Member Info for Bickmaster84

iky

Fundamentals haven't changed in the slightest. Still here and holding. My target is 0.8p.

Bickmaster

With all these rumours of a TR1, I wonder where Mr. Dattels is at the moment.

I would have expected him to have been brought in on the rise by this stage.

Bickmaster

iky

They don't make good business partners and especially don't make good long term business partners. Their modus operandi is to get in, establish their presence and then kick you out. They are already doing this in Zimbabwe and there is a huge feeling of resentment towards them from the Zimbabweans.

https://miningzimbabwe.com/drive-the-chinese-out-mliswa/
https://miningzimbabwe.com/have-we-become-a-chinese-colony-or-equal-trading-partner/
https://miningzimbabwe.com/csos-red-flag-chinese-projects/

That's why I 100% view a 100% sale of Zulu as being the only option with the Chinese. GR seeking to enter a long term deal with them only adds to the risk as we know his levels of competence on smaller mines and deals - it is very unlikely he will be any better on a big deal.

Rio Tinto would be the perfect partner.

Bickmaster

I'd still prefer to see a 60-80Mt resource sold at Zulu, unless the JV partner is not Chinese. Then a JV would be sensible.

SP has rallied back very well from the blip this morning.

All depends on next RNS.

My target was 0.5p. It is now higher than that.

Bickmaster

Geezoir,

It’s impossible to tell and is largely irrelevant as it’s less than 5% of shares traded today.

Bickmaster

All going well here. Looking forward to another few strong days ahead and the next RNS which needs to be very positive. Only Zulu news allowed for the foreseeable as RHA/MNH news could have a significant impact on momentum.

Four more 10% days this week takes us to 0.73p. Confident that there could be a 30% - 50% day or better with the right news.

Bickmaster

2.5p and I’d be over the moon.

There's only 60m of those black trades which is less than 5% of volume so I wouldn't be worried whether they are buys or sells. My expectation is it may be some top slicing before the weekend which is understandable.

Great week here and it looks like there is a new base establishing around the 0.40 level. Looking forward to next week and a further rise. No RNSs needed now apart from the big one.

Good weekend all.

Bickmaster

Yes, solid interview.

Stockbox have tweeted that PREM are on the Research Talks Podcast later.

Bickmaster

iky

Some fear and a healthy degree of scepticism is a very good thing to have. Do your own research and don't be led by others.

There are a lot of ODX horror stories on Tw1tter today. I remember last March and April, Oranolio (Lloyd) who posts on here from time to time was telling everyone to invest in ODX. At the time SP was about 70-80p. Now it is 5p.

I've lost money on lots of shares where I invested without doing proper research and had no one to blame but myself. But I have also made money on a few and none of them hold the potential of PREM.

Fingers crossed PREM does well and I can turn my back on AIM.

Bickmaster

Wolf,

Holding 19m at 0.21 average. So currently up over 50% after being down 90% and approx £38k not so long ago.

Issue here is people think Zulu is too much of a cert for GR to mess it up. I don’t agree with that sentiment. I don’t think he has a clear strategy and is making it up as he goes along.

2-3 weeks ago my target exit here was 0.5p. Now I’ll only sell a portion at that level and will hold the rest in the hope of 0.8p - 1p.

Bickmaster

Bridgedogg

Thanks for your answer.

Am I pedantic? Absolutely I am. But someone needs to keep an eye on the detail. We need to remember GR sold Circum to his buddies for $1m and then pumped about $10m back into it via PREM shareholders to cover their costs over the past few years when he should have been DFSing Zulu. Hence why I am pedantic. Apart from the incompetence he has shown down the years, I don't trust GR. We have seen that with numerous assets and we are seeing it at MNH. And going into a make it up as you go along deal with the Chinese is corporate suicide when he could sell the asset for a clean break and give us a minimum of a 3-4 bagger from current levels and unlock the funding needed to progress the rest of the EPO area.

You can probably also tell I dont have much patience for Snowking's posts and lack of underpinning. He isn't the Pied Piper and I won't be following his rose tinted approach.

To paraphrase:

Snowking 'Today's RNS on Circum is brilliant'.
Bickmaster 'Please tell us why?'
Snowking 'Ask George'.

As for the Circum dividend... Don't get me started on that one.

Bickmaster

Snowking,

How does today's RNS 'make it far easier for them to negotiate a deal.' You can't just state that is makes things easier without providing a reason.

Bickmaster

Bridgedogg

How does consolidating the minority interests make funding easier? Honest question, as I can't see how it does.

I don't think the RNS was positive or negative. Just poorly written as the benefits of the consolidation should have been clearly explained in the RNS but aren't.

Bickmaster

Craig

Zulu is already set up as a company in its own right so the Circum RNS is entirely unrelated.

Bickmaster

Let's just hope he can do a better deal on Zulu!!

Am I right in saying PREM previous owned Circum and sold it for $1m?

It does make me wonder what value Neil Herbert is providing as PREM Chairman.

He seems to be interested in only three things.

1. Atlantic Lithium.
2. Trying to offload the MNH money-pit to PREM.
3. Looking after Stephen Dattels' interests.

Bickmaster