Member Info for craigawilde

Chippy, who has stated that KME Holdings is Afmine, with what evidence?

Remember what they were like before?

Wont be anything unless the management stop the rot in the share price. as we will be open to a takeover.

That's another scenario which the rampers like to ignore.

Big congratulations for what will be the birth of your daughter mate

So that serious questions can be asked and asnwered

can the people who destroyed the last webinar please leave this one alone.

Chippy, Noel always seems happy with the board and doesn't seem to want to force any action. If ofcourse this has changed then yes happily.

Wont comment on Noels, but mine cant do anything without shareholders joining. Given the last few weeks rise of share price by 80% its no wonder people haven't joined.

Until I get the relevant holdings together, there is nothing I can do.

The good news over the longer term, is Zulu can have 6 rigs working at the same time with no cost. Same goes for RHA the open pit can be thoroughly drilled like it should have been over previous years.

The KME assets include six exploration drill rigs, surface and underground dump trucks, light vehicles and support equipment. KME's assets, which will have a book value of approximately US$4 million, will be used initially solely on the development of Premier's Assets following the completion of the Acquisition. On completion of the establishment of operations at both RHA Tungsten Mine and Zulu Lithium Project, the Newco may generate revenue from the lease and hire of KME's assets to third parties. KME's operational management team, who will join Newco on completion, has significant operating experience and has been involved in developing and operating a large number of mining and exploration projects in Zimbabwe.

Your wrong there mate, the deal is with the drillers at rha, KME holding, the equipment is drill rigs vehicles and such. They are a small company, that are experienced in drilling.

The KME assets include six exploration drill rigs, surface and underground dump trucks, light vehicles and support equipment. KME's assets, which will have a book value of approximately US$4 million, will be used initially solely on the development of Premier's Assets following the completion of the Acquisition. On completion of the establishment of operations at both RHA Tungsten Mine and Zulu Lithium Project, the Newco may generate revenue from the lease and hire of KME's assets to third parties. KME's operational management team, who will join Newco on completion, has significant operating experience and has been involved in developing and operating a large number of mining and exploration projects in Zimbabwe.

Johnost, this is a simple take on the RNS.

So this deal is with the drilling company, which no doubt is the one that was drilling RHA over the past few months.

We have agreed to buy there equipment and expertise for $4 million, but we couldnt raise it, so we start New CO and and transfer all holdings except circum, into new co, and ipo it. George hopes to raise $20 million doing this ($ 4mill for 20% as per RNS).

In doing this, we have a drilling team and equipment ourselves to drill Zulu and RHA, ergo very low costs, however the reality remains this is all in the medium term once again.

Its not great news short term at all, however the new company, I will call Prem2, now have drilling rigs and more staff with expertise to run said drills.

Again this boils down to inadequate management

Lets just wait and see, but my understand if you are give away a significant portion of the mine away, your going to get cash for it. If it isn't cash it will be labour, expertise and resources. Either way it means the mind can be brought online without a placing.

However it might take some of you some brains to work the above out, hence the post from me.

another 48 hours

Zulu - the last 18 months has been about getting it to a PFS stage, which the scoping study effectively did. Since then negotiations failed with DD with one company to DFS, now onto another.

Circum, why do people think when hundreds of millions or billions, things happen quickly, they don't. it can take years, circum has taken years. - example look at rio tino, basically the biggest miner, they take on average 2 years per deal to complete.

RHA - We have our own QA/QC so don't need to wait for verification on a lot of results, especially if past results match up with SGS company tests. - ergo our results can be trusted on a historical basis.

Isnt it obvious that kdnc has sold a small percentage to fund itself moving forward

Lol, you my friend are confusing, I agree the restructuring is happening, thats not at issue. What is at issue is the timeline with the word indicated attached.

What if anything can you point to that the Zim Government has met a single time frame in anything its done since being in power?

Hence indicate end of October is meaningless, but as you say its 2 weeks, so lets wait and see :)

Thank you strongman, you hit the nail on the head.

The letter was also pointless, indicate means nothing

Oh you miss the point entirely, how convenient. So lets make this simply for you, every time in any village or town, how many written notices do the councils issue externally.

Now let go bigger, when HS2 was proposed how many government letters were sent out indicating certain things, never mind the councils letters aswell.

Now lets move geographically to Africa, Zimbabwe has issued over 20,000 letters of intent so far across the globe, how many have created an income that was indicated so far....answer zero

Well if you think I am wrong, why dont you go check how many "letters" have been issued by government and civil service for brexit...Hint the number exceeds 25000