Member Info for mattwales

Zimbabwe more problems than signing EPOs and renegotiating RHA.

Few months past lockdown we may see activity but even then it'll be notoriously slow.

Circum, seriously not sure they will get interest to IPO potash price is down 25% over last year and its still falling in price due to too much supply.

As capex etc gets cut by potash suppliers it'll be around 18-24 months before prices recover.

MNH was my hope out of this ****.

Based on their forecast in the October report MNH should be producing 15000+ of tons at this stage and now we're told 5,600 tons.

i've gone a little negative because i knew Zimbabwe was a basket case but seriously believed if MNH could hit their forecasted proections then PREM would not have needed more placings.

MNH is at a third of production forecasts and i know in 3 months time it'll be more placings because whatever is said to us the reality is PREM is going nowhere.

isn't it obvious it would be? they have to issue a shedload of shares out and that latest placing group are probably forward selling.

is circum even economically viable?

I dont know their potential operating costs but potash prices are down around 25% over last year.

potash is forecast to fall further this year.

cant see anything out of Zimbabwe till post lockdown can anyone else?

not sure circum could ipo as early as next year, Potash prices are through the floor right now.

all we had in the webinar was a repeat of feb and it managed to get a placing away then.

Lithium price has been crashing for a while acker.

There was too much supply before demand cratered with covid 19 in any case.

Acker, im aware of the strong supply for Lithium but demand is still going to increase 1000% up to around 2035.
This latest dip will cut capital expenditure and mothball pits till prices recover (a bit like with oil).

yes rob exactly, it'll take about 4 years to get it to become a mine.

I not worried about getting a JV for it as potential investors would take the long term view.

im just worried it'll be NIEFF because it'll be nothing but delays.

I meant DFS not JORC. Hopefully Stephen Dattels comes in after selling off his Lithium assets its a possibility.

acker, the trouble is we dont know whats at ZULU. we have a preliminary target.

It'll take millions to get it to JORC and hopefully NIEEF wont be our joint venture partner.

ZULU has a lot of potential but i agree with you that Lithium prices having crashed it wouldn't be economically viable right now. 18-24 months time Lithium prices should recover.

napom, you need to speak to people like James Goozee and collaborate some plan to incentivise the BOD to get things moving.

A proposed 50% cut in salaries for BOD and senior management till RHA is up and running is bound to kick GR and his team into some kind of action.

Plus it delays any dilution till RHA is up and running.

wolf, because its obvious we're being given the same info as we have 3 months back.

look I felt this was a positive investment based on MNH and the progression we have been told of in RNSs right.

I think every investor believed in the MNH story, even napom now is still quoting the forecast of 38750 tons by end 2021.

MNH went from 5000 tons to 10000 tons processed in 1 RNS then another RNS producing up to 10000 tons.

Then suddenly MNH is producing just 5600 tons.....im questioning what is true and whats a lie.

Do i think this can come good? yes, if we're not fobbed off every single time with misinformation.

Its obvious that RHA/ZULU wont progress till after covid 19 lockdowns fully end in Zimbabwe.

At this point PREM starts to become a viable investment but right now i believe fully we're being fobbed off.

you mean misinformation from me or GR?

napom your the spokesman for the shareholder action group.

From GRs own lips back in February you clearly heard him say well its interesting you know I bumped into this lady on the Zim Govt stand and she addressed me and reassured me it was on the way to the printers, they have this gazette u see.

From RNSs back February we're importing equipment from MNH to produce tailings and possible open mining.
Then we're reassured this will happen.

Then NIEFF stick negotiations on hold and GR repeats his we will produce tailings misinformation and the same lies as February.

Now to MNH you can clearly see Napom the presentation we were given by GR in October which shows 10750 tons produced by end Dec 2019....you can clearly see this forecast after $1m investment..

You can clearly see that on the progression of MNH forecast they should be hitting 15000-20000 tons by now.

in RNS we're told continuously MNH is producing up to 10000 tons a month.

Then suddenly in the webinar GR lets price sensitive information sip out its just 5600 tons which obviously upsets the NOMAD and why they had to RNS it.

Napom, you do realise the NOMAD could resign based on GR dropping price sensitive information in a webinar?????????

0.05p that is.....can anyone see this webinar was to incite positive trading before the huge share dump?

napom I bet you nothing gets actioned and post SGM 3 billion shares get dumped from all the varying conversions.

you'll be on here cheering going we'll be producing tailings soon as this heads back to 5p.

you realise that the cash NIEFF paid covers around 20 days of PREMs overall loss?

you realise that PREM is stuck until after covid19 lockdown ends and they start negotiations again?

this is unless the SGM gets approved and GR does a post SGM placing of $1m of so to get RHA up and running.

your a fool kid rather than a webinar we'd have an RNS stating we're producing tailings, are you really this misguided???

because they are in negotiations still napom which have been put on hold.

Ask GR if he can progress without NIEEFs approval, its obvious he cannot.

From that update you clearly see everything is on hold because of covid 19.

not just RHA but ZULU too absolutely everything because Zimbabwe is still under an indefinate lockdown.

https://www.aljazeera.com/news/2020/05/zimbabwe-extends-coronavirus-lockdown-indefinitely-200517065538318.html

OMG napom yes PREM has operational management when the mine is up and running.

IT HAS ABSOLUTELY NO SAY IN PROGRESSING THE MINE OTHERWISE WE'D HAVE PRODUCED TAILINGS AND WOULD BE IN PRODUCTION. NIEEF HAVE THE FINAL SAY WITH 51%.

You seriously havent got a clue how joint ventures work do you Napom.

The majority stakeholder always has the final say on what the hell happens.

We're in negotiations with our majority stakeholder who makes all the decisions to proceed which have been delayed by covid 19.

https://www.lse.co.uk/rns/PREM/funding-and-corporate-update-wdzt2t6dgw2w7he.html

Bizarrely kid I am not making anything up. If PREM could do what it wanted we'd have produced tailings back Feb/March time....everything got put on hold didnt it.

THE REASON IS ITS UP TO NIEFF NOT PREM.

https://www.lse.co.uk/rns/PREM/funding-and-corporate-update-wdzt2t6dgw2w7he.html

then in a webinar he tells everyone with RHA we will produce tailings.

NO HE WONT......the Zimbabwe Government (NIEEF) is the majority shareholder in RHA with 51%.

NIEEF are the only ones who can authorise any production in the slightest at RHA.

If you do not believe me the FACTS are we were told February we would produce tailings, its now end of May.

The FACTS are the company cannot do a thing without NIEEFs agreement which they delayed while providing $117k.