Member Info for Moljen

Many trades after the 66 reported here, actuality is looks like close was 12-12.5, down another 5.8%.
About par for the course after yet another jam tomorrow podcast, ah well always 2020, what's another year amongst old friends.

Hi Jessell, cos you'd miss me x

No Mal, its not answered all that is answered is delivery time of transformer types. Doesn't answer in the slightest where our transformer is, in or out of country so it's still how long is a piece of string. Could be months before it actually arrives on site and months to do a weeks work. Then we have the question of Zesa's electricity production to take into account so still an unknown possible jam tomorrow, nothing more nothing less.

Listen to podcast Mal, still awaiting a transformer. Lets hope its delivered quicker than a signature

Yes Mal, in my first post I did mention it was good only a week of work to complete at RHA however also flagged up that we are waiting on a transformer and no mention of where it is in the supply chain. We've had issues in the past getting equipment into the country before so unfortunately it's just yet more jam tomorrow.
A certain gold mine was ready to go also but then wasn't, we've ascertained the $2M of assets is BS and in due course we'll no doubt find out the rest is just wishful thinking also

Sure you would have done Mal, the price went down for 4 years and had a mini spike and is now gradually going back down again.
Aside from a 3 week period in over 200 weeks and you claim you'd have been a lot poorer, mind you after your ra ra'ing of the $2M of plant I'm not going to put too much into your mathematical capabilities.

Bick, you're wasting your time with Napom he's doing his usual after having being caught out pumping the proverbial out of this with his $2M. Now reverts to name calling which coming from a man who can't read an RNS and use a calculator and then his scattergun, what about this that and other.
He's got just about everything there is possible to get wrong about this company for over 3 years now, only other consistent apart from being wrong is what happens next as he is doing now.

left apart from Napom and Mal who still doesn't understand we haven't got $2M of plant and machinery for $1M?

F4M - you're getting the picture now, the only newish stuff will be anything acquired with our $1M as the rest of it has been around for ages. What do you get for $1M, truth is not much - big livestock trailer is £175,000 to put it into perspective. This idea that we're going to be a mini RTZ digging up half of Africa is ludicrous, fudge deal with newco will get round having to raise headroom and just need a "deal approval" to now occur in Jan with massive dilution to raise some cash is where I think this is heading.
Shares to stay in bottom draw and I'll relook post fudge deal (as we all know how they work out) early next year.

What $21.4M worth to get to $22M to get to 10% being $2M?
PMSL, don't think I'm forgetting anything.
You've bought into Napom's BS without properly reading the RNS yesterday and not asking yourself why the expression "replacement value" was used.

F4M, thank you for acknowledging I have the numbers right - according to Mal that makes me a twat. He'd much rather people believed we'd got hold of $2M worth of plant for a $1M.
If people want to average down, buy in, sell, trade or whatever I have no issue at all as what people do with their own money is there choice. These BB's should be a useful source of information but there is a concerted campaign of misinformation from a number of posters on this board and when pulled up they simply refer to people as twats or similar.
So please do whatever you want with Prem but when you're ticking off what is fact from BS the simple fact is we have not acquired $2M of plant for $1M, perhaps ask yourself why some people are so adamant we have?

F4M - which bit? yesterdays RNS saying total assets are $1.6M or saying 10% of $1.6M is $160K as they're both verifiable facts.

Coming from the man who multiplies $1.6M by 10% and comes out at $2M .... what's lower down the intelligence ranking than an idiot as you must surely qualify based on your mathematical capabilities?

