Raptor Resources Holdings,Inc. (fka RRHI)

[pitboss22]

The pumping will come later. First the "set up" portion needs to be completed. Meanwhile, the major players can collect their salaries while they sit back and wait.

You don't want to "salt the mine" too early, so to speak. Otherwise, interest would be waning at the time they would most wish it to be waxing.

Earlier this month, someone found some gold. Almost immediately, groups of vigilantes had taken control of the area and were demanding “tax” from the panners.

Announcing the takeover of the area at a rally attended by hundreds of panners who had been chased away from the fields by police, Zanu PF Midlands, provincial security officer Owen “Mudha” Ncube said the gold deposits in Sherwood belonged to his party. Mudha said Zanu PF had fought in the liberation struggle to ensure that Zimbabweans owned their land and the minerals in it and therefore had rights to control who mined at the fields.

The Sherwood Block mining claim is now registered to Cornelius Mpereri a close ally of Emmerson Mnangagwa (Zanu PF secretary of legal Affairs) and to Josphats “Gold” Sibanda who also attended the rally.

Zanu PF has started compiling registers of people who will be allowed to enter the fields to mine the precious metal.

“Only the sons of Midlands will be allowed to enter the fields and they will do so through party structures, those that are not known within the party will not have access and those from outside the Midlands will not be allowed here”, said Mudha after chanting numerous party slogans denigrating the person of MDC-T leader Morgan Tsvangirai.

Zimbabwe Mining Federation Midlands chairman Anorld Mandava confirmed the claims now belonged to Sibanda and Mpereri who would be given a certain percentage by panners who found gold from the claims.

“The panners will be let into the fields in groups and will be allowed to keep a certain percentage of what they find while they also give Sibanda and Mpereri their share.”

Is Al a "Son of Midlands"?

Then there's the 10% "Mining Royalties" imposed by the Zimbabwe Revenue Authority. These "Royalties" are set as a percentage of gross production, regardless of profits. Meaning they come right off the top. Zimbabwean law requires that all miners remit these royalties to government. If you extracted $10,000 worth of gold and your total expenses were $9500, you would only be $500 in the hole after "Royalties". Then, of course, you'd still have to pay Mudhat and "Gold" Shobootie their shares.

Seems like a guy could go broke if he really discovered gold in Zimbabwe.