Member Info for Moljen

About the only redeeming feature would be it is 20% above where we are now. Would be a very nice return for a few days work for CS based on today's RNS. Might add a few more myself on that basis, tie ups few grand for a few weeks and see what happens. Doubt it'll go any lower, won't make back my losses here but it'd chip away at a few of them.

I'll take that as a no from you, personally I'd have thought knowing whether a maiden resource exists for Katete or not is a pretty relevant bit of information for any investor

Just over six year’s ago on the 18th February 2013 Premier issued an update RNS which informed us the two near term priorities were:

Given the availability of water and power at the RHA mine, and the relative simplicity of the required processing plant, the Company believes that production may be able to start before the end of 2013.

Okay I’ll accept people will say this and that, tungsten price, grades etc etc so not here to argue about that but we also had this:

Premier's second priority project in Zimbabwe is the Katete REE project, which again has the potential to be developed as an open pit mine. The project, which spans 3,750 ha, has returned a peak result from trenching of 14.6% TREO. Premier is targeting to delineate a maiden resource in H1 2013.

Anybody ever seen the Maiden Resource for this?

Go one guys answer the question on when the timeline is unacceptable for any one of the three things to have happened, you don't even have to respond to my last post I'll leave whether you do so to your own consciences so a line drawn there by me and an easy get out for you.

Wolf thank you for saying please but like your geography I hate to tell you your biology is off also.
You were throwing a personal insult by trying to debase my character based on a Natural Disaster where people died which occurred a thousand miles away from here I was talking about - absolutely SFA relevance to my post. You weren't trying to say I was a nice man in your post you were trying to use people who died to make me look what?
Seriously it was a pretty sick post and you should be apologising not just to em to the whole board for it as should the person who recommended it and the schoolboy who then also tried to repeat it.

Short memory Napom, you called that one last night and then ran away with the football. See you in the playground again tomorrow then, nighty night x

Coming from the man who has been shouting at people to buy buy buy since last Summer and calling anybody who suggested it might not be wise to do so I'll take that with a pinch of salt PMSL

Jesus I thought there was only one shareholder who didn't know Ethiopia and Zimbabwe were different countries but somebody voted your post up Wolf, you're not alone :-)

Smile, unfortunately you haven't answered my post nor Doires which was similar - question was at what point in time would you consider it to be unacceptable for anything to have happened, the three main things one would say being RHA back in production, say half of Zulu drilled for DFS or Circum sold /IPO. Easy enough really for one of them to happen Q2, Q3, Q4, Q1 20 Q1 21 Q1 22

Wolf - I hate to break the news to you but Circum is based in Ethiopia. My social conscience is just fine and obviously doing quite bit better than your geography. Ps. Just in case based on your post Zimbabwe and Ethiopia are different countries quite a bit apart

Only problem there is their timelines have already passed - troll hunter general himself had Circum IPO nailed in Q1 2019 because of a new website and logo being one of his more silly predictions

Just to add to the web, only reference I'm finding tot hem is in relation to the Panama Papers and somebody called Viking Holdings 2 who are now defunct.
https://offshoreleaks.icij.org/nodes/10134883
what a tangled web???

Out - our seller is below 3%, no doubt one of our more informed can tell us who they were

Oh dear I seem to be upsetting somebody so on my best behaviour (Admin please note before you delete this). I responded to Lloyd with then observation that during 2019 there have been 93 days where he has watched the value of his £93,000 dwindle. By co-incidence I compared this to the reported Board costs of $507,000 reported in the Annual Accounts Year End 2017 being the latest breakdown of Board Costs which is also roughly £93,000 for the same period .... perhaps I was pulled for insinuating that this amount was earned in the loosest possible sense of the word so Admin please note this time I have said Board Costs.
From memory I then indicated my own opinion that the recent RNS does not explicitly say the Zim Government itself is prepared to put up $6M but rather the wording could be interpreted differently and with the "subject to agreement clause" it may not necessarily be taken as a done deal.
I also suggested the spin off deal was not a good idea to begin with and that we had precedent for putting up not good ideas such as Darwin and Riverfort and diving into RHA without a detailed and costed plan and that these have cost us a phenomenal amount of money which we don't really have too much of too spare.
Lastly I expressed my opinion that without some money coming in as we now have mobilised drilling teams sitting on site we probably need some cash to pay them to drill and as things stand we may be looking at a placing coming up which one would expect to be at a discount so down in the 5's which is some 30% lower than we are now.
Everybody happy now, if not get Ted to produce you are missive on how undervalued we are to cheer you up

One would hope you're right but when you're the bottom of the food chain as we PI's are you tend to get shat upon. In this instance it would of course be shat upon yet again.

As I said it's just a concern as ii's have all sorts differing investment parameters to us - offloading few hundred thousand in a portfolio which is tens of millions in value is neither here or there to them. Book a quick profit from a fund last valuation and away they go, held shares previously where similar has happened and they aren't prepared to wait it out.

It was this bit from the code .... When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
A few more % and they may as well chance at £1.08, would guess by now most shares are held by ii and they play by different rules to us.

It has, getting dangerously close to having to make a full TO offer at what will be a dangerously low place

We shall see, coming up to a month since the 12th March letter. As you seem to have gone off topic you're quite happy then based on our past performance to go all gung-ho with a back of a fag pack calculation as compared to the independent report. Just out of interest when is it reasonable to expect the "cheque to arrive" Q2, Q3, Q4, Q1 20, at which point would you consider there is something not quite right here?

We still don't have the funds in case you haven't noticed. The wording in the RNS doesn't say the Govt is putting in $6M it says it has sourced which could mean absolutely anything if you hadn't noticed.We still haven't had the SGS results back in case you hadn't noticed so now you're saying based on the back of a fag packet let's chuck (if we ever get it) $6M into digging RHA.
Surely common sense would say when you're in our position you'd go for the most validated option which is the Barra report which is a detailed and costed plan. And if and it's a huge IF the sourced $6M does happen then based on our past success at developing a mine you'd go back to Bara and get the other options reviewed rather than just jumping in.