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Welshy - who thought there would be an RNS on Friday? I don't know anyone who did.
It seems to me the price went up late on Friday for no particular reason - there weren't a substantial amount of buys.
I think most of today is just a correction.
Day traders would of played this share today , finished around 0.2 on fri in hope of a 5pm RNS .
No morning RNS so sell and buy back in at 18
Easy way to make a min5%
Will continue like this until a major buy (leak)
Just have to ride these drops and don’t take much notice
https://mobile.twitter.com/Premafrimin/status/1485577643684765701?cxt=HHwWioC9od-_6p0pAAAA
Can't see that kind of rumour shifting the sp enough to make it worth trading. It could be that our new COO is beginning to make his mark though... and I would take that as a positive!!
Redtrade -personally I'm hoping the SP takes a nosedive for the next 30 years. Then I'll really be able to load up on the cheap and have a stack for of shares that either that my kids can inherit. Then hopefully it can stay at those low low levels for another 50 years so my kids can also load up on the cheap so that their kids can inherit a real tonne of PREM shares - ad infinitum
What a ******* stupid thing to say. As is anyone saying "the whole market is all red". Never works the other way round.
Red, load up on the cheap ? We have been loading up on the cheap for the past few years ...
The communication from Prem is diabolical so we could be waiting a long time !!
In the meantime we are left to guess at what might be happening.
Ps the Telegram group is open to all. I’d not believe 100m shares is enough to get into the Pandora WhatsApp group you speak of - but I heard this rumour from Noel on the Prem telegram group..
Surely that's counter productive. It would negate any progress made by SGS and the process starts again? Surely?
I agree Adam so many rumours, i guess it’s a good rumour so we can load up on cheaper shares before the news comes, I still stand with my guess of the first 2 weeks in February we will get some news :)
This is just a rumour unless it’s confirmed by PREM, so wouldn’t get too angry…
Message from Noel in the telegram Pandora group:
"SGS been set a deadline end of this week or prem will go somewhere else"
So here lays the problem, why do only a selected few know about this ? It gives them a chance to sell then buy back cheaper. This is why I'm furious with the Pandora group which snowking is part of. The problem lays with Mr Roach.
I thought we would lose all gains made from the rise on Friday, we need those lab results to give confirmation to the world what we really have, until then we will just stay around 0.18p
Sp has just dropped 7% are we in for some bad news ?
One would hope that NH will turn his attention to Prem and Zulu soon. Atlantic Lithium seems to be sorted and is up 50% in the last month. If he can do a similar deal with Zulu then the sp should rocket.
Steward,
I have no doubt if MNH and RHA were put to bed the SP would be in the 0.25 -0.30 ballpark. With RHA I imagine there is a certain amount of political posturing - GR has to be seen to be doing or wanting to be doing something with it. It is also clear he is emotionally attached to it and wants to prove everyone wrong. My preference would be to get it sold ASAP for a few £m if anyone would pay that for it. MNH is just mind boggling. GR stated in London PREM is an exploration company and doesn’t have the skills needed to develop mines. Two or three other parties have tried to make MNH work and have failed. With PREMs track record I don’t think they are in a better position than others to bring about a change with it.
Having seen his CV, I believe the COO has been brought onboard for RHA more than Zulu though I really hope I am wrong.
I’d have serious questions about what value Neil Herbert is bringing to the party. He seems very busy with his other lithium and REE interests.
Fingers crossed for some results. If GR is intent on selling a few percent, having the assays will be the difference between doing a deal and doing a good deal!!
Bickmaster
Johnny/Welshy - thanks for your views. Totally agree that RHA and/or MNH will muddy the water and I do hope that they will be put to bed. Pleasantly surprised that there's a scenario where you see the sp trebling this year! Personally, I'd be hoping for way more for 10% of Prem!
Well put, Bick - of course, it would be difficult put a value on how much the sp has been dragged down ALREADY due to RHA and MNH (and Zulu delays) but I'd suggest that it's already in the 10's of millions. I take some comfort that the likes of JG are exerting their influence... not sure about SK's group... if it's true that they now hold over 50% of the shares then they can clearly wield some influence over GR!?!