See new baloney claiming we've acquired $2M of assets for $1m because the replacement value is $22M - absolute balderdash $22M is replacement value NOT what they're worth now.
Know you ramping brigade hate facts but here is yesterdays RNS's announcement .... Total assets as at the same date amounted to N$23,630,807 million (equivalent to US$1,606,895)
So end of June 19 ALL of their assets amounted to $1.6M, so Napom will have you believe they've acquired and additional $20.4M worth in the last few months for 10% to be worth $2M
Reality check time I'm afraid folks our $1M means we now have a 10% stake in assets which even if all were Plant and Machinery comes out at $160,600. Not quite the same as $2M for $1M unless you've got super dooper turbo charge rose tinted glasses on.
How much ****** can you lot continue to take in when it's so blatantly obvious that it's a load of codswallop.
Replacement Value means diddly squat, just another pull the wool over your eyes trick from GR - the real value is in yesterdays RNS

Mmm, little snippets taken from this one:
No near term revenue from the Manganese mine - mentioned twice in first few minutes
Zulu Epo isn't the size of Yorkshire, 20K hectares is 200Km sq which is a tad larger than Glasgow
RHA - awaiting a transformer, well that all depends where it is in the supply chain really. Fairly sure from memory in early RHA days we had months and months of delay waiting for something to get through customs. So good a weeks work to do but bad if its a couple of months away
Deal being discussed for RTO / merger with manganese venture
Knock, knock, knocking on doors - been doing it for 3 years now to what effect?
Replacement cost on equipment is very very different to current value - a car may cost £20K to replace but if you're driving a 10 year old version of it with 100K miles on the clock it ain't worth £20K
No cash, no headroom and then as GR's mouth moved saying he couldn't do anything without shareholders approval easy enough to put 2 & 2 together confirming what posted back end of Sept that it'll be a fudge deal with these guys via a vehicle which will effect dilute Prem shareholders as cash will need raised. Luckily if major creditor (GR & BR) perfect opportunity to then convert these loans into shares in vehicle and avoid the dilution.
I'd say my post from Sept looking far more likely than all the forecast Oct / Nov RNS forecasts as to RHA reopened, el Presidente signing off EPO, EPO size for being the size of a major UK county, JV jumping onboard for Zulu etc
Gradual drifty down over time then till we get some real detail on what the vehicle is because I'm afraid nobody (apart from our ramps brigade) can take his words a face value, there's always the small print to decipher. Perhaps somebody wants to drop them an email and ask is replacement value based on brand new kit or buying equivalent kit in the same condition as current.

Didn't look hard enough Mal, but there again you've been wrong since day one here so no surprise. November 2017 when you and your don't like hearing the truth brigade were all urging people to pile in here (price over 0.4 by the way then!!) because it was so awesome I was buying into Versarien big style at 32p and posted it.
You carry on being very happy, I'm not 75% down on the averaging down opportunity that presented itself then which you all raged about. In fact still over 200% up not counting the shed load sold at £1.60 and rebought at 99p.
Carry on happy clapping, sure there are people who bought into the happy clapper brigade bull in Nov 2017 totally concur with you.

Of course I am DD, this is a glorious share which over the last few years has generated stellar returns and has a captain of industry at its helm. Everybody pile in with everything you've got, get loan on your family members as this is the surest thing in the world. It has to be, just look at the quality of posts on here and how many people are now suddenly rich.
Yeah sure mate, pretty sure I won't miss your company either

I believe you as much as I believed the imminent mobilisation of kit with KME, my rose tinted glasses say you're just another down far more than expected, continually averaging down in the hope things will get better hence why you don't like the bleeding obvious being pointed out. There is no RHA saviour coming as ZIM is quite simply unable to generate enough electricity or have funds to buy it in, Circum has been happening since Morgan Stanley in 2016 (many of todays cheerleaders this time last year were telling of Jan 19 IPO, look how right they were there), EPO being signed back in Sept or was it early Oct.
You keep chucking money at this, that's your prerogative and no skin off my nose

29th April 2018 "Phillip1976. Of course we will get news there are no ifs it will come and soon imo. I'm only sorry I have no more funds to put into it."
Weren't you a luck boy / gal x

Oh DD, fortunately for yourself you had no more funds to invest when you first appeared on this board (your own words) a few months ago. If you had then you'd be best part of 40% down by now from the date of that post, I'll leave you to have a good look at your piggy bank and decide whether you should be investing or not.
Facts actually dictate a share price not wishful thinking and today's RNS simply confirms the inability of the BoD over the last 5 years and the market has reacted accordingly. Likewise as Circum, RHA and the EPO sign off never quite come to fruition the market will continue to exert downward pressure till the time comes when more cash is needed and then it will nose dive