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Well hopefully there's enough death spiral on this latest installment to cover incredible George & the rest of the BOD wages for August and possibly pay the auditors so as we can all see how deep the cesspit is based on last years truly stunning waste of a year.
Roll on the accounts and the next instalment of one of the biggest joke companys' on AIM.
What is really galling is that they are called 'investors' rather than loan sharks. We, on the other hand are correctly designated as 'mugs'. I sold out a week or two ago at great loss expecting it to fall back to 0.02 and see if I can trade it. Might not bother though as this company is as you call it a cesspit.
Warned lol we all knew they would convert at some point . Will pic up a few more on the dip thanks
Glad I made you laugh, GL with picking up more .theres plenty to be had ,in fact there’s 13 billion now so fill your boots ...
would be good to get an RNS that wasn't either getting a loan to cover GR's wages or news of said loan being converted to shares.....seems like that's the only news we've had since we raised the share cap (aside from buying more land in Zimbabwe thats already been pilfered by locals). Can anyone remind me what is happening with any of the assets? Anything? Other than waiting for the EPO what is the PREM team busy working on?
Have given up any hope on this one and my money in here.
Just waiting for the RNS telling us about the delisting and the ****roach enjoying his retirements. Grabbing all the cash he can get was his target from day one it appears, not to reward investors.
Heading towards 1% of what the shares were once valued at. What a shambles. I’m expecting a RNS on Friday... to tell us the company has acquired a goat farm in Lesotho as part of its drive to diversify its portfolio away from Zimbabwe. Accounts are due soon, will be interesting to see what the admin expenses are like this year. The only way GR can redeem himself is to announce he is stepping down entirely and Neil Herbert is taking over. But we all know that won’t happen. We need to see more from Neil Herbert.
B84 - we've had the pleasure of NH now for the best part of a year. If he had any nous or wasn't part of the clique surely one would have expected action by now. Just looks like another follow on stooge like KM following DL at KDNC (ex REM) ..... AIM is full of these types of companies, the trick is to spot which are POS and which aren't, this one definitely is.
Not sure that having NH at the helm would solve anything here.
All the promise of lithium here there and everywhere is total bull**** until you have funds to drill out a good resource with good grades. Over the past 30 months , Liontown Australia (ASX:LTR) has gone from 2c placing to just under 20c today ! Difference is that the market rates both the management and their spodumene deposit very highly compared to the clown at the helm here.
Of course having NH at the helm would make no difference, just a different parasitic suit would be the most likely outcome. He's hardly done anything to change anything in his role of non exec chairman to suggest otherwise.
what is even more galling is PREM need cash and have got to such desperation they're paying BOD and management shares in lieu of salary while buying unproven/illiquid non performing assets issuing more shares.
Then PREMs due diligence doesn't spot illegal mining and they have to spend more cash to go there/secure the site.
Then we get a fairytale RNS of Gold everywhere, when we got shown a dirty bucket with zero gold.
The gold sample RNS of this will probably come back to us in April 2024.
His magic we're going into gold production to stifle the SP fall while he could umm and ahh over what **** he is going to buy next and just where will he get the next placing from actually worked for a bit.
i could be very wrong but i don't see ZULU EPO at all this year and it could be doubtful because PREM has no cash and isn't a competent partner to be mining in Zimbabwe as shown by the RHA fiasco.
anyone know when they're going to pay themselves and a heap of consultants again?
their last time jolly up of 390m shares @ 0.09 this time around will be closer to 1 billion shares to pay them for sitting on their arses buying up someone elses unwanted assets.
Wow Eddie you could get a job with Perm with carp like that coming out of your rear end, 22 posts in last 30 days hardly counts for entire life. If you're well under water on this no sympathy from me as sick to death of the ramp BS brigade who have spent the last 4 years trying to close anybody down anybody who isn't uber positive. If it smells like a POS, feels like a POS, looks like a POS then aside from being a POS on AIM it can also provide awesome trading opportunities for the patient and I have that in bucketloads which at this moment in time is far better than having a bucketload of Prem shares.
he still has to convert his $200000 loan at 10%
https://www.lse.co.uk/rns/PREM/loan-funding-and-corporate-update-mohpwl1kipiyt2a.html
you watch this kid convert it at 0.02 like he had a lets screw the SP up plan while loaning the company money and getting shares issued for wages.
He's like JR Ewing to shareholders while bringing the Cliff Barnes role to mining.
Every RNS is a dressed up fictional drama like Dallas. The only winner here is GR.
Where's Kristin when you need her? Maybe we could start a new cliffhanger... who shot GR?
Plenty of suspects... :)
Not advocating anyone should actually shoot old George you understand... purely in fiction!!
I remember suggesting that in the twitter group previously. Issue loans, drive the SP down, then convert at low SP to get a shed load of shares and then driving SP back up. A great plan if you can get the SP back up with EPO news or similar.
Wheres Napom and the ramping crew gone? Still think this will fly?
Nice to see a sea of blue atleast. I hope GR pulls his finger out and actually delivers something soon.
A sea of Blue?
Yeah awesome buying, £1.90 here, £2.50 there!!
H11 - hilarious isn't it, you can smell the desperation of those underwater. They're going to love thr near 12M of sales at 0.475 about to show up here. Lord knows what they'll think when it's the 0.3's after the next load of death spiral funding and the accounts publication.