Member Info for Fellwanderer

Well said John. Sums it up nicely, he’s dealing with the hand he was played and is now putting things in place with the changes needed to turn this around. Give the man a chance as you say. With his pedigree, he’s obviously not short of a bob or two and at his age, it feels like he’s doing this for PREM to prove a point and in his own words ‘likes a challenge’. I don’t believe he’s doing this just for the money.

SP down really due to perceived additional risk, the volume and trade bias towards buys was encouraging and better than I had expected

My penultimate paragraph was a bit gobbledygook. When asked about buying shares in PREM, GH said he had approached the Nomad to ask if he was in an open period. Unfortunately he isn’t, so is unable to purchase. I believe that he will when he can

Just watched the very frank interview with Graham Hill. Firstly I must say that I like his style, he is and talks like an engineer and answers the questions honestly (if only we had politicians that could do the same). Anyway, on to the interview, I did manage to take some notes. In no particular order these were some of the key messages :-

The resource has very good quality clean ore

As an engineer (with proven ability) GH wants to take a different and right approach and is arranging a design audit to look at all aspects of the plant. The problems they have encountered have largely been to do with the connecting parts of the plant (pumps/pipes/water balance …etc). These are historic problems, which he is now addressing.

These design audit is to take place over the next two weeks and necessary changes implemented

He explained that additional funds are needed now, partly so that any changes that need to be implemented following the design audit are made

He also admitted, quite frankly, that they don’t want to have to go through another placing and that other options for finance are being explored

The ‘large trading house’ are satisfied with the resource quality

Interestingly the interviewer asked GH whether he was intending purchasing shares and he admitted that he had asked the Nomad if he was intending purchasing shares an open period, which at present he isn’t, so is unable to purchase shares. My opinion only, but I believe he will purchase when he can

I am happy with all the answers he gave to the questions posed and still firmly believe that the right steps are being made to progress this huge resource towards production, whenever this may be. If GH cannot make this happen, nobody can. Enough said.

Otherwise there’s no turkey 🦃

Only 50 trades all day yesterday and now 650 in the first hour.

I’m holding for production. I think both resolutions will pass and we will go to production, just a matter of time. Always painful to see your holding lose value, but I still believe this will come good under the new management; this could be GH’s swansong.

Fell

Raaydaar, you’re entitled to your opinion and I to mine. The resource value in the ground is huge and worth over $1Bn , which is why it’s worth PREM building on the work they’ve done, now under a more competent person. I accept that GR made a lot of mistakes and I don’t argue that point, but there is no use in looking backwards. The additional debt being proposed will be swallowed up once they move to the production phase. I’m holding, but each to their own.

The doomsayers that said that the plant wouldn’t work were wrong …..

Nothing hidden there, I like transparency. If the funding is in place, we move forward to production……

I’m encouraged by the paragraph in the funding section :-

“ Similarly, the prospect of non-dilutive finance options remains when the plant is fully commissioned and operating to design specifications in accordance with Phase 5 (Pre-production Readiness) “

But thankfully Admin have been busy 🙏

As stated in the interims by GH:-

“ Zulu has the resource, the infrastructure, and the market access needed for long-term success. Optimisation is progressing, commercial discussions are advancing, and the Board and I believe that Premier is taking the necessary steps to restore value for shareholders “

Acker, thank you, I haven’t laughed that much in ages 😂

You know it makes sense Rodney 😏.

Be brave when others are fearful and all that. If I had some spare funds I would do the same.

Fell

Jaglith, you seem to take great delight in criticising everything to do with PREM, a share you are clearly not invested in.

Call me old school, but people like you used to be called bullies. How Admin have allowed you to keep posting is beyond me.

DrJekyll, thanks, that may explain it ……Fell

Serves me right for complaining that Level 2 wasn’t working properly I suppose 🫢

They’ve even deleted one of mine ! I always thought I was fairly harmless 😂

I’m not a holder but have been watching over the years from the sidelines - good on those for keeping the faith.

Fell

Glitches appear to be sorted now.

Expect a tick up shortly, some steady full-ask buys coming in now