Member Info for mattwales

when EPO hits imho

it'll be 3 times the price of here at least

im not being funny but there is no headroom for a placing without an EGM.

Where an EGM likely it may as well be a reverse takeover of MNR.

I bet u it flies from 2moro morning onwards.

fireworks about to happen good luck all.

aye Chris, Zim Govt cancels meeting to buy PREM and VAST :-)

on a reverse takeover of MNH?

My personal thoughts are if they stopped messing around and did a deal the SP would rally much faster despite the dilution of $8.6m shares.

I believe PREM would re-rate on a full deal due to the market looking at $35m of forward turnover (less RHA).

What are your views?

hammered news is on multiple fronts here.

you have derampers talking of a placing but for that to happen there would have to be an EGM now PREM bought 2% more MNH. There is no share amount to increase anymore.

If there was going to be an EGM its more likely to reverse takeover the rest of MNH which IMHO PREM should do as the market would see viability of turnover.

looks like market makers dropping the bid and walking the SP down for shares but all they got was mostly buys.

Look a ramp is when someone says EPO news will take this to 1p......and tongue in cheek it could

you really think rampers have the ability to trade 2% of PREM in 1 hour.

news to come

Zimbabwe cabinet cancels todays meeting to attend to other pressing engagements......lets hope its EPO sign off

https://www.zimbabwesituation.com/news/cabinet-meeting-rescheduled/

piling in....could it be to do with PREM buying 2% more MNH maximising share issue and hence no placing needed?

RHA is the only thing in GR's hands and even then he has his joint venture partner who are Zimbabwe Govt so decisions will be slow with bureaucracy. However, he managed to get NIEFF cash and electrify the mine pretty much on time.

The EPO for Zulu everyone knows is out of GR's hands, there are 1000s of companies in the same boat all undermined by the same bureaucracy. They should have split the EPO process into manageable piles and fast-tracked the larger mines.

His investment in Circum for me a mistake and its completely out of his hands ( they aim to produce late 2021 to build pit monies needed way before).

His investment in MNH in my eyes not a mistake its a producing miner with clued up management who can and have aided RHA profitability.

GR should concentrate on Bond holders IMHO like Vast have done. If he looked at $10m of a bond drawdown facility he could take us to Zulu DFS and buy more MNH.

admittedly we do need more RHA confirmations.

Like we're reprocessing tailings RNS - based on their 2018 report I worked out rough profit of over $150k

Then the we're open pit mining RNS when they receive the MNH equipment

Then and only then RHA is in production. and this time it should keep in production because operating costs have fallen from 2/3rd of market price to around a third. Even with low prices they can remain profitable (which wasnt the case previously)

no it hasnt the EPO has been super close since last year.....every company is in the same boat including VAST it hasnt been super close for years stop spreading bull****.

well more news will be RHA is now doing tailings and RHA is open mining....RHA is the only thing in PREMs hands.

EPO could come anytime.

Circum who knows they planned to go into production at end 2021 and Ethiopian govt doing their part of this step to production by putting all the infrastructure in place but Circum would need operational pit funds (so who knows what is going on bar Stephen Dattels himself).

no there was no old agreement with buyers. they are shipping it to Durban because South Africa has commodity markets they can sell in and not in ZIM $.

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

Their plan to ship it to Durban is there. I assume they will sell it in JSE commodity markets.

No plan for an offtaker is in that above report.

according to their 2018 plan they were going to ship the produce to Durban and sell it there

err says so in that RNS....no payment for services till receipt of proceeds comes in.

it means they'll need less working capital to get RHA up and running.

never bick but they have cut operating costs in half.

This Agreement will commence from today and will continue until terminated by either party by giving four months written notice of termination. MNH will supply its Services on the basis that the total cost to Premier will be the sum of all reasonable net disbursements incurred by the Provider in provision of the Services. Payment for the Services will initially be made against receipt of proceeds from the sale of Wolframite concentrate at RHA.

They get free equipment until sales proceeds and people are moaning about why wasnt NIEFF paying.