Member Info for stevenc72

My agenda is the same as anyone else's here. To make money.

My average is about where we are today but I am also a realist and am prepared to write off my investment here if needs (probably) be IMO.

I do find this company fascinating and am thinking of getting (paying for) an investigative journalist to write up the last 5 years or so. It would be quite a read for those interested in business in general I suspect and most of what is needed is in the public domain.

You never know, if GR pulls it out of the bag (big IF IMO) that may well pay for the book!

@themanwhodoes, it would be useful if you could advise people of where the immediate funding requirements of PREM are coming from.

Hopefully it is coming. We don't need anyone else to make a pigs ear of the deal. We have a CEO with a track record of doing just that.

@faz, I am not doing anthing to anyones plate, nor would I eant too. Life's too short.

Where are the immediate funding requirements for PREM coming from?

No again. It's just obvious. No fine for stating the obvious.

Where do you think the money to fund PREM short term is coming from? Are there alternatives to what I am suggesting?

Not posting any inside information. Just bloody obvious.

Where do you think our immediate cash needs are coming from?

.

Careful @Garym, there are some on this BB who believe those trucks are worth 22 million. Let's not shatter those xmas dreams.

...feck all being delivered.

But we will go again next year with promises of:
RHA having some lights on, which would actually be an achievement!
Circum, again, again, again and again
EPO sign off
Some kind of JV
Lots more trucks

The only thing that will rerate this next year is the current CEO leaving. Simples. I will wait for that day.

I suspect we will know when Circum has happened when GR puts the company in further debt knowing he has the means of paying it off. Shareholders will not get a dividend IMO.

https://www.2merkato.com/news/alerts/5869-ethiopia-making-infrastructure-ready-to-exploit-potash-at-dallol

@2857mal, the EPO is not a done deal IMO. In the same way Circum is not a done deal. I suspect GR has his fingers, toes and his lodge crossed for a positive outcome but thats where we are at the moment I suspect. All crossing fingers. End of Jan we will know whether this company survives or not. It really is that binary.

Why can he not find a new CEO?

Because there is nothing of substance to be CEO of.

@flava, I can see it going sub 0.0005. I would wait if I were you. Mid Jan this will be .0003 IMO.

@novoice, 'is MAY be' and 'COULD' be.

Two sides to evey coin and sadly with GR, that coin normally lands on the wrong side if past performance is any indicator.

@CF73, I expect the next Circum news will be that we are awaiting a further update on Circum news and that this new news will be "imminent".

Also, GR has stated he wants to stand down but cannot find anyone to take the reigns. He has been stating tgis for months and months. Why is this do you think?

Why can he not find someone willing to take over this company with all the exciting potential that it alledgedly has?

@snowking, Yesterday’s webinar tells us the following MAY happen.

In all likelihood, if 4-5 years of experience is anything to go by, the chances of them ACTUALLY happening, are very, very unlikely IMO.

Here's hoping. Which is probably what GR is doing.

Thanks for the summary @whatsitworth. Here's hoping.

A statement clearly written without access to any facts, recommended by someone else who I can only assume thinks you have access to my account to see what I do and do not hold. You could not make it up. Sadly we don't have to.

Typical of many posts on this BB sadly. People stating mere personal observations that have no basis in fact or evidence.

@whatsitworth, I suppose its another one we can put on the back burner for now. I hope it all gets delivered but I fear much of what is promised here is just a pipe dream. Still the twitter gang can stop trying to convince each other that the EPO is happening imminently if he has indicated a date as you have mentioned. No doubt there will be another made up 'event' that will become imminent.

I didn't join the webinar as I thought it was all a bit pointless but from what I can gather,
EPO now before the end of Jan
A bodge job at RHA to try and get electricity fed in from next month
Circum update as per usual, imminent

As I say, we live in hope. Let's see where we end up.

@whatsitworth, do you honestly really believe him?

He has stated many things clearly over the last few years and none have come to fruition. What leads you to believe it is going to be different this time?