Member Info for Charlie1984

My post from the 17th Oct 2018 - Strange that my figures are clearly the same

Sbrown - looks like the $300k was for last year and last year only a rise from $150k a year, not happy with it myself but clever as his brought in Michael Forester so we can expect them to be taking approx $150k a year each.
However and I quote GR words not mine none of the BOD have taken a full monthly wage as a way of reducing costs, this isn’t to say they won’t take 50% or more in shares but this hasn’t been done todate in any calendar month this tax year.
I am the first person not to support $300k but it might have been a one off to collectively continue to receive his $150k (if that makes sense to you)
But according to PREM CEO no directors or staff have taken a full wage. How true this is I don’t know for sure and won’t kniw for sure until I review this years accounts.
I understand there has been a lot of disappointments and let downs but focusing on the past as a reflection of the future doesn’t help anyone. I’m sure if you held 7% (was 34%) like GR you would be doing everything to deliver.
Has he sometimes done things that he could or should have done differently - most defiantly but before we jump on the let’s kill GR band waggon, he is this he is that, let’s see if he delivers at or by the end of this month, not long to wait GLA
By the way I am the first to hold my ha face up and say I haven’t been fan of GR and that’s because my investment is still under water of some £60k + but like a lot of other LTH we just have to suck it and see !

"So you really think that any thing i post effects the SP?"

Why are you posting then simply because your venting or because we have seen a positive rise and you dont like it, you also dont like the fact that it could rise further. Ever heard of a woman scorned, if you have sold up walk away with your self pride dont show yourself up on a public BB as someone who is bitter and twisted because they made the wrong choices , no one wants to listen to you crying!

itsallamess - again may you be corrected on you figures.

The amount GR paid his self last year was $300k up 98% on the previous year which was approx $152k

How you arrive at the figure of $250k is pure guess work and nothing more.

Never mind, everyday is a school day!

GR brought in Michael Forester to take over the role, the increase in wages was to then be split when bringing him in and they would both then receive $150k each. However as mentioned by GR his salary hasn't been completely drawn monthly, no director has taken a full wage this tax year. Why mentioning that salary may well be taking in the form of shares this also hasn't happened to date.

I am all for PIs having an opinion but when you are making stuff up you look very stupid, one will even start to think you dont have a clue what your talking about. Unless of course you can post a link and direct me to GR salary being $250k per year?

"The dissenters are dissenting on fact. Proven track records"

A life cycle of any mine doesn't always include 100% positives, there are ups and downs and 95% of AIM miners never make it.
Until cash flow arrives dilution is inevitable, this in mind we have seen our fair share of dilution and its time things to finally paid off.
Have you ever heard of the saying "if you dont have anything good to say dont say anything at all" lets see what happens if there is news to come it will be here Friday or Monday - GLA

Bless cannt help his self little green eyed monster sold out, missed the rise doesnt want anyone else to benefit so will constantly troll this BB

What do we know and what conclusion can we draw from this information

As we understand MOM where visiting RHA today - with the deadline before legal action starting being tomorrow (Friday) one would draw to the conclusion that they where there to sign off ownership and see all the work that had been done and the set up and infrastructure that was in place. After all once signed off and production starts they will be receiving 10% of all profits. - Bless itsallamess attempt at a feeble deramp shows his position here and that he is willing to twist anything to support his negativity towards PREM.

Once RHA is signed off as per previous RNS and Webinars PREM have a JV partner lined up, this will see production start imminently and cover any costs at RHA, we will also see Zulu funded to DFS (this means no further cash outlay) only income from RHA profits.

Circum, there online website still down but lots of published articles now showing they are entering final stages of securing major funding, this will either open the door to allow a sale of our holding for a substantial figure or now that RHA and Zulu are taken care of hold for the listing and see some true value as we own 5,010,333 shares in one of the worlds larges undeveloped Potash reserves.

