sense does it?

Funny thing to say, did you not get your trade shares today? for one so positive your becoming rather negative recently. Must have sold your trading stock?

30% up and mindlessly de-ramping. People respect your opinion but not with that BS Acker your better than that

Massive placing ???

He would need to issue EGM so that in its self is a safety net!

Wolf if what you say had any ounce of truth then surely them Zim government would cough up cash or increased ownership of RHA and issue Zulu EPO.
Once they did this PREM would be legally obligated by term of licensing agreements to use it or lose it.
As it is RHA has been financially progressed as far as GR sees fit. Zim Government are a equal partner and therefore need to pay their share or increase PREMs ownership.
The same can be said for Zulu, EPO was applied for 2 years ago, given the response thus far on RHA why would you progress the current licence area if they are going to dither with issuing the EPO.
Zulu could well be a world class asset a increased licence area attracts JV partners and/or investment.
As for buying other assets, this is only viable if we have investment backing to fund them into production which we have through investors this has been touched on in interviews and podcasts and is there for all to listen to should you wish.
A clear update and a little more transparency on the way forward is needed by the marked and for the the sake of all of PREMs shareholders.
Frustratingly we are still waiting, I am trying not to be over positive because it feeds others on this board who are clearly looking to drive the SP lower to trade this share.
It doesn’t take a rocket scientist to point out who they are, they are here daily talking negatively about a share they claim not to hold.
Those that have be positive are now negative and will change their stance on the first sign or wiff of news.
Some where even pumping this share then sold out and told everyone, he is now posting multiple times a day full of negativity.
He knows who is is the other one is hold a holding and has a holding that he trades.

Matt - “ Not sure why PREM aren't developed Aerial metalurgical studies that while costly would help PREM determine where the gold is. Then to produce us all a pretty 3D model of where they plan to target drill the Gold”

This seems to be the way forward and is what COBR have been doing and it increases the chances of hitting targets rather than random spot drilling or sampling which is now considered old school.

Frustratingly we are still waiting on Zulu EPO being 2 years from the initial application you would have hoped it would be concluded this year and not dragged into 2021.
As the area once grated EPO is to large to fully drill it would make sense to drill the current licence area to DFS and prove an initial resource before looking at JV partners. This would surely reduce the amount given to them with the prospect of the increased DFS zone of EPO being substantial larger with the potential to be a world class resource.
Within the licence area there is potential for gold deposits within the green belt.
When mentioning the green belt and gold deposits it may well be worth drilling this area alongside our current Zulu licence area to prove up a separate commodity away from the Lithium & Tantalum which maybe cheaper to get into production and fund further exploration costs and costs to recover the lithium & Tantalum. (OIMO)

RHA again we await cash from a cash strapped government or increased ownership, again in stalemate until government make a decision as GR is playing hardball.

I haven’t posted much as there is little to say, it continues to but a frustrating wait and one can only hope everything lands at once.

As for wages that you mention in your earlier posts we have cash in the bank (that won’t last forever) however, there is a number of shares remaining if the 18 billion headroom.

The wait continues with little over two trading weeks in this year, we wait in anticipation of something dropping that can take us positively into the new year and set us off on the correct footing going into 2021.

Posting on CGO anyone care to join the conversation?

Sable Mining also owns 80% of Monaf Investments (Private) Ltd which holds the Lubu Coal concession in the Bulawayo Mining District of Zimbabwe and a 61% interest in the Gulukwane iron ore project in the Limpopo province of South Africa.

Contango Holdings was a shell company set up 2 and a half years ago to look for a near term production asset "which could be developed and turned into cashflow in short order". Contango felt that the Lubu Coalfield in Northern Zimbabwe looked ideal. "We didn't want to take on the risk of an Exploration Licence, so we tasked the vendor [Consolidated Growth Holdings] to turn it into a Mining Licence which they duly did, so we have recently closed on the transaction to purchase of the Mining Licence for Lubu in Northern Zimbabwe.

This will allow us to start construction of the mine soon and move quickly towards first cash flow" explained Carl. The one billion tonnes+ Lubu coal field is one of the biggest discoveries in Southern Africa according to Carl

For reference CGH or Consolidation Growth holdings was SBLM. Shareholders still own shares on CGH.

Shareholders of CGH (sblm) are still hopeful that they will see a return from the sale of the two assets and licensing. Given that the assets once upon a time were valued at a sale price of £20m for Lubu - almost double your MC.
Furthermore, PIs on here calling a MC of £50m by next year, can some one explain where CGO get the money to pay CGH for the assets and licensing.
Will this be through share dilution?
Surely buying an asset that’s operational only increases this figure.
Shareholder at CGH await the sale with an estimated time of no longer than March 2021 (in our opinion)

Find it a little strange why your BOD haven’t disclosed this minor detail to the market and could this purchase increase the shares in issue as they raise funds for sale and potentially drop the SP or do you think it will strengthen it????

Quiet rightly you say the PR has turned up and hofully for the reason you pointed out news is just around the corner.
I had hoped had many others that we would have been graced with a RNS, this as yet hasn’t arrived however, we know the shares have been issued and there hasn’t been a mass sell off which again supports theories that the shares have went into private hands. Again you would expect to see a TR-1 RNS but with legislation on this topic matter means maybe who ever it is is in no rush or there could be a number of investors not just one.
Would love to see the share suspended and GR deliver on all these overdue promises and lock PIs and Traders out that have doubted this for so long, as well as lock them out of the special dividend if this is also close and on the cards.
What I have learnt here is communicating what you expect to happen in a given time frame never seems to be what is delivered.
I believe it’s coming, no more predictions. Will just drop in from time to time and keep my fingers crossed it’s in time for Christmas - GLA

You guys know what happened over at SBLM - CGH - CGO line the dots.
List take PIs money delist sell assets to to CGO rinse and repeat.
That’s why is quiet as PIs once bitten twice shy keep well away from these scammers.
The writing is on the wall, PIs investing here need to DYOR not listen to bullish reports of a cash generative company (maybe with you hard earned cash paying wages and BOD bonuses)

AVOID - SBLM holders still not received a penny for there coal mine which is now in the hands of CGO!

Quote :

This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules

Hopefully Monday Acker now voting rights RNS is out it noted that for the purpose of calculation shareholders are able to calculate their holding.

Hoping Monday RNS lands with one or two TR-1

But as you say maybe the week after !

What’s your current status in or out guys.

Just noticing how your both casually being sarcastic and de-ramping a tad as you reply to each other.

Maybe is the new angle reply negatively and casually to each other rather than full on de-ramp mode then you can flood the BB replying back and forth to each other.

Surely if you holding you wouldn’t be talking down your investments?