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We are ALL Negan........
Well the rampathon seems to be working ......
Churn those shares.
Glass half full guys, glass half full.
You won’t get anything achieved by moping all day.
And before you go on , I’m not Xulu or Smilemore.
Alchemyex, if you were looking to invest in mining juniors and you researched potential candidates for £3k investment - not looking back at historic failures but purely working on fundamentals and you came across the following would you take a punt ?
Current Mcap 3m
Tungsten mine about to commence production with electrification underway. Projected date for shipments 4 months from power on.
No further funds required , fully funded by government , 49% 51% split ownership. Profit to be returned to the company less government investment until outstanding loan account cleared.
Massive lithium deposit 100% owned requires DFS then open to JV.
$6-8 Circum Minerals investment.
Minimal necessary debt.
Other assets mixed bunch.
Just my take of course.
Share buy back could be a way of improving the SP value in the future. Just like Google announced recently - that put a shot in the arm of my FANG fund.
So 10,000000 shares today could be worth as much as £80k in 5 years. Even if they dilute down 50% I would still potentially see £40k. Not bad for £3500 investment.
So about £70 million Mcap.
For a tungsten mine producing what is projected by PREM possibly as early as Q1 next year quite feasible ? Circum just adds to the balance if and when. In my opinion we will get a decent Mcap when we see steady production, so you could just sit it out or average down when you see positive improvements and therefore set an exit target. I have a 5 year plan in place for this share based on RHA and Zulu JV.
Fish, what would be an ideal price to get your investment back ?
He does look quite the boss, you can just make out the glint in his eye at the prospect of shipping before Christmas.
That’s funny !!!!! How much do I get for ramping then ;)
Looks like some nice buying for a change today.
Spent a bit more than I should have but can’t see it getting any lower now. Onwards and upwards !!
Off out, back later.
Good morning Chip, respect your posts by the way
Friends don’t usually initiate hostile takeovers. My opinion is it’s a genuine helping hand, not mischievous in the slightest.
PREM have cash in the bank to pay the first loan instalment due on the 1st August, so that’s not likely to be an issue. Unless people think the bank account has been emptied since the loan money was deposited ?
Management in PREM have a long history of being paid in Shares when money is tight - unlike some high cash burn companies out there I could mention but won’t.
For those who think George is out to sell circum shares to Regent I suggest you read the RNS properly as it clearly states that if the loan repayment is not met on time then Regent (Dattels company) may at its “ discretion “ convert PREM shares to cover the payment due. Circum shares are only as security in the event Prem cannot pay in shares. Circum shares are valuable asset to PREM so obvious as collateral. RHA is still half owned by Zim Gov so that can’t be offered up as security. That loan is pocket money to Dattels and a favour to George so unlikely to be an issue. So many conspiracy theories floating about regarding this DYOR.
“The Company has today entered into a secured US$350,000 Loan Agreement ("Loan Agreement") and related Subscription Agreement (together, the "Convertible") with Regent Mercantile Holdings Limited ("Regent"). The annual interest rate payable on the outstanding loan amount is 10% per annum. The principal amount of US$350,000 will be made available to the Company in one advance with no deductions. No warrants have been issued to Regent under the Convertible.
The principal amount (plus any accrued interest) under the Loan Agreement is repayable in two equal payments on 1 August 2019 and 1 September 2019. Failing direct repayment of the loan by Premier, Regent at its sole discretion may convert any percentage of a repayment within applicable share authorities into new Premier shares at a conversion price equal to 90 per cent. of the daily volume weighted average price ("VWAP") during the five days trading days immediately prior to the relevant repayment date.
The Loan Agreement is subject to normal events of default and the Company has provided a number of standard warranties and undertakings to Regent in respect of the Group. The Loan Agreement is secured over 350,000 shares of Circum Minerals Limited held by Premier.”
The proceeds of the Loan Agreement will be used for to support the ongoing development and general working capital of the Company.
Dattles is well known for bringing projects along then selling them. Him and George are tight so watch this space for possible dealing on Zulu. He is cash rich at the moment so George may be cooking up a deal.
My thoughts also but it’s catching a falling knife at the moment, timing is difficult with this one.