Member Info for craigawilde

Really....

So tell me this, as a genuine holder where is the plan for working capital for business as usual, as a genuine holder, I am gravely concerned that an imminent placing is coming, as such it would be at a price around 0.10 given the past placings at discount to price. - This is a grave concern, yet you and others seem not to care, or rather simply wish that it wont happen.

As for the meeting, given we have had meetings for 6 months, I see no difference in this meeting, yes finally its with the department that may eventually sign it, but if you knew anything of politics or Zimbabwe you would know it wont be signed today. (I will happily eat my hat if I am wrong here, and never visit this board again)

Now again as you are a genuine holder, not an investor like I am, where I can make decisions based on facts and as such take actions.

Well it looks like no news coming our way, money running out, placement coming, so expect 0.12 to be retested shortly.

As for those that say well sell out then, if no news coming shortly I will. Then trade it along with others

Well it was that pushed for a legal move after a set number of days, which if memory serves was around early July as the deadline. Shame he couldn't keep his promise, as we would now be in a position to agree the deal.

But hey, its just so close and don't worry, we are working hard applying whatever pressure we can, but its not us, its the government.

CF73, thank you for that.

All I want is balanced views and discussions, there are many risks attached, and these do need attention, not just by us but also by the board. The potential deal is as you say predicated on signoff, something I am not confident of, due to the last 11 months. We cannot ignore the past, when our future is reliant on it.

If it happens and the deal goes ahead, we can move forward then yes certain risks are removed, but others remain until more detailed are announced. These risks need to be monitored to ensure we can move forward and if necessary actually tell the management, as its evident risk management has lacked in this respect.

I do agree with you and tedboy that if we navigate the risks correctly, and that is a huge ask you have to admit, then we will significantly turn a corner and the share price/market cap will rise on a very significant level. But and its a big but, is that can we possibly navigate the risks and manage the curve balls to a level that ensures Prem succeeds regardless of deal or not.

My last post for now.

Potential Benefits
We will finally be able to drill our assets
We could finally turn RHA into commercial profitable production
We will have a new management structure
GR will not be running it
We may finally be able to classify ourselves as miners and produce profit, ergo increase our market cap on a significant level.
We would finally be in a financial position to not require placings for working capital

A fair but basic benefit proposition

Risks known
Attributed value upon IPO
Financing the $6 million
Receiving sign off from Government
New management to guide the new company
Bringing RHA to profit upon attaining commercial production
Financing current operations
Financing working capital

Unknown risks

The political winds potential change
Can RHA actually mine to profit.

Thats a basic fair assessemnt, can you say you have done the same? Have you attributed anything other than potential positves in your constructive sensible posts?

Constructive sensible posts..... You talked so many positives about KDNC deal, never once looked, or should I say talked about the risks or negatives.

Example, you along with all knew KDNC market cap dropped around 35% on announcement of potential deal. You should have known, if researching, the potential of them raising the sums in the short space of time allotted. Yet you never brought this up, or the consequence of no deal going ahead, only to say that KDNC would be mad to turn this down.

The above is proof of a lack of constructive posting, as constructive would be to analyse the information known and assess the unknown in a BALANCED viewpoint.

Others perhaps, but not me.

Take the video just released, he joked about the trust not getting more shares as the price was lower a week before. No care for the shareholders, no care regarding the piss poor performance of the last 12 months.

I simply want people to acknowledge that all isn't rosy, and to address issues in a balanced viewpoint. I asses risk for shares I buy and invest in, I know the risks here, I know there is about a chance my investment goes to zero here. I know there is a significant risk my shares will never recover the original investment. I also know there is a potential semi good chance they can recover.

I don't value the proposed deal, because we are all in the dark, it will either be good or bad, but until I/we know the details, its simply a potential business transaction that is yet to occur.

GR to go fishing, I say thank god, But for me, he is just one of the issues with management.

2018 has been about proposing deals and doing placements. Fact. That cannot be argued.
2019 may be beneficial, but until we know the details its an unknown.
We are running out of cashflow, Fact, Selling ARCM is not any form of good business. So another placing will be imminent, unless Circum arises, or money from another avenue is forthcoming.

Mal, its not a personal agenda. I am simply asking the rampers to look at the bigger picture and openly discuss the negatives and possible ramifications.

Why would an investor only ever look or talk about the positives, rather than the actual business, its operations and strategy.

So you mention Zimbabwe has supposedly opened its doors, agreed, however the latest knock to this was the commonwealth didn't agree with the way the democratic vote was run.

If the government are truly open to business, they would first target the big companies and large investments, this has started as a process. The next step would be the smaller miners to attract investment and create jobs. In Gold Platinum and Chrome, this has again started, but its a long process.

Next is supporting the exploration companies, this is yet to start, but is apparently imminently (sorry had to use that word ha). If we get signed off, its shows that process has also started.

The government, by its nature moves slowly, but does always move, How far done the line we are, no one really knows, but the company keep pushing.

A fair view, of current Zimbabwe strategy.

No scam emails came from the group. That's disingenuous at best, deliberate lies at worst.

An individual wrote those yes, but the group had no involvement in that.

