Member Info for stevenc72

I hold also. I did originally invest in the potential of the company. Now, I have no interest really in the sp either falling or rising. It's irrelevant, financially to my personal circumstances. It's the story that keeps me interested believe it or not and I am keeping a very close eye on how this eventually unfolds and what assets end up where.

It's like a long running soap opera...

A clear concise summary of the companies performance right there @Vitec

My questions is that if MNH is such a profit making company with mega millions coming in monthly, whey do they need off-load equity to a company which has not delivered anything in the last 5 years? Maybe they could show us their accounts so we can all work out what fair value might be for our investment.

I would argue that history shows that learner.trader has been correct more times than MrMagoo.

It is tough to make a decision as to believe change is coming which will have a positive affect on the sp, is to to against everything that has happened historically for the last 5 years.

Why does having an opinion one way or another make an individual 'sad and pathetic'?

"Always...then flies afterwards.." Does it? Really?

Its done nothing but go down for 5 years +

@CF73, trust you are keeping well. Nice little RNS on our other share last week. It's time will come.

What makes you believe this month? People have been saying the same thing for 8 months now. Have you seen anything concrete?

@Graham

GR has been buying time for 5 years plus. Allegedly to increase shareholder value. He is good at buying things. Not so good on returning shareholder value.

Latest RNS.....I literally have no words.

@Acker the shareholder group have about as much credibilty as our CEO.

I think he is gone Craig. I don't wish ill on anybody and I suspect he is in for far too much and can't afford to lose it. I have no idea of his circumstance but the posts over the last few months sound desperate to me, even more so recently. I hope it pans out for him, maybe elsewhere. It won't be here IMO.

Lets see what tomorrow brings. Nothing good I suspect but its interesting to follow now as a soap opera. As an investing opportunity, it's finished IMO. Everybody knows it.

It will now simply run its course. Could be months, could take years but its had its day.

@Graham, despite your positive outlook, IMO this sp will fall, possibly heavily tomorrow. GR has cried Wolf too many times and credibilty after todays RNS released at 16:30 is now at an all time loe. It clearly shows the contempt he has for shareholders.

The bigger issue here is that he knows he has shareholders over a barrel. If the vote is a no. I suspect PREM is finished. GR walks away with Circum. If the vote is yes, GR can sit pretty for another couple of years whilst doing nothing of substance.

Either way, this is not looking good for those invested, short, medium or long term IMO. That RNS IMO was a complete and utter p*@stake.

I believe the first three words in your post sum the situation up. You could have saved some ink by stopping there.

I believe the first three words in your post sum the situation up.

700k for some rusty old dumper trucks and I quote from the RNS notes...

"3. Premier has not independently verified or updated the Cube historic resource estimate. No adjustment or update has been made to the historic resource statement for any production by Otjozondu since the historic resource statement was prepared in December 2012.

So in summary, our CEO is askimg for approval to spend 5 times value for trucks and other tat based on unaudited accounts and a resource estimate that hasn't been verified since 2012!

Simply unbelieveable. The fact that some are even considering this as a positive is astonishing.

@Graham, I don't believe there are any sore losers here, as you put it, just realists.

The company has been sat on great assets for 5 years+. Look what has been achieved with those great assets. NIL.

For many these are the facts and its hard to argue with them wouldn't you agree.

IMO the dispute with the Zim Gov re. RHA ownership/cash will now drag on and on. The Zim Gov will not award the EPO due to the dispute over RHA (see previous sentence). No progress will be made. No new investment or revenue will come in or be generated. PREM will in effect fold. GR will walk away with Circum in his back pocket as this is what secured the loans.

There are obviously two sides to every coin and for those hoping for the opposite of the above, I wish them luck. As a holder I would also be happy

But, I like many others are perhaps more realist than hopeful.

50 times would be circa 1p. Now that would be something!

It's been a disappointing 5 years all told.

Does anyone honestly believe the EPO will be granted by the Govt when GR has just instigated legal action against the same Govt relating to RHA?

I suspect our EPO documentation has been firmly placed at the bottom of the 'To do when all the jigsaws have been finished and there is absolutely nothing else to do' pile.

Did someone mention more second hand dumper trucks? Yaaay!

I honestly don't think there is a Plan B. Credibility in the market is now at an all time low.

Does anyone know the total of Circum shares now being held by GR as security for the loans?

Could he effectively oversee the closure of PREM and walk away with Circum?

Pretty much nailed it @Acker.

And still the sp continues to slide.