Member Info for craigawilde

Well at least now official, KME are toast for us, and we go back to previous drilling contractors. Soon abck to under 8 billion shares :)

reality is once the 6m lands, 4 months to get the mine ready then slowly start producing, another 3 months should see steady state so its a case of Feb 2020 before zulu can be funded by rha, ergo we need circum to start moving or simply get rid of it.

why do you keep coming here slating people. You have said for well over 18 months things are moving forward, yet the market cap has done the opposite. You are so blind in your positive attitude you have failed to realise what many of us worked out along time ago.

Ironically I got the same email, yet I did not send the email in the first place.

A very political answer given though

Napom will say what he always says, wait a few more weeks/months, things are moving in the background.

Smile, you cant force an update by 6pm Monday given its the weekend. Realistically he needs 24 hours to talk the board and management team.

CF73 your now being blind and deliberate in your optimism, the fact it was reported in the media about the power station less than a month ago, means you are jsut trying to ramp the share once again. Infact I am pretty sure we could go back through 3 years of your posting and its always the same, ramp ramp ramp, this is our time etc etc.

If you believe what you type then prove to us, that the power station not performing adequately doesn't impact our running costs and projected profits. Do you have any proof that George has factored this into the budgetary plans?

Given over the last 6 years that no real plan has been in place and its been more lets wing it and find out, then yes it raises serious questions. There is no point spending 6 million if you cant guarantee profits from it. We are not privy to the negotiations or the contracts that have been signed, but we do know management of the plant has been very poor. This alone should give rise to questions being asked.

Too many shareholders believe that the management know what they are doing, hell it should be that way, but the reality is this company has proven it hasnt, its also proven that it cannot plan for the future, this ig evident from the failure of deals over the last 9 months, with hundreds of thousands spent on due diligence that was raised from shareholders.

This is the worry, the electrical grid or generators are just another part of this and this is why is a big deal to some, because if this is to be the beginning of change for Prem then we need adequate plans in place to ensure the feasibility of the mine.

Tedoby, firstly I say thank you for the information you provide to the board.

Secondly, what your missing, is the fact that George is relying on the fact we connect to the grid to lower costs considerably to therefore make profits. If the power station is not up to standard, which we now know isnt, then its a case of yes the generators run, but this is costly and increases our operational costs quite significantly, as such the profits are not guaranteed and the levels of such cannot be taken for granted. Therefore a real business would account for this in the risks logs and make amendments to the accounting budget to see what if any wriggle room is left over. This of course should be done before we start to ensure the feasibility

Prem once again fails to do anything. Zulu official that KME is not our contractor, nor will they be given the fact things have not been straight out in several months. This leaves us with 1 other option, find another drilling company, however we cant pay them, so its a case of either mass dilution or selling the circum stake which will be classed a fire sale as we have waited too long. Of course option 3 is the pipe dream, wait for circum to ipo which wont be happening anytime soon.

RHA monies doesnt happen in days, only an idiot would think so, any government promising money unless the company is under duress the money takes time to land, probably 6-8 weeks from agreement signatures.

Based on the above situations, Prem is going nowhere fast, the share price will continue to drift and the likes of Napom will carry on saying how good this company is and things are happening. Well things might be happening, but nothing is happened to increase market cap, give shareholders value for money or generate a plan that is both consistent in its approach and financially viable.

That last point is the key here for people who dont know or understand real business, you need a real plan with milestones, risks and issues outlined, financials projected and monitored and of course an operational team that has the skills to management the plan and mitigate the risks. Something this company has failed to do for over 5 years.

Smile from what I can gather what you posted over the weekend is that circum news this week and if no immediate ipo then sell.

I am saying that a) circum meetings do not mean an rns comes, it never does in fact. b) that is we sell circum, not to use an african drilling company, but a global one that is more expensive and c) that we put a multitude of drillers on site, not a couple or 3.

To my knoweldge, you were not saying the above, apologies if I am wrong though.

There is no guarantee at all that the 6 million lands in two weeks.

