Member Info for Moljen

Mtl - pursue the Govt for just what exactly? They don't owe us anything for it, we would just get 100% of any profit if it starts working and is profitable. Also closing it down may not really be an option as then we'd have to pay for decommissioning, the accounts have a $1M provision for the costs of doing so, we just haven't the $1M cash to do so. Afraid on RHA we're in-between a rock and a hard place.

Thom, I'll pull you up on that. The $20M is to be recouped from profits it's not an amounted owed to Prem by the Zim Govt.
If by some very very remote chance the Zim Govt do have a few $M to assist getting RHA going gain I'd expect to be on the receiving end of some very tough negotiating because we're over a barrel here and a % of something is better than a % of SFA. So a long and very unlikely shot that the Govt will add funds, however if they do I would not be surprised if the cost to us is the profit share agreement gets written down to zero.

thank you for the link - listened but the 2:55 is just a "for example if the Zim Govt". Could have been $1M, $3M or $30M, nothing in that interview suggested that is what the Zim Govt are considering.
Of more depth was GR's comments that after 13 months of nothing happening with RHA we are heading off on a different route because we can't rely on Zim Govt to come through although it would be nice if they did.
No s*** Sherlock it's exactly what some of us have been saying here now for several months despite others saying it's nailed on, it's a certainty and we're just trolling.
I fear we'll be having a similar conversation in a few months time when we have all these drilling rigs but mysteriously aren't drilling the s*** out of Zulu or sending gold ore to be refined and need more money for working capital to get over the line. It's always jam tomorrow and excuses when it doesn't occur.

So why are we exchange $1.4M for assets that only managed to generate $7K of revenue last year. To me it suggest they were massively under utilised last year and could be rented for a song and if we're just paying for the assets and not the management we're surely then going to be stuck with huge costs from Afmine. Not trying to cause a s*** storm here but trying to understand the logic as to why we are shelling out $1.4M for some unused equipment and then paying people a shed load more to manage them. Still not making sense, indeed about Afmine will be managing them means it makes even less financial sense.

If they have vast experience it didn't translate into revenue for them at all in 2018, from yesterday's RNS.....turnover and loss before tax amounted to US$7,000 and US$169,000 respectively (Source: KME Plant Hire unaudited accounts). Doesn't quite add up really does it?

C7 - can't add anything other than it has been a bit strange and large drop on quantity sold would be expected by now. Unfortunately not in a position to be able to put in a contra buy of 200,000 a couple of times, would soon find out if somebody was mopping up behind the scenes and who was offloading on a repeated basis.

It is Chils - at this moment in time I have rent cheque due in first few days in March. If it stays as is then this will be it's new home bringing my average down to 13.1, lets see what Feb brings. Much rather it be a case of do I average up

Other than the usual brigade of Napom, CF, Tedboy, Jessell, Mushty, Mal, IQ etc who have tried to ramp the arse out of this and slagged off anybody who considered otherwise is anybody really surprised at this.
What is it - sfa has happened with the MoM & we're going to dilute all to oblivion.
About the only thing called wrong by some, myself included, is the placing price - think from memory I said 0.05-0.08 so I suppose small mercies there.
And the charade continues all the whilst we continue to run up significant liabilities to the Management team who continue to run rings round shareholders, awesome work there Action Group so looking forward to seeing what you achieve over the next 6 to 9 months.

Thanks Doggo, so it's as I said 8% interest and warrants which are currently worthless but if the price improves may become worthwhile.

Doggo - as requested I asked a Q on the portfolio last night, appreciate your thoughts if I'm missing something. Q was ... Ok Doggo, we've got 8% interest and warrants to cover to at c$.50 with current share price of C$0.13. Makes the warrants worthless or am I missing something?

Ok Doggo, we've got 8% interest and warrants to cover to at c$.50 with current share price of C$0.13. Makes the warrants worthless or am I missing something?

Some poster on there think it would :-)
Seriously, we've put some serious dosh into Vogogo, high fixed costs of running but variable revenue which since we invested has been massively down per unit mined.
Suppose thats what crypto has to do with us? Thats my view as a shareholder if you think its wrong say so bit at least try and explain to me why as I'm here to learn.

Think he / she was responding to Chils there, not me. If it was me then obviously mortally offended at the old jibe. You're quite right and paranoia hasn't got through to me no matter my state, sincerely hope you're in the same boat. Bon nuit

Ok Doggo - hope you do appreciate I hold here and keep adding each time new funds arrive. We do seem to have some stagnation in share price versus individual views of assets and you asked for questions about our portfolio. Ok here's one - I'm invested in ethereum and am hurting quite bad at the minute because of it. I note the same pain in bitcoin. Yes if i was a competent researcher I could probably work out how this affecting our investment (not good I guess) whereas one or two of you probably know it down to the nearest £100K. You share your knowledge on the good but never on whats not going well.

Afraid they must be too subtle for me to pick up on as I never noticed any deramping. More seriously, at this moment in time we're an insignificant piece of electronic information in an enormous environment, absolutely sfa what you or I say on a place like this will make a difference. Until such time as one of our investments hits the jackpot we're irrelevant as is our share price not matter how loudly Wads shouts it's the rebirth or humanity or how subtly Chils persuades us we're invested in pandora's box. I hate to use the world's worst pun / analogy / too lazy to even google which is correct but many you need to "Chils". Seriously stop posting I need to sleep!

Oh s*** I did, make a brilliant film title though wouldn't it "Chilston, not invested".. big booming deep voice announcing it. Just need a script, sound track and a budget ..... I know for the last bit we just need our FFWD train to come in and we're all sorted. Seriously, I need bed now so stop posting

Knew it, you're the greedy bustard with 8 figures :-)
Not talking to you anymore ....... seriously guys that's where this crap ends up, in the playground

Well depends if you call 30th Nov 2017 not long? Making assumptions invariably leads to less likelihood of the answer being correct. How about a compromise? If (my type of shareholder view) / when (Wads type of shareholder view) this goes nuclear and we all make a shedload because on that particular day we all hold six or even seven figures (greedy bast*** with 8 just FO now) and meet up to celebrate let people be. Sure on that day Chils will quite happily tell you nah you were wrong or yeah you were right. Till then it just spoils the board. Just MO

Better not post again then, just refilled the wine glass so next one would be a right bit of gibberish

Sometimes, and yes it may be the wine or other, I just get lost on your threads. It's like word association plus another word or two. Wtf does it mean half the time? So, do I have this right, Chils is being accused of being a trader rather than an investor and that would be some heinous crime?
Don't get it myself, if people wish to trade then fine - you want to see my daughter in a Turkish souk, she'd say anything for a better deal. I ain't got the balls for it so tend to hold on a much longer time frame and will once in a while adjust the % holding about in my portfolio . IMO Chills is probably a bit like me, at my level I have a risk / reward that we're invested in the right things but not at the evangelical level of "Sureness" as say Wads. The languishing share price is a concern, I'm a fairly recent arrival here but am 28.67% down so if some of you have been in for longer or bought at the 30 level then it doesn't;t make happy reading. Whether our BoD could be doing anything else to change this situation should be the topic of conversation. Yeah late at night, I know but come on guys Chil's is just another punter like you and I