Member Info for stevenc72

Thanks @Glosman. The problem is getting RHA, EPO and Circum new sorted.

The big question is can the CEO do it?

Straw poll time:
Answer 'A' for YES
Answer 'B' for NO

@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?

It's a very simple answer.

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.

How much profit on the alledged $952k in revenue per month?

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."

Where does that leave PREM? Genuine question.

@Acker, the dividend received by PREM, from MNH for quarter ending 31/03/2020, I suspect was a big fat ZERO.

@Napom. I would stop posting here if I were you.

Your credibility is on a par with our CEOs.

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.

Don't forget 'imminent' Acker.

Clearly someone doesn't share the same level of enthusiasm about this heading north as the guys and girls on twitter sharing pictures of old pennies and lots of trucks with each other.

And only a few weeks away from a SGM that will alledgedly be a game changer. Hhhmm.

Hopefully that he is standing aside. I suspect that would result in an immediate doubling of the MCap.

I doubt that very much Acker!

@55wd, zero value has been delivered here for 5+ years.

We have taken on loans using Circum shares as security.

There is no way we are going to be able to pay back those loans but we don't want to lose our Circum shares by defaulting on the loans.

We are therefore begging shareholders to allow us to raise the ceiling by billions and billions of shares so we can issue bucket fulls of ordinary shares to get our Circum shares back.

Please vote for us. If you don't, we have nowhere to go and you will lose your investment.

IMO you can now put this company firmly in the toxic bracket.

and a request to allow him to do as he pleases for another 2 years.

Outstanding.

@Graham. The fact that you think your posting on this BB has had any material impact on the sp is laughable. It has been quite apparent to anyone reading this BB on and off for the last few weeks that you were in 'too deep' as you put it. Now claiming to have sold at a profit. Did you panic and sell out at a loss when the share stopped rising?

@Vitec, I suspect there are many here who have been holding for longer than a few hours that will be bailing at the first opportunity they get. The promises of future riches sound great.

But, for many, I suspect Wolf has been cried on this share far, far too many times. The credibility of the CEO is shot, IMO, due to false promises and 5 years of zero delivery. Still the soap opera runs on I suspect many will stop watching when they are at breakeven.

Which of the extremely positive posters indicating the EPO will be in todays Gazette will be the first to mention the possibility of an 'Extraordinary Gazette' being issued on Saturday when it does not arrive today...

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