Member Info for Bickmaster84

No such thing as free equipment Matt. When has RHA ever produced a profit...

More smoke and mirrors from GR. RHA not operational and he is stalling with a Co-Operation Agreement which allows PREM access to rent some machinery which needs to be delivered from a thousand miles away which they must pay for. If MNH was such a phenomenal investment why have they machinery sitting around idle? I would love to see how many hours are on these machines!! The 5 ton bulk sample is the cherry on top. 7 years messing around at RHA and the man still doesn't have a clue whats in the ground after spending £20m+.

Do we know whether the NIEEF meeting actually took place?

You only need this to do 400% from current levels so. ..

Magoo,

So a 12-15 bagger in January. It’s the likes of you that lose credibility for this share.

The current price is the current price because nothing has been delivered this year, apart from GRd salary. There was a false rise in October and we are sliding back to where we were before it. I didn’t think GR could continually manage to perform worse year on year but he always beats my expectations!! I’m sure he will feel guilty over Xmas as he reflects on 2019 from the hunting lodge we bought him.

Sanity hasn’t prevailed here in a long time!!

luca

Hopefully you are right but the fact GR is doing the deal with MNH gives me little confidence. He has continually shown an inability to do a deal which benefits shareholders. Given he is dealing with his buddies on this I can't see the outcome being any different.

mike29

Here is a post of mine from a few weeks ago which sets out my views and may answer your question.

I think the EPO and JV have to go hand in hand and the paperwork covering this will have been already complete behind the scenes and is conditional on the EPO being signed. The Mining Affairs Board Criteria For Recommending EPO Applications requires that the applicant is a fit and proper person to obtain an Order and is of adequate financial standing to undertake such operations under an EPO (i.e. to take the area through DFS and on to production). I don't believe PREM, on its own, would have the financial standing to be able to pass this test. Hence why the JV is required. I assume the Mining Affairs Board will have needed PREM to demonstrate they have the financial standing and given GR's background and the current share ceiling the only way PREM would have been able to satisfy them is to provide documentary evidence that the EPO being granted is the sole condition on which the formation of the JV would be conditional (i.e. the EPO when granted would force the JV and the parties have signed up to that already). There is of course a question about whether this would require shareholder approval but I believe shareholders would not have any other option. I still believe there is a risk PREM doesn't get the EPO and it is given to a much larger organisation, though that would be the worst case scenario. This is all my personal opinion though I am rarely wrong. GLA Bickmaster.

Shame the directors couldn’t buy a few shares themselves.

Nope. And I don't think I was in the past.

The group haven't had any information from GR in the past few days. Apparently he is out of coverage. You couldn't make it up. The majority of the information the group gets goes from GR through the group leader (apparently, unless he is making it up) so whilst it would be difficult to believe anything from George directly, what they are doing more similarly resembles a game of chinese whispers.

Whatitsworth, there are lots of good people in the group and I am still in contact with a few of them. Wrong person in charge though. If GR said jump, he would ask how high. His twitter posts about the value of MNHs mining asset demonstrate this.

Impossible for the action group to take action as their leader is too aligned to GR. Have a look at his activity on Twitter. 25 tweets yesterday and 15 today so far. Many of them misleading. I used to be in the group but he kicked me out because he didn't like that I actually asked questions rather than go along with his blinkered view.

Doesnt make any sense to me. If there is great news incoming why not wait until it lands and then raise on the back of it for less dilution.

Noel,

If there are any positives from today's RNSs can you run us through them?

There are only 495m shares to sell before the 11.5b share ceiling is hit which would equate to £495k less Primary Bid costs in the event they are all sold which I greatly doubt. Is this GR's last chance to rinse shareholders for more cash to pay his own wages and fund Dattel's projects? It makes giving a loan to MNH and then converting it to equity all the more ridiculous. If he can't raise any more his options are to raise the share ceiling via an EGM and dilute further or look to dispose of assets. He would also be able to justify getting rid of assets cheaply if the share price is on its knees and I am sure he would have a willing buyer. Who know, he may even pick up a non-exec directorship at the company which would buy the assets.... Given there appears to be so much opportunities between PREM and MNH I find it extremely surprising that Mr. Dattel's isn't using the low SP to build a stake in PREM... I have 17.5m shares here and while I have been mugged by GR again I would welcome the views of others on this. It is strange than some of the more regular posters here have gone quiet... Perhaps they are worn out from all their ramping on twitteer today or are busy concocting the latest good news story before returning here.

Would have to raise the number of shares in issue past the current 11.5b. They can sell about 496m which if fully subscribed would raise less than £500k. Primary Bid will of course take their slice as well. Next move will be an EGM to raise the limit to 15b.

Magoo, I've been here 6 years now and have no problem waiting a few more months. Just wished the ramping crew would ease off. They know as well as I do by now the GR is the most useless CEO on LSE. I would hate to think the new shares are to buy more shares in MNH to fund GR's buddy Dattels and save him the hassle of funding his own projects. That is all we have been doing over the past few years. Funding Dattels and sinking money into a hole in the ground at RHA. This was the perfect opportunity for Dattels to come in with a few quid and take a few % of PREM at market price but instead it is the long term holders who are being asked to pick up the costs of GRs Xmas bonus and lack of ability to delivery anything again.

Read it again. There is no forward movement. It is GR saying he thinks they have done everything they need to do to get the EPO. We know what value we can place on his words. If PREM doesnt work out for him he would be guaranteed a job in Boris Johnson's press office.