Member Info for Bickmaster84

And the worst thing was the majority of the hoodwinking was done by the person in charge of the LTH shareholder group.

No wonder he doesn't come on here any more.

Neil Herbert needs to up his game.

£20m spent and PREM is reduced to sticking up photos of panning for artisanal gold to pump the share price. Neil Herbert needs to take control asap and GR needs to retire to the very nice hunting lodge he bought for himself with our money.

Interesting how Napom doesn't post on here any more but Jonjo has a very similar posting style... It is almost as if they are cut from the same piece of cloth...

So GR says the $1.9m given to MNH for 19% was to buy new plant and equipment, even though the valuation of MNH at $10m was based on a discounted assessment of their Plant and Machinery which was valued by Bara at $22m. In fact MNH have so much P&M they were going to send some to RHA. But they needed the $1.9m from PREM for P&M. Also interesting to know they are doing ~4,000 tonnes per month.

As for RHA. Great to see we have an offtaker willing to provide $1.7m to a mine which has no track record of delivery in a falling market with softening prices where the bigger players are cutting back production. Does that make sense to me? It makes about as much since as spending $1.7m developing the underground resource at RHA when GR has previously said the shaft was installed in the wrong location.

As for the XRT. Diamonds....

As for more acquisitions... Gold...

As for the EPO.... Soon....

This really beggars belief. He is taking a leaf out of BoJos book and making it up as he goes along. I am really disappointed Neil Herbert isn't facing up PREM and taking more of a lead on these matters.

Bickmaster

Another very disappointing RNS. I had really hoped Neil Herbert would have taken a bit more control and stopped GR from issuing such tosh to the market.

Matt,

Neil Herbert has been in his new post for about 2 and a half weeks. It wasn't so long ago that you were one of the most rose tinted on here. Now you are making references to fraud in your posts. Calm down man!!

The only think we know for sure is that you are as changeable as the weather.

Fair shout Mal,

The standard of posting on here has descended from an already low bar. The lack of news flow doesnt help and I am hopeful Mr Herbert will have some good news for us shortly.

My views on PREM are clearly set out in my post of 06 Jul 2020 14:12 which you have previous acknowledged and I have reposted below. Still opportunities here despite the obvious risks.

The negative sentiment here is very understandable, especially for long term holders. Indeed I have been one of GR's harshest critics over the past few years, so much so that Napom threw me out of the highly influential shareholders group he heads up. However, the fact that the Gazette is dealing with EPO's again is a major positive and was very unexpected and welcome news last Friday, especially given the state of the economy in Zimbabwe. So in my view PREM is a logical play for new investors who could easily see this 2-3 bag on the right news. I would be hopeful (note I say hopeful rather than confident) PREM will see a SP of 0.15 before is sees 0.05 and it could go much higher if the EPO comes through which could be the accelerant for more good news (e.g. JV or new TR1 as the automated trades are continuing so there may well be someone approaching 3% and waiting for the right news to press the button). I have nothing but speculation to back this up so newbies beware!!

AIMHO Bickmaster,

Does anyone else think Jonjo may be a the second profile of someone else who also posts regularly on here and on twitter but has been fairly quiet over the past month? I imagine the members of the shareholders group agreed not to post on here, hence why they have gone quiet recently. But perhaps one of them wasn't able to take a break and started using his alias as he wasn't able to take a nap from posting?

The negative sentiment here is very understandable, especially for long term holders. Indeed I have been one of GR's harshest critics over the past few years, so much so that Napom threw me out of the highly influential shareholders group he heads up. However, the fact that the Gazette is dealing with EPO's again is a major positive and was very unexpected and welcome news last Friday, especially given the state of the economy in Zimbabwe. So in my view PREM is a logical play for new investors who could easily see this 2-3 bag on the right news. I would be hopeful (note I say hopeful rather than confident) PREM will see a SP of 0.15 before is sees 0.05 and it could go much higher if the EPO comes through which could be the accelerant for more good news (e.g. JV or new TR1 as the automated trades are continuing so there may well be someone approaching 3% and waiting for the right news to press the button). I have nothing but speculation to back this up so newbies beware!!

Bickmaster

AIMHO Bickmaster,

Wolf,

Agree re squandering $Xm on Circum thus far. Not to mention all the money waste at RHA. I won’t mention the Timber and Limestone; oops.

As for not having the gaul to go for more Circum, I hope you are right but I don’t think he would have provided so much information about the pref shares in the latest RNS if he wasn’t considering buying them. We have seen in the past that Dattels pulls the strings and GR is his faithful lapdog, much to the expense of PREMs long term holders.

Snowking,

Any views on Circum preferences shares?

I’d be delighted if you are right. However given the current news flow from Zimbabwe I would be less optimistic of getting news in the next few weeks than over the past 9 months since October. https://www.google.co.uk/amp/s/www.aljazeera.com/amp/news/2020/07/zimbabwe-govt-shuts-stock-exchange-stabilise-currency-200701135514200.html

https://uk.finance.yahoo.com/news/zimbabwe-security-forces-sideline-government-125237995.html

The only hope I hold out here is that I have doubts Neil Herbert would have gone near PREM if he didn't think there was some opportunity to turn this around.

The biggest opportunity is EPO. If we can get this it paves the way for a JV. Indeed it is likely to be the only way for the PREM SP to actually increase.

MNH, I am not sure about this and have doubts that if PREM sees any money back from this it will not be for a few years. There is obviously the MNH takeover/RTO discussions also. I am not convinced. Others have tried and failed. And the fact that they are only doing 5500t doesn't help. As for the Bara valuation, don't get me started on that.

Circum. I believe this should now be a damage limitation exercise. The biggest risk is that GR/NH decide to go after some preference shares. We are seeing how long it is taking to churn through the shares issued to MNH at the moment. Under no circumstance should PREM be seeking to issue another few billion shares to go near Circum.

RHA - dead duck. Has never turned a profit and anyone who thinks that reopening the mine to process 30,000 tonnes of tailings is a madman.

I believe there are still opportunities for a significant increase in the share price. However there are also significant risks of further share price erosion because of more shares coming into circulation along with delays in the EPO process.

Fingers still crossed here but I wish I was buying in at current levels (soon to be 0.06 I fear) rather than holding a 0.24 average.

Bickmaster

Exmex

He could dream of it as much as he wants but it isn't of any use as it operates in South Africa.

Matt

You were one of the major rampers on here until about a month ago. How come you have changed your tune so much?

Graham

I wish I had some of what you're smoking.

Bickmaster

Jekyll.

I'll have to disagree with you on that one. The vast majority of the blame at PREM has to sit with GR. He has had the best part of £20m over the past 6 years and the company is now worth less than when there were 350m shares in issue. If he was a consultant it would be possible to try to take a claim against him for negligence but unfortunately he is a director so no such luck.

2 bags and I break even. Would be more than happy to see 0.25 and get out. Even if we saw 0.20 I would probably take a loss.