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My point earlier was that, given the current World crisis and the likelihood of an extended recession, I had previously been thinking that Circum may have concluded to delay further progress... for me, the Emmerson announcement indicates that they are not put off by the prevailing World market conditions so it's less likely that Circum will shelve anything. It's as simple as that.

If you add to the mix, the thousands of small buys over the last week(s) as well, there is certainly something going on - let's hope, for once, there is some positive news very soon.

Have to say that I was rather bearish on the Circum situation until yesterday when the Emmerson announcement was made. I took the view that, given the current world crisis, Circum was more likely than not to be delayed. Perhaps, the upcoming meeting will have some very good news.

I'd also thought that the Zim gov't had effectively ground to a halt but I came across this site which lists all their gazettes - https://gazettes.africa/gazettes/zw/2020 - it looks as if they've been particularly busy in May... perhaps, some hope on the ZULU EPO after all.

Still disappointed in GR and MNH, though!

I was thrown by the reference to "further plant", Napom.

You're right Napom - I misread that. The plant and machinery has been purchased. Apologies.

Yep, Bick - this is getting murkier and murkier.

And it also says "up to 5600"... so that's the max.

Clearly someone has reported GR (well done that person) and he's had to issue clarification.

What does anticipated mean then... it means forward-looking!

I'm getting the gist of this now - GR is placing a massive bet on MNH based on future potential if more plant and machinery are bought... presumably by PREM's shares (which will need to be sold to buy the plant, etc... which will depress the sp)... but MNH is supposedly profitable but can't afford to buy the plant, etc itself??? And the price of buying another slice of MNH is based on that future potential (which doesn't appear to be materialising). Ifs, buts, maybes - it's always the same with GR.

Does anyone know how much cash we have received back from this supposedly profitable company so far?

Not sure of the purpose of this RNS but "anticipated gross export tonnages of Manganese lump ore are now up to 5,600 ton per month"... so future output is only 5600 tons per month, not 10,000!

Good post, Bick.

MNH - I can't see a compelling case for this... only a major risk that GR has chosen a duff again.

RHA - I agree.

Circum - I'm in agreement now - the economic fallout from the crisis and the world recession hasn't really hit yet and I think projects like Circum could well be delayed further. GR is getting in quick to get his ceiling raised before any more bad news hits.

Zulu EPO - yes, it's the only hope!

Have to confess that I didn't listen to the webinar but if GR did say that the EPO was ok'd in March then where is the RNS? I'm expecting one on Monday now!!
MNH - I would repeat what I've said before... GR has no track record of delivering and he has certainly not delivered any increase in production at other assets. If he's going to double production (although some are suggesting that he needs to more than double it to get to 10000) - typical GR.
Circum - it's got to happen sometime but I would caution everyone assuming that the upcoming shareholder's meeting will signal the liquidity event. As the lockdown continues and we hear more of demand for all sorts of things falling, there is some risk that Circum might be delayed further.
All in all though, it sounds as if it was all vintage GR - personally, I'd be very, very wary until we see some concrete RNS's!

Hey Novykluk - apologies if I offended.
I concede that the EPO will be granted at some stage but when it will be is anyone's guess. GR doesn't know and I doubt that he himself has any confidence that it is going to be soon - if he did, he wouldn't be looking to raise the headroom imminently.
Circum will come good but that has been on the cusp for several years. We're certainly closer to it - the march of time does that naturally - but GR has predicted before several times that it was on its way but no sign of it has ever been seen.
As for anything else, MNH and RHA included, GR has no record of delivering on any assets... past performance is a good indicator of future performance.

Snowking - you must surely know that THERE HAS ALWAYS BEEN GOOD NEWS JUST AROUND THE CORNER with old GR.
Novykluk - you're new around here, aren't you?

Boy, do I know that a fool and his money are easily parted... announcing that you're going to increase the number of shares in issue by more than 50% will not result in the sp increasing! Without any other positive concrete news, the sp is likely to at least half.
For those of you who are not familiar with GR's ways and means , this is all typical of GR - issue new shares with promises of riches... which never materialise! AIMHO

Well... with none of the right news on Friday and all of the wrong news, I fully expect the sp to plummet tomorrow. GR is simply taking advantage of the goodwill that a lot of holders will have currently due to the recent rise... simply part of his MO!
MNH - another characteristic of GR's MO is to be taken in by shiny new stuff that someone has persuaded him has untapped potential... MNH is a distraction as is/was RHA.
The sp will spike when there is some news of the EPO and/or the Circum event. The main question investors have is whether to sell on that news... personally, I will... GR has a zero record of taking any resource and making money from it.
For traders, this should be a dream share.
Really sorry for those who got burnt buying in at 11/12.

Hi lucky - as both you and I know, we've been here many times before. I couldn't put a timescale on it but I think that some concrete news will emerge in the next few weeks/months... there have been volume spikes and sp spikes in the past. Will the sp drop before news emerges.. most probably (given past experience). With PREM, either stay in and ignore the wild speculation that is associated with this or attempt to trade it... if anyone is trading it then a 100% rise in a week seems to be a signal to sell.
If no news comes today, the sp will fall back (lots of folks don't like their money being tied up over a weekend). If there's no news on Monday then I'd suggest that we'll be back in single figures.

Why do you think that there will be an update today or Monday?

I agree Acker if you're in this to trade it rather than hold and wait for the news.
Looking back at what has happened in the last week, I actually expected the price to drop after last week's RNS's. The MoU is simply an aspiration to get more investment - there's nothing concrete in that news at all, never mind it being directly beneficial to PREM. This week's rise is based on pure speculation and hope that news is going to come later today or on Monday... as is ever the case with PREM, it's highly unlikely that we'll see it when everyone is hoping/expecting such a specific timescale for news to be shared. I could be wrong but the price has now doubled within a week!

I think most people are still here because one of two things are going to happen - the EPO is going to be granted or Circum is going to happen (or maybe there are some who are waiting for both to happen). Circum has been "on the cusp" for years so the EPO being promised in October could still be regarded as "imminent" . Seriously though - if either happen, the sp will bag several times over imho. The question is whether they are likely to happen - I've taken the view that they will both happen soon and am happy to wait. What is interesting to me is that things in Zimbabwe seem to still be moving - the EPO could be tomorrow, next week, next month - stick a few bob in and wait... undoubtedly imo there is a major spike coming.