Member Info for NaPoM

For people who are suggesting that Zim govt dont have the funds to bring the RHA mine back into production, here are some links...

Dec 14 2018 - Zim secures $1,5bn Afreximbank facility
https://businesstimes.co.zw/zim-secures-15bn-afreximbank-facility/

Dec 15 2018 - US$1,5bn stabilisation deal for Zim
https://www.herald.co.zw/us15bn-stabilisation-deal-for-zim/

Dec 15 2018 - $ 1.5 billion stabilization deal for Zimbabawe
https://newsbeezer.com/zimbabwe/1-5-billion-stabilization-deal-for-zimbabawe/

Some links of other related news of mining companies in Zimbabwe to show that the country is getting back on its feet. Caledonia Mining which has a gold blanket mine in Zimbabwe shares the same ownership structure (51:49) as RHA. The change to the indigenisation policy does not apply to them as they are mining gold.

Dec 22 2018 - Caledonia Mining: Update On Zimbabwe & Development Of New Shaft
https://www.youtube.com/watch?v=JyshOSN-5cs

Prospect Resources has recently obtained a loan from the Reserve Bank of Zimbabwe which demonstrates that the Zim govt is willing to help foreign owned mining companies in Zimbabwe.

Sept 11 2018 - Prospect secures $10m more for Zimbabwe project
http://www.miningweekly.com/article/prospect-secures-10m-more-for-zambabwe-project-2018-09-11/rep_id:3650

*compared to some AIM listed companies with debt. For example, BZM could not repay its debt and unable to raise.

Salaries have been significantly reduced and half taken in shares and not converted. I meant to say that PREM is in a better position compared to AIM listed companies with debt.

The money raised in 2017 was not just for Circum....some of it was used to pay for zulu PEA, RHA plant modifications, RHA dev work and working capital. GR took out a loan + raise mainly for circum. Then he realised taking out the loan was a big mistake so he raised again to pay back the loan. This period between Aug & Nov 17, SP peaked at 1p and settled at .75p in Aug and 0.38p in Nov 17 which resulted in approx. 50% dilution to our holdings depending on when you invested. GR made the decision to invest in Circum as an opportunity to see multiple return in his investment. Naive to think that it will happen straight away but the risk to reward ratio even at .11p IMO is still in our favour. The recent news that the zim govt will invest to bring RHA back in production is huge news and totally unexpected. PREM with zero debt still has control of its future. If short term capital ARCM investment can be cashed in.

RHA subsidiary company has a loan account with PREM for over $20m. If Zim govt can get RHA back to production and develop the undergound mine to access higher grades of ore, they may want to retain some equity but the loan account will still exist. Any profit from RHA in the future will have to be paid back to PREM first before its shared with the zim govt.

Yes your right...Zim govt funding RHA will change everything...it will give more options to PREM. One of them would be to sell Circum and use the cash for PREM to concentrate on Zulu. No need for NewCo for this option.

Company naive to think that Circum would IPO straightaway when the potash market was in decline until late 2018. Now that its recovering, it will make the investment case for Circum much more viable in 2019.

The promise that Circum IPO would be imminent, the development costs of getting RHA profitable ($6m Jan 18) and getting Zulu to DFS via a mining contractor would have cost more than the stake in Circum. Cost of running a business in Zim has risen due to the shortages in foreign currency. These costs would have been passed onto prem via the mining contractor. Owning the KME assets and employing the management team from AFMINE is a sensible strategy to minimise the costs of developing PREM's existing assets and make it viable to take on new projects in the future.

Mal better to ignore trolls not invested in the company. Hit the filter button like I did.

Funding from govt to help bring rha back to production could make setting up newco easier and maximise the allocation of Newco shares to PREM holders. KME assets will be paid for in shares which is not convertible for 2 years, limiting dilution to shareholders.

Salaries significantly reduced and half taken in shares which so far has not been converted at current sp otherwise it would be reported via RNS. Annual fees for listing on AIM are billed on the 1st April. RHA in care and maintenance mode will still incur costs but it will minimal.

Malkster - Dont forget to include in your facts that SP has nose dived on majority of stocks on AIM in 2018...same goes to big companies like Apple. You also failed to mention that the company has zero debt and multiple access to funds when needed. Investments in Circum and ARCM can be liquidated anytime. Company has ability to raise when needed as last resort. Potential funding could come from zim govt to bring RHA back into production as stated on the 24th dec RNS. GR has access to resource from his own trust fund to fall back on whenever needed. The anticipated demerger to NewCo which will set NewCo up for funds in 2019 will reduce PREMs liabilities further.

Get a real job you joker. Back to work for me.

Not the leader you moron

Get a real job and stop posting your rubbish on here

"Show me the rules which states that I am not allowed to post here" Typical troll comment.

Assets no where near income producing and will continue to require funding...

Stop kidding yourself and people on here...the bear market will continue in 2019 and at 2.5p this still has a loooong way to go to the bottom.

China your posting on a board your not invested in and ramping ARCM which more than halved in size in the...your hardly qualified to judge anyone.

Your right 2% is not even worth squabbling about...but what I dont understand is the investment case in ARCM even at 2.5p. Your assets are nowhere near production stage not to mention the market volatilily we are experiencing right now. Huge gamble investing in ARC as I see it as KDNC in the making....still a loooong way down from 2.5p..investing in assets that require huge funding and out of your control is a big gamble.