Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta



Register
Login:
Share:
Email Facebook Twitter

Severn Trent CEO Liv Garfield speaking at the Hardman & Co Investor Forum Watch Now

Severn Trent CEO Liv Garfield speaking at the Hardman & Co Investor Forum
TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake


Premier African Minerals Share Chat (PREM)



Share Price: 0.07Bid: 0.06Ask: 0.08Change: 0.00 (0.00%)No Movement on Premier Afr
Spread: 0.02Spread as %: 33.33%Open: 0.07High: 0.07Low: 0.07Yesterday’s Close: 0.07


Share Discussion for Premier African Minerals




View all PREM Messages

Please login or register to post a message on Share Chat.

Posts per page:

Smilemore
Posts: 1,553
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
Yeah that's what I meant. Let's try the easy steps first and this will see how willing the BOD are to help us.
 
Moljen
Posts: 1,869
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
Smile - we'll have to disagree, cashflow is the lifeblood of any business so it'd be my number one focus. Getting accounting information from a C&M business is a piece of the proverbial (getting it signed off by auditors may be another issue altogether)
Smilemore
Posts: 1,553
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
Thanks stew. If you don't mind me asking with or without option 6 and EGM. I do agree with Ted on this pijt is all we need is some updates first.

Moljen I agree. First let's get an update as I know how hard it is to get accounting information from anyone! That okay.
Moljen
Posts: 1,869
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
Smile, I'm with Tedboy but for different reasons as I'm at the other end of the spectrum and think it's just kicking the can down the road. However, I do appreciate what you are trying to do and as such am trying to be constructive so;-
I'd ask about the Annual Accounts - due to be published in a month and a bit so from experience they should already be in position to give you a date when they will be released.
That'll give you a true picture of finances 6 months ago, think you also need a more current one so I'd be asking for where are today so you get an estimate as to how long they can hold out without the $6M or Circum
It's very hard to plot a course to where you want to go (drilling at Zulu) when you don't know where you're starting from (state of finances)
steward1
Posts: 1,124
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
Smiley - good job! I'm on board.

Tedoby - there is never a good time to do this sort of thing but GR has treated us with some disdain since I've been invested. If you want to take KME as an example, quite apart from the impact on us, how on earth did he think that it was ok to issue shares at 14.5p one day to KME and then 9p the following was going to be something that KME would be happy with. He effectively reduced the value of the shares to KME by a third knowingly in 24 hours?
Smilemore
Posts: 1,553
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
I agree Mal. I have battled these types for months. Trust that I am PREM'S supporter but I am also a shareholders supporter. Every shareholder deserves to be happy. All I am attempting is that we have an open and honest bod to PREM line that remains open this will create a happy board, happy shareholders and a true building block to a brighter future. A big investment decision for most is a good shareholder Comms line.
2857mal
Posts: 1,045
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
smile most shareholders care and intentions are valid and honourable, We are a small shareholder in circum and as such hold no clout. Circum will ipo when they have everthing in place and when they choose to do so GR cannot update on circum till its official.

Zulu epo Zim government involvement ...rha cheque in the post? site visit ? 100 days for production.

Some posters would have you believe...………………?

And what do some posters want ..a battle cry of (50 posts in 2 days by one) how everthing is doomed.

To me if it reads like a traders post looks like a traders post then its a trader, beware this board.
Smilemore
Posts: 1,553
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
Communication is poor. PREM is fantastic. All I want for everyone here is to be kept up to date.

To be told that there is a Circum meeting and not hear anything is hard to take. The problem is that myself and others just feel things are shared to some that is not fair.

Why not have bi-weekly corporate updates?

If we can get to a place where this BB is a happy place and so we the shareholders I will have accomplished what I set out to do from the outset. The only was to do that is get the BOD working with ALL shareholders.

I care about this a lot and that is my only intention.
Smilemore
Posts: 1,553
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
Thank you both for your comments and I appreciate the time it has taken to get involved in this.

I have to agree with both of your points. Trust that I am someone who is never a sheep but take business very seriously.

Ted my proposal is to never get to an EGM. That would be a nightmare situation. My hope is an open and honest debste that is then shared to shareholders immediately. After today there will be no public attack as the emails would have been sent and I will allow the BOD to get on with the work. I'm one of PREM'S biggest supporter but Zulu has been a mess.

My hope with all this is we get a corporate update that will be well worded to shareholders know what the plans are and what stage we are at. That the bod consider who to get this company in the right direction and we can a big turnaround.

Hope that makes sense. By 12pm today I will not utter another word about it. People can send the email if they want.

