"A more precise view of this is to see putting PREM right as GRs final mission, ... ..."
Good Lord @CF, just when I was beginning to think there may be hope. I sincerely hope he doesn't see this as his final mission but rather acknowledges the current state of the company and hands over to someone who can actually achieve something.
I agree @morris. The current CEO has shown he cannot deliver any value or return for investors whatsoever and his credibility is shot both with investors and the market IMO.
Would you give him a contract/mine to operate based on his track record of delivery? No, of course not.
The only RNS I suspect many are waiting for is one which says he has been replaced. This alone would probably result in a 100% rise. Anything else is noise.
It doesn't matter how big an area of land we have, or how much potential value it contains, I think it has become pretty clear to all that the current CEO cannot make it operational, let alone profitable.
The problem with the post @MrMagoo is that is is deliberately (and some might say desperately) vague.
It depends on your view of time. For any given individual it could mean minutes, hours, days or even years depending on context. It is now 9 months since the 'EPO coming soon' posts began. Are we to assume for you, soon means years?
RE: The professional thing to do...28 May 2020 11:03
@Napom, "PREM going bust is simply not true".
If the share ceiling is not raised at the SGM, what alternative is there? I don't see one.
GR is quite literally holding us shareholders to ransom. Yet another example of his disdain for shareholders and failure to add any value to this company for years. His credibility is shot IMO, both with shareholders, and the market generally. This does not bode well.
I will ask again, if you were the ZiM Govt with strategic plans for your country relating to mining income, would you grant an EPO covering a very large area to an individual with a track record of delivering absolutely nothing for years?
Would be to hold off on the SGM until: 1. The outcome of the Circum IPO Meeting is complete and known 2. The EPO has been granted 3. Issues with RHA have been resolved 4. The valuation regarding MNH is transparent and fully understood by shareholders
Then perhaps we could make an informed decision.
At present, there are too many unknowns for anyone to make a vote either way.
In that instance, how could anyone vote yes to raising the share ceiling unless its out of desperation? Impossible.
So, the Shareholder Group are voting against the ceiling raise at the SGM as per Napoms comment "RE: Prem31 Dec 2019 10:44 We have communicated to the board that we would vote against a share ceiling raise unless sp is multiples of where it is at the mo."
He has said a lot of things over the last 5 years. That is now part of the problem. No-one believes a word he says. His credibility and trustworthiness are shot IMO. Shareholders are suffering as a result. P
Great post YNWA91. It is pretty clear that there are several on here and on twitter that are massively underwater and are simply hoping for the best. GR has cried Wolf again and they have all come running. When nothing arrives in June, it will be July, then August and on and on.
His track record of enabling a return for shareholders speaks volumes. He simply cannot do it regardless of how good the potential/assets are. It is little wonder that the Zim Government are reluctant to hand him either cash or an EPO. They too must be aware of his past performance.
There is potential here as with every share but that potential will not be realised without a change of leadership IMO. It really is that simple.
It is clear from Magoo's posts for the last 6 months that he is desperate for the sp to rise so he can get out at break even.
I hope the webinar enables this. However IMO it will simply be a mixture of the usual blurb from GR full of promises of future events, leading to future riches whilst at the same time begging for shareholders to approve raising the share ceiling so he can prolong this soap opera to his own benefit.