Member Info for stevenc72

It has been 'next week' every week since October 2015!

I too would be very interested in finding out. I also believe that as a shareholder, transparency about where 'my money' is being used in paramount.

Is this a sign of the elastics being pulled back for the slingshot?

@Napom. I am not at this time of the day going to enter a conversation about the need for basic due diligence before a Director hands over $US200,000 of company cash for an investment. I have had a busy day, am on my way home and quite frankly I would rather take a dump in my own hands and clap.

Needless to say, I am not impressed with the action taken. However, I am not entirely surprised.

The next time you are in contact with GR, maybe you could ask him for an update on the limestone and hunting lodge opportunity that he said was too good to miss after similar levels of due diligence were carried out and what return that has delivered to us shareholders.

His credibilty in the market must be at an all time low.

No I don't want PREM to start drilling anything, for a start we haven't got the money at present to buy a BandQ own brand drill.

But I would expect basic due diligence to be done on 8 year old data before investing 200,000. Borderline negligence IMO.

"Are these made up as well".

Exactly we do not know because the were not verified befire handing over the cash.

It is not a difiicult principle to understand.

Exactly. Historical data that PREM did not, emphasis on not, verify before handing over $US200,000.

How do we know the data is reliable? We do not. We have not checked it. The data is 8 YEARS OLD and WE DID NOT VERIFY IT.

I am saying the info is 8 years old and has not been verified.

Would you personally invest $US200,000 based on 8 year old info that you have not verified? No, you wouldn't. That would just be plain silly.

I don't care about the company who produced it back then. I am happy that they are legit. The fact of the matter is the info is 8 years old AND was not verified before the investment was made.

Ludicrous!

GR has just diluted to buy, for US$200,000, an increased stake in a company, and, (and I quote direct from the RNS)...

..."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."

8 years ago! 8! Eight!

This is our CEO ladies and gentlemen, this is our CEO. Nothing more than a blind gamble and yet he still has a group of cheerleaders who would have us believe this is a good deal and the share price will shortly head to the moon!

Unbelievable! Words fail me.

Let's see someone put a positive spin on this one!

Thanks for the reply @snowking. I will therefore assume there is no 'source' only wishful thinking.

Blind optimism, rumour, fact (sources please?) or being talked up by the usual crowd to enable GR to get a placing away?

Thoughts please?

@Napom Mon 23:53. As far as I can see the govt has not granted the EPO and there are few factual indicators that this will happen anytime soon. Wishful thinking does not mean its happening.

Please don't encourage GR to go buying more assets or anymore of those we have without him showing first he can deliver a return. He has simply failed to do that so far on all fronts, whilst living a life of Riley.

How much has he spent to date and what value has been delivered.... Lots and none!

@Acker, he/she doesn't know because it's nothing more than wishful thinking.

The crew have been saying the same thing since October 2019 and I suspect will still be saying it over and over and over ad over during April 2020.

Lets see how well that post ages...

Any monies from Circum will make their way to the bank of GR somehow.

Shareholders will get nothing IMO.

No cash, no cash incoming in the short term and a loan to pay imminently. Not good.

Decent assets, poor management and lots and lots of wasted shareholders cash. Although I am sure GR would say the money has been well spent!

Placing. Defo.

We have no cash, no immediate income and loans to pay.

@NAPOM.... my commemts in brackets...

This is just the tailings. Imagine when the higher grades of ore gets mined from the underground. (Imagine being the operative word) MNH on board (they aleady are, we have use of plant etc... it has made no difference to the sp. MNH being on board will "possibly" reduce costs. The word "possibly" taken from GRs own wording in the RNS) + electricity connection (we only have "adequate" electricity. Adequate for what?) means PREM will have no problems (we have GR at the helm RHA has been nothing but a problem project costin circa $22m to date) hitting their production targets eventually (eventually! When 2025?)

The market has read the RNS and has reacted as I expected. The market simply does not believe GR will deliver. History shows the market is right. Your post points to nothing more than wishful thinking.

Is it any wonder the market does not trust GR.

Slippier than a slippy thing in the land of slippy!