As for Circum, the meeting is tomorrow I believe, and like all other ones, we will not get an rns from it, so smilemore is wrong again there. Years ago I believed in never selling Circum and just keep receiving dividend royalties, but that has long since past.

If we can sell the shares for a minimum 6 million and fat track zulu, I mean there putting at least 3 if not 5/6 drills on site and not using KME but using a global reputation drilling company, then we can at least move forward at a steady pace.

This will hopefully be possible post the meeting where George needs to be confident and forth right in asking questions and demanding answers so that we can move this company forward, which has been a pain staking 5 plus years to get nowhere fast.

If any of the positive band, cf napom smiley etc want a bet, I will happily bet 100, 1000 or 10,000 that rha will not be in production in 4 months time.

So lads try putting your money where your mouth is

We have been at odds for almost a year. I have been proved right in several assertions. The management team does not communicate, hides bad information and fails to inform the market on a timely manner.

We the collective shareholders have seen RHA be dogged about for 6 years. yes its a junior mining company, but one that needs new management and a financial accountant that knows how to get things done. We are now in a position of you saying we either sell circum or wait for them to fund zulu, yet this could easily have been avoided if RHA had been managed correctly and the management team were held to account.

Spin this any way you like (always positive) but the reality is your group has failed in its task to hold management accountable , failed to get are sort of share price increase for market cap purposes and failed to get the business to change its practices. Yes you may be responsible for the business halving its wages, however no wages should be given given the state of affairs at this company,. now I accept if I was was George I would find this disgusting, but someone has to toe the line.

That post in capitals was lazy on my part in all honesty. The reality is that I wanted to reply but rather than type it all out I simply copied and posted in capitals so that my replies could be seen. that is all.

just proves how bad the management and communication has been at this company. Hopefully this can and will change, but at present we are nothing but private funders to a company that doesnt appear to do very much at all.

Yes 5 months in and still counting for 2019 we have a signed binding agreement reached, but still waiting on money. After it arrives we are looking at 4 months (his own words) before we start generating money, how much is probably in the hundred k region for the first few months.

As for Zulu, well now 72 days and we find out nothing has happened, see smile, we are right to question and ask the insiders because now its been revealed that we are looking to renegotiate, but not until the epo is granted! That could be easily another 6 months of nothing happening, but I may be wrong.

Hopefully George makes the decision quickly to sell circum shares, get 5 or 6 million in and employ a company of drillers with a global reputation, not a Zimbabwean firm. If he can do this, alot of people will take notice and things can finally start to move forward. One hopes he puts at least least 4 drillers on site, but knowing George it will be 1 or 2 max.

listen to the podcast, rha pretty good news, zulu not so good news.

You keep repeating lies and accusing others of nefarious acts. I will continue to report you for your posts.

Smile doesnt like to deal with issues and risks, just focuses on drinking his happy tea. Zulu we have no idea if we are drilling on not, we dont even know if mobilisation has been completed.

Smile that havent agreed an implementation period.
from the rns - We have agreed a provisional implementation process with NIEEF and I expect to provide further guidance thereafter."

Provisional is far from agreed, there will be several more meetings to finalise, as such I dont expect the money like you and others do to land quickly. The money will only come when everything has been finalised and approved. As the above is proof we are not there yet, hence the money will not come yet.

You think I am a trader, I am not, I am just sick of the constant ramping and one sided view that you and others portray.

If you want a real conversation then face up to the fact you need to discuss the risks, issues and negativity around this company.

Smile wasnt you the one who proclaimed you would first to call it out if money wasnt received by end of April? Well here we are 7th May and agreement has been signed that we will get the money. So yes one step forward no longer just GR saying we will get money but now a signed contract apparently. But importantly no date for money. so once again we the shreholders and stakeholders are sat here with no clue about dates, money, timelines milestones etc.

So lets just cover this... RHA - still in the dark. Zulu apparently we consolidated for mobilisation and drilling, but that was basically 2 months ago, shareholders again in the dark. Any other project or investment, guess what we are in the dark.

So how about you shut up with your positiveness and do what you said you would and start calling the board and senior management and giving them a piece of your mind.