Member Info for ACKER

EPO--odds on.

Is that correct--no trades after 15.20pm?

Getting near Xmas chippyjo--be careful.

Jeremiah99--exactly "Use it or lose it "
This is where I would like some of Circum money to go .
Get the assets working.

CEO--there is no need for George to cash out.
He will be retained as a consultant on a very,very nice fee.

Wolf--with you 100%
So many companies become unstuck due to cashflow problems
It would,imo,be financial suicide to send the Circum fund outside the company.

NaPom--this is how I see it:
After years and years of struggling with cash flow,years and years of dilution,more dilution and even more dilution Prem is granted a lifeline should Circum IPO
CEO has made it very clear that he wishes to take Zulu to DFS and develop thereafter,he has intimated that he wishes to review REE potential and has taken on Cunningham with the sole responsibility of finding new companies for acquisition by PREM.
So CEO is sitting there with 5-6 m--your saying that he will just give all this to share holders.
I'm saying --no he won't--he will put Prem into debt prior to IPO,using Circum shares as collateral.
Now do you understand ?

Napom--read my post--the answer is there.

NaPom--suggest YOU read again the offer put out by CEO.
Any dividend etc will be paid to shareholders AFTER the company has cleared all debts.
Anyway, the dividend is only one proposal--there are others.

lucky--thank you.

......shareholders will not .....

Wolframite-re your post at 18.07 yesterday.
I am not convinced that shareholders will get the dividend bonus they all crave.
If you were George would you give shareholders a majority slice of the Circum windfall or would you retain the funds to help develop Zulu ,develop Kat with its REE ,acquire new mines and for once have ample liquidity within the group.
IMO George will mortgage Circum prior to any eventual IPO .By doing this he will not have any residue funds for distribution.
After all the years of struggling with liquidity I cannot see him giving Circum to shareholders and on this occasion i would agree with him.

One down--bring on the next.
Next RNS needs to be accepted by the market.
No re-rate on this news.

Option 4

The retention by the Company of the disposal proceeds to allow Premier to investment into existing or new projects of Premier.

We are still awaiting details from Circum and details from Prem of the open option.
Prem will either run up debts prior to any IPO or will push for option 4 as below;

1. The Board of Directors would convene a general meeting at which shareholders will be asked to approve the disposal of the Circum Interest ("Circum Disposal").



2. Conditional on the approval of the Circum Disposal, Premier will first repay all existing debts and liabilities incurred in the ordinary course of business as at the date of the liquidity event of the Circum Interest.



3. Shareholders will be further asked to approve either of the following options to facilitate a fair and equitable distribution to Premier's shareholders of its Circum Interest;



- Direct distribution to existing shareholders by way of either a share dividend, share buyback scheme or such other scheme of arrangement that would be the most reasonably tax efficient for shareholders; or



- The retention by the Company of the disposal proceeds to allow Premier to investment into existing or new projects of Premier.

2857mal--if the TR1 notified shareholders that institutional investors had joined the party I would welcome the news as a vote of confidence,if however it is the same chappie stroking his ego cannot see much benefit to the larger picture.

" Let the market decide"
The SP is a reflection of the news--

IMO EPO= Newco

Moljen--thank you.
Would be interesting to have details of MH accounts for Y/E 30/06/2019--p/y loss.
passiton--i don't think you can compare[imo]

Am i missing something here--where on earth are we entitled to a MONTHLY income from our 10% investment.
Someone please explain.