Napom, I set up a group after you kicked me out and George issued the bad RNS.

They joined the group along with others, But quite simply, so far, its quite evident I have been proved right in questioning the operational and strategic planning given a permanent lack of risk management.

You still support the board, that's fair enough, but where is in the risk management, where is the operational analysis to prove ongoing operations/funding.

How are we supporting Prem financially until either deal or Circum land? CF said easy just sell ARCM, really sell an investment for a loss that investors paid for- very clever business planning hey.

How about you provide real information on a business level rather than just name calling and linking associations. Given you have had your group for 6 months, what has been achieved?

What are your goals in real terms, ie not simply communicating with management, which to be fair, even though I was in your group I still do not know the goals

Am I deramping - NO

I am simply looking at the bigger picture without my wallet affecting my viewpoint.

CF and co did all this before with Cadence and how great it was, then it wasn't, now cue round 2, this deal is amazing, which it cant possibly be, given we know no real details as of yet, ergo its simply a possible transaction that may be good or bad, but initial looks to be towards the positive.

However, given its conditional on RHA being signed off in the next 21 days, unless news comes today or tomorrow, then reality would say the deal will not go ahead, given the time the government has already had and the fact legal recourse takes a lot longer than 3 weeks.

However if its signed off, then we may in the next month start to find more information out, but I wouldn't expect said information to come together until end of this year, beginning of next.

Amazing how people only look at positives on here, because they invested their money and not the real picture.
I used to tell Napom about risk management in the group and pure lack of it at board level.

So what risk management has been done with this deal - probably none.

Why when Zimbabwe is mineral rich, is a driller being offered to us for a notional 4 million?
Are the management team very good? - ergo the 4 million figure.

What ground at RHA has actually been verified and proven to contain good grade ore?
What are the odds the deal goes ahead? given the government has failed every target just like GR
What are the back stop plans, given the above?
These are realistic question on a risk management level, so how about some disucssion regarding these, rather than always just looking for positives.

The market obviously doesnt like it, nor do private individuals given the lack of trades and the share price. Now why is that? what is it that we can magically see or understnad that others cant? Or is it us that has it wrong?

Example Tedboy made an excellent post, however I firmly believe the 1p curve, is closer to 12 -24 months out rather than 6-9. Reasons are simply becuase we have bad management and slow governement. No proven ground, ergo drilling and mining ore will be a game of bingo again rather than proving the ground before mining it, which if they do, give 6 months to verify ground before 4-6 months of commissioning to commerical production Thats a min of 10 months, and thats if everything went right, which is highly unlikely.

incentivise on results....I suggest you read the RNS again, its not on results but simply drilling and moving of ground. No grade mentioned, no actual mining ore mentioned just tonnes of dirt drilled or moved.

The reality is this deal will be crap, as Prem has no power to negotiate on behalf of us. The ramp crew here are detailing numbers pulled out of thin air for the RNS which GR has admitted are numbers simply for a business case.

The IPO has no guarantees to reach 20 million valuation and if it doesnt we again are screwed, but hey, lets first worry about how the hell we finance ourselves to the point of reaching an IPO, which again the idiots here think will be very soon indeed.

Reality - there will be no deal if RHA is not signed off, no one and I mean no one can say it will be, and as for CF and co saying we will simply go the legal route, I suggest they first read and learn about the legal route, as that would take a minimum of 3 months.

So how about the rampers first answer how we fund ourselves, what happens in no signatory, and then what position it leaves prem shareholders.

One issue that needs thinking about, Will KME as they will have equal if not more control at board level, focus on Zulu (given we are looking at expanding the area significantly) focus solely on that to DFS and the Katete, without wanting to go out for other business to bring in revenue.

The new company needs ongoing income, so if RHA cannot produce enough, then quite simply the rigs will be out contracting for other companies instead of drilling like mad at our sites.

Again, please don't just ramp, look at all sides and come back with reasoned responses.

Unless the above is put into the contract then quite simply we have no guarantees, and given the milestone payments are for what is effective 6 months at best, there is no tie in post that point.

Steward1, I am not talking about new company, we have funding till end of this month, next at best. How does Prem continue in business post this? Why did he not address this issue? How does Prem survive financially to even get to the point of a deal which in itself will talk around 6 months?

So you think every shareholder who has concerns about going forward financially should email the CEO and take up his time with thousands of responses…..very clever indeed.

He as CEO is responsible for the viability of going forward, and yet failed to even acknowledge that question. Says it all really.

But then, why take off the rose tinted glasses!

Yes let everyone celebrate the fact he ignored the most important question, and again no one brings it up. Why for once don't you try a balanced viewpoint?

At no point did he answer how he intends to fund Prem going forward.

Now try and spin that how you want, but the fact it couldn't be answered says what?

If KME holdings is Afmine then we have a serious issue. Any long term shareholder, yes CF that's you as well, should know the debacle from the last time we used them as contractors. Yet you strangely seem to be ignoring that fact in trying to find your positives.

there is no link. Its not the right company, never was. KME are a private company, that are not easy to find on the internet. It will be down to George to explain about KME tomorrow on the webinar.