Member Info for mattwales

u'd think with their disinformation campaign and lies they could all be politicians

cf73 dont believe a word any of them say, they part of the same crew (if not the same person with multiple accounts)

come back next Wednesday when your whole boiler room crew will be long and singing praises

MNH Profitable he mentioned it a few times.
EPO - sitting down Wednesday with Government
RHA - Weeks work left to do, awaiting a transformer. Also discussing further finance from Zim Govt at that Wednesday meeting
Circum - Will come when Stephen Dattels decides

hope your short burns

yeah a lot higher, 2nd half should match/better EBITDA over first half $372m

but I agree with u trump could even up tariffs in a week on china....no one knows what the future holds

well yes but so do US investment banks with their control over commodity markets.

with the greatest respect they werent going to expand production 150% already and double it again by the end of this month if they were making a loss.

ok based on what we know

In its unaudited management accounts for the year ended 30 June 2019, Otjozondu reported revenue of N$71.0 million (equivalent to US$4,828,000) and an operating profit before tax (and interest charges to group companies) of N$21.0 million (equivalent to US$1,428,000). Total assets as at the same date amounted to N$23,630,807 million (equivalent to US$1,606,895).

by end of this month almost 11000 tons circa $1.75m a month turover

what will u do when we start to re-rate and then keep on re-rating?

I dont think everyone has woken up to it in all honesty we should be up 50% on the deal.

we have 10% of a company with a turnover rate in excess of $20m by end of the month rising to $60m in 12 months and $80m in 2 years on a pretty big dip in Mangalese price.

sorry im just pleased he has done something smart and a serious cheap bargain.

nothing at all but I am hoping we can get a lot more of the slice in all honesty.

even on low manganese prices its a cash cow.

exactly they are already on the board.
i'd rather have 100% of the asset and further dilution because its in a safer zone and at least we'd have profits.

Not on a monthly basis but $20+ million profits from end 2021

Acker, id rather them reversing into us in all honesty and this could be the plans.

cmon everyone was saying the deal was crap, its brilliant and manganese prices right now low.

They plan on doubling production by the end of this month thats $20m a year on crap prices.
With plans to treble production by dec 2021

https://www.premierafricanminerals.com/investors/corporate-presentation/preview?path=190712%2BOM%2BPreso%2BJuly%2B19_FINAL.pdf

Otjozondu, Short Term Operating Plans
• With the addition of the Purity plant and equipment OM is commencing a staged increase in manganese production from 5,000 tpm to +38,000tpm
• The strategy to enable significant increases in production include • Purchase of the Purity plant • Commission a second mining fleet for full time operation • Commission 2 small course product jigs at OM site – + 30 tph Q1 2019 • Commission 2 fines jigs at OM site - +60 tph fines product Q2 2019 • Convert logistic chain to bulk on rail and bulk to port • Q1 2020 commence production through the purity facility • Q2 2020 commence open pit mining on Purity licenses
• Forecast Production Profile (tonnes) Fines Course Total Product • Dec 2019 1,750 9,000 10,750 • Dec 2020 10,500 19,000 29,500 • Dec 2021 14,000 24,750 38,750
• Target annualised production of 500,000 tonnes, revenue US$ 80M

I agree cf73 dont forget those funds at MNH were used for expansion. turnover is likely to be $20m a year once they up the rest of this first expansion up to $80m a year within a couple of years.

no Chippy those figures were for the year ended 30/6/2019.

Since then production has upped around 5 fold.

Their plans are to increase revenue to around $80M a year, profit of roughly $20m.....10% to PREM what do you misunderstand.