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As expected. Onwards and upwards

GLA

GoldDuck,

Good posts

Martini,

Progress not made? That’s a strange take considering the Managing Director just outlined multiple improvements, including increased recoveries from the optimisation work with the OEM. You’re twisting words again. “Up to 4%” grade doesn’t mean “decreased,” it’s a reflection of current concentrate grade during test runs, which is still being refined. It’s a process, not an obituary

You say Graham “clearly has no idea what the problems are,” yet the RNS specifically explains that the issues with flotation, recoveries, and flow dynamics are understood and being managed with technical input from the OEM and site trials. That is understanding. That’s how optimisation works. You don’t magic a plant into perfection overnight

As for the raise, the fact you describe it as “just paying salaries” tells everyone you’ve never been anywhere near an operational mining project. The purpose of raising funds during optimisation is to cover working capital and ongoing improvement, not to settle every legacy liability instantly

And your “Canmax long game” fantasy? Please. If Canmax wanted the asset, they’d have pulled the trigger a year ago. The reason they’re still involved is because they see value in Zulu, not because they’re waiting to swoop in on a corpse

Every time you post, you dress speculation up as insight and then pretend it’s fact. It’s transparent, it’s tired, and it’s not fooling anyone

GLA

Excellent interview with Graham. Lots of detail. Mark did well and asked good questions

Glencore happy with the resource after a site visit

Interesting, Graham said that they did a blast this morning in the EPO area so the next run of the plant will be with ore from the EPO area which he says is very clean and very good ore

GLA

Https://youtu.be/6C9HDTfog2I

Great work by LSE Admin today, let’s hope it continues

GLA

Shark,

Also wondered this, asked AI

When a share consolidation takes place, the company’s shares are technically considered new securities

That’s why both identifiers —

• ISIN (International Securities Identification Number)

• SEDOL (Stock Exchange Daily Official List code) must change

These are unique identifiers used globally to track and trade shares electronically. They ensure the new, post-consolidation shares are recognised as a different instrument from the old ones

Why this happens:

1. Legal + administrative accuracy:

The new shares have a different nominal value (10× higher) and a new structure, so they can’t legally keep the same identifiers.

2. Avoid confusion:

Brokers, custodians, and systems like CREST need a clean distinction so old trades and holdings don’t mix with the new share line.

3. Compliance requirement:

It’s a standard rule under ISIN assignment — any corporate action that materially changes a share’s structure (merger, split, consolidation, etc.) triggers a new ISIN/SEDOL

JPC,

lol

Martini,

Thank God you’re here, you and Jag. Honestly, how would the rest of us ever cope with these terrifying acronyms without you swooping in to explain them? SAMREC, JORC, EPO – all so complicated, thank you so much for saving us from our own stupidity, once again

Now, onto the rest of your masterpiece

The interim accounts? Nobody expected them to look good – PREM is building and optimising a mine, not a corner shop trying to show profit every quarter. Losses while developing are normal

Funding? Of course funding will be needed, that’s how mines are built everywhere in the world. The difference now is we’ve got an OEM-backed optimisation programme delivering improvements and serious offtake discussions underway. That’s a very different picture to the doomsday scenario you keep pushing

Share consolidation? That was conditional, never a certainty, and not the magic “confirmation of failure” you keep pretending it is

As for your “clever distractions” line about the resource – no, that’s not a distraction, that’s the foundation of the whole business. Without a resource there is no mine, but Zulu has a large, compliant one with expansion potential. That’s the very thing investors look for

Thanks for the acronyms lesson though – riveting as always

GLA

Hammered,

Spot on 💯

15:45:00 0.025

250,000,000

Unknown*

62.50k O

Nelly,

Yes, hence the stalemate for years

Biglad,

RHA Tungsten Mine is 49% owned by Premier African Minerals, with the remaining 51% held by the Zimbabwean Government through the National Indigenisation and Economic Empowerment Fund (NIEEF)

Prem has been trying for several years to secure full or majority ownership, as George Roach has often said that operating as a minority partner is difficult. Around US$20m has already been invested in RHA over the years, the majority of it by Prem shareholders

We should hear how the latest, and hopefully final, optimisation has gone at Zulu

Looking forward to the update and the StockBox that follows. Hopefully we also get news about a tantalum circuit, with an offtake partner funding that circuit

And an update on the RHA site visit, with a view to getting the project up and running, and cash generative in the near future

Feels like it could be a very positive week

GLA

Martini,

You keep repeating this nonsense about the plant being “hand fed” but let’s get the facts straight. The company itself has confirmed to me directly in writing:

“Until we replace the ore sorters Stark supplied that are not fit for purpose we manage this with visual ROM pad inspections.”

That means exactly what it says, material is visually inspected at the ROM pad, not “hand sorted and fed into the plant.” This myth you and your pal have been pushing for months is simply false

If you want to criticise, at least base it on reality. The real issue is the equipment Stark supplied not doing the job, and management have already explained how they’re managing it until replacements are installed

And while we’re on the topic of research, your posts accusing others of “poor research” are laughable given that you’re spreading misinformation about the plant yourself. Maybe check your own “research” before pointing fingers, it’s clearly worse than what you’re criticising

So, no, the plant is not being “hand fed” and it’s about time that particular bit of fearmongering was put to bed once and for all

GLA

Clueless,

I’ve reached the point where I’ve had to formally contact LSE Admin regarding the conduct of the user Jaglith

This individual has made over 3,400 posts since July 2023, almost all of them exclusively on PREM, and almost all relentlessly negative. In just the last 30 days he/she has posted 218 times, pushing out the same misleading, fear-mongering narrative over and over again

He/she contributes nothing constructive, posts on no other companies, and this activity clearly isn’t normal for a genuine investor. The sheer volume, coupled with the one-sided negativity, has effectively taken over this board

This is not debate or opinion, it’s systematic disruption and misinformation designed to undermine confidence and drown out balanced discussion. It has reached a point where many of us feel this board no longer serves its purpose

I have asked LSE Admin to review his/her activity and take appropriate action

Biglad,

Spot on

Jag,

Busted! I didn’t buy at 0.012 as I claimed! Actually it was 0.0119.. but still 117% up

https://postimg.cc/xqTmdkFh

Jag,

You’ve spent months claiming PREM would go bust, dilution would wipe us out and the share price would hit 0.005. Wrong on every count. I bought at 0.012, the share price is up 117% since then, and you’re still spouting the same rubbish. Maybe check the chart before embarrassing yourself again

Jag,

Are you for real? How was it different? Well, for starters GR wasn’t even there. Did you not spot that? The clue was when Mark said today were joined by Graham Hill…

So answer your own question, it was completely different because GR was not involved, umm because he doesn’t work for Prem anymore… Try to keep up

GLA