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Jamgoo....many thanks and the ASX has been very good for me and my London Group recently. 75X on LTR (Lithium) and 5X on Tietto Minerals where I invested pre IPO and raised a much needed AS500k at 2 am at the V&A Waterfront. I have met with GR twice in Cape Town and in London at the Chesterfield a few years ago and I found him to be shifty. There is a chance that PREM will come good but as you know , running 3 rigs, sampling and completing a "signed off" DFS will cost , in all likelihood, anything north of $6 million. A new COO will be welcome but it is time for GR to step aside and let a new CEO take on the operational side of things.
I think you'll be able to add a bit cheaper than today's price in the coming weeks.
Your timing seems to be immaculate - unfortunately for me, I was a couple of years too soon and my views on GR are certainly coloured by his failures during that period. I'd be very happy if GR stayed involved at an advisory level but he shouldn't be able to call the shots or go shopping for his latest bauble. I don't know if you've been able to express your views to him but I imagine everyone here would appreciate that.
The difficulty I have with MNH or any other new asset is that none of them will provide the return that Zulu will hopefully provide. To give up part of Prem/Zulu to buy another inferior asset is how value is destroyed. I don't understand why GR doesn't get this.
Goozee....you might like to learn about lithium grades and how to run a lithium exploration company by looking at LTR on the ASX . Put their 4 year graph against that of PREM. A group of us in London had the opportunity to take a placement at 2c and added post placement at up to 2.5c.
Pathetic answer Jangoo as you have only 28 posts on this board. I assume that you must be posting under different monikers and have forgotten that you only post on this one very occasionally. Scrolling back will take you less than 10 seconds....another clown joins GR .
Q1. I have been accumulating shares as per my holdings Rns over a considerable period of time. I’m not sure how many I’m meant to buy, I would like 10% but as the price has gone up it becomes more difficult to obtain a larger and larger % also there has been some dilution. I took part in the last placing with ETX at 0.2 p.
Q2. Why should I try and use my holding to oust GR. I 100% believe prem needs additional skills on the board and I 100% believe this will happen and Gr will step back further eventually.
Q3. I’m not happy with the thought of buying more MNH unless there is revenue coming in to cover it. I want the focus to be 100% on Zulu with some additional preliminary exploration of EPO area with a view to JV’s.
I would have attended last night but I’m away at the moment.
Cherry burn it’s true I can’t predict the future and I can’t be bothered to scroll back through my messages to see what I posted in dec 2019.
I can tell you my average is substantially lower than current market price and that I bought a boat load in the 0.03-0.04 p region when trolls were saying prem going bust , gr will sell to mates for a quid. Let’s see who is right in the end. I’ve posted my honest views and I stand by them. Prem is in a much better place than it was, substantially less risk with a growing resource.
I only post very occasionally on here and can’t be bothered with tit for tat slanging matches but hope all genuine shareholders do well
DazedandConfused yes mate that was the main reason but the words were he started on rha a top head analysis got it wrong and he went with it ,but me or u would to, but then the biggest problem the head guy drilling the hole didn't know what the hell he was doing by the time they realised that he was to far in , the rest of the story you know and George took the hit and you could see it in his eyes he weren't happy and he tenses up when talking about it this is why Zulu is going the way its going I've just had the same happen to me so i know what has going thro ( but bosses have to wipe employees arses this is why I'm selling up )
Hey Jamgoo, did not know you were on this board, awesome. Just read your old PREM messages, i admire your tenacity and strong belief in the long term potential of PREM. I also see the glass half full as you. I could only dream of owning 12 million shares so well done on your stake and participation within PREM. Hope you can help keep GRs' focus on Zulu hehehe
Dazed and confused Gr actually admit that people don't trust him and RHA is the reason why But after a few whiskeys he told us the full story why rha went to sh$t and I believe him I believe that he will retire after Zulu has been completed to make up for RHA
Don't want to remove him either as he has connection in Africa but GR need to stop to buy useless assets and need to concentrate on Zulu. Regarding placing, happy for so more if in the same category or better than the last 2.
Snowking, we are all here to make money and I hope that we all will make $$$$$$. However, been in and out since 2015 and do not trust GR at all. How many assets did he buy and shareholders have paid for ---> only result was dilution. MNH will be another one. Didn't bother to go last night as didn't want to hear false promises again.
If you are who you say you are and there's no way that we can verify that, why have you not increased your holding to the level that you have said you would? Or is that someone else pretending to be JG? Why have you not used your considerable holding to move GR aside? Why are you prepared to see your holding diluted further for a questionable asset such as MNH?
I’m either a fool or I’m very comfortable with that size investment and the risk reward that I perceive exists being a prem shareholder.
I could not have asked for more recently 1. Lithium absolutely flying 2. Grade very good 3.resource about to get 300% upgrade 4.this is just a tiny part of EPO area more resources to follow 5.tantalum credits and rail logistics make Zulu lithium projects costs even more favourable
This is a work in progress that has been significantly derisked. There is still some risk but the risk reward from here is prob 50% downside v 10,000% upside 100 bagger.
The reason prem is so cheap is because of the perception that GR and prem will fail. GR has a very big holding so he has plenty invested in prem. yes we need more skills on board and this will happen. Someone will buy Zulu lithium from prem in future for several pence per share. Then there will still be moaning this is worth 20 p a share bloody GR has sold us out on the cheap!
The big picture is absolutely glorious but hurdles to get there.
Not so long ago we were talking about prem survival , it’s going bust , GR will be selling to mates for £1 coin. Good luck all genuine holders