Member Info for CF73

Has got to be said, while investor losses are inevitable (yes, comes with the territory), losses owing to a rigged corrupted system that pays out to shorters when they should be in the same boat as us all (i e. You pays your money and takes your chance) is not acceptable to me. Far more to be said about all this than can be adequately discussed on a BB.

Indeed Phillip1976,

Think it's worth talking about both RHA and MNH's Manganese mine. This is a combo that will provide significant revenue/ profit for PREM, helping to drive development work across the portfolio.

Is possible that most of the funds necessary for Zulu EPO DFS comes from a JV partner. That depends on whether or not Zimbabwe required a significant partner to participate in the project / programme. In which case, those RHA and MNH funds many not be required for Zulu EPO DFS. However, we have the absolute monster of a rare earth mineral deposit of Katete. This needs developing. The market is there. With new management and the means, we could make serious headway here!

Now imagine all that??

- RHA running profitably
- MNH Manganese mine producing significant profit (available to us immediately upon MNH Deal conclusion)
- Circum dividend between 0.050p to 0.10p!
- ZULU EPO
- ZULU EPO JV (with programme for DFS!)
- Work finally beginning on Katete

- Added to this, management changes. We already have Neil Herbert, possibility of others, and particularly, Stephen Dattels

The near term is looking extremely bright at the moment (let alone medium and long term)

Value contribution to PREM SP of its parts?

Circum Dividend -- 0.10p to 0.20p (actual dividend likely to be somewhere between 0.05p to 0.10p per share - comparable to the current SP Market Cap, effectively derisking shares bought around these levels)

RHA -- 0.10p - 0.35p (production beging early 2020, finally delivering profit for PREM)

MNH Deal/Managense Mine -- 0.20p to 0.40p. This is a massive, high quality mangenese project. Will be bringing profit to PREM the moment the merger is concluded.

Zulu +EPO -- 0.20p+

Zulu EPO JV -- 0.20p to 0.50p

New Management;
Neil Herbert in but who else Dattels? -- 0.15p-0.30p

Katetea; asbsolutely massive rare earth mineral deposit) --value unknown??? Can imagine that some of the profit we begin to bring in the from the above projects is used to finally develop the potential. Has to be said again, the deposoit is meant to enormous!

Most of the below can be achieved in the near term, within a month to 6 months,

Of course, further down the road, those values will be much greater i.e. ZULU EPO DFS; RHA producing profitably over years; MNH Manganese mine producing profitably over years; Katate defined; ZULU EPO DFS!!! etc.

This is some great work Mushty me ol mucker :-)

Thanks Madp, utterly crazy numbers!

...no Tim, Zaza is bashful, is why we haven't seen nor heard from him...

That's briliant Kenco222 :D Hahahaha

Agreed again me ol mucker Mushty!

A lot of folks haven't properly udnerstodo the Herbert/ MNH link.

Stephen Dattels was involved in UraMin as well.

This is lining up very well!

Indeed Mushty! Stephen Dattels wasalso involvedin UraMin.

At a guess, PREM will attempt to knock out a DFS as fast as is possible and sell the Lithium for upwards of $1.25billion. That is what is my guess. And I will be surprised if Stephen Dattels is not involved.

...this is before we starting talking about the gold...

Some good discussion and thoughts here,

For whatever little its worth, I don't / wouldn't take Levan moving on as a negative. Don't think it is usual for a small[sih] AIM company to keep on the books, permenantly, a legal expert. Is quite costly. His leaving signals to me that it is very possible that arbitration is complete, just that the decision has not been made public (I could be wrong though). If it wasn't, then for continuity-sake, wouldn't be good to let your legal expert go, unless they were really bad (Levan seems good at what he does to me - others though may know better).

Regarding GG 'winning' in this arbitration, as one or two others had reminded us, the process in general terms is more like negotiation than the kind of outright battle we see with Hope/ OMF. So am of the view, in agreement with others, we will come away with something still worthwhile. Added to this, we know there is a strengthening of US-Georgian ties and links, which would/ should be exemplified by FRR and this very situation. In terms of the kinds of things the US would be particualrly keen about, oil and gas is pretty much the highest priority (we know they go to war for this sort of thing - something I'm not at all fan of, but I provide this as demonsration of the extent it matters to US interests). FRR losing Block 12 is in effect US interests losing critical involvement in likely the most significant area for cooperation, the area that would matter to US political and coprorate interests. No oil or gas, well what else is there in Georgia then such that the US would pass those bills recently?! Relatedly, I don't think the Georgians, with their geopolitical concerns, would want to be doing this. In regards to all this, very specifically, we have seen how FRR have been able to mobilise US political clout in the region, certainly with Ukraine and undoubtedly, too (where it would matter more given what is at stake, with everything invested), in Georgia.

Am of the view, in light of this and other discussions, that arbitration done by now and was, to intents and purposes, favourable.

We just need to hear something and would think we are reaching a point (November or December some time) when perhaps FSHG could contact FRR and have more than reasonable grounds for requesting clarity.

...now that ain't a bad suggestion :-)

Whatever you do and whatever happens, big thanks from me for even thinking about this :-)

Indeed mal, better put than I ever could've!

Seems arbitration is not an issue (going by process of interpretation and triangulation of the news and by consensus view), and with ADR a matter between ZM/SN and Hope/ OMF rather than the busuess (though any shares Hope got his hands on might eventually have significance for FRR), would it possible for FRR to return to us with news of where they are (even in general terms)? Towards November some time (even Dec), would it be reasonable for FSHG to approach FRR for information, clarity?

It seems we have weathered the worst, including keeping Block 12 safe. That was the most important thing. Should be possible, once dust cleared following any recent issues, for FRR to sat something...

Having says that, not trying to expect too much. Expectations are not good for the head/ heart here.

Definitely not negative. If we get a JV or funding out this, then even better.

J99, every BB LSE is infested with posters like you - this what makes every BB on LSE so heavily infested. Also, you must've sold Friday.

Very real possibility that signing related to collaboration with the Russians. I know the company had, amongst a number options, been talking to the Russians. This could be where the JV / funding for EPO comes from. A very real possibility (especially in light of punitive sanctions against Zim, imposed by US and EU, meaning the US and EU unlikely to be preferred partners). We may have an RNS waiting for us first thing Monday.

...if ever there was a signal, that was it!

Good luck folks!

I repeat, a CODE 1

Agreed IQ,

When I spoke with the company, they were extremely excited about the possibilities of the EPO area. And yes, they were aware of overall contained mineral potential. Don't think the market has woken up to that yet, though clues are always emerging. Once EPO is signed-off, we should learn fairly quickly about what we have the ability to go after in the area.

Am aware there are lot of folks waiting to pile in further on EPO approval. Won't be easy getting a good price or quantity by that time.

Good luck to all the genuine folks!