Member Info for mattwales

the reality is PREM is going nowhere.

I knew Zimbabwe was a basket case, it is there for all to see there are going to be many more delays.

They cant agree to invest in a mine that would be profitable if it was sanctioned which tells you everything you need to know.

Either GR didnt give enough backhanders or he is being played so RHA dissolves into a continuous money pit and PREM then ends up losing its Zimbabwe mine.

It isn't too out of the realms of possibility that the Zimbabwe Government want PREM to bust so they can take their assets.

Think on this logically they agree electrification but then stall everything. Does this make any common sense to you guys?

Its precisely why shareholders have no option but to vote yes.

There should have been strings attached like a heavy cut in salaries until progression was made on RHA.

Right now there isnt any pressure and this kid can just sit back on £250k a year while rolling out the same hymn sheet every 3 months.

The webinar was pretty much the same with different words than the last one with the exception of the Lady from Zim Govt said EPO was in the post and it'll be posted in the gazette shortly.

I guarantee you in 3 months time we will hear more rumblings of RHA, EPO and Circum to get another placing away.

Napom why has no action been applied towards cuts in salaries. They are excessive especially in the view that nothing is moving forward. Cut board/management salaries in half and they'd need placings every 5 months and not 2/3.

yes but the SGM wont be rejected, it cant be because shareholders have too much to lose.

Not only circum shares but the company would die on the spot unable to get further needed funding.

you do not read my posts......I never mentioned the regency loan.

I mentioned the $290k conversion to 3 shark investment firms who always forward sell.

If you bothered to get your head out of your arse realise you have been screwed over again with words and absolutely no action then maybe you and your shareholder action group would actually achieve something.

Napom, the cash they raised April and May is effectively 3 months cash.

I bet you we sink back to 0.05 before a flurry of activity converting more MNH and webinar and bright lights to a placing July/August.

I bet you this repeats all this year with no one from your shareholder action group saying cut salaries till you achieve something.

Napom, PREM is losing approx. $1.7m a year so we can safely assume that cash is being spent at a rate of $140k per month

PREM shareholders have no option but to agree otherwise its default.

Napom, do not skirt around throwing Regency mining terms at me when they have other conversions most noticeably to 3 shark investment firms for $290k.

Napom its no lie your not exactly smart are you.

They have to approve the SGM or PREM has to repay $200000 back to senior management and $290000 back to those 3 investment groups i.e they are bloody well bust. Jesus Christ do you need coffee to wake up?

I would suggest up to $290000 of shares have already been sold by those 3 investment groups.

I would suggest MNH will dump $700000 post SGM, with possibly the other 2 groups dumping a further $500000 of shares.

why would i lie its obvious to a blind man what will happen.

Napom, shareholders have no choice but to say yes otherwise PREM is bust owing $790000 in 3 conversion placings they signed and PREM already spent most of this cash.

Napom, where is their TR1 holding for every MNH share they converted into PREM shares, simple there is none they dumped the shares.

D-Beta One EQ, Ltd ("D-Beta"), YA II PN, Ltd ("YA") and Riverfort Global Opportunities PCC Limited are the same bunch of professional investors who dragged down PREM shares in the past. They borrow stock and forward sell, convert at a later date. They would have been selling.

The rest will be dumped just like MNH management dumped their last PREM shares between now and post SGM.
If they didnt dump their shares for cash where is their TR1 holding?

its why all of this recent share price spike is just like the previous one cos of placings, a classic pump and dump.

However, this one is much more larger as $1.49m worth of shares will be sold between now and post SGM.

Once they are out of the way we'll have another frenzy 3 months down the line before another placing and more conversion of MNH.

Steven he cant hold off the SGM. He signed off on approving placings 9th April $200000 and 7th May for $290000 (cant convert till June). Also the $300000 agreement with Regency Mining to convert into shares.

D-Beta One EQ, Ltd ("D-Beta"), YA II PN, Ltd ("YA") and Riverfort Global Opportunities PCC Limited probably sold out a lot of their stake on the recent spike as they can borrow shares to cover sales.

The SGM needs to happen to satisfy all of this plus the $700000 MNH shares which will be dumped post SGM.

One of the worrying things is while MNH have been given shares they must have been selling as their was never any TR1 notification.

Napom, look at South Africa. Pretoria closest city to Zimbabwe is climbing rapidly with cases. Its common sense this would be travelling through the roads to Zimbabwe.

However, Zimbabwe do not have the functionality of their health service to test etc like South Africa do and why its liable to be massively underreported.

yes Napom but the cases spiked from 67 to 132 overnight and are liable to now climb higher from here.

As you say they come in as they are reported and communications are poor in Zimbabwe as most people live in rural communities. If anything its liable to be way underreported.

they'd want to put a handle on it because it would spread like wildfire and their health service is poor/non existant.

Thats why every person entering Zimbabwe is under strict quarantine on arrival and why with over 100 escaping they are being pursue by security forces.

Napom im well aware of the low figures....they more than doubled cases to that figure of 132 in a day see the spike up.

Vast is falling because of their placing but also the seriousness of whats happening in Zimbabwe.

The Zimbabwe economy was imploding which resulted in machete gangs attacking artisanal mining pits.

However, their economy under continued lockdown is getting even worse.

https://www.businesslive.co.za/fm/features/africa/2020-05-28-catastrophe-looms-in-zimbabwe/

Everyone suggesting any news will come out of Zimbabwe anytime soon about mining EPOs and investment into RHA is delusional in the face of whats happening there on the ground. Covid 19 has shut it all down.

This will affect everything until further notice because they will be unable to get a handle on it.

https://www.voazimbabwe.com/a/zimbabwe-coronavirus-covid-19-cases-/5438223.html