Member Info for stevenc72

Oh dear Lord! Not again!

"very very close" is it? This belief is based on what exactly? I hope it's not a conversations with GR or a mystery lady at some conference event again.

Sub zero.

What GR puts in RNSs and says in interviews is seldom/never delivered.

I wouldn't expect 1, 2, 3, 4 ,5 or 6 quite frankly and certainly not be this year end.

And therein lies the problem @acker.

If there is one thing the CEO has proved over the years, it is that he is incapable of "doing" anything much at all that benefits shareholders.

Credibility here with the company and CEO is rock bottom.

Wolf has been cried far, far, far, far, far too many times.

I doubt it.

Anyone know if there is a typical timeframe for a yay or nay on these type of talks?

Thanks for the explanation @charlie

...is this what a short squeeze looks like?

but they don't say when. "Imminent" though apparently.

Tea leaves say EPO inbound!

@jonjo, to even consider that any cash from Circum (if it even comes) will be distributed to shareholders by GR is pure folly.

There is no way on earth this would happen IMO.

GR has showed enough disdain of shareholders over the years to safely assume he would rather spaff it up the wall on other "near term potential cash generative assets" or "opportunities that are to good to miss", that ultimately prove to be neither.

PREM part owns a manganese operation in Namibia which is already producing. But not at the volumes promised in recent RNS's and no-where near enough to make a profit to allow or the alleged dividend payments. It is little use owning any percent of a loss making operation.

@jonjo, the problem with offtake partners is that they invariably need something to take off.

The problem with PREM is that it has proved it is incapable, for years, of producing anything., let lone produce anything at a profit.

@jonjo, that video is 3.5 years old.

How much profit has that plant delivered since the video was taken?

Translated as...

Thanks for allowing me to clear the debt and pay myself and others who have done nothing for 6 years+. Consolidation coming followed by further raises/dilution so I can buy more stuff to do nothing with for another 6 years. Have a great Christmas.

IMO obviously. Unbelievable.

I suspect Jonjo has had a 15 minute conversation with GR, has been hoodwinked in the same way as the infamous Shareholder Group and is now trying to convince the more sane on the board that PREM is worth investing in.

Nothing of value has been delivered here for over 6 years. That is the only fact that is not in dispute.

@acker I think this Jonjo fella is forgetting that GR has a multiyear history of delivering absolutely nothing. Nada, Zilch, Nil.

Lot's of if's, likely's and other speculation in his posts today as always. Oh, and some made up figures, plucked from thin air.

Credibilty, like that of PREM is sub-zero. Seems to be very excited about an RTO for MNH and the potential of 15,000 tonnes being produced. Remind me, since we invested in them, what have we had in return?

The problem with offtake partners is that they expect something to take.

PREM has little experience or history in producing anything.

He always has something positive to say @luckyboy. Unfortunately, IMO we are at the point where nobody really cares what he has to say. Credibility is shot IMO after 5+ years of false promises. Value needs to be delivered.

The question is can the BoD do it. History proves not. The future, well that is anybody's guess and there will be those who say 'now is the time', who will in the future no doubt be replaced by others claiming 'now is the time'.

Still good to tune in now and again and see what is happening. We just need a Coronation Street type theme tune to accompany our posts.

It certainly is the last roll of the dice @luckyboy and I don't expect it will go down too well at all.

I cannot believe he has done this personally. He has delivered zero to the Zim Govt and shareholders here over the years. Why should they think he can deliver now? Simple answer is they don't otherwise the EPO would have been awarded 12 months ago.

Credibility now sub zero, IMO, but still a good soap opera to keep some watching.