Member Info for CF73

The '3 month' time line is procedural, designed to keep the NOMAD happy.

According to feedback, we are generating enough to cover operations and pay YA (except that we aren't paying YA as they've been caught naked short selling and so this is being sorted)

....though I'll take the lower end of that target SP...

I ain't religious bigdouble but gor bless yah!

Bigdouble, thanks immensely!

Exactly beengenius. Throughput exceeded targets. Just the grade. So the mine and plant functioning well. If he is confident, then putting that money is not an issue.

To be honest, given the situation we are in, GR should stump up another loan to bring RHA into operation, payable when it starts turning a profit. That way, he allays fears regarding dilution as well as show his commitment.

You utter beauty!!!!

We've just had the interims, a significant piece of work. Confident we'll get shareholder loan update very shortly.

What a pile of Croc of carp Take tens of millions of assets on the back of £300k loan that's already secured on the ARCM shares??? Hilarious

Firstly, the Sept 20th notification of the meeting said "No new material information will be released..." for procedural reasons, and especially to satisfy the NOMAD. Without it, there could be the 'impression' that information could be presented at the meeting that hadn't been already formally announced to the market. Secondly, there will always be lots to gain by going to the meeting, including detail that might be classed as non sensitive. Naturally, would love to hear back what's exactly is going on. The important thing is that folks there can press the company in ways that would otherwise be difficult, even if in the end it fails to yield the necessary information.

There could be plenty of detail that could be relayed that's not classed as sensitive and that could still instill confidence.

blacksheep, thanks for your thoughtful post, feel your pain. I am down too. I agree that GR has let us down. In the past, there have been numerous times when we has gone and done things - like making purchases - that he shouldn't have. My own position isn't that GR is to be defended. But that like you, I am trying to preserve my investment. That means giving the company a bit more time to resolve some of those near term issues. We are not in the same position as some other companies, where there are no avenues to keep going, where the debt is unmanageable and is being called in.

I have for me what is a reasonable investment here. But it is nothing like what others have invested in PREM. This ongoing bashing has not been helpful and has made things worse. i feel for those who are down tens of thousands of pounds. I really do. but I don't think GR stepping wold help either. Really don't, not at this stage.

The company has a plan, however flakey it may seem to some. There are some near term objectives in place. We should let them get on with it and see what emerges. That requires perhaps only a couple of matter of weeks (and not months).

If there is a plan in place and it is a matter of reasonable time, then let see. I'm with those who are prepared to wait a bit longer.

Been a tough week.

What a load of tosh

Charlie, given you have so much to lose, what exactly is the purpose of your post?

Given folks are meant to have their investments in here, surprised how much they are trashing the stock. Not saying the company is not free from criticism (deserves a load), but far too many comments are just not constructive in the least, just not helping at all.

DOIRE, the reason for doing that Report now and not waiting was to do with PI own expectations of some kind of material news.

While I'm even further down and frustrated/ angry, I remain of the opinion that one single piece of news can turn this around.

These moves to remove GR in the midst of negotiations/ ongoing discussions are therefore beyond counter productive.

By all means, form your group, have a strategy in place. But see out the next couple of weeks at the very least before acting and drawing on the company's time and resources while it remains in these discussions.

In agreement minermate.

It is worth adding that the value of the assets is greater than the market cap at the moment. Is also very handy that we no debt other than the $300, 000 GR loan to the company (which GR did reference in the webinar). Significance of the latter point is that we will not be pushed by anyone towards admin as a result of the no/ limited debt situation.

Been a tough couple of days. But this can flip very quick on the right news. Looking towards next week to see how RHA discussions go.

Good luck all!

Agreed Aeasty, free float becoming less free (and cheap) all the time :D

This is happening folks.

Good luck to the genuine muckers here and elsewhere!