Prem Q&A & Media updates14 Dec 2022 23:19
My take for what it’s worth.
Prem announced a Q&A. It was bigged up as usual (RNS before Q&A etc etc) There wasn’t an RNS. A few questions and a few answers but no new information, no surprise there as this can only be RNS’d. It wasn’t helpful imo.
It’s been 2 months since the last official update. That’s too long with us just 2 months from production. There must be something! Even George admitted on the call that the drill on-site at Li3 probably should have been RNS’d.. It wasn’t and still hasn’t been but little point now I guess.
No RUS, no broker note or future earnings. No timescale for these either.
The company is tweeting media out of date, today we saw the feeder being “unfolded” despite last Monday via a zim media outlet showing it already unfolded and in place. Mind boggling. In addition one tweet from prem today was (month stamped) from November.
The twitter updates are much much better than before but still sloppy to say the least. There must be dozens of not hundreds of images / videos being held back for “sign off” at this rate we will still be seeing the build process after the plant is running…
I was told by the company that the delay in media was for stake holder sign off reasons - yet a zim reporter was invited to site, snapped photos and videos and posted this on twitter the following day. So where’s the sign off on that? Now are receiving backwards in time media in time from prem.
Still happy with my holding (7 years in) and holding for payday. Just prem just seem to make life difficult for itself with shareholders and the market.
Some strange posts on here today.
GLA
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