Member Info for stevenc72

No doubt... it will be indicating a strategic shift and the fact that he identified some more near term too good to miss opportunities as he has done at the start of each year for the last 5 years.

I am beginning to believe that he actually thinks buying an asset means it will automatically make itself operational and profitable. Sadly, fields just don't do that.

Lumberton build in progress! Great news.

Thanks aandi. Still a step in the right direction whichever way you read it. IMO they wouldn't start anything without good reason.

Who knows. We may be putting 2 and 2 together and getting 7.

But the way I read it is that no "works" would/should have started without the "requisite financing" being in place. I am reading it as a positive but that's just my interpretation of the RNS and wording in the tweet.

The December RNS states: "The Project is part of a portfolio of projects currently under review by a European owner-operator of waste to energy infrastructure, which is expecting, assuming, inter alia, completion of final credit review and finalisation of documentation, to provide the financing required for the construction phases and commercially operate the plants and this Project via investment into Deeside. Assuming the requisite financing is provided, EQTEC expects to act as the project developer on the Project, providing the design and core advance gasification technology and retain a portion of the O&M contract."

According to the tweet "works starting on site at Deeside today with @eqtec"

Are we therefore to put 2 and 2 together and assume requisite financing has been provided?

I don't think anyone would dispute the assets potential.

If the minister said 3-4 years ago Arcadia and Zulu were the future, that would make sense. Note it is not Arcadia and PREM.

There is a reason Arcadia are 3 years ahead of PREM. We have a track record of non-delivery.

@hopingforbags

Genuine question...Why do you think the Zim Govt will award the EPO to PREM?
and if they did, why oh why would anyone in their right mind give GR any money in the hope he can make it operational?

I agree it SHOULD, but fear it won't. Any developers/funders would be better putting their money in a baseline bank account. At least they would not lose it and may see a slight return. The facts here would not be lost on potential developers/funders.

"...GR said...". Therein lies the problem IMP @wolframite.

Nobody believes a word he says anymore. He is a target of ridicule on social media due to a multitude of previously unkept promises, all of which are in the public domain. Credibility is shot and not just amongst the PI's he has been mugging off for the last 5 years.

If you were the Zim Govt, tasked with bringing in revenues to help the country, would you award anything to a guy who has a proven track record of not making anything operational, let alone profitable for some 7 years+? Would you award any assets for development? If you were a lender, would you lend him money? If you wanted an operational plant/site, would you trust him to deliver it?

Talk of EPO being granted does not make any sense whatsoever, based on his historical track record of failure.

Unless a change of management is brought about here or a partnership, nothing will change. And again, would you want to work with/partner with a guy with that unenviable history? Toxic is the only word I can think of sadly.

We wait in hope.

Is that this company, under existing management, has proven itself quite incapable of delivering a single shred of value for shareholders over the last 7+ years.

Each year we have been told of exciting new assets, new strategies, near term too good to miss opportunites etc etc

And each year we have achieved nothing, many would say less than nothing.

I do not share this latest annual round of positivity due to another podcast being released, spouting the same old tat we have heard on an annual basis for years, and would urge any new investors to tread with extreme caution before investing here.

Wolf! Wolf! Wolf!

PacifiCorp, a Berkshire Hathaway Energy company.

https://www.brkenergy.com/

Boom!

5p initial target and still undervalued.

All the tiny trades, anyone?

Heading north!

Before trust returns, credibility and integrity are needed.

I fear we will have a long wait, or what PREM likes to call a near term or imminent wait.

Credibility and integrity levels are subzero.

Completely uninvestable.

Let's hope 'near future' means quicker than previously included terminology like 'imminent' and 'near term'.

For 'imminent' read 6 years and counting, for 'near term' read the same.

Time will tell @snowking.

I sincerely hope you are right but simply cannot see how a decision can be/could have been made to award the EPO to PREM based on the requirements @Acker has highlighted. Plus of course years of non-delivery.

They must know of PREMs track record.

6 years ago GR told us, and I assume the Zim Govt, that RHA would be imminently operational. 6 years!

The performance of this company is a matter of public record and it makes for grim reading.

@kievsky, if stating facts is de-ramping these days, then I admit, I am guilty as charged.

How about we park the silly terms like 'de-ramping' and discuss the serial non-delivery of anything over the last 6+years and why some on the BB believe that this track record of abject failure warrants the award of an EPO.

I will start...
Why do you believe the Zim Govt will award a sizeable EPO, or anything else for that matter, to a company that they know for a fact, first hand, has not produced anything from RHA or anywhere else for several years?

Answers on a postcard.

It could, it really could.

Unfortunately for PREM, the minerals need to be dug up, and in a profitable manner and that, sadly, is not what we are good at.

Can anyone explain why they think the Zim Govt would grant an EPO to a company that has delivered 6+yrs of nothing but false promises?

Would you award a significant contract to a company that has a proven track record of delivering nothing at all?

Hard to argue with the facts.

Cash will be needed very soon. Again.

6 years since we were told RHA would be "imminently" operational. 6 YEARS!

Zero credibilty
Zero integrity
Zero competence

Nothing but a lifestyle company.