Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
George Roach, Premier's CEO, commented: "Even though we made significant progress at RHA during the last quarter of 2017, the mine did not meet the guidance of profitable production during Q4, 2017. Premier has previously stated that unless RHA traded profitably during December 2017, Premier would not provide further financial support to RHA. Who paid for BARA and how much did it cost?
I left the share group when there was willingness to challenge the last share ceiling raise. My main reason for this was that GR has had chances to run RHA and bring income even if it not the most efficient option it would send a signal to the market. He even has this as an option 4 in one RNS and decided against it. I would like to gauge opinion is there anyone still out there who would be willing to support GR having another placing before one of the following happens 1) JV is signed 2) RHA running in some form generating revenue. I have no doubt neither of those will happen before another placing and beyond that either asset strippng/wind up or attempt at another share ceiling increase. Plenty still maintain this is a doomsday scenario but at some point people need to realise GR needs to deliver on some monetary income outside of placings