Member Info for mattwales

MNH not the only ones with this status.

As I understand it when you make the application to renew it comes up with Status: Renewal Intention to Refuse, Pending Representations.

When you havent yet applied and its out of date it comes up with pending renewal (3963) 2 squares to the right.

sorry I misread your text...yes nothing on the circum investment for a few years.

I agree it wasnt his best option.

If he had invested into something like MNH or as others have suggested got ZULU to DFS on what they had or RHA streamlined, electrified and up and running it would have been far better.

we'll know where we're with NIEEF in a few weeks. Personally i'd like them out but they want USD income so high chance they will stay in.

Do you really think Circum can be delayed a few years when the Ethiopian Govt have injected so much cash into the project with infrastructure projects directly to that mine area for Circum to commence production in 2021?

Even though he is a mining billionaire, Stephen Dattels wouldnt want to upset a Government who have funded their side of the agreement by delaying production.

whatsitworth the Zimbabwe Government doing well out of a crisis they previously had to rely on USD payments to pay everyone in USD. At the same time they are demanding USD and not RTGs from as much as they can.

Where does the money come for RHA?

Well last time Zim Govt pressed a button and RTGs6 million magically appeared for RHA in PREMs account.

This is why they have high inflation they press a button and print the cash from thin air (just like all Governments do)

last year RTG$ did not exist they were paid in dollars until RTG$ was launched on 1:1 parity with USD around when was it June time?.

in dollar terms miners have lost out bigtime.

inflation is 500%+ mineworkers wages went up 200%.

nothing to see mineworkers lost out.

since its now electrified operating costs in that report should be around half.

we're also relying on importation of equipment from MNH (which hasnt yet been confirmed to have been imported) who are charging PREM zero till we receive cash from RHA proceeds but we can do nothing without NIEEFs agreement.

its why id rather they give PREM all the asset and we go it alone or embrace a proactive jv partner.

I should imagine NIEEF given all costs of restarting mine contained in that report below also including the $17k to reprocess tailings.

We have a JV partner we can do nothing without their agreement.

https://markets.ft.com/data/announce/full?dockey=1323-13814030-1AAFGNKE6GIVFLPS921IM2PRIA

cherryburn, if u go on the airline and travel bb's and tell them all it worse than 9/11 we may benefit from cheap flights and hotels just like we did back post 9/11.

its a she and the only applicant for Zulu EPO is PREM. you realise there is an applications process over a year now.

their 2018 report stated it'd cost $17000 to get the tailings re-processed.

limited room for placing he has something like a £50k ceiling or so.

He would have to EGM and logically we're more likely to see an EGM for MNH RTO because even with that dilution we'd have profits flowing into PREM.

acker, I emailed GR with my own use vanilla bond instrument to part RTO MNH he copied in his whole team including Neil Herbert.

At this stage the use of vanilla bonds is their best to grow PREM.

Acker it also IMHO makes it more likely an MNH RTO sooner than later.

Combined they can go it alone.

yes acker the way RTG is sliding PREM are liable to be in a position where payback of that loan in RTG will be miniscule to the assets they own. I hope NIEEF pull out it makes it more investible for an outside party.

if NIEEF pull out lets hope it inspires an MNH RTO.

right now u'll have multinationals trying to keep their supply chain going and desperately trying to find off China supply.

at the same time consumers are liable to focus on stockpiling food, holidaying in their back garden (if it continues to summer) and looking for an excuse to get drunk.

All inflationary.

this is in my if this carries on statement.

If africa gets hit and mines stop we'll have the worlds largest supply shortage of every commodity.

prices will rocket for every single raw material commodity it'll be like the 70s oil crisis.

inventories for pretty much all commodity metals etc are falling (even as their constituent price falls).

If this carries on there will be a supply shortage of metals and prices will reverse upward.

huge disconnect on what this will effect in the market though.

airlines, transport, consumer goods and banks liable to be trashed before mining IMHO.