Member Info for Nhjj

Lol it’s is most definitely a sell, I did a dummy trade of 900k shares and I was being quoted 0.3 to buy so that for sure is a sell.

So apparently he’s done an interview but it was the proactive

Lol with what money

No offence but that is such a stupid comment. The money they had previously didi not account for these new issues( which they need to fix to get a quality product) so I can guarantee you that he will need more money very soon to pay for these new fixes

This should be of concerns because it sounds like to me there is a plant defect

So when will they actually produce, because 20 days of optimisation is 20 days without production

Couldn’t agree more TT1981, if it was good he would’ve released it in the morning or during the day.

I wonder where all the money is going to come from to fix these several issues. I tell you what he for sure is not getting a loan any time soon, so what does that leave. Oh I know an EGM to increase the headroom and do a placing lol

Deadeye over on x will soon getting out his red pen and highlighting the ‘6.1’, I hope he remembers to include ‘potentially achievable’

Ahahah lol, I wonder why he chose to sue the word running and not producing. That’s because they aren’t really, running just means the plant is on lol

Deary me people really are latching on to the 6.1% which I must remind people is from current rom ore, clue is there ‘current’.

Btw this material is the ‘clean ore’ he is using even then he says potentially achievable . Not looking good when that runs out and we all kn when GR says potentially lol

As George has already mentioned prem needs to demonstrate they can produce, only then will the Zimbabwean lenders give him a working capital facility. So this means the longer they spend on fixes and tinkering with the plant the longer they go without production and therefore funding.

Does this mean an EGM becomes likely, to raise the share cap and issue more shares as working capital?

If there was good news to give why wait till Thursday to deliver it knowing full well the share price will have slid and lost momentum in that time.

no **** sherlock. regardless he has to provide an update by thursday at the latest, given that is the end of the month.

It’s interesting how everyone is talking about the timing of the RNS but not the actual content which is quite concerning . Talk about deflecting from the obvious. If as the TG group say this RNS was meant for Friday that’s even more worrying as they’ve had the entire weekend and Monday to rectify the issue which they have not done.

More like he’s giving the heads up should all not go to plan, he can turn around and say he had the decency to at least inform shareholders of the current situation.

Hmmm now where have I heard the reference to system control issues before. Oh look it was in the RNS dated 15th may 2023 and clearly it must have been a major issue back then as they haven't produced anything since. And now he’s referring to similar issues again. I sense dejavu

"Work on optimisation of the plant and process control procedures to achieve nameplate throughput will remain the sole focus of Zulu.

"For the services rendered including mining works such as drilling and the supply of con-sumables, contractors were owed about US$ 2,2 million as of last week,"

That’s 2.2milllion for the above alone. No mention of the mill and thickener, and the amounts due for that.

Remind me again how they will hand sort if the sorters don’t work. I mean if the workers are refusing to work.