Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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George must have let some know that there is no production happening. Anyone claiming 1st shipment is just someone who bought this week and is now worried. They don’t know George just makes things up and puts it into an rns. Remember when he told everyone that MNH was shipping. And then he told everyone that there was an issue with the loading bay. And then he stopped talking about MNH. That’s George.
My guess is it'll hit 0.10 very soon.....
It will go much lower. The plant doesn’t work and George is just delaying admitting it. It’s like he just watched a YouTube video about lithium mining and ordered some parts with Stark and asked them to ‘connect the parts’. George knows the plant doesn’t work, that’s why he’s all of a sudden talking about rha. And soon he’ll be talking about gold sampling. Anything to keep the gravy train going
jag and bb do wind your short **** necks in zzzzz yawn! suggest you keep up with what’s actually happening on the ground or get a friend to read the rns out to you if you struggle with reading big words! imho dyor
Sharebel - guessing you bought this week, mistimed your trade and are now sitting on a loss. Don’t get bitter. It’s like those ads on buses. Investments can go up or down. With George is safer to short as they usually go down.
Jesus Jag scroll down a bit I re-entered here at mid 15’s lol I’m not worried in fact I will be buying more in a mo! I am sure the deep pocket ones paying 16 placing for big numbers are not sweating either! It is you and your cohort getting in a lather! Fantastic entry price for new entrants to PREM. IMHO DYOR
Sharebel, let's do that just to help people understand exactly what the RNS says shall we with a translation for those who don't speak GR:
1. "Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce a subscription" - We can't believe we got away with this again and nobody realised it was going to happen.
2."The Company provided a full discussion on the Zulu plant performance in our announcement of 8 May 2024" - The Company said some stuff 13 days ago about all the problems we're having but kind of promised 50 tonnes a day of product, now we're not gonna tell you if what we said was the truth or a lie.
3. "The Company expects that periodic updates will be provided on the overall plant performance until such time as a steady of state of continuance production has been achieved," - We will periodically tell you the plant still isn't working rather than commit to unrealistic deadlines of hours and days rather than the more realistic months
4." Premier expects thereafter to begin providing quarterly production reports for Zulu from Q3 of 2024." We might or might not be providing quarterly updates from Q3, could be Q4 or even next year, we don't rally know
5. "Inspections required as a prelude to export have commenced, and this precedes any export. We do not expect any delays in regard to export permits required" - we're testing some stuff to hope it meets a high enough quality to be exported from the country, we've no idea who would want to buy it but hope someone will. We hope the export permits we should have had over a year ago won't be delayed even though we told the mug punters it takes 3 weeks over 6 weeks ago
6. "This was confirmed in recent meetings with Government of Zimbabwe when the issue of RHA Tungsten Private Limited ("RHA") was also discussed and we are encouraged that there is now likely resolution of this issue. The rising price of Tungsten is noted". - Let's see if anyone remembers RHA and how I failed with that project and hope they cannot convert USD to ZWL but let's tell them W is going up in price even though we've never really sold any and don't have a mill at RHA
7. ", it will take time to fully remedy the original design deficiencies in the overall plant and move from what in many instances are interim fixes to the final operating plant." - its still not working like it should but we hope a bit of gaffa tape here and there will hold it together for a bit till we can find someone that knows what they're doing
8."replacement ore sorters will be considered thereafter. It remains our preferred outcome that the original supplier resolves this" The sorters don't work and we hope that the mug punters will think Stark will be paying for the new ones (that way they won't expect an EGM and more dilution)
I could go on but have to go to an appointment but you get the gist, little insinuations here and there with no real facts on what was expected production. More bluff and bluster
Shareabel - I heard the same thing last month from those that bought at .17. Thinking they were so so clever. They are down 10% in a month. A good entry price will be following the next massive placing at between .10-.12.
Oh. Did anyone see the KOD update. Projected 65 mil capex with an initial production of 125k/year. Using DMS sorting tech. George has already spent upwards of that, hasn’t produced an ounce, projected name plate production is only 40k/year and is only now getting around to ordering the DMS sorters but has no money to buy them.
Well, it will either show up as KOD deluded that they can build a plant nearly 3 times the size for the same price as prem spent. Or KOD pulls off a brilliant start up amd show just how bad GR has proved to be.
Time will tell
Personally I think the hype with KOD today is just that... hype. Wait until that new plant fires up. Would not surprise me if they have similar issues
Oh look. Even Sharebel 'I bought mid .15' is already down on his investment.
Jaglith, KOD sold half their asset to fund the plant. 125k production is actually half that in revenue to KOD.
PREM still owns it's asset 100%
Raaydaar, it's blatantly obvious you are Martinigirl, who has 'strangely' disappeared after being caught in a lie.
Why do you use multiple accounts to run PREM sentiment into the ground? What's in it for you?
Does anyone care if he is?
Keyboard warriors are all deficient!
You can talk lmao
Jag you seem obsessed with my position but I hate to break it to you but I bought more so my average is even lower than where we finished. There’s a whole heap of shorters here but I seriously think GR will have your guts for garters lads and ladettes (would not want to miss out MG lol). Gift of an entry. You know it and we know it and the deep pocket ii whose average is ta da 16 know it too. Top hat at the ready…for that rabbit! IMHO DYOR GLA
I reckon this goes back tomorrow. GLA.
I'm still here Nelly, on holiday in Tokyo and don't have anything to add that hasn't already been said by others. Rest assured I'll voice my opinion when I have something to say
Moanygirl I think I speak for many please dont rush weve heard it all before 🙄 this period of silence from u has been very enjoyable why riun it for the rest of us
nellyb, i'm invested in prem, and i want it to succeed as much as the next person. the fact is, things are not looking good with this gamble, and make no mistake, if it wasn't a gamble, you'd see a lot of big investors around prem.
having said that, if prem fails miserably and we all lose our money, and i realize this is a terrible thing to say: i will be a little less sad knowing that all you naïve little sheep who kept cheering george on while he robs a ton of people out of their retirement money, cry yourself to sleep because you couldn't be critical of a company you invested money into.
what difference does it make to you if some random person online is ****ting on prem? a lot of people who post here have been "caught" in a lie too, they buy/sell with inside information, i don't see un uproar about that. if you don't a post, ignore it. go join that telegram prem group and you can all pleasure yourselves while you wait for good or bad news for years to come. doesn't that sound more appealing than people "making things up" here, and being negative?
Yeah. Same this gamble. And tbh, most of my aim gambles, haven't paid off.
Worse, inc prem, I could heavy gotten out in profit.
Its why I'm no longer buying individual shares and just buying vanguard etfs. It's easier too and less hassle.
Still got quite a few stakes in various companies. But it turns out my buy & hold nature is just not suited to picking individual shares.
@tbob.
I'm so sick of these boards and the constant "if you are negative about prem why are you here?"
If I had listened to the negatives I'd not be sitting in a loss now.
This board is worse than a playground.
Will George ever be honest and come up with the goods. He is becoming more and more like Az on Syme the longer this goes on and the sp just gets lower and lower.