Member Info for chattty

No confidence is understandable although the past is the past.

Nevertheless my view is clear the recent entry price of around .09pps represents a good trading price for a profit based on the current prospects now in view.

To that end I have been hoovering up a reasonable number of shares.

The SP is drifting lower than is reasonable although not yet in line in line with their income forecasts even though they only have a Low SII 0f 70 million.

I dont think its desperate simply because they are addressing the cash situation and will soon come out with an announcement what that will be is pure guesswork in view of the tight money mkts.,

18 months ago the SP was up in the 90+pps region : the sp has lost 95% in value

The question is,Is it worth stepping in now for a straight trade or will the sp slip lower than the 3.5p bid.

More than that Helpful are you not the biggest Troll on here ?

The reasoning is obvious your extolling the virtues of Mr Bell and his actions so encouraging new investors to believe that at some point what he says will be true when his actions over the past 20 years have only ever resulted in lining the BODs pockets thru' continuous dilutive fund raises

There is absolutely no doubt Mr Bell is economic with the truth which has always resulted in personal high end living by paying himself extraordinary share awards as well as a regular high end salary whilst PI's invested,new and old have received absolutely nothing over the past 20 years plus.

In a fit of petulance he recently suggested his shares were not worth buying .

He was asked to voluntarily vacate the chair of POW because of the amount of pushback,if he had not vacated he would have been fired.

Not a recommendation for running what may be described as a private cash cow.

There is nothing new available to think Mr Bell will be changing the habits of a lifetime.

MR Newbie I did not mention that Prem was first set up in 2007 so what your comments have to do with anything is beyond me.

Previously I posted from the RNS

“In the event that the group is unable to either resolve the status of Canmax or find an alternative offtake and marketing partner to settle the Canmax prepayment amount plus interest and Zulu fails to meet its revised production targets, then 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,”

I should have posted from UKIM

Premier African Minerals have missed certain production deadlines and are now in the hands of Canmax, who have the ability to terminate the agreement and request funds be returned. This would be disastrous for Premier African Minerals, who are supposedly working with Canmax on possible alternatives.

Those 2 items sum up the true situation.

'Really Chatty them accounts are 2022 '

Yes

Prems YE was 31/12/22

Hall 123 and your followers 'He is just a punter trying to sway the market with lies '

So you too agree with MR Newbie who does not understand that Prems financial YE is Dec 31st every year - so expect the impossible -2023 a/cs in advance of the YE?

Be careful ,to lie is a waste of time.

The figures given were accurate; correct research will bring them up.

A point to think about ;-

is the 'All hands on deck comment' valid ?

Not a single worker was shown in what appear to be original library release pictures.

The amount of absolute rubbish being posted by unresearched individuals -

The true picture taken from the companies latest records which show they made a loss of $13.6 million against an income of $2.1million .

Also Canmax has asked for its $37.5 million to be repaid within 90 days which Prem dispute on grounds that the faults are without its control.

Prem cannot not pay unless another party makes an offer which with the legal dispute makes it difficult .

All leading to the following announcement by the company;-“In the event that the group is unable to either resolve the status of Canmax or find an alternative offtake and marketing partner to settle the Canmax prepayment amount plus interest and Zulu fails to meet its revised production targets, then 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,”

The longer the dispute takes to settle the less the chance of Prem surviving on its existing cash balance so at best it is a poor risk even for straight trading due to the high risk of suspension.

A slim chance exists for raising funds via dilution, but at what price compared to the current sp?

There is insufficient room within the spread and the limited sp movement for this to be a trading stock of any real value profitwise.

Look at the sp track record over the last 6+ months. January 8.5p-Mid June 3.5p- just 3 days ago 2p.

Each time the rampers were out as they are now wasting their time on a failing stock.

Despite the increase in funds there is no news on the horizon of the prospective sale of assets if their was the two directors would not have been allowed to buy into the placing.

Those buys are of zero consequence which in any event will be covered by the companies ability to continue paying their salaries.

If the dispute goes into arbitration then the sp will be going nowhere but down for the next 12 months (assuming the co., does not get suspended )

Whilst still a going concern they have to find an alternative source of finance to cover liabilities and get Canmax out of the picture which they should be able to do .

No funding will lead to suspension.

No I am not wrong that is the indicated spread shown by the MMs, of course a deal can be done inside the spread .

The spread is indicative of market sentiment.

So a Complete waste of space.

Why are you wasting your time ?

The current events dictate the sp and it is obvious from the RNS extract below that the companies won't have a positive cash flow till the start of 2027 hence the low sp.

'With a prudent view on the development of revenues from licence fee arrangements, the Group is targeting a reduction in operating cash outflow to below £3 million for FY24 (compared with more than £6 million for FY23) following a reset of the cost base, and to reach positive cash flow by the end of FY26, which will require approximately £6 million of revenue in FY26.

On that basis the sp will be lucky to survive at 4p/5p .the mms have a 25% spread which indicates the markets view of coming events.

Cash in hand and income are too low to sustain the business for much longer so there will be a dilutive fund raise,chances are at or around the current sp although if the money mkts are tight any raise could be as low as >3p

The cost of shorting any near subpenny or subpenny stock does not warrant the cost therefore SV post in this case is irrelevant.

Any investment in RRR is high risk more so in view of the management style nevertheless short term trading money can be made, certainly almost impossible to short.

The inference is your short or would short this stock so how much would it cost at this sp,including interest charges to make say £5000 ?

GMET will be getting up to 100% funding for proven fiscal requirements alongside fast track permissions for PM

which is USA based Tungsten on the USCML

The funding will be on the most favourable terms possible to GMET.

"Significant amounts of non-dilutive grant funding have recently been made available by various US government departments including the Department of Defense (DOD), Department of Commerce (DOC), Department of Energy (DOE) and Department of Minerals (DOM) among others. With Mrs. Turkmani now engaged as a Strategic United States Government Adviser to the Company, we look forward to rapidly advancing this strategy and communicating to the market the steps being taken in this regard."

So the White Paper grant application is well under way .

BRES is in Uganda obviously US does not have control hence limitations.

Contact OF.

Although I have no liking for the cavalier attitude of Mr Bell and his economies with the truth the herd are getting involved so no telling where the sp will end up,nevertheless I have acquired a reasonable holding for a trade despite the BS thats posted all over the place.

From the RNS ;-

Kodal Minerals, the mineral exploration and development company focused on lithium and gold assets in West Africa, announces that the Company, Kodal Mining UK Limited ("KMUK"), Hainan Mining Co. Limited ("Hainan") and Hainan's wholly owned UK-incorporated subsidiary Xinmao Investment Co. Limited ("Xinmao") have approved a further extension of the previously agreed long stop date of 30 June 2023 for the completion of the funding package as originally announced on 19 January 2023. The long stop date has now been extended to 31 August 2023 or at a later date to be agreed by the parties.

Everyone is in agreement although they are suggesting completion for the funding package will take longer than previous expectations.

SP will lack vitality and languish for nearterm

Post removed again by phone.

CF you follow the forecast pattern of behaviour

The Webinar on Monday could fix a lot of the share price damage,

True CF, those expectations have steadied the sp almost to the point of recovery.