Hoping for a good week this week though!
Welshy,
Based on your assumptions in your earlier post, the acquisition of MNH and RHA would see SP drop from 0.6p to 0.4p, which in effect means they will knock £40m of PREM's market cap. I would agreed with your assumption based on the SP being 0.6p at that time.
In the event any further % of MNH or any monies being spent on RHA before the SP assumedly increases (assuming we actually get some results in the next week or two), I imagine the SP will drop back from the current 0.195p to around 0.15p.
Either way, the acquisition of or further investment in these phenomenal value adding projects (we need to remember GR told us MNH is potentially profitable) is likely to cost shareholders much more than just the price PREM pays, it will also hit them significantly in the value of the shares they hold.
I remember going to the London meeting on the 20th October in the expectation results from some of the holes would be provided. We are now over 3 months on and all we have had is that single hole. What a shambles.
And snowking, that you for predicting that you will no longer be making predictions in your earlier post. "Please don't take this is my prediction news is coming next week as i don't think it will be next week , as i have now given up predicting , but 2022 Q1 should be superb".
Bickmaster
I'm not going to predict the months ahead, it's obvious GR is intent on buying MNH... even though the 2mil spent to generate income for PREM never materialised!!! I don't have a problem with RHA as long as the funding comes from a JV/offtake.
If anyone is to invest in Zulu for a small percentage, that money will be... ring fenced.
Wolf
Steward - my opinion, for what it's worth, is we will get a handful of assay results released early Feb and a small deal following shortly after. I don't think we will have another placing and I don't think results are being "held back" because of poor grades. This should increase SP to around the 0.5p mark. What happens short term after this depends on RHA and MNH. I'm not confident of a regular stream of results after this, so a lot will also depend on if the snail can speed up a bit on all fronts. If RHA and MNH are left alone, I am hopeful of 1p on completion of DFS - possibly more if the extended EPO area shows potential. All just IMO.
Welshy69 - your (personal) prediction of selling 15% for 10m (is that pounds or dollars). Best case is it’s pounds, which if you are talking about the whole of PREM, that’s equates to an equivalent market cap of £66m, and a share price of about £0.0033 - sounds a bit cheap to me?
We were given good grades a few months back, more overdue and new mapping of the area. I’m holding.
Morning Stew,
My thoughts as of today - please note this is on current sentiment and taking account the constant delays and pi@s poor communication .
I believe we will fail to announce a deal by mid feb ;this in turn will mean we will see another placing ..
( Keep an eye open for those 50k sells at COP ..)
£££ from last one will be running low so
GR will need additional finance to continue exploration works .
I just hope he decides to do it when SP is at peak and not the usual 0.17-0.18
This injection of money will put Prem in a stronger position to continue dialogue, ultimately with a deal being signed by mid March.
I can see us selling around 15% for 10 mill if test results are no better than original scope (just my own opinion before anyone jumps down my throat )
60% will be used to complete works with the remaining amount being used by GR to fulfill his dream - this action IMHO will cause the SP to lose most of the gains .
Hand on my heart I don’t see us hitting that 1p soon..
I see us getting to 0.6 Peak , then he will announce his acquisition of MNH and SP will drop to 0.4 ,over the remainder of the year we could if all being well with rest of exploration push back 0.8 by COP 2022.
We all know Spod prices and all that , but we are only worth what someone is willing to pay.
Above is just what I think , if we get verified result that show high quality , high % then it
Could break that 1p quite easily .
Have fun all , off to Ogmore for a walk !
Awesome thread. I agree SK, we will see someone put money into PREM this year, also because if we don't, GR will have succeded at being an explorer but failed as a business man (which has happened before). Plus all of us investors would have failed as that external investment is the only thing that will really make this SP move.
Let's stay positive, let's be careful with specific predictions but surely this must be our year.
Q1 accumulate, Q2 watch it pop if investments come in.
1p looks tricky but it is achievable if cards are played right! C'mon Zulu!
Steward1 well said