Member Info for stevenc72

Todays meeting in Zimbabwe was a total car crash. I suspect GR was sent out of the room with his tail between his legs.

No signature, not even a signature promising a signature! And no progress made on RHA whatsoever.

I did say he has form.

My expectation is that GR will leave the meeting with a signature of intent from the Minister of Mines. He will then call an EGM asking to raise the sp limit for yet another too good to miss opportunity. He will then dilute. Zulu will then go nowhere in a similar manner to all other purchases he has made in the last 5 years. I sincerely hope I am wrong but he has form.

..PS. News on our other share it seems.

Good luck

I am not proving or disproving anything CF. Just commenting on the options and progress/lack of progress as I see them.

As we all know, there have been plenty of attempts to underpin the sp over the years and yet none of them have worked. Maybe this time will be different but I can't honestly say I have seen or read anything substantive to lead me to conclude that that will be the case. The public comments six or so weeks ago from the Ministry of Mines were positive, however, apparently he got a slap on the wrist for it, which does make one wonder.

Time will tell.

@mal, I don't think anyone is disputing that GR has said what you have indicated. He did, we all heard it on the podcast.

I think people just have a differing opinion on how much credence to put on what GR said.

If GR comes away this week from his meeting on Wednesday with a the EPO signed off by the President, I will be delighted. and the sp will probably rocket. However, this is not probable IMO.
If GR comes away this week from his meeting on Wednesday with a signed off 'commitment to sign off the EPO' from the Minister of Mines, I will be happy. This is possible IMO but will do nothing for the share price.
If GR comes away this week with nothing other than more words, I won't be surprised. This is probable IMO and the sp will continue to slide.

And therein lies the problem @mal - ""GR words" as per podcast!"

GR has proved to us over multiple, multiple podcasts, for years and years, that his words are not worth the voice file they are captured on.

If they were, this share price would be circa ten pence, not approx. one tenth of one pence.

@mal Zulu has been ready to go for years. It just hasnt gone anywhere...

@CF, Ironically, I have only ever bought in PREM. Anyway, it doesn't matter. Let's see what the rest of the week brings. Wednesday/Thursday should be interesting if we are to believe GR.

Good luck

Hi @CF, I don't have time to trade. I have 2 businesses to run which keep me busy. Working from home today though so a few mins to check through the posts etc... I have been watching this share for 4 years with a few quid invested £10k'ish at a good average so not really worried either way. But I don't think its as rosy as some are claiming. Quite simply, if it was, the share price wouldn't be 0.12

Let's see what the rest of 2019 brings. If it spikes, great, I know where my profits are going but I won't be putting anymore in just yet. It's an interesting business soap opera to follow for sure.

Good luck.

@CF, still loaded with optimism I see. Hopefully you (and all of us) will be rewarded soon enough but...
- The MNH deal was a bit of a 'Meh' and has added nothing IMO other than a stake in another venture, which if it is as good/profitable as we are led to believe, wouldn't have required a loan from PREM in the first place.
- Zulu we have had for ages and has gone nowhere - no need to think this is going to change soon. To get somewhere requires funds and competence.
- RHA we have had for ages and has gone nowhere, despite repeated promises, year on year, from the horses mouth. The video on the tweet you highlighted is from 2017 and proves my point I suppose

Which brings me to the EPO and this weeks meeting. I think we are in agreement that the EPO can only be signed off by the President and in GR's own words is unlikely to happen this week in particular as the President is a very busy man. So when will it be approved/signed off? Quite simply, no-one knows but I doubt it will be this side of Christmas now.

GR is, this week, seeking a signature of commitment from the Minister of Mines? For what purpose? Some seem to indicate that it is to kick start a JV. Ludicrous thought IMO. Would you legally enter a JV and commit resource on a 'signature of commitment'? I doubt the other alleged party (which we have no proof of) would either.

My suspicion is that nothing will happen in Zimbabwe now for months and months, although I will concede RHA may be electrified. Whether it will be profitable, time will tell.

Circum may well be sold and we, as shareholders will be given an ultimatum IMO; accept a dividend and shut down PREM or forfeit the dividend to enable PREM's assets to be 'progressed' during 2020.

It would not surprise me if the expected profit from the Circum sale is why GR has indicated he has funds ready to proceed the EPO and has been used as collateral somehow. Shareholders will receive no dividend IMO. I hope I am wrong but the man has form.

Time to relax and look forward to fun games next year IMO.

P.S. PREM needs cash. I wonder how that is going to be enabled?

@iky786, GR is only heading to Zimbabwe to secure, IF possible what in effect equates to an MoU. He is not meeting with the President, only the Minister for Mining so seek further commitment. I wouldn't have too much expectation on a sp increase given the last interview he did.

GR said it on an interview last week but he is not meeting with anyone who can sign the EPO off, only the President can do that.

GR is meeting with the Minister of Mining and is seeking a signature of commitment. His words, not mine.

2 sides to every coin. Please dont forget that where GR is concerned.

Shareholders would no doubt agree to a raise if GR said it was that or lights out. They would have little choice and he knows it.

Yes he would. He's done it loads of times. And it's not on record. Its on a podcast.

The way I heard it is that only the President can award the EPO and to quote GR, he is a very busy man with a lot on his plate. GR is meeting with the Minister for Mines on Wednesday and is seeking/can only obtain a signature of commitment, which means little if only the President can sign the EPO. Two very, very different signatures.

according to twitter.

Usual suspects convincing each other that this week really is it... for the 6th week running! I kid you not.

Good luck all.

I haven't listened to it yet Wolf but judging by the comments on this BB that I have so far flicked through, it would appear nothing at all. Looks like whatever was said was vague enough to allow those who want to ramp to do so and ditto for those who want to deramp. In other words, a waste of time. I will have a listen myself later for some fun.

The problem is that even if it is straight from the horses mouth, that doesn't mean a lot. I remember a podcast stating RHA will be profitable soon. That was straight from the horses mouth and yet, nothing, nada, zilch for years.

Still you have to applaud his competence in story telling.

We live in hope!