Member Info for Moljen

So CF if you're well researched and in the know and speak to the company then you'll be able to explain:
RNS 31st Oct 18 RHA deal needs 48 hours
RNS 21st Nov 18 SGS realists to be relaxed when received
RNS's 22 & 28th Nov 18 RHA not on meetings
RNS 20th Feb 19 drafting agreement for RHA
RNS 13th March 19, getting US $ 6M
RNS 7th May All done getting US $ 6M
RNS 27th June Actually done but RTGS $6M
So best part of a year later and confetti money is what 48hours and US $6M looks like
You were all researched, in the know and spoke to the Company there also and got it completely wrong. Nothing wrong with your optimism but to date completely misplaced and for as long as you keep coming up with similar statements as today such as MNH 50% of MC - where, how, what numbers back it up? "literally a procedural thing" when last time we had one of those is detailed above.
S72 talks a lot of sense, putting more in is a total blind gamble which people are free to do, not doing so doesn't make them traders, rather IMO sensible

CF - last audited results showed $20,000 profit and the latest accounts are $1.4M at the Gross Profit Level with all the Admin costs, company charges etc etc to come off which taken together with the need for the loan in no way indicates at cash cow at this moment in time. Your statement that it underpins 50% of the market cap is nothing more than your usual ramp which is not substantiated in any way. Likewise we've had upcoming Circum since Morgan Stanley nearly half a decade ago, it's stale and boring. Pics of RHA, jesus so what we've had similar pics on wonderful new sorters several years ago and the equivalent of a laughing gnome with a lump of rock on his head. Means absolutely SFA, its a photo that's all.
Something that is de-risking and looking more like an investment opportunity? Get real, you've been regurgitating this for so long now, it is exactly what it is a total long shot gamble nothing more nothing less based on the information to hand and verifiable.

TMWD - most ludicrous post ever in that I don't help the selling price. I didn't put out an RNS full of iffy irrelevant financial information, then do an interview admitting just going to knock on doors and pray and end it with the beginnings of more money needed.
Suggest you point the blame at the cause which is why after all these years and all the money he's still having to put out the same baloney to pull the wool over peoples eyes.

Well Mr Market seems to be reacting as expected to last week's RNS as it digests the smoke and mirrors and realises it was just more of the previous -
The borderline breach of the AIM rules with the garbage about Replacement Costs for equipment which bears no relation to how transactions are recorded and valued in Corporate Accounts. Companies are not allowed to put out information which may mislead, well it either misled or certain people who claimed we got $2M of assets for $1M or is it they are not sufficiently educated in accounting terminology?
The EPO, well we all know it needs el presidente to sign off so a meeting with a Minister is basically just more door knocking as they've being doing for years with the only real result being able to turn good US$ into confetti $
Then we have the the coyly worded end section, get ready for further dilution - IMO it won't be via EGM for headroom but in some other form of fudge deal. Doesn't really matter either way he's more or elating telling you it's on the way.
And some expected a decent rise in SP, go figure?

OK NT, one last one for you. whether Acker holds shares or not is irrelevant to your own wealth. Acker concentrates on the relevant facts appertaining to Prem and profits accordingly. Think about it for goodness sake, listening to BS on here costs you money, read it, check it and if you can't confirm it then its probably BS. Last 2 days what can you actually, really, really confirm - bugger all other than our CEO used some downright dodgy language regarding asset values.

Hate to burst your bubble boys but have you not worked out yet that Acker is probably one of them few people who have made money on this share. Mind you with you all believing we got $2M of assets for $1M it's not that improbable. Goodnight all, remember to put your fluffy rose tinted eye masks on so as you have happy dreams in Prem la la twitter world.

Napom - the presentation says 10,000 tpm in month 5 /6. Most recent info we have (yesterday) is that hitting the 5,000 tpm which is month 3/4. Unlikely therefore that Dec will be 10,000 tpm.
Mind you we all know forecasts, Prem was to be producing 4% of two worlds tungsten several years ago.
Oh see your "it did" comment, how childish

NT, no idea who you are asking? As far as I know everybody apart from Alchy who says he isn't (sensible guy got out at nearly 3 times where we are today) is still stuck in this PoS. Some just seem to be more stressed about it than others :-)

Thanks Acker, I'll have proper look over the weekend. First glance suggest 2 years and hitting 38,000tpm so the 500,000 annual is way past 2 years, including build up and exploration first glance says no cash cow here paying huge dividends for a couple of years minimum. Certainly not going to pay for a DFS at Zulu or getting a shovel and spade on the ground at Katete

Acker - you able to point me towards a verifiable source (ie not twitter) as to MNH production forecasts for the next two years?

See BP there you go, I couldn't care whether you have 7% or 0.7%. I pulled you up because you said 643M shares is 7% of the company. Well if there are 11Bn shares in issue 643M simply isn't 7%, quite simply you were wrong no matter how you now try and dress it up. If you're wrong on basic maths then I'd question what else are you wrong on which to me seems a fair enough view to take wouldn't you say?

