Member Info for Welshie7

He's probably trying to find Wilson

Hopefully that Minister is not the Minister of Mines as he's not in the country. He's in Belgium.

Where did I say great? Yes, we are operational on 2 mines (which is creating an operational profit btw), but tbh, the market is just waiting for further information on the other projects it seems. We need finer details on BP, diamonds (which makes sense not to conclude or divulge until the new diamond policy is in place), Zagra, etc. We also need T2 to be finalised.

The company doesn't need money to "keep lights on", it just needs funds to expand it's portfolio, which T2 will help towards.

Nobody likes the share price drifting and drifting, but sometimes investments take time to mature. We are in position where everything will eventually come together and the new diamond policy and T2 will likely be a catalyst for that (IMO only of course). Plus when we see 2 other mines come online.

Nothing really finished?

We have 2 operational mines that are producing constantly, which had turnover of over $30m last Financial Year. We also have 2 other mines due to be operational next year (Eureka and BP).

Shouldn't laugh, but I do find it entertaining that bootsie has invested in the wrong company.

I was thinking about a potential Circum reverse takeover last night and for us shareholders it probably could be a better option as at least we then in control of our stake in Circum and each shareholder has their own option of getting some gain out of it instead of leaving it to GR.

Consolidate our shares and then we can materialise our own value whenever we want.

Probably never happen though

Check the 1st May RNS. We held 4.5% in Casa, which was bought by ARCM and we were given ARCM shares in consideration for our 4.5% stake.

"The Casa offer is due to close on 10 May 2018 and Premier has today accepted the Casa Offer. Premier currently owns 412,500 Casa shares representing approximately 4.5% of Casa's issued share capital and will therefore receive as consideration 6,128,822 new Arc Minerals shares ("Consideration Shares"), representing approximately 1.9 per cent. of the enlarged issued share capital of Arc Minerals. At the last closing Arc Minerals' mid-market price of 2.45p, the Consideration Shares would be valued at approximately £0.150 million."

The ARCM shares are currently worth just under $290k (£220k) as they are trading at 3.59p a share (we own 6,128,822 shares).

I'm taking from the valuation that it's based on: KME: $4m Prem: $7m Funding: $6m KME additions: $3m There's your $20m, but could be wrong.

Yeah I've fired off an email to him, didn't get a response from an email I sent Faud this morning yet.

Not sure how we would meet the definition of a cash shell when we have assets in Togo, Benin and Mozambique. No mention of these in the RNS today.

Halloween has been and gone and we got no trick or treat. Let's hope we have something to be thankful for at (or preferably) before Thanksgiving (not that I'm from the US). Would be nice to get that Lithium update.

Maybe he is waiting until he returns from Zim so he has time for the conference call that usually proceeds the release of the quarterlies.

Don't think many object to raising money to progress the business (I certainly don't to an extent), but the way the placing comes about and the price it is done at is likely more of an issue.

Pretty shocking and annoying that they placing down at these levels

Jeez patienvestor, yes the share price being where it is at is not ideal for us or the company, but going bust? Take some deep breaths and go meditate.

Have a look at the accounts, our actual operations are profitable and we are increasing profitability. Once the new trucks are delivered in Rom and BP is up and running we will have operational profitability in both jurisdictions.

Look at the accounts and see why our operations are current at a group loss.

The groups cashflow will improve with time, but we are not going bust and we are nowhere near that stage.

I could go on and in more detail, but I'm working, so won't

If they boot the decimal point on the share price a couple places to the right, I'm sure they'll be able to make even more money (I think) :)

Let's get the bats out and hit it for 6 (not .6 though)

Certainly, a few more pies being baked. Also positive that VAST building a network of II.

I think he's saying he did a money transfer from his credit card to his bank account and then used the money to fund his trading/isa account.

And where's the AGM results RNS? Would have thought we'd have received it by now.

"Can’t understand why they need a geologist?"

You don't understand why a mining exploration company needs a geologist? You're a lost cause.