Member Info for ACKER

Snowking--if the price continues to rise than CEO will sell Zulu after the DFS results are published or there will be a corporate
re-organisation which could involve some kind of merger or takeover.
Remember CEO saying "Everything is for sale at the right price"
It is not so long ago that the CEO was willing to part with 40% of Zulu.

Regards

Acker

If,as you all have been reporting,the drilling rigs have been operational then Prem should be collecting numerous core samples this week.
With the introduction of on site testing expecting first drilling RNS late Tuesday /Wednesday.

Acker

Expecting the SP to rise today.

Some cheap shares yesterday morning.

Good luck everyone

Acker

Don't think remarking on someones weight is an insult..it is an observation.

Glad you are pleased with all that is happening at Prem.

Acker

Gosh--George has put some weight on.

Acker

Steward 1 yes I agree.

The "merger" "takeover" may mean an adjustment to SP..however agree in principle.

Regards

Acker

adam2479--how do you define a "nice buy"

Acker

Dattels will become a member of the board.

Acker

Ha! ha!--almost.

Acker

Result testing on site is a great help .
Still have to be sent away for verification and this could cause delays.
Only when the results have been verified are they worth anything to 3rd parties.
On site results will save money over the DFS programme.

Acker

Acker

Steward 1

On the question of MNH and it's financial position I can only assume that the offtake agreement included in RNS 18th June 2020 did not materialise or the amount was reduced.

Quote

"Commenting, George Roach Premier CEO said, "The offtake partners have confirmed to Otjozondu that they are reviewing the existing uncommitted credit facility with the intention of increasing prepayment for manganese ore in two equal tranches each $300,000, in the ensuing months. This planned increase in offtake finance will ease funding requirements associated with increasing the mine production rate and help fund the lead time between production, shipment and final payment on outturn at the destination port."

I agree with you,MNH will not repay the loan in cash--further shares will be made available.

Acker

From RNS

"Whilst Covid related issues have impacted shipping to a much greater extent than expected, it remains an imperative that Premier continues to explore a basis for increasing its control over the operational management of this mine. "

CEO wants MNH.

Acker

Just in case this was missed by some.

Extract from yesterdays RNS

"As further reported in Note 32, Premier has agreed to provide Otjozondu with a small working and expansion capital facility. "

What a mess.

Acker

steward 1--you can understand now why Napoleon want 100% control of the finances;had he entered into a JV the backer would have curtailed his empire ambitions.
I said it in a previous post..CEO will walk Prem back into a right financial mess.
The management of Prem is run by EGO.

Acker

It will bounce back as traders pick up shares.

cker

Thank you market.

Acker

And the initial market reaction ???

Acker

Would have thought CEO would have said "rigs on site and operational"
Having studied CEO's RNS for many years one has to read his reports with great care hence "multipurpose drilling"
it may not mean what general investors think it means.

Acker

Reading the RNS again IMO drilling for geo core samples has yet to commence and the camp is not yet fully operational.

Acker

Anyone wish to inform the BB about the meaning of "multipurpose drilling"

I note that the RNS states that drilling rigs are on site [not operational]

Thank you

Acker