Wolf my fixation isn't with MNH it's with the BS posted saying we got $2M of plant and equipment for $1M when the information is in a RNS yesterday confirming we didn't. This company's main issue has never been assets but rather Corporate Governance and this is just another example of it, GR talked about replacement value knowing full well it is entirely the wrong method of valuation for accounting transactions. You then have to wonder why considering what we have endured over the last 5 years. I think the last time I had a fixation it was over a little mobilisation with KME and we all know how that ended up.

Ok BP-
I don't need to discount value of plant to zero as we have a RNS detailing at 30 June 2019 Total Assets were $1.6M, all I have said is that any claim for us to have $2M from this deal is utter ****** and it is
1: We are a shareholder so all we will benefit from is what MNH have available to pay as a dividend. Y?E 2018 $20K profit, YE 2019 OPERATIONS ie Gross Profit $1.4M Net profit will be way way below this, say being generous $0.35M less tax say $200K, dividends on those sort of numbers will be zero or negligible as you need to retain funds to invest in the business
2: Seriously how much working kit do you think there is? Supposedly they're going to be drilling more Manganese, opening RHA, drilling Zulu and Katete and shipping it all 1,500KM through customs in two African countries. I've done business there before. Yes there may be some complimentary skills but on the scale being bandied about extremely unlikely
3: Circum value is just twitter value, value is what somebody is prepared to pay and as far as I know we were the last mugs to pay a value.
4: Listen to podcast, its all govt have acknowledged (same way they acknowledged it was US $) not real hard cash coming
5: Zulu we are at the bottom of all resource classifications, it means diddly squat till a full Jorc compliant report
6: See 5, lowest form of classification, its a guesstimate nowhere near proven (about $5M away from being proven)
7: See 5 and 6, we've been told it's enormous but its not actually been drill at all
8: Dattels isn't invested, a company he is involved in has made a loan
9: This one I don't know you'd have to ask him and see what the salary is
10: See earlier $20K net profit YE 2018, YE 2019 profit unknown but we know they needed a $1M off Prem, hardly suggests making huge profits and a cash cow really does it?
11: Err you're missing the point we won't be buying more MNH it'll be a coming together and then a dilution to raise the cash at which point GR and BR will convert their loans into the new already diluted company IMO
Not a crusade against Prem at all, you made 11 points, 9 of them don't really stack up against the facts, 1 I don't know and 11 my opinion is different to yours

Acker, you naughty boy winding up the sheep.
Anyway more seriously as I know you'll have researched where are these MNH ramp figures coming from or is people just saying oh, we've got some more kit therefore double the 5,000t and it's all profit whilst ignoring all the comments about exploration which will cost $M's
ps - you can see the limestone deposit from a stunning game lodge which used to be part of the estate but is I am now told part by a SA Ceo / Chairman of an AIM sited company

Snowing - hint, replacement value is not current value. We did not get $2M of assets for $1M, we got $160,600 plus 10% of any purchases subsequent to June 19.
If you really have 176M shares then I suggest having a basic and rudimentary understanding of accounts and accounting terminology would be useful
I really cant be bothered going into the rest all over again but read yesterday's RNS, this $2M is just twitter and people looking for a pump

Acker - have you ever seen the Prem prospectus on listing, supposedly they were to be the 2nd priority. Bit late in the day now unfortunately

Acker - at least somebody else on here knows what went on there and why any involvement could be a double edged sword

Jesus BP - fact GR 643m/11Bn is now less than 6%
Hot air ramping is one thing but you make yourself look silly when you exaggerate everything - RHA, a weeks work required BUT needs a part first (XTR sorter had the same took months to arrive) and then you need the ZIM workforce to actually do a week then the power company to actually have power to supply.
Fact - Dattels isn't invested, a company he is involved in has a loan to Prem. On your basis the MD of Barclays owns a stake in every shopkeeper Barclays has a loan to.
Listen to rampers or trolls, couldn't give a monkeys but if you're basing your decisions on what you call fact then at least be sure of your facts

Jesus BP - fact GR 643m/11Bn is now less than 6%
Hot air ramping is one thing but you make yourself look silly when you exaggerate everything - RHA, a weeks work required BUT needs a part first (XTR sorter had the same took months to arrive) and then you need the ZIM workforce to actually do a week then the power company to actually have power to supply.
Fact - Dattels isn't invested, a company he is involved in has a loan to Prem. On your basis the MD of Barclays owns a stake in every shopkeeper Barclays has a loan to.
Listen to rampers or trolls, couldn't give a monkeys but if you're basing your decisions on what you call fact then at least be sure of your facts

Oh BP, we've been through the plant ad infinitum today, it's not worth $2M it's another GR sleight of hand.
Another ramper running on hot air and wishful thinking