Member Info for Moneytolose

nothing major just nice and steady looking good

THERE ARE GOOD AND BAD THINGS WITH PREM and posters should b allowed to post views , good or bad. But some here and on other board don't allow balance or views that are not in line with thiers so i will post a balanced view
Good bits ;
Great Assets way undervalued
Management with good local experience
Own money invested
Great eye for assets

Bad bits
Poor financial management skills
Poor project management skills
Poor communications in respect to updates timelines
Poor market reading skills
Poor decision making

THE KEY IS WE CAN CHANGE THE POOR BITS - BUT THE TEAM CONTINUE TO FRUSTRATE THE PI's by not fixing

over , first reports is its going to be close - what we dont need is a change of government and policies

on mention by wing last week on PREM , done some research and brought late Friday not massive but enough £2k

Initial period ends on Sat 25th Aug , note the word initial so Aug is going to be a key month in defining the future of our SP and the company

BOOM , were off , rerate , rockets away ... we are back trading , now some of the items in progress and what GR mentioned and in the timeframes need to complete before any real movement takes place

have a good weekend should be an interesting month August hope it all works out for all

And he said no more money to be spent on RHA and having a survey on restarting , and then saying he may pull the kit .... does not send a clear message to anyone

to paid solicitors for RHA and doing tht could cause issues with Zulu not sure its a wise move ... also zulu he said been a great year for Zulu , and we have done nothing for 8 months

How ABOUT JUST a 50% cut no shares as they brought the share price down why give them a gift as well

Now before a bun fight occurs , this is what normally occurs but does not have to here , its just making sure both sides hhold valid views , George bought the circum shares by a seller want to seller and Prem wanting to buy , there is no official market so buyers and sellers just need to get together and do what is required , now the minute an IPO is in the offing , we could well see CIRCUM placing a lockin to any share but they would normally offer a pre IPO sale to the owner , the lock in is to prevents sellers dumping loads of shares in the market and killing the SP so not saying that will occur but that is the normal route when a company in unlisted and whats to list we wait and see

will send a message /email to Prem stating i am going and to see if i can have a few minutes conversation with them before or after

SL , for correctness we are in advanced discussions about a deal it is not yet full signed

Micro - the agm will occur after suspension if we come out of suspension , and the RHA ownership has to be ratified and in writing that's where my concern lies its not finalized i bet that where the accounts issue arises its a timing thing is my view cant impair until with have signed ownership agreed

The asset's remaining useful life, the depreciation (amortisation) method or the residual value needs to be reviewed and adjusted if there is an indication that impairment may no longer exist, even if no impairment loss is reversed. IAS 36 specifically prohibits the reversal of impairment losses for goodwill. - now see what the RNS said abut the review of the impairment

and what the RNS said

Premier African Minerals Limited, the AIM-traded, multi-commodity mining and natural resource development company focused in Southern and Western Africa, announces that in the light of the ongoing delays in obtaining final sign-off from the Zimbabwean Government, the Board has decided to fully impair RHA Tungsten Mine ("RHA") at this time and these adjustments to the final draft accounts are subject now to final technical review and sign-off by the Company's auditors. This is expected early next week.

Premier believes that it has substantially agreed the basis for the proposed RHA equity restructuring with the Zimbabwean Government and is waiting for sign-off, following which this impairment can be reviewed as and when RHA returns to production.

now is i think they planned this so as not to have to hold the AGM , allow them time to hide behind the suspension how can you write off the asset when they are owners of machinery it all has a value so does the debt it has to be recorded somewhere - if they write it off early then what can GR bargain with as the debt is removed - anyway the accounts are for last year not what happened this year as it was suspended from 5th Jan 2018

that was one on my concerns , just news to lift the SP knowing the books could be delayed and that would give GR some more imminent time to hide behind

GR will use this suspension to get RHA sorted as has 60 days allowed , so at his own pace , or he could just not relist and it will go private . not sure how Candence will take it but hey they are mates so no issues their , GR gets 49% of Candence and hands them PREM just thinking out loud

the best way to protect and make decisions on any investment is do your own research using information at hand , using a telephone and emails. looking at future past and present if it fails and you loose you only have yourself to blame . The groups and boards are just a extension to places where people post either good related information or try and enforce their views on people normally only people happy with their decisions will post both sides of reality

Best cover yourself i.e if your worried go the any AGM and have i say if you don't like the output sell up or stay and take the risk as on AIM good money can be made and lost - How many PI investors would ask PREM for a site visit for ZULU or RHA - That would be a good thing for the action group to perform to gain confidence . all the KIT at RHA is owned by PREM so it has value

how can he remove the RHA asset value when he is still paying C+M an this is last years accounts not this years ,so it was still an ongoing asset in last years books just strange , yes this years books but last years and i am sure the accountant would have know that a long time before deadline day