So rough estimates is good enough now but back then we needed to pay BARA to tell us what to do. I guess we will need to go back to them to sure up the 6m spend. That's is of course if we ever get it
Help me understand this a little better. We did a placing to pay BARA to do report (after saying we would not put 1 more penny into RHA) which suggested $1.657 million would be required in additional funding. Now the gov is giving us 6m we don't need BARA to tell us how to spend the full 6m but we did need them to tell us how to spend $1.657 million. Perhaps I missed it
Moljen that is an interesting point. I believe we required a previous raise to pay for the BARRA report itself. So which is it 6m or 1.5m? It would seem strange the gov willing to provide 6m if it were all not being used on RHA? I wonder if the XTR is still functioning or requires a placing to turn it on again
So some proven of the 160m (believe that was the previous rns) and RHA say shipping tungsten as we did get some lovely pics before. Both of those a prerequisite to any future funding requirements, would you agree Smile?
Looking forward to the next update on drilling on zulu and restart of RHA. I am very curious to see GRs plan for the 6m coming from the government. In his latest interview with proactive he alluded to having a plan for the full 6m. It will be interesting to see that and how the market feels that plan adds to shareholder value
Because I suggested we try to stop one of the many raises. Democratically voted down so i left. I don't see them doing anything other than chat. Napom thinks he has GR ear and likes to speak to him with out consulting other holders. At least when I was there
P.s. I really don't understand smilemore what the hell your vote is trying to achieve. Perhaps the cheerleader group could have validated their holding and actually put something to the board at agm. But Then again they are just a bunch of cheerleaders
All this debate and smile trying to now look like he is one of the PIs. No funding can be given to PREM by PIs until GR delivers 1 of the following:
1) 6m cash from zim gov
2) circum ipo
3) rha production - I note below the comment on the survey results. We did a raise for that too when we were told not another penny
Until he gets off his fat ass and actually delivers something for his 300k (remember he gave himself a 100% remuneration rise in 2017) not a single penny should be given to prem from PIs.
People have no issue with raises but this company has got to a stage where 1 for question the intentions and value add of each and every placing....
I agree I hope his work to clear the placement shares will soon be done. I am worried however that he is having to put in so much effort. He did confirm something is going to happen this week so anticipating something good. A wire of 6m perhaps
I think from watching the video he can hardly keep a straight face when asked how much he needs to "spend" on RHA. Would love to see detailed spending on the 6m