Impairment of Zulu will be lifted as soon as the EPO is granted by the govt and after being funded a jv partner or a farm in. Meetings with the govt about the epo has been set up. Hopeful that we will get news from this pretty soon.
Acker - RHA bank overdraft facility which was maxed at $300k US dollars has been paid by the govt funding on a 1 to 1 conversion and now has 5.7mil RTGS$ balance waiting to be spent to get RHA back to production.
Impairment of rha will be lifted this year providing that it gets 4 months of capex to open the existing underground mine of 6000 tonnes per month, some plant upgrades and connection to the national grid. Comms suggests govt are very keen to help the company to get rha producing.
Moljen - again your enthusiasm to bash the company at the earliest opportunity is commendable. Total director fees were reduced from $570k in 2017 to $297k in 2018. To add to this, director fees remain unpaid in 2018!!
This bit in the RNS "we also expect that much of the expenditure will now remain at a one to one RTGS US$ conversion. Examples of this include debt, including RHS's bank overdraft (currently underwritten by Premier), as well as other local debts that can potentially be settled from this remittance." - in the interim report, this overdraft amounts to $300k US dollars will be effectively be paid with 300k RTGS$. This overdraft facility will be available to prem to pay back the loan.
How do you know whats been done if you werent there to witness it? Done a lot more than you could ever do behind your keyboard. Not got time to waste chatting to you. Back to work for me and the filter button for you.