Member Info for cherryburn

So the new president of Zimbabwe has granted the local community near the first class diamond deposits, the right to artisanal mining of said diamonds. Perhaps he will distribute likewise for the PREM assets. South Africa looks as if it is moving towards 50% BEE and imagine that the same move could be afoot in Zimbabwe But not to worry as GR is on the case chaps and will have everything sorted by COB on Wednesday.

Companies pay a tidy sum to be aligned with Proactive and Andrew Scott never gives his clients a hard time. It is always "What exciting news can we expect in the next few weeks etc etc"not "after all the failures under your watch why should investors believe that you can bring something off with such little cash and you must be disappointed that you paid 19p a couple of years ago ?

A JV does not necessarily do away with the requirement for additional funding for PREM. Most JV's are undertaken at project level such that an incoming partner agrees to spend x amount on the project for y % of the project. Incoming JV partners do not put cash in at the corporate level but if said corporate (PREM) is desperate then GR will ask for it. Could be another GR deal breaker.

Really bad news and interesting that Betts did not present at the latest Proactive as was aware of all this bad news coming out now. I had been looking to invest in a gold producer at the time and think that HUM might be interesting if the management bring in a VERY experienced mining engineer to evaluate.

But the Winnifroth Pizza man gets paid by HAA to attend "his" investor shows ?

Champagne or Buck's Fizz......more likely cold soup for many. Harry has achieved the virtually impossible having bragged ages ago that he would turn 1p into a pound. He has actually done the reverse from the 10p (pre 1:17 consolidation) to below 1.7p now. Brilliant.

TW been banging on for years about the great KEFI.....guess what....a director sold shares at 10p some years back on instructions from his grandchildren. Then a 1:17 consolidation . Trading at 1.75p bid today so share only has to go up 99 times for mug punters that bought in at the 10p level !!! Presumably TW gets paid to pump this nonsense.

Davie ,

RM is now pumping something in the Ivory Coast and hyping the fact that Dattels and Stalker are now shareholders in ABM (having sold a few pieces of land that they did not want) . Unbelievable . Will be interesting to see what the market makes of this on the open.

GR has played a blinder assuming that he is in contact with the relevant Ministry in Zimbabwe.....Avge rainfall in Zim November to March between 15 days and 19 days per month , May to September 1-2 days per month and both April and October 6 days average. Guess what Mr Pringle can put his feet up in the sunny Cape grazing on big steaks and red wine having lots of very important meetings until April.

TW has been tipping this share for years and one day he might be right !

Any chance GR might need a placing at between .08 and .10 ?

Was very difficult to see his eyes with the blue reflection on his glasses.....Indian Ocean ? More interesting was the movement of his neck and shoulders indicating shiftiness. I was at the Proactive last night in London and the Danakali story is really good and probably a lot better than Circum. If Circum was really good they would have managed an IPO 2 years ago. Cannot wait to see who GR dredges up in place of Cadence......he said he really liked the chaps there !

Excellent presentation and the real positives are that now in steady rate production with ramp up with new ball mill in sight, the company plans to convert more existing resources in to reserves in such a way as to maintain 10 year mine life. I believe that once a large chunk of the debt has been paid down the company will be able to formulate a dividend policy. These two factors should put the share price into upward trajectory. I am a buyer today for a two year view. Plenty of blue sky potential .

Looking at today's early trades perhaps somebody has worked out what GR has for plan B.

Would be good to hear if they haver formulated something on dividend policy or acquisition of gold projects in the region. Will be attending.

An extra bonus to go with the dividend tomorrow......25% discount on food and drink for September 2018 to August 2019 (5 times in every month !) plus 50% off hotel breaks at Old English Inns up to March 2019. Good marketing !

And a good dividend yield if they can maintain 7.5p per annum. Hold both this and GNK .

And a juicy 24.4p dividend coming on Friday !

And defo all buys this morning so far....?

Who at the company did you speak to. ? George or Fuad or somebody else ?