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Wolf, the people with balls are those who have not been averaging down over or falling/ participating in team ramptastic over the last few years.
Not saying that's you but rather an observation in general as we don't seem to hear from any of the spineless ball less wonders anymore
Ah I remember the days when I was the lone whinging bar steward on here - by christ how many wish they had sold out then or not averaged down like demented woodpeckers.
Futures looking a bit bleak here now, we all know how a consolidation on AIM works .... here I was waiting for the 3's and dead cat bounce, now it looks like post consolidation equivalent 2.4's.
GR the man who makes you poorer but hopefully will have the last laugh when the cat splats.
Anyway can we have a good old laugh from tomorrow as it is the season to be joyous and merry - please call all team ramp members come and give us their best ramptastic post from over the years. I'd have tears running down my eye's re-reading one of Tedboy's we're bigger than Vale calculations or one of Napom's GR has promised us or Charlie chucking another £10K at it and why.
Funniest post in ages about hitting the share ceiling - never made any difference before so why should it now. Four months of GR and the crew not taking wages, ye old family trust lend a few quid and hey presto in a few months time we're back where we were ..... no raise of share ceiling and co goes bust so yet again share ceiling will be raised, swiftly followed by it all being used up to clear the new old debts and for some discount placing with teh remaining to raise a few hundred thousand.
Rinse and repeat at least twice during 2021.
ps Snowing what happened to the news flow in November we were all meant to be looking forward to as this today is nothing as quite clearly says so in the RNS, not even enough to hazard a guess as to resource.
Just a pointless little one but we have 0.0385 on the board, no doubt the bigger ones will follow. Looks like for the umpteenth time in a row the ramp brigade who arrived over the last fortnight have it got it wrong yet again. Must be halfway to dead cat splat zone by now, descent will no doubt be aided and abetted by a placing for whatever fantasy GR wants the ramp team to pump
One massive short squeeze - please return to Charlie when found.
Seeking - one producing gold mine available for confetti or less than $2M (I know even single mine producing in dodgy regions are valued at $125M as hold HUM but hey ho some of you think it's possible)
Good luck to all who averaged down, newly bought on this weeks rampathon .... I'm still awaiting arrival of a dead cat but you do keep me amused whilst waiting
Rats / Knowlesi - think you two are at x purposes. The post today was by Dr Kissinger (Inn) and included an email supposedly from Prof L regarding voting. Absolutely nothing to do with NXC who has posted today with some of his own thoughts on a divided board etc.
For my sins I'm still hoping the BoD, RM and Vulpes provide some additional information tomorrow, however if not I'm still furious at the way Vulpes dumped the million shares just when this was heading the right way and it will have cost them my vote. If I get shat upon once I don't give people a second chance but that's just me. Moral of the story phish poor communications produce phish poor results and yet again we are failing miserably with a multitude of questions which aren't being answered.
Acker - last year? what about the year before and the year before (repeat several times).
See a short squeeze was the P&D this time round - the reasons get more hilarious each time. Only reality is that Prem has no funds to develop anything and the few bits of paper they do have have are negligible value in today's climate. It's still on course for a £2-£3M market cap at which point even I'll P&D, till then I'll just keep calling it for what it is.
Acker - what did you expect? As usual the shameless brigade have been out over the last week sucking in fresh meat whereas the reality is it's still a car crash & the cycle begins all over again. Still holding out for half where we are now and possibility of a dead cat bounce, this one most definitely wasn't it.
Got better things to do with my time but if anybody else wants to respond to the imbecile just copy and paste the black and white below.
"........ payment of certain debts and for general working capital purposes necessary for the Group."
RNS Number : 7162C
Premier African Minerals Limited
21 October 2020
Jesus why on earth are you all having a discussion with someone who is obviously a Company mouthpiece or Napom in another guise. It tells you in the RNS the placing is to also include paying down some debts.....
payment of certain debts and for general working capital purposes necessary for the Group.
Its another P take RNS from GR, same as have been all the others over the years and same as the next one will be
for the cat to splat but this should safely see 0.03 so not much further to go. On the bright side as least we won't se any of the moronic imbeciles who have been ramping the ass off this for the last few years for a while - well aside from the really really stupid ones. Morning Jojo
Just a little aside on the lousy MNH numbers, the exchange rate has moved some 13% against for translation into $, so even if they can maintain production at the loss making situation level from the 1st RNS when we bought in then instead of $1.8M of turnover it'll only be $1.6M
As to the rest of it, same old same old and needs a shed load of dilution to keep it going .... 0.02 to 0.03 still well on the cards here for the patient and perhaps a dead cat bounce trade.
Surely now this has to now rank of one of AIM's most shambolic run companies (excluding the outright frauds)
Matt - note 16 Annual Accounts tells you what most of it is...apologies for cut and paste formatting, basically £800K is 3 parties, 2 of which have disappeared in current year as now loans or settled in shares. Balance, who knows?
16. Trade and other payables
2019
2018
$ 000
$ 000
Trade payables *
1 065
1 188
Accrued expenses
303
1 211
Payroll liabilities
38
558
1 406
2 957
All trade and other payables at 31 December 2019 are due within one year, non-interest bearing, and comprise amounts outstanding for mine purchases and on-going costs, except as described further below. The Directors consider that the carrying amount of trade and other payables approximates their fair value.
* On 11 March 2019, amounts owing to JRG Consulting amounted to $0.190 million and ZAR 0.245 million (exchange rate of 0.0694 amounts to $0.017 million). Interest is charged at 12% per annum, compounded monthly. Repayments are agreed at $0.055 million per month. At year-end $nil (2018: $0.207) was outstanding in terms of the Memorandum of Agreement.
* In April 2018 Brendan Roach loaned the company GBP 0.084 million. In the current year this loan was converted to an interest bearing loan.
* At 31 December 2019 there was an amount outstanding of $0.398 relating to consulting fees. In August 2020 most of these fees were settled thro