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I think even the most loyal members of the band of merry men have realised they have been had here.
Still a few stalwarts remain but many have moved on after nothing has materialised from all the rhetoric, podcasts and tweeting.
The credibility of the BoD in the marketplace is simply shot after 5 years plus of promises promises and zero delivery and that is putting it politely. God alone knows how the Zim Govt view them but I wouldnt of thought its in a positive light.
Would you grant an EPO to a company with a 5 year plus track record of delivering nothing? Its a very simple question and a very short answer.
I suspect the only way to get a favourable outcome here is to make a cheeky offer for a hunting lodge and some second hand trucks.
The usual crew getting excited because it is 'EPO Friday' for the umpteenth time.
Not to worry if it does not come today. They will convince each other that there will be an extraordinary EPO tomorrow.
Meanwhile in the real world, the sun is shining and the beer is cold.
the problem there @whatitsworth is that if someone sneezes and it sounds like 'EPO approved' GR will declare it official comms the PREM gang will take to twitter, but ultimately, as we have all too often experienced, it means nothing.
It needs to be in writing, legally. I for one am tired of the cries of WOLF with respect to this share and I suspect I am not alone. IMO, we are in a position here where we have a huge lack of trust and credibility in communications, particularly those outside of an RNS.
It needs to be in black and white. No one will believe it otherwise. It really is that simple. Whilst many would welcome the opportunity to believe what is said by management, history indicates that would be somewhat foolish.
@snowking, who is the "We" and do you have a source for the "companies lining up to join PREM" please.
If that is the case then it would be great news and I am sure there are many who would like to know more.
I will be staggered if any of the items listed occur.
Over the last few years/months/weeks and days all GR has proven is that he can string along investors, changing focus and misled optimism from one project to the next.
Remember when Circum was imminenet?
Remeber when RHA would be operational imminently?
Remember when RHA would be electrified?
Remember the limestone/hunting lodge deal expected to deliver short term material benefit to PREM?
Remember when the EPO was definatley 'this Friday'?
Remember, remember, remember... they will all be recycled for focus and promises soon enough.
Meanwhile...
Historically, putting a fence up' implied some sort of claim/ownership on the land in question.
Putting a fence 'under' something, who knows? Unless it implies that EUZ (or some other party) either own what is above, or alternatively below, the fence in question.
Probably doesn't help much but it indicates to me that an amount of land is possibly in line for some kind of ownership claim/transfer in ownership? Very cryptic Shed.
@robrob. I am not going to get into a debate about whether GR has "done a good thing". How much of a good thing is reflected in the sp/market reaction.
I would be more worried aboit the fact that we shouldn't be in a position for this to matter, but we are.
Last roll of the dice I suspect. Nowhere to go from here. Let's see where we are in 6 months.
not of case of "WHEN" but "IF"!
IF the EPO gets signed off
IF electrification happens at RHA
IF Circum does anything
IF we get a JV
IF the limestone and hunting lodges purchase delivers value
IF, IF, IF, IF, IF... ... It is all imminent IF only!
@Acker, it is Thursday. Keep your eye out for that Gazzette! If it does not come today, don't worry , there might be an extraordinary Gazzette printed on Friday.
EPO this week anyone? Surprised it hasn't been mentioned yet.
@nathan shareholders have been strapping on for 5 years plus. We have got strapons on strapons on strapons etc etc.
I suspect our money here is done. PREM has no money and no means of obtaining any in the short term without a further placing and massive dilution. Can no-one else see this?
And there it is....
Feels positive....awaiting capital funding from Neiff.
EPO - Procedural issue. Need EPO before partners come in.
No headroom !! need a EGM. Looks like Acker was right. We have no cash coming in and no immediate means of getting any. PREM has resorted to getting out the begging bowl in order to get out the begging bowl.
That is all.
If no RNS is issued prior to the webinar, it is quite simply not worth dialling in. PREM can say what they want in a webinar with no accountability for any statements made and history shows that is the one thing they are very good at IMO.
Coronavirus will be blamed, promises will be made, things will be happening 'imminently' to ensure shareholder value and they may even have their eye on another 'too good to miss opportunity'. Ultimately, I suspect they will be painting a glowing picture of the future and will be asking for permission to increase the share ceiling to facilitate a raise or it's lights out. I could be wrong of course, time will tell.