Member Info for mattwales

ynwa no one can answer your question in all honesty as no one can knows how much shares PREM will have by then.

while its feasible the EPO will happen its doubtful it will happen anytime soon and there is also the possibility, albeit remotely, the application will be turned down.

i'm also not responsible for the slide in the SP. GR upping the share capital 30% in a few months is and why it is impossible to answer your question as no one knows what he will buy next to further dilute the SP.

To be honest i'm wondering what GR will buy next.
sorter for diamonds and gold was on his last webinar bucketlist.

20 billion shares by end of year is not out of the realms of possibility especially if he buys more MNH.

thats the whole point some dont know the risks of investing.

One didnt even know there was a ZANU PF infight playing out and asked for links.

Everyone is EPO fixated when billionaire friends of the deputy leader are being targeted with money laundering allegations and his other mates are being removed from office. Since the deputy leader was the one who ousted Mugabe due to his links with the military its significant risk there will be another coup.
Everyone is EPO fixated when the civil service could walk out any moment on strike just like the doctors and nurses are.
Everyone is EPO fixated when the Zimbabwe Govt could seek to nationalise the mining industry like they partly did when Mugabe was running out of cash.
Everyone is EPO fixated when there is absolutely no chance it will happen with infighting in the ZANU-PF party the latest news a load of their MPs have gone to attack/recall their leader. Even the church are getting involved.

bizarrely, its the Zim political situation and the 30% dilution of PREM shares in 3 months which is bringing the SP down not anyone's opinions of the share.

because people are allowed to express their opinions an knowledge.

You didnt even know there was a power struggle going on within the Zim government and asked for links.

i only have a small stake in here. ive traded in and out of it quite a few times. Right now wouldnt touch it because it is highly unlikely anything will happen due to the ZANU infighting. Risk over the past few months has multiplied excessively and thats just the Zimbabwe political side.

Added to this PREM has added 30% extra shares in a few short months and i see that unfortunately continuing.

Donald i'm not really happy at all how GR has run this company or the slide in the SP but the risks are worsening both from a political standpoint and continuing dilution.

from last year

https://bulawayo24.com/index-id-news-sc-national-byo-160116.html

Strive Masiyiwa mentioned as a possible Zim VP to Chiwenga above is at the centre of ECONET now accused of money laundering by the president.

Factions of the ZANU PF are fighting the otherside.

https://www.developingtelecoms.com/telecom-technology/mobile-financial-services/9799-zimbabwe-issues-econet-warrant-over-alleged-money-laundering.html

mnangagwa v chiwenga split just a few of many articles.

https://www.thezimbabwemail.com/main/mnangagwa-foils-a-coup-attempt/
https://www.wsws.org/en/articles/2020/08/20/zimb-a20.html
https://www.zimlive.com/2020/08/19/paranoid-mnangagwa-expels-chizema-savanhu-over-alleged-chiwenga-plot/

what do u disagree with?

look at the blatant lies and bull**** written in RNSs.

one example May we're told MNH will pay quarterly dividends....so where is the MNH dividend end of June quarter???
either MNH isnt profitable as we're told or they're not paying dividends.

we're told there are offtakers for both MNH and RHA i dont believe a word of it....sadly some do.

for years we were told RHA was on care and maintenance now it according to GR needs $1.7m to get it up and running.....in short there was no C&A.

if shareholders are lied to constantly in RNSs the SP takes a battering as they and others see it as uninvestible.

the only hope to move for the SP to move up is an EPO for one day of boom and that now looks like its not going to arrive anytime soon because of the ZANU-PF power grab and split.

donald no one ramper or deramper can pull the SP down.

a muppet issuing a few billion shares in the space of a few months is the only one with that ability and the only reason the SP has dropped.

he's already told us he's looking at diamond/gold stakes from his last webinar so add a few billion more shares as well as adding further costs like security to secure the illegally mined gold land.

in short its bloody obvious why the SP has dropped and will continue to drop cos GR needs to buy something to feed his ego.

the way zimbabwe is going with hyperinflation they could repeat the nationalisation of the mining industy just like under mugabe.

my guess with Zimbabwe not having the ability to pay their own civil servants from treasury the EPO is way off.

