Member Info for cherryburn

The signal 1 trade went through at 14:53 so expect news tomorrow.......what will it be ?

Apparently GR is chasing down a porcupine to present a quill to the minister so that he can sign off the EPO. Zimbabwe is so broke that it has run out of ideas as well as pens. A surplus of very large paper bags for those that have a few million dollars to be "awarded" EPO's. GR looking behind his sofa tonight.

NPV is all very well for bankers and large insto funders to use as a guideline. At present I believe that fair value will be 20% to 25% of NPV even when the first tranche from ANS arrives. How long will it take to draw down the rest of the ANS "promised" funds ? A bigger question surrounds the status of the large bond issue or other big debt finance which might include royalty streaming. Once these matters are sorted out then the share price should steadily move to 30% and beyond of NPV. Would want a proper team of mining engineers on board though.

So a lady on the Zimbabwean Stand said OOOOH Mr Roach and proceeded to tell him that the EPO was ready for Gazetting. That's OK then !

I agree that the Coronavirus is having an impact but confident that shipments of coking coal will be back on track in the next couple of months. Great top up opportunity and JT thinks so. !

Forgot that Fuad was on the GR gravy train as well and I would not trust a word that he says in any case. I know he trades the shares as he let it slip at one of the Chesterfield Hotel events after a couple of glasses of wine. 2 or 3 years ago.

But the African Elephant gestation period is much longer than that hence the very slow pace here but GR doesn't give a toss so long as he can help himself , family and friends to the cookie jar.

Think you will find the Chinese or Koreans have much bigger brown envelopes than GR will ever dream of having.

A sign off meeting on 14 Feb would normally mean funds in the account the next day. An ASX company in which I am invested raised more than $10 million in two weeks so this delay should ring alarm bells.......perhaps the Bond issue is not yet finalised nor is political risk insurance . Just speculating.......

Very interesting video and I am already invested in APF and looking forward to healthy dividends over many years to come. Do not agree with the "brown shoe" Canadian as there are quality assets out there which do not have problems raising decent equity capital such as Tietto Minerals (ASX:TIE) which just won the Mining Indaba Investment Battlefield. Invested at 8.5c pre IPO. BTW the guy asking the questions was one Rhoderic Whyte of TC Coombs fame in the 1980's. AIM market is problematic and so many companies make the mistake of listing too early and investors being taken to the cleaners such as KEFI (how to turn 1$ into 1c) , AMC (how to keep drilling endlessly to keep CEO in a job) and PREM run by George Roach and mates. IF you have a seriously good asset with top drawer management then it is possible to stay private. Worth following the Toro Gold story.

Learner....They could well be correct if GR does a 10,000 for 1 share consolidation. Still no photos from Cape Town although GR will be spending a fortune at the dry cleaners after all the shiraz he spilt over himself or perhaps an angry shareholder did that.

So the manganese company is so cash positive (peanuts if you read the figure) that it needs money from Prem. Is this a repeat of the fantastic deal that GR did buying up a stake in Circum a few years ago and locked in with no seat at the top table.

Where is the photo of GR with any minister from Zimbabwe......rather strange that GR cannot find even one ! GR needs to pump some action before next placement.

Which month end....the last one or the one before that or pre November. Harry had an ANS manager in tow at Mines and Money in London on 25th November.

The action takes place up the hill at the 121. The Mining Indaba has become more and more a trade show in recent years.

I hear that all the vineyards from Boschendal to Zorgvliet have been instructed to send more Shiraz down to the watering holes around the Mining Indaba as GR is arriving tomorrow with entourage dressed in his brand new sky blue XXXXL Safari Suit. Fortunately the tailors used elasticated trousers for this remarkable ensemble.

You do not get invited to the 121 in Cape Town or for that matter London if you are an exploration company. You pay about $10k or $12k to attend and meet investors. Unfortunately Harry always looks like the snakeoil salesman that he is. His famous quote in the early days of KEFI " I will turn $1 into $100". What he has done since the 10p (before 1:17 consolidation) is turn $1 into 1c pure evil genius. By the way what is the situation with the big bond issue to pay for total capex ?

Most likely somebody selling ahead of the inevitable next placing and wanting to come in at sub .08 or even sub .075. Happy days. Georgie will have a shedload of "entertaining important people" expenses next week.

Analysts invariably make big mistakes and you only have to look at what Berenberg and others were predicting for Sirius this year 45p to 50p range and currently circa 5p !! Take 20% of high estimate and you get 3p. You need that sort of salami slicing for the Harry factor.

Bickmaster......very mean remark. RHA was making millions in Georgie's brain 3 years ago.