So soon to have RHA ownership, JV partner and production at RHA and Zulu JV to DFS and the snow ball of the circum safety net which will grow and mature until it is sold.

And whats is our current MC ? £12.67m

You know its good when the green eyed monster trolls are out daily ............................. Why else would they bother GLA IMHO this is going to rerate and multi bag very very quickly

Nothing goes up in straight lines just flushed out a few sellers and away to push on again GLA

Going to cost them to get back in ................... fuel for the rise GLA

Why not mate , welcome back to the party GL

10,000,000 trade just gone through shes going to blow GLA

Also getting up on the leader board currently 3rd hopefully take 1st place by then close of play GLA

showing trades at 0.18 so must be trading at at least 0.175 to get rounded up, few sellers to fuel the rise could get very interesting here GLA

L.E.A.K me thinks GLA

Even if we get double what we paid for the Circum shares what’s that £15m (talking minimum) Zulu needs ruffly £3m to get to DFS and RHA needs no more than £2m, happy days RHA operational why work is underway and Zulu getting drilled to DFS then we will be looking at a production JV partner in 10-12 months time unless the drilling company can get twice as many drills turning and get the DFS down to 6 months and we still own 90% of RHA. A plan can then start to drill and map the R.E.M. never know may well get a cracking deal from the drilling company ........... potential is massive here this could well jump 500-1000 easy in a mater of days on the right news - GLA

Anyone see what the MM are doing, where are they currently sat for the opening ?

Believe the email that is again circulating as fact or someone collating and connecting all the dots.

What do we know from RNS and webinars that could strengthen the case that the email is actually fact and not fiction?

- Morgan Stanley have been appointed over 2 years ago to find a buyer or now as it seems to raise capital to get onto the stock market.
- RHA RNS clearly say that the throughput and tonnage wasn't achieved, it also says why this wasn't achieved and seems to be a very quick fix
- RHA Ownership should be signed off this week if not legal action will be taken from Friday onwards
- RHA core drill samples due
- RHA to use tailing
- New of take agreement in place
- JV partner for both RHA and Zulu

So if RHA can be put into production and turning a profit regardless of a JV partner or not we are laughing, JV partner for Zulu and Circum washing its own face and we seeing some movement thats a strike on all 3 of our assets IMO and will significantly increase the SP, predictions for RHA going back into production and Zulu JV for DFS was 1.2-1.5p now throw in Circum which if either sold or floated must add a minimum of £30m so we could potentially be looking a a re-rate near term of 1.5-2p on a strike of all three assets. OIMO
Dont forget once we are cash generative we can then look to explore the monster that is Karate our REM - GLA

Up 14.35% on Money am last few trades not showing here

Nice try, the only way we would see a placement is if we where to go it alone, read the article JV for RHA and Zulu why would it cost us any more?

itsallamess - so there you have it, if you dont believe the talk (rumor) of the email chain believe the Proactive Update you can read for yourself

The JV partner is the same for both RHA and Zulu I am hearing. The email circulating last week rightly or wrongly pointed to RHA being signed off and a JV agreed on RHA and Zulu which would be disclosed this week or next.
The JV partner has its own infrastructures in place and staff ready to go with and required staffing, plant and equipment.
Was it all BS or was there some truth to it? I don’t know but something needs to happen by this Friday.........
The other thing mentioned was Circum and this was only to say talks still ongoing no updates as yet.
Volume was higher last week and we also managed to hold nicely on to a large percentage of the weekly gains.
A sign off followed by RHA JV straight into production and JV to see Zulu to DFS would see this SP explode on such news I would be expecting 1.2-1.5p minimum range. Circum still a possibility for this year or early Q1 2019 which will add a minimum of 0.5p to the SP so could be a very very interesting Christmas for all.
Cash income, GR to convert or extend loan so happy days there ........... Will we say a RNS in 12.5 hrs I really hope so for the sake of everyone holding - GLA