Member Info for Bickmaster84

He needs to come good on anything at all. Something which he has failed to do in the past number of years. It is very much business as usual for PREM at the moment (no delivery, no communication and GR continues to get paid) and I hope GR wont use the current situation with Covid-19 to get one over on shareholders.

Page 7 would read a lot better if it had been written by NIEEF rather than GR!!

Nothing will happen by the 11th as it’s not the time to be playing the contract games with NIEEF until EPO gets signed off.

Magoo

Yes, we should be a lot wiser by the end of March. And hopefully it will be positive. And hopefully it will be March 2020.

Bickmaster

Acker

Agree with you on most things apart from raising the share ceiling to buy more MNH. I don't support increasing the stake in MNH and if they were to go down that route it should only be on the back of a higher share price to minimise dilution. All we have been doing for the past few years is bankrolling Dattels and we haven't seen any returns from this yet.

AIMHO, Bickmaster.

Agreed,

I fully believe GR is only doing some work at RHA to keep the Government happy while the EPO is being progressed. Once that comes through he should put a padlock on the gates at RHA and walk away. It has been the mother of all white elephants and the level of mismanagement by GR (whilst spending $20m along the way) has been phenomenal.

Bickmaster

Matt

In response to your 11.32 post.

RHA is a money pit. The projected operational costs are plucked out the air. I fully believe GR is doing work there at the moment to appease the Zim Gov and keep them happy until the Zulu EPO comes through.

Zulu is where the value in PREM is. However increasing the licence area by 57 times doesn't mean you increase the value of the asset 57 times. That's not how minerals are valued. The EPO will add a lot of value, though.

Circum, we've been waiting a long time. One thing I am 99% sure of is we won't see the dividend people are talking about. An AIM company in PREMs position shouldn't be paying dividends when they need cash for other things or to maintain equity when a bigger player comes on board.

MNH. I can't see the value there either unfortunately. I know the projections are big but I would need to see actuals before believing what has been mentioned.

But if we get the EPO on Zulu the others don't matter. It will then be a case of getting the right JV partner with cash for the right equity and doing a quick DFS over a small strike area, starting mining and making revenue while drilling up the other potential targets in the EPO area.

GLA,Bickmaster

2p, only 1500% from current levels!!

Give me 0.4p and I will be more than happy to get out with a few quid.

George is the most consistent CEO on AIM. Has consistently failed to deliver over the past 8 years. Another joke of an outcome today. Should be investigated for his comments in that interview earlier in the week. The transfer of wealth from PIs to Dattels will no doubt continue while he continues to draw a large and unjustified salary.

I imagine the next company meeting which will be open to shareholders will be an EGM.
I also imagine it will be held outside of the UK and GR won't want many shareholders turning up.
Lets hope GR at least has the courtesy of giving shareholders the ability to question him on company performance.

Charlie

Especially for you

percentagecalculator . net

Noel,

I give up. No point in even trying to explain things to you because you don't have the ability to understand. This is clear by your posts on here. You are PREMs equivalent of Donald Trump when it comes to being factual.

Charlie,

An increase from 10 to 40 is an increase of 300%.

An increase of 33.3% per month would be as follows.

Month 0 = 10k
Month 1 - 13.33k
Month 2 - 17.77k
Month 3 - 23.68k

I have an honours degree in Finance and don't need maths lessons from yourself or Noel.

Come on Noel.

10k tonnes to 40k tonnes is a 300% increase.

Yes, if they are currently producing 10k tonnes per month you should base your assessment on actuals, not forecasts. There is a reason they aren't doing 40k tonnes. It isn't easy to ramp up production by 300% in a short time frame. In fact it would be close to impossible.

Target projections and actuals are very different things.

No its not worth $650k in revenue to PREM. Thats not how companies work.

Napom,

Lets be realistic. They aren't going to do 40k tonnes so your projection shouldn't be based on 40k tonnes. You should base it on 10k tonnes. You are also looking at the revenue side only. I imagine the costs are likely to be significant, especially if MNH needed more $ from PREM.

Another question... If processing the tailings at RHA is economical now, why was it not economical back in 2016? Surely it cant all be down to electricity prices?

Final question. Who are NERA Consulting Ltd?

Bickmaster

More $ transferred from PREM to MNH. This is looking like it could be the greatest rinse of all time. I hate to say this but unless EPO lands this is going back to 0.03. 2 more days left at Indaba. George needs to pull the rabbit out of the hat.

Bigger issue is why GR is still doing sampling after sinking $20m already. If I was a sceptic I would say it is because he has very little else to be doing at the moment apart from waiting for the EPO and the sample will take a good few weeks (possibly months) and keeps shareholders at bay to a certain extent.