Member Info for Fellwanderer

Iky786 - Sorry, I meant on 14th October, the day of the consolidation, as we’re all going to have less shares, but at a higher SP of course. Just a bit of fun on my part. That being said, I feel something positive is afoot, so I wouldn’t be at all surprised if we do see a good rise tomorrow in anticipation.

All the best

Fell

Isn’t it a coincidence that we had a good, largely blue day today 🤔

So what are the advantages of a share consolidation ?

1) It can (hopefully) attract Institutional Investors. Many Institutional investors are put off by low-priced stocks. By increasing the share price, a consolidation will make the stock attractive to these larger, more significant investors.

2) It will improve PREM’s perception (well, to everyone barring Jaglith). A low share price can often be seen as a sign of financial instability or poor performance. The consolidation will help to restore PREM’s credibility.

3) Increase liquidity. PREM’s higher share price will help to improve trading liquidity, as more large-scale investors may be willing to participate in the market for the stock.

This is looking very interesting in my opinion and perhaps time for another cheeky top-up.

Best wishes to all serious investors

Fell

SP will rocket tomorrow 😉

10:1 consolidation, as per June’s RNS

1.36 Billion buys v 269 million sells - Great start to the week 👌

SP just dropped to 7% with no real volume 🙄

That’s some number so far. Seems like funds are flowing back into PREM 👍

Due a tick 🆙

As ACKER said over the weekend, this could be the most important month in PREM’s history. Let us all hope it’s important for all the right reasons and look forward; there’s been too many backward looking posts recently, we need to draw a line under that.

Fell

Good start for a Monday morning 👌. Looking for some momentum into the RNS with the test run results.

PPS - If only 50% of Zulu’s value were realised after costs, that would be a 50 bagger from here. That’s not including the other plays like Tantalum etc.

Again, that’s what keeps me interested and why I have faith in the current management.

P.S. Happy to be corrected on figures, that’s just my understanding from research 🧐

The latest estimates of Spod at Zulu as a resource is 2.2 million tonnes.

Using a conservative $800 per tonne of Spod, that’s $1.7Billion.

I think PREM’s current debt is around $94million.

Kind of puts the value of PREM into perspective and why interested parties are staying interested.

Hold for Gold ……Fell

I guess we’re all waiting for the same thing 🙏

I don’t always agree with you Acker, but I do on this one 👍

I thought that we may have seen a slow drift back up to Monday’s prices by the close of play today, but hey ho. Still, 450m buys v 314m sells today is encouraging.

I took the time today to re-read the interims RNS drafted by GH and I would encourage others to do likewise. All too often, when an RNS pops up, we all read them in a fever looking for the key messages, but re-reading them (like watching a film for the second time) gives you a new perspective. Just my personal opinion, but I take in the wider picture and look beyond the immediate downside (yes, the accumulated debt) and look longer term. I still feel there are so many folks involved in this that want success. The focus rightly is on Zulu, this has the potential to become the cash cow once production from the plant has been sorted, which I believe it will be. Graham Hill did not come to the party to fail, he said in the Stockbox interview that he had been following PREM for a while. Once the Lithium plant is sorted and producing and creditors seeing their money coming back, the next focus will be the other minerals they explore for, including Tantalum, Potash and Gold; they have a diverse portfolio of projects across Southern Africa. The future, once the Lithium plant is sorted could be huge and this is why I invested and what keeps me interested.

Have a good weekend folks

Fell

….and 4% down…..how odd, but some good volume today. Hopefully a tick back up by the end of the week 🙂 - holding long

415 buys v 105 sells…..up she rises…..

Wouldn’t be at all surprised if the SP didn’t drift back up to where it was before the RNS by the end of the wee…..

Make that 256m buys v 67m sells 👌