Member Info for Moljen

Napom - no KME may not have sold them but they were issued and we have been diluted. It's in black and white in the RNS .... The budget for the initial drilling programme (as described above), including mobilisation, is approximately US$400,000 and the Company has today issued 212,413,793 new Ordinary Shares of nil par value at an issue price of 0.145p per share ("New Ordinary Shares") to KME as pre-payment for mobilisation and drilling.
Have they now been cancelled?
We were told why they were issued and we've been told the reason why is now not occurring - no need to issue them and they should no be returned and cancelled. It's not rocket science, you need to take your blinkers off as do the members in your group as you're having rings run around you. This time 212,413,793 times as per the RNS.
Start asking the BoD the right questions and then the company may begin to move forward - sheesh I've spent the last week or so on the mobilisation and drilling and prior to that KME generally, for what a load of abuse but guess what I was right and a rabbit was off again.

Oh well looks like Mr 1064 has been wrong 1064 times and counting and troll master general / guardian of the black arts (me of course) was right.
So no mobilisation and drilling has occurred at Zulu, when something looks and smells like BS it generally is BS which is what we had delivered to us back on the 26th Feb. We had a load of flannel to justify it but what we didn't have was as not done the share dilution is no longer needed so we'll buy back the shares with the funds. My guess is we can't because they are no longer available as they've been used to pay more pressing matters.
RHA - just needs a site visit and some bits of paper .... to me we'll be lucky if either happen in 2019 as we are all more than aware as to how fast the Zim Govt works.
So what do we have to look forward to - well a dreadful set of accounts sometime in the next 4 months and an AGM requesting yet another huge share capital increase to be squandered whilst we wait.
Zim is going to be littered with ostrich head holes from Prem lth's who continue to bury their head in the sands but don't worry Smile will soon be along to tell you ignore the noise and its the nasty people who have caused this.
As lth's we were misled on the 26th RNS as to why funds were being raised and for what purpose - you focus should be on why and what can be done to prevent it happening yet again.

Smile - honestly mate second rate phycology it's all a bit pathetic really. Sure CF and Wolf can make up their own minds as t whether they read my posts or not as they can make up theirr own minds as to whether 70 plus days is reasonable or not.
Seriously stop degrading yourself with offering to wipe everybody's backside if they'll validate you ra ra, it was embarrassing enough on the school playground and is even more so now. Wishing you a goodnight and let you go running to Admin.
Sure they'll let me ask the same questions on our prepaid Zulu drill tomorrow though and it's progress or not

Stop taking the P Alcy, we do have one sensitive soul who runs to Admin every time he's roused from La La Land

Quite right CF, the BoD are the only people who can affect our share price and we can all call up a 5 year graph to see how good a job they've done so far. Honestly you all seem to scared to know how the Zulu drill is going (started?), if it's bad news it's better to have a plan in place rather than bury your head in the sand as that policy ashen't exactly been successful so far.

I question the information we are provided with and I question why people are just prepared to let it go when for the last five years it has always ended badly for us because it was never quite as seems.
Now if you think 70 plus days having passed without any further information being provided as to progress on mobilisation and initial drilling ( such as what are we getting for our money and when) isn't a reasonable question to raise based on past experience then that's your prerogative as an investor. No problem at all with that, my problem is with the people who try and prevent the question being raised and to a lesser extent the people in the position to obtain answers not doing so. We live in a democracy hence the to a lesser extent if thats the way Napom's group think, they may choose to ignore what to me is a perfectly reasonable expectation however Napom doesn't try and kill teh question like Mr 1056 does.

CF I may be tedious but I have also been correct since the first ever corporate governance post. If I see something to change my view i'll let you know. Smile, don't worry I've had more robust debates with the lint collected in the dryer than you and had you marked down as pointless or worse a long time ago. You're just the latest reincarnation of previous posters who have appeared to keep the cannon fodder going so no skin of my nose.

Wolf, I may do that but do you think I'll get a factual answer? After all you first post on here was a hypothetical would you sell 10% of Zulu for $2M to get to DFS. Interesting question based on the information GR had given at the Chesterfield meeting when the cost would be $1.8M and 9 months.
So where are we today, cost is now $5M and since you raised your hypothetical we've raised £750K, $300K, $400K and one the rI can't remember off the top of my head. Nearly the $1.8M but where are we actually up to with regards to a DFS. Nearly spent as much as we were told it would cost to complete and not even an indication the rigs have left the yard.
Yet you lot are still more concerned at throwing insults at me, go figure?

Napom - reasonable explained answer so thank you. Any chance you could find out where our mobilisation and drilling schedule is up to, what we get for our $400K and when it is scheduled to be delivered. After all it is now past 70 days since we were told it was imminent. Would do wonders for the share price if something was actually happening, with a defined delivery and date. Thank you.

