Member Info for craigawilde

So I thought a post that was factual information would be informative. With regard to RHA there is absolutely nothing that prem can do other than wait. Why is this? well alot here like to blame GR for this, when with a little research they can see the who that is to blame is the current President of Zimbabwe. Reason for this, is that he is yet to name a minister responsible for the act. until this happens, Nothing can be done by any company in Zimbabwe attempting/wanting to reclaim ownership. "It is also not clear which Minister will be responsible for the Act. No current Minister has the word �Indigenisation� in his or her title, and the new definition of �Minister� in the Act does not point to any particular Minister. The President should clarify the position as soon as possible by assigning the Act to one of his Ministers and publishing notice of the assignment."

While I understand the likes of Moljen and have fears similar, there are potential positives, for exampleif the Zulu deal brings in just say 1 million cash and a deal to get through to DFS then we don't need any cash via a placing, however we may still raise share cap as per diligence on said deal

napom currently your missing the difference of $300k and �300k

many small cap boards on multiple boards - agreed Zim Gov - agreed Zulu needs a deal now and can have one easily. I suggest most on here do research, the PEA can easily obtain a decent deal to fund through DFS and more, ie progressing RHA RHA however needs more than just stope work and 650K its needs a DFS but for the time being they can just keep running the muck through when they start it again. But reality, RHA wont make any decent money until a DFS is done

I been in for a while, my point quite simply is why moan? If not happy sell out and move elsewhere. Idiots will say your only down when you click sell, but no your down regardless and if not happy its quite simple sell and move on. Unless ofcourse your not able to find a stock that will go up or going up and scared, in which case its again like a child without any conviction and as such stick to moaning

Ive been here over 3 years when the share was over 3p. Yes its depressing, but if those who wish to complain actually knew what they were doing they would have traded the share or simply sold out and gone elsewhere. Its laughable holding an aim ceo to account saying I'm not going he should, this is aim not ftse 100. Anyone's opinion is valid, however repeating it day in day out or week in week out does nothing. If you don't think the ceo can do the job the sensible decision is to sell up and move on, not moan consistently above him and not sell your shares. I was over 40k down with an average over 2p, these days down 10k here with an average of 0.32. I will continue to trade in and out until either the company is a write off or sold on. Why because unlike a lot here I actually made a decision to sell out not simply moan. Moaning is what a child does.

who gives a crap. at some point things will happen, who gives a crap about day to day!!!!!! Only those desperate for money or those who over leveraged themselves and now behaving like a child. Either wait it or out or sell. why moan like a spoilt child??????????????????????

your crossing paths Valhalla. How can the Chinese bid for a private company without going thought the public company ergo notifying interesting. They cant snap up Zulu as Zulu is not on the open market. This is why its protected and nothing can happen without prem management saying yeah or nay. hence not the desperate position you all claim.

In all seriousness have you ever done negotiations with the government? Have you ever done negotiations re a merger or buyout? Do you understand the time, resources and scope of the work that needs doing by each party?

right as for buy the company for 12 million, thats rubbish. Any company trying it will be seen a mile off and GR can make several moves to avoid it, given a hostile takeover takes between 3 and 6 months. GR can simply isolate zulu in that time frame, hence it isnt going to happen and anyone who states it could or would is dreaming. Now will GR get 7 or 10 million or more ofcourse he could, any company wanting part of zulu has to pay for it, given the above cant happen it means we are not as weak as many state and as such we are not going to give away zulu.

Wouldnt be surprised if your right, given geo political are always on a risk register

And that is fair enough, you would take that, however alot of others would not, we each have our own exit strategies. I truly believe a deal is being lined up, as for term sheets to be in draft form means diligence on the asset has been done. and this is the beginning of the financial and logistics side.

Now given we have only inferred around 35% do you want to do a deal quick prior to increase in resource or increase against inferred? So does a potential buyer move quick or patiently wait and judge themselves what our company is claiming? This to me means any company realistically takes around 9 - 12 months if washing to conclude a deal and that comes down to what price can be negotiated, which takes time, I suspect 2-4 months (lets face in house buyers in UK take anywhere from a 1 day to over a month to negotiate a price). So is it simply your patience is running short, or do you believe GR is simply lying and stringing along - in which case just sell and move on.

That would potentially be because he had offers, pathetic ones at that, but hey you probably wanted us to do the deal valuing zulu at 5 million. So lets just take one angle - due diligence on ground. This will require verification of all grades, so paying for samples to be taken again and verified by an independent lab (3 months min) 2d and 3d survey mapping, grid referencing, checking grid reference against government docs, verifying paperwork verifying government papers. In total thats around 5 months work i expect- thats for each independent company prior to discussing anything else, prior to any potential deal. now factor in this is valued in total over 1 billion - how many holes do you want to verify?

Doyou ahve any knowledge at all with regard to deal making in the 100 of millions or billions of an asset? Most majors take 18 months so how long do you think juniors take??? To do a deal of this magnitude that may value zulu above or below 100 million does not just happen in 30 60 or 90 days as a rule. In actual fact it takes between 6 and 18 months as standard.

care to make a bet of say 5k?

Guvnor, what you have wrongly speculated is that a mining company make things happen quickly. Any real miner takes 5-10 years from purchase of land to exploration and finally commercial mining. I dont think you knew this previously and as such were surprised with multiple placements and raising of cash. I initially invested nearly 3 years ago know full well it would be a 5 year min investment. As i stand i still hold that view. Yes RHA has been a fook up, however I do not hold him to account in that as he purchased Zulu for pittance and is slowly developing that. But again this is a slow process as junior do not have 10 million to throw at drilling holes doing surveys and testing infinitum. So to sum up, he hasnt finished doing his job and as such I do not hold him to account until at least 2020

https://audioboom.com/posts/6830993-premier-african-minerals-prem-and-connor-campbell-on-aapl-sbry-and-iag

to answer your question (which is really easy to answer) purchased Zulu for a song. purchased 5% of a tier 1 asset for the shareholders.

neiff agreement - unlike cf and others i expect this not before June. RHA joint venture, if coming after neiff which technicallt it will would be June/July Circum at best September (more likely to be delayed again) anything else??? So yes suspension would actually be a good thing.