Next up civil servants who do the govt work on strike joining their doctor/nurse colleagues.

robrob where is the TR-1 of Neil Herberts PREM holding if he hasnt dumped his shares?

even Stephen Dattels playing the possible Lithium ZULU hand is running out the door.

if all the insiders are running out as fast as they can they know absolutely nothing is imminent except a placing.

Zimbabwe is under martial law curfew....word of possible coup attempt a few weeks ago.

Top people accused of corruption as each faction targets the other shows there is a massive power struggle going on within ZANU-PF.

No chance anything will be done in these circumstances.

Neil Herbert dumped all his new PREM shares which shows you the direction he thinks this is going.

Its no market manipulation its everyone who was given PREM shares piling out taking the rug from fellow investors feet driving the SP lower and lower as more shares are issued.

Placing cant be too far off then more dumping of shares and more dilution with GR announcing he bought more nonsense with PREM shares.

Highly doubtful any news on RHA or the ZULU EPO this year given Zimbabwe is effectively under martial law and a power struggle at the heart of Government is going on.

he should have sunk the MNH money into getting RHA up and running.

Then with any RHA profits buy into MNH there is no thinking and we have no profits from MNH flowing to us and we're screwed..

the way he is running it with no news by end of year this could sink back to the 0.02/0.03 level.

the last webinar he did didn't fool some of the bulls like wolfie because he knows he will just buy a lot more crap with nothing to show for it.

he needs to focus on RHA and ZULU and is like a kid in a sweetshop looking for more sweets.

he got the full funding of the $290,000 loan from YA/RF back in May thats why they also charge interest on that loan into shares on conversion.

i thought he'd need a placing pretty soon.

from his latest webinar it looks like he wants to get rid of the sorter for a diamond stake so expect the sorter and more shares for that.

Also he wants more gold lets hope he goes into something near production, although i doubt it.

No update from the colossal MNH expansion where we sunk over $1m in cash.

MNH management piling out of their PREM shares faster than they can print them otherwise where is the TR1.

You all have faith in Neil Herbert when he sold out his PREM stake in exchange for his MNH shares.

on a positive note worldwide oil storage has plummeted around 300 million barrels of oil since June.

400 million barrels of oil left to hit normal levels of storage so November time real possibility.

USA should hit normal storage levels in 4-6 weeks.

Shortage of oil types like urals already.

USA will go into a shortage of oil storage 4th quarter and since it takes 6-8 weeks to deliver saudi oil to the USA prices could fly.

The way USA is playing out with lack of supply from USA, Canada, Brazil, Mexico etc they could go into a real shortage of oil by the end of the year.

according to all sources no changes will happen. In fact because of the loss of demand the Saudis want to extend it to 2022.

i think we will see the next oil price increase push when USA oil storage is about to enter normal levels which should happen within 4-6 weeks.

Tullows cash position at 30/6 was $500m according to the trading RNS.

I'm also reading a loss in 1st half of $200m based on the net debt increase from $2.8bn to $3bn which according to that RNS trading update they anticipate to make back 2nd half.

Worldwide capital investment in oil is a writeoff for 2020 and 2021 so i hope Tullow focus on buying near production assets
with the Ugandan proceeds.

This is the time to be building stakes in oil because 2021 and onwards we will go into a shortage of certain oil types.
With Urals oil they are already struggling with a shortage this will extend across more oil types lifting the prices of other oil.

Obviously this is OPEC+ dependent but they all look to be adopting a wait and see approach looking at oil demand.

I'm wondering if the OPEC+ play is to release oil to the market as we approach the price where shale becomes profitable so as to stifle USA and Canadian shale production.

yeah 40k tons a month by end of 2021 with the MNH expansion only the MNH expansion didnt happen.

MNH management have dumped the PREM shares they were issued which shows how credible MNH actually is.

Looks like we bought a problem.

Just like we bought the problem of assets illegally mined and we get shown a bucket of empty gold along with fully dug pits with mercury cos the locals have already processed and ran off with the gold.

Not to worry GR will do a webcast of the important geological news findings with likelihood of buckets full of gold to entice us all that he has outdone gold majors with his latest discovery.

More placings, more dilution of shares to pay off directors, management, consultants.

More dilution to pay off Fred Flintstone and Barney Rubble over at MNH so they can dump PREM shares.

I'm surprised GR isnt gold plating tungsten and dropping it as gold on world markets like the Chinese are.