Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’m not part of any group but don’t believe this course is best. GR has proven, on a consistent basis, that he will do what he wants in his best interest. Some emails to the board won’t change much. As for a plan B, I have no idea but I think I’d rather walk away with a loss right now than the strong potential of nothing at all.
Why are we even talking about Zim electric grid connection when the asset isn’t even connected to it? Pointless exercise! The connection to the grid alone is going to cost an absolute wedge too. The 6 mill, if it’s ever going to land, is going to be burned through so fast and then you have GR scoffing at the trough to take his own slice from it. This stock, viewed externally, must look like the laughing stock of the AIM.
Just re-reading the last RNS. So PREM still only has a 49% interest in RHA. What happened to the 80%+ everyone said we would get? Also, this was an eye opener... ‘Use and application of these funds is expected to see RHA back in production later this year and allows for required upgrades that are expected to result in major operating cost reductions including electricity grid connection’ 400k has gone on gennys to keep the lights on. RHA is a terminal illness.