All we want is to know what the hell is going on. We haven't received an update on Circum for example.

This is a shop window and it will be dressed accordingly from 12pm. I have been a big supporter of that also and pushed this BB to get to a place where that is even possible battling daily as you both know. I have not listened to anyone.

Hope that makes sense.
2857mal
Posts: 1,045
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
can agree with your post Tedoby, you are not a lone voice and the actions and posts of some here are not all what they seem imo.

Smilemore really appreciate your posting but please dont get suckered into believing all what is posted here.
tedoby
Posts: 787
Opinion:Strong Buy
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
Smilemore I just thought I'd let you know I won't be one supporting your proposal. I don't agree with it.

Some of the issues your action is predicated on are quite valid but some aren't in my opinion. It seems some of us are influenced too much by what's been said on here and the other BB's and that's not good. Not good at all. To the extent that I believe some judgements have been based on inaccurate or misleading information .

Take the KMB issue for example and it's one of several. That's proven very difficult to resolve and I believe the situation is not what most think or have come to believe. Whilst I can see that the BOD's should have notified the markets that things weren't progressing sooner than they did they may have done that in the hope that negotiations on issues raised by KME could have been resolved amicably.

The drop in the SP wasn't the only issue KME raised. That one could have been sorted quite easily. There were other difficult issues too in my opinion that were not of Prems making and proved to be unresolvable in the final analysis. But arriving at that conclusion took time and I believe it wasn't for the want of trying on Prems part.

More than the KME issue and others like it and there are several I'm afraid the timing of your action couldn't be worse in my humble option. Prem is in the middle of important negotiations on all of it's three major assets at the moment. Zulu's with it's EPO, RHA's with it's $6m funding and Circums with any disinvestment. There couldn't be a worst time to be "airing dirty washing" in public.

This BB is a shop window into Prem and here we are raising this campaign in front of all to see at this critical time. I believe we could be jeopardising these really important negotiations if we follow through with your proposal. As well meant as I believe it to be.

So I may be a lone voice but I can't agree with what your doing Smile I'm afraid. I believe there's a far better time and place for what you and your supporters are doing .

AIMHO

GLA GS's
Smilemore
Posts: 1,553
Opinion:No Opinion
Price:0.095
RE: Final Proposal - with MTL additions
19 May '19
Thanks Snowking that means a lot. We have to ALL agree to it or this won't work. I will give it till 12 pm to organise any more changes then we will all start emailing. If people have already then great. What would be great is if we could confirm on here ' email sent' then we can see how many people have done so.

I appreciate everyone's efforts to get this sorted. Eddie I really hope you can get on board with this. I understand your scepticism but we can but try. Hopefully we won't be a windy day while pissing (as you put it).
Smilemore
Posts: 1,553
Opinion:No Opinion
Price:0.095
Final Proposal - with MTL additions
18 May '19
Dear BOD of Prem,

Please find enclosed a list of generic questions and issues which as shareholders we believe you need to respond to by 6pm Tuesday 21st May 2019. We are constantly being mislead about actions of the board, status of assets , use of placing monies , and time frames given in communications to the market. We therefore believe you need to address our concerns as a matter of urgency.

We also include a suggested proposal to get PREM in a position to start delivery instead of diluting shareholder value.

1) update on RHA proceedings - with weekly updates as to BOD progress on all matters. This can be provided in any form as long as it is for ALL shareholders to access.

2) Update on Circum meeting. You had hoped to update shareholders early last week and this has not happened.

3) Bod proposal for Circum shares based on meeting.

4) Full clarification of Zulu, KME transaction problems and why this was not detailed to shareholders. What is the Bod plan to do to get Zulu drilling within 30 days.

Shareholder proposal:

1) Possible Circum sale - however this cannot be done at market price. Any offer must be offered to shareholders as our acceptance is price dependent.

2) Any sale of Circum (under above conditions) would need to pay for full DFS and working capital.

3) Not wait for EPO but get drilling Zulu within 30 days. Focus on core area as previously planned for that will not change come EPO.

4) To not consider a JV as this will create yet more DD work, unless it is also with the government.

5) Look at non dilutive options to get to RHA profitability shareholders do not have to pay for any more delays from the government.

6) If RHA has not been resolved in 30 days and Zulu plan has not been finalised, the CEO position must be reconsidered with immediate effect.

Shareholders will seek an EGM by looking to gain the necessary voting percentage if nothing is resolved to a satisfactory conclusion in the given time period.

Yours sincerely,

Premier African Shareholders




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk







Home  |  Contact Us  |  About Us  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy  |  Mobile Site  |  About this website design


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.