RE: Massive upside from current market cap!!22 Oct 2019 23:24
1: RHA had $20m development, mining equipment and even a zimgov bailout but little ore and none that was economic
2: We have a 20m tonne PFS no cash and no JV partner. Also “it’s been said it’s on on a par with Pilbara” by who, a load of rampers on a BB
3: see above
4:all surmise with no fact or evidence geologically except by general location in Zim
5: Circum the carrot that nobody gets to taste, it’s been just around the corner for years and some here are saying it’s cash in the bank for shareholders. Yes there was 1 option of a divi for shareholders but with the caveat of paying debt which GR builds better than ants build anthills
6: we have no relationship with MNh other than a loan providing a 10% return. Take away costs to prem of raising that money and the effect on the share price it was terrible for prem shareholders.
7: No exploration of any note and no money as GR spent it on timber, game lodges, casa, etc
8: GR will be taken out of prem headquarters in a box, I don’t believe he has any intention of going.
It’s a cozy cartel in AIM and it’s not weighted in favour of the shareholders.
I will rejoice WHEN something real happens like RHA producing profitably or Zulu DFS. The rise in share price has been good for the traders, those who aggressively averaged down and new joiner investors but as I see it very little has changed.
Even the chairman position which had a strict deadline has drifted by.....