Member Info for ACKER

Expecting a blue day today followed by an RNS tomorrow.

Acker

Down

$8 at $1134

Acker

I will give credit for a good interview.

Talking about it and doing it can be very different.

Have been down this path so many times with George

The newbies are excited.

Acker

Steward1

I would go now and go big.

I hate having accumulating debts in the shadows. Take the plunge, the SP will be destroyed but it can quickly recover.

IMO he may move this week.

Acker

Cringsing

I don't believe the CEO "conned" the shareholders, I believe production, including nameplate will be achieved.

I still believe he made an error in not asking for double the amount at the last EGM.

Acker

El-Gelboy

Your post has merit, I can also see a situation where Canmax takes all Zulu production in repayment of the advance agreement., however, I would limit Canmax to taking only spodumene from Zulu leaving Prem to exploit the other minerals at Zulu and receiving revenue from the Canmax/Prem venture.

Should Prem increase output at Zulu and the price of spodumene increase that would help. I must agree that on the current form, Prem has no chance of making any tangible inroads in clearing the advance payment .

Acker

Martinigirl

I agree with you, the Stark fiasco would take years to sort out, is the CEO totally blameless????

I also agree that a further EGM looks certain, another 5/10m to cross the line.

Acker

Cringsing

I take it you have or are about to jump ship.

Acker

Botuney

IMO the drop in sp affords a magnificent opportunity to purchase Prem shares, the dilutions may make them cheaper still.

Working from this base the % return just over this year could be and should be quite outstanding.

Acker

Aim Higher Still

There remains plenty of profit in Premier, more than most on AIM.

Acker

Bridgedogg1

Difficult to calculate but will offer a guesstimate:

Price per tonne after Canmax discount applied $1100

Cost of production $800

Margin $300 per tonne

Nameplate 4000 tonne

Acker

Hasiba

That's a strange introduction, I was actually outside planting out onions when the market opened.

I would not be full of praise I would be posting" care and caution " about the forthcoming dilution.

IMO the RNS was fodder for the plebs,nothing of worth.

Acker

Yes the next dilution will be very expensive, using up many shares.

I am sure the Internet will help with the current price of SC 4 etc

Yes I agree that a share consolidation will come but not until next year ,IMO

Acker

The market is showing no interest in the content of RNS.

Bring on the next one.

Acker

Radika

Yes it has been a very long journey for the few.

IMO Canmax will offer further finance for more shares and will extend the repayment dates.

George could do with another 5/10m

Acker

Gazza4563

With respect, I have been sitting tight far longer than the majority.

The company is running on fumes and accruing debts daily, you won't rectify any faults if the bucket is empty.

Acker

Gazza4563

The commercial side never goes out of the window, it is the whole essence of the Zulu mine.

I am feeling rather disappointed with the RNS,the company called in world experts over 5 months ago. Others have joined the analysis team and faults are still being drawn from the project.

I remember the CEO last year stating that the Prem crew was taking a more hands-on approach and closely monitoring progress.

DOES ANYTHING WORK TO SPEC AT ZULU.?

It appears that once again I am going to move my targets.

God knows where the finance will come from to keep the lights on, betting on yet another EGM

Not looking good for my 1000 tonnes in May and nameplate in June.

What a mess.

Acker

Al4x

Save the torture, just sell, and move on.

Acker

Pleased to report:

Spod price 1143 + 8

Acker

Bridgedogg1

Production is, of course, the ultimate goal, however, there is an intervention period where production revenue will not be sufficient to "self-finance" operations.

Until sufficient revenue can be generated the CEO will, IMO, have to plug a hole in the region of £5m

Acker