Member Info for NaPoM

Thought the loans were guaranteed by circum shares in case of default. Prem going bust is simply not true. Again another post telling us porkies again.

You said

"$1.49m worth of shares will be sold between now and post SGM"

Are you telling us porkies?

But you said shares will be sold now before the SGM? Before the shareholders make the decision.

Where does it say in any RNS that MNH will dump prem shares?

Matt, Where does it say it will be sold now before the SGM?

acker bbc news is saying it could spread but it doesnt mean it will as you suggested

lets see if your theory is correct Matt, come back here this time next week and check the numbers

Majority of the population is below 40, less dense and more scattered. Its the reason the virus is hardly spreading in Africa compared to other continents

Its to do with the speed in which cases are being reported. It didnt happen in one day lol

matt - Zimbabwe has a total of 132 cases out of 14 million people.

https://www.worldometers.info/coronavirus/country/zimbabwe/

Got to get back to work, u guys have a good day and good luck deramping $952k in revenue per month.

Your views Mol and One. Unfortunately, not shared by many Im associated with who hold over 30% and rising.

To be fair mol, those were projections and they weren't prems

Oneknows - you're embarrassing yourself. Im referring to what we've been told during the webinar which suggests to me that you didnt attend

Just to be clear on RNS, it says:

"At this level of export and on the basis of ruling prices and terms, this equates to circa 190,400 dmtu. Gross revenue is determined by future selling price. The most recent sale was for a shipment of 1,405 ton of lump ore and the price per dmtu was US$5.00."

5,600 tonnes of ore per month produces 190,400 dmtu of manganese

190,400 dmtu x $5 per dmtu = $952,000

$952,000 revenue per month

Where does it say no dividend paid??

1 shipment is 1405t. They are doing roughly 4 of these per month.

Current production rate of 5600 tonnes will make just under $1m per month or circa $12m per yr is roughly 14% of the annual target of $80m in 2021.

Weve been told a circum meeting for shareholders will take place after the SGM.

Let me repeat what I said yesterday coz I think its important. The RNS yesterday made it clear what we are voting on in the SGM...we are voting on a stake in a revenue producing mine generating close to $1m per month which represents roughly 14% of the annual target of $80m by 2021. An asset valued based on plant and machinery only so we are essentially getting the mining and prospecting licences and 2 producing open pit mines for free plus all the development work done by previous owners and the mining expertise. The cooperation agreement between MNH and PREM benefits RHA too. The scope for expansion is huge and it doesnt need a lot of capital because they already own the machinery and equipment. Operating expenses will be low as they dont need to hire a mining contractor as they do thier own mining. Its a winning ticket imo.