Member Info for steward1

All we know is that they haven't updated the market... and for all we know this could be tied up with the concert party's next step.... which according to the record includes sending assets PET's way.

We don't know how they're behaving, Massive but there is an overwhelming, compelling reason to follow through on their investment!

And why would they not follow through on their investment, Massive?

I've got some sympathy with this view just posted on another board -
"I'm very relaxed about this and I'm assuming that there is some technical issue about transferring the funds. The concert party have already seen a massive increase in the value of their 1st tranche and they will see the value of the 2nd tranche immediately multiply in value too. Even at yesterday's price (never mind the recent highs), they would see the value of their tranche multiply by 7 or 8 times... no-one, I repeat no-one is going to turn down that kind of return."

Same old, same old! Deja vu. Been here before, etc, etc. This flurry of posts is almost identical to the many flurries of similar posts over the last few years. I reckon that some folks are being very clever in allowing the price to drop and then creating some excitement and expectation of imminent announcements... the sp rises, nothing happens, the sp drifts and then some more excitement... etc, etc. I guess they have to be correct at least once!

I agree, Acker, not an easy read. I called it wrong - I thought that there would be a much more constructive statement and actual action. Blaming the west, bringing up corruption and asking what is needed suggests to me that Zim are not making the progress that we would want to see.

I don't think that he knows, Colby. It's over to the President.
I'd love it to be in the next couple of days but, given that it's Zim, the actual signing might be a while yet. I'm hoping for the President to be saying something in his speech tomorrow which will give investors confidence that definite moves are being made by the gov't, e.g. a date for EPO's being signed off would be nice.

Just repeating my post from yesterday with a wee clarification - if there's going to be a formal announcement by the Zim gov't then I'd be surprised if it doesn't come tomorrow or Wednesday at the mining conference. The Zim gov't needs to announce concrete action and I'd be gobsmacked if the President has been booked in to speak at the event if he's not got some announcements to make. I suspect that, at the very least, he'll say something positive in general about progressing mining projects and that Prem will get a wee boost. If he specifically refers to Zulu and/or lithium, there will be a slightly bigger boost. If he gets his pen out to sign the Zulu EPO then this will fly (I have to concede that despite all my reservations regarding GR)
If there is no news by close of play on Wednesday then this will dive (again)!
Call me a hypocrite but I reckon that Prem will get a boost during the next two days and I've added to my small holding!
And, yes, you've got to be in it to win it - AIMHO.

whatitsworth - if there's going to be a formal announcement then I'd be surprised if it doesn't come tomorrow or Wednesday at the mining conference. The Zim gov't needs to announce concrete action and I'd be gobsmacked if the President has been booked in to open the event if he's not got some announcements to make. I suspect that, at the very least, he'll say something positive in general and that Prem will get a wee boost. If he specifically refers to Zulu and/or lithum, there will be a slightly bigger boost. If he gets his pen out to sign the Zulu EPO then this will fly (I have to concede that despite all my reservations regarding GR)
If there is no news by close of play on Wednesday then this will dive (again)!
Call me a hypocrite but I reckon that Prem will get a boost during the next two days and I've added to my small holding!

CF - I think I've said previously when GR was on the brink of pulling off a deal that I'd eat my hat (I don't actually own a hat) but if he has managed to pull this off and has some sort of jv to progress it and a new management team then I could be persuaded to up my small holding! On the balance of probabilities, something has to go his way soon!

Have to concede, CF, you could be right - circumstances could suggest that there's a high profile announcement next week. The President doesn't usually attend. I really feel for the people of Zim - they need projects like Zulu and RHA to get moving.

Good post, Chippy.
Of course, by the law of averages, GR is bound to get 1 decision right.
Best outcome is for EPO to be granted and for GR to sail off into retirement!

Hi Quep...
I reckon GR would be obliged to tell the market if formal signing had been done regardless of any jv discussions. My money is on an announcement by the President at the mining conference next week if Prem have been granted the EPO.

FWIW - if there is a mining indaba next week and the President is opening it, and if Prem have been successful with their EPO, I'd have to concede that an announcement could come then. It's very true that the Zim gov't needs to show progress to it's people and to investors and I'd say that the stage is set for some big announcements. AIMHO.

That made me smile, CF! I agree... the world needs some balance. Have a good day!

"clearly" sold up??? What evidence do you have that I sold up or that I hold or how much I hold or what profit I've made or what loss that I've made?
Just another example of you putting 1 and 1 together and getting 3 zillion!
Anyone who attempts to dominate a board with ramping speculation needs to be challenged CF - same applies to the dominating trolls!

That's a pretty cheap shot, CF... there's no multiple id's here! Very happy to provide LSE with any information they want at all to verify that!
Getting back to PREM - where are you getting this solid inside info from? For example, the imminent MNH deal... prove that it's factual or have the courtesy to say that it's pure speculation!

Since I last looked in, it looks like the sp has fallen dramatically catching out a fair few new investors I would imagine. The enthusiasm is almost catching and CF does seem to be working him/herself into a wee bit of a frenzy - like a kid waiting for Santa to arrive.
What gets me about CF's posts is that he is implying that some things are happening when, in fact, he doesn't know - he is guessing or else he has some inside info. It could be either but in the latter case, I'd suggest that it's in PREM's interest to have a stooge on this board spinning a very positive outlook.
What CF and Tedoby don't mention is the GR factor and the fact that we've been here before! GR may well be talking to others but, apart from MNH, there's no concrete evidence! And the loan to them was very, very peculiar given that PREM has assets itself to progress. And they don't mention what MNH might extract from PREM in any deal for GR to get his hands on MNH!
Sorry to spoil the party but the longer this delay goes on, the more questions will be asked.
My final question - does the delay indicate that the President has looked at PREM and said "Nah! They've not done anything with the assets that they've currently got... why give them more. My Russian pals will do the business though!"

I've got to concede that PREM will have it's day if/when the EPO is granted.... I think anyone who holds a negative view on GR would hold that position. And, yes, I can see the sp spiking at a multiple of the current sp... how long that spike would last is a matter for crystal-ball gazing.

Beyond that, my own position is that, for PREM to prosper, someone else has to take the reins - whether that involves some form of restructure (e.g. separating out Zulu or a JV or a combination of both) is neither here nor there for me. The big issue is GR's influence. I think the best outcome would be for the EPO to be granted and for GR, at that point, to announce his departure either because Zulu is being separated out under a new entity or that a JV partner is taking a majority stake.

In the current situation, one might even reasonably ask the question of why the President would grant the EPO to Prem given their track record of failing to exploit any assets that they hold... I doubt if the Zim gov't look upon the RHA debacle with fondness!!

I'd suggest to you CF that basing decisions on past performance rather than speculation seems to be a credible approach. Most of us have been here before with PREM and GR. He hasn't been able to do anything remotely positive with PREM's current assets - in fact it's been overwhelmingly negative, a destruction of value that is perhaps unparalleled!
And you're a cheerleader for PREM - work that one out!
I do hope that GR can step aside with integrity and that he's able to say that was a job well done - I hope that he can finish well... but I don't have any confidence that he's got the savvy to do that.
My small holding is under the category - "needs a miracle!" It's a small miracle that the sp has recovered this far but it's nowhere near what most of us need to break even!