Member Info for BlueVeiner

Why does Dattels not make a silly low ball offer for the company then???? Or - why doesn't ANYONE make a silly low ball offer for the company????

Thing is - when GR launches his next fund raise - who the heck is going to support the issue? SURELY institutions won't even go near this - let alone PI's???? Assuming the next placing flops, what then? Will he put his own money in again, pay himself back in shares then go private and say it was the only choice he was left with????

Should PREM shares not be suspended if there is an expectation from its CEO that they are trading insolvently and on the verge of running out of funds? George is very quiet at the prospect of (us) losing everything here. What happens to Zulu if/when PREM ceases and it's still an asset? Who would be responsible for selling it - what would be the procedure???? If suspended, would this stop any quick asset disposal?

Uplifting final word from GR in Final Results RNS recently:

"In the event that the Company is unable to obtain additional equity finance for the Group's working capital, a material uncertainty exists which may cast significant doubt on the ability of the Group to continue as a going concern and therefore be unable to realise its assets and settle its liabilities in the normal course of business." (Written By GR)

I actually agree with this. I became most suspicious when there seemed to be NO interest in anyone either buying in to Zulu, or taking them over on the cheap. Not even Lenigas seems to have wanted to build a stake, and he was the real 'Mr Lithium.' Has George been declining offers for PREM so he can run down the company and blame it all on others then own it all for himself via the back door? Who pulled the plug on a Cadence deal - PREM or KDNC?

What would be the process to take this private?

Is Lenigas still 'advising' George?

The market isn't transfixed, it's horrified. If Otjozondu Manganese Mining needs that kind of funding (plus any follow-up topups) then why not just come to market with an IPO rather than borrow from chums. Or why doesn't Stephen Dattels of Circum buy them to develop their asset???? WHY PREM???? Where's GR with his chatty explanation????

Where would the funding come from to develop Zulu - GR has already conceded he may not be able to raise the full amount of the loan he's offering (????) and the last RNS stated that without further funding, the business was not a viable concern. So after he's loaned out the ODD million to chums, who finances PREM's OWN funding needs????

If PREM were to cease trading, I assume there would be a fire sale of its assets - SURELY there must be more value in the company if broken up???? Or what would GR need to do to grab the lot for himself?

Does anyone know if David Lenigas is STILL being paid a monthly retainer to advise PREM on fund raising????

Val - is there any reason why you cannot e-mail GR yourself - his e-mail address is incredibly easy to find. You could also mention some of your other many concerns and comments, and ask him directly for answers instead of constantly spreading your bitterness and distrust here?

I would usually delete your post and never think of responding - but I have to ask you this in fairness - do you actually know and understand what share suspension is and how it works? *It does not have to be a negative thing!!!!* Subject closed.

Mal - are you FOR REAL???? Someone (me) suggests that suspending this share to try to preserve its value and integrity is 'trolling?' And a combined effort too???? Seek treatment.

You foolish upstart, why the hell do you class me as a troll just because I'm looking to protect my life savings here????

Would it not be better for GR to suspend PREM shares pending a clarification of the whole sorry situation here? Otherwise, the cheaper the shares become, the less someone will need to pay to pick them up in a fire sale. IMHO. Suspension would at least stop the daily rot here for a while....

My concern is that David Lenigas being on board and knowing the whole/full PREM story, hasn't become a 'paid introducer' and negotiated a takeover or stake build for KDNC/GUN etc. Is even he not interested???? At the time GR started his Zulu 'talks' with 'interested' companies, he must have been listening intently to them all, and brushing them off with 'but I'm not yet exactly sure of exactly what we have so am not yet selling at all'. Has there really been no real interest at all from anyone - and why not????

Is John Reynolds the latest incarnation of Swifty???? 8-((((((((((

What is P20 / P10 please?

I can't believe THIS is all we get after so long waiting for a breakthrough in PIRI. I think the embarrassment even shows in the RNS. Did Redmond pick a company from a lucky bag and just throw money at it???? Shocking!

I can't believe THIS is all we get after so long waiting for a breakthrough in PIRI. I think the embarrassment even shows in the RNS. Did Redmond pick a company from a lucky bag and just throw money at it???? Shocking!