Member Info for chris137

Phillip,

They'd still also have 5m shares in PREM. When Circum is sold you'll get a dividend.

We almost could be hedging Circum against NewCo.

No worries. It's a complex RNS to get your head around.

All in all, it should be a positive change.

Potentially you'll get a dividend from PREM when the Circum shares are sold and you'll still have a holding in NewCo.

Circum selling could/should make more than what the current SP is.

The existing KME management team. Whoever they may be.

It doesn't look like, at the moment, that GR will be involved.

Aren't they merging and doing that with a lot of companies?

Only Circum is staying in PREM.

RHA, Zulu and the other projects are going to NewCo. You own those assets via your shares in PREM so you get given shares in NewCo for switching the assets over.

Nobody will know yet how many shares or what value they will be at.

You'll keep your PREM holdings as they are, which will them just be for the Circum shares.

A date will be announced at some point and all holders on that date will get NewCo shares, for free.

A small hurdle out of the way.

Just need the webinar to go well and to confirm RHA.

That FB page has not been updated since June 2016.

I still fail to see any link between Afmine and KME? Am I missing something really daft?

Are these the same company, if so how do we know that? I can't find anything much about either.

Even Afmine's domain name registration details are hidden.

Afmine did certainly work on RHA, they were getting paid in PREM shares.

Wayback Machine doesn't show you when it changes, it shows when it was captured.

The site doesn't seem to have been updated in a year.

It's been like that for since since December 2017.

http://web.archive.org/web/20171210053150/http://www.afmine.com:80/

The next news should be that we get 90% of RHA. That would be PREM's until NewCo is launched.

"I anticipate further announcements in the coming days, not least in regard to the RHA Tungsten Mine equity resolution as Premier continues to be in constant contact with the Ministry of Industry, Commerce and Enterprise Development and, following recent public comments by the Minister of Mines in Zimbabwe, we believe that the current delays are solely procedural in nature."

Announcements (plural) is interesting me, what else is likely to be on the horizon?

NewCo will be fully funded for 18 months, from its launch so need need for dilution.

RHA, Zulu should progress in a cheaper & quicker manner and even Katete gets a mention in the GR letter.

It was mentioned that they were contractors who knew RHA and will know exactly what they are walking into.

Also in that Twitter letter it states that NewCo will possibly do contracting work for other companies and generate additional revenue that way.

Still weird that I can't find anything at all about KME Holdings though.

Yes, is the short answer. They'll be listed on a London exchange, most likely AIM.

He won't be standing down from PREM, as such, but he just won't be in operational charge of NewCo. He'll be a shareholder, like the rest of us.

PREM having significantly less management costs has also been mentioned a few times. There is virtually no way he can take Circum for himself with this setup.

It really is worth reading, if it is genuine.

Parts of it do match almost word for word what he said in the podcast.

Confirms that Newco will be managed by the KME management team and the last paragraph is basically George taking the blame for failing to RHA profitable.

Is this letter real?

https://twitter.com/freespirit_fox?lang=en

https://www.vox markets .co.uk/articles/premier-african-minerals-john-meyer-on-krs-and-chris-bailey-on-brby-sbry-hfd-sdry--43fd861/

He mentions new management, rude shareholders having a go at him and removing something that is holding the SP back. It would be reasonable to interpret that as him not being part of NewCo.

He seems quite frustrated about shareholders, almost blaming us for being too thick to understand his methods, like we are the ones that have dragged the SP down to the depths they are at.