Says it all shareholders doesn't it - perfectly genuine question about us being diluted on the 26th Feb, some 71 days ago, to immediately mobile drilling equipment and commence drilling once the rain stops and that we are paying for it up front.
We hear nothing which I am sure most would concur is a little disconcerting yet the man who has single handily more or less with 1048 posts completed in more or less the same period doesn't want to discuss it.
You make your own minds up on the self proclaimed saviour of all lth's - are his actions actually helping or have we had 1048 posts which have been designed to stop perfectly reasonable questions being asked? Does someone not like the answers possibly?

ps 5 days rain March, 2 in April and zero for May so far - seasonal rains permitted quite a while ago

71 Days now and Counting, oh Smile we did have dilution in Feb as below and there is nothing provisional about it whatsoever. No doubt you'll come up with some cack excuse or other for what is by the day looking like another "never quite happened" Prem moment.

Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce that it will recommence drilling at the Company's wholly-owned Zulu Lithium and Tantalum Project ("Zulu") in Zimbabwe. Mobilisation will commence immediately, and drilling is expected to commence as soon as mobilisation is complete and seasonal rains permit.

The budget for the initial drilling programme (as described above), including mobilisation, is approximately US$400,000 and the Company has today issued 212,413,793 new Ordinary Shares of nil par value at an issue price of 0.145p per share ("New Ordinary Shares") to KME as pre-payment for mobilisation and drilling.

The light as to the actual potential situation dawning there mtl?
You also thinking now about 70 days and why we're not hearing paid for drills drilling.

Napom - so what you're saying is the drills are still being mobilised despite payment being made for as you say mobilisation and initial drilling by the issue of 444M shares on the 26th Feb.
So that's 70 days on mobilisation so far and they're still not there - we moving the equipment by horse and cart?
Come on seriously, 70 days and they haven't arrived yet and we all know how busy KME were last year and wasn't one of the huge bonus' of buying 50% of them was we'd be able to move the equipment from site to site, get hold of it and rent it out to 3rd parties. Well if it takes a minimum of 70 days to move some mobile rigs a few miles I hope we're not expecting too much revenue from this source.
Do you ever question any of the logic of some of the things you are being told, 26th Feb to 7th May, paid up front and not told they've arrived and started drilling and you oh that's fine everything obviously hunky dory?
Instead you're they're trolls, muck spreading - I struggle to understand as to how your thought processes work at times.
Surely why 70 days when paid for is a question your group has come up with as a concern?

Oh Lord help us, black arts and conspiracy theory Smile is back. Another ostrich hole in the ground, 1021 posts so far without one as yet of any substance unless you also think Barrak Obama was an Islamic plant in which case he's right up your street. There you go Smile, one for you to report. Oh well till next time maybe to discuss an RNS of substance or just another nothing one.

Wow I must missed the Circum IPO RNS, the Zim money arriving RNS, the Zulu drilling to DFS stage beginning RNS. Amazing what you guys are finding down those ostrich holes, bucketloads of wishful thinking by the looks of it.
Oh hold on last year you weren't the guy claiming that Circum was IPO Q1 this year, the Zim money would have arrived two weeks ago, and we'd be half way through drilling Zulu by now at next to nothing cost.

Of course we do Wolf and that's the reason the share price is where it is and absolutely SFA to do with our in the main unproven assets, our financial position being totally reliant on either the Zim Govt finding $6M or being able to extract value from Circum or the awesome track record of our esteemed Board over the last few years.
Nah of course it can't be any of those factors its me, Val or Chippy's fault the share price is where it is.
Only one slight problem with that theory - surely you read ramper in chiefs post earlier about we're all coming out of the woodwork, I for one haven't posted here for a while and likewise Chippy hasn't posted much and Val is banned. The share price if you haven't noticed is crap whether we're here or not so carry on being an ostrich. At least something got dug with the hole you're burying you head in :-)

We have some splodgy Tungsten drill results and some okay LiO2 results but on a smallish area within a large claim area. Unfortunately we haven't yet been able to drill them sufficiently to date to obtain satisfactory or sufficient data to declare a Jorc compliant whopper so for now it's just inferred on a small area.
We also have a rare earth deposit which back in 2013 was our secondary priority to explore when we floated on Aim, unfortunately we haven't got round tot hat either due to cash constraints.
There you go Wolf, our as yet unproved up Assets

Anybody any idea if the rigs have actually arrived on site? Appreciate we can't afford to actually drill anything if they are but it would be nice to know the 444M raise was used as intended and hasn't just been spent on general working capital (read wages).

Near 79% drop in share price in those 2 years, some would say justifiable comment and criticism rather than constant whinging.
The first milestone will be some cash coming in from any other source than placings, today's definitely isn't it as evidenced by the share price.