Member Info for craigawilde

Jaglith, you are either being completely obtuse or lying. The plant has ddone the 5 day test. What has been stated in severeal RNS's is the fact the resulting product needs verification, that requires it being sent off, gradded, and the results being emailewd to PREM. That takes time, typically 6 weeks.

Ray, firstly let me say that I have over the last two years agreed with you and did sell out a few years ago. As for how its guaranteed, my understanding is inserts have been custom made after multiple site visits and months of research, with the addition of the secondary float plant it is now certain as can be that prem will start producing at grade.

Once prem starts producing, which is now guaranteed in the next 5 months expect valuation to shift toward EV/EBITDA of 5–10× and P/E of 5–15×, more in line with mid-tier global lithium peers.

Think it will be sadly lower Raaydaar, probably around 0.012 if the full amount. Personally am hoping George looks at £1m tranches, at least that way he can partially settle debts while slowly putting cash into the never working mine.

The spread is ridiculous at 9.35%, time it was sorted to reflect actual price positions

Fundraising is critical to the short-term future, particularly in addressing operational challenges at the Zulu project. The company is working to stabilise its position, manage creditor liabilities, and complete the necessary work to get the plant running again. However, the success of the project and the fundraising depends on several key factors, including successful commissioning of the flotation plant and support from its creditors and investors.

Its not great, but the reality is, he needs this funding to test the plant, if it works, great, if not, then the second plant all in for 800k will work, At least, this is the beginning of what everyone wanted, a plant going into operation

Critical payments

Suppliers with a payment arrangement 3955000.00

Premier suppliers without payment arrangements but considered urgent 564565.00

Critical suppliers for ongoing operations at Zulu 520145.00

Zulu Secondary Flotation Plant 400000.00

5-day plant test run 200000.00

Steward, I would agree, with the caveat that production is unlikely to start before April 2025 due to purchase, delivery, and commissioning. George expects to be done by the end of February 2025, which, let's face it, is when he has ever delivered on a timeline, hence April.

Quite amazing that this isn't dropping 5-10% each day like it used to.

Up 10% with a 8% spread - blow off my ...

Dont forget this is the week that the personnel were available to come to the plant to fix the reagent mix

Jaglith, you are the antithesis of shareholders on this board. Building a mine takes around 10 years; it's been done in under 2 years. Achieving saleable flotation often requires 6 months or more, depending on the ore concentrate and the type of frothers, collectors, and modifiers. The trips to London are monetary peanuts in business terms, ergo your comments are .........

Yes, dilution through open offer is going to happen, but it's also a good thing to enable funding to complete this stage of the modular mine to enable processing of the substantial amount of ore that is sitting there and generate a saleable product.

Https://premierafricanminerals.com/

Absolute rubbish Jaglith, but keep spouting lies

The water rumour has been corrected on more than one occasion by our CEO. Try better to deramp.

Of course, the plant isn't fully running; it would be stupid to do so! You need to run test work on the floatation circuit across at least 7 variables, this means its takes significant short-term time, once this is done, then the plant builds up to commercial running.

Well around $150,000 will be earned money in the next month or so post analysis and shipment.

What no one is covering, probably because they have no memory of RHA, but its interesting this was mentioned in terms of government resolution. RHA was a failure for sure, but a big reason other than the CEO for that was the fact that the government owned around 50% of the mine, yet did not supply any money to the building of the plant or mining ops. If this has now been resolved, there is potential for RHA to come back online.

To be fair, I am waiting for sub 0.40