The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
SP Closed @ 2.41p
Asimpleinvestor is the nearest prediction @2.65p
Declared the winner for this week…
Ps. Any entry after 6am on 12/2 is null and void
Clapping and standing ovation to Asimpleinvestor the winner..
Now for his few words of wisdom to us ..
Https://x.com/Premafrimin/status/1758498351127916838?t=s3MMHWNXTVs1vbc6R1C3eA&s=35
Current sp imo is not reflective of Prem prospects and just look at our next door neighbour (Kodal) sp declining from .90p to the current.30p for no good reasons either(even after securing the funds)but the market doesn’t trust Aim until the company proves itself and generates revenue. Prem is not far off and we will witness the market sentiment completely changing with shareholders being rewarded at the same time.
Just look at all directors holdings and none of them sold a dime,same with CanMax and surely if any thinks Prem is not moving in the right direction then at least one of them would abandon ship but none is doing this..doesn’t that give you some reassurance?
If you just for a moment ignore the fear mongers …you would see a far better picture of Prem..
Yes of course am holding here and defending my investment but all the above are facts..
Can’t fail when you look how much at stake.
The insiders shareholdings are huge
CanMax involvement is even at a bigger commitment with its own commercial partners waiting for Lithium..
GR reputation in this mining industry
The government reputation including well reputed national is one of Prem directors.
The current small issues before starting production are hardly relevant when you consider the bigger picture and how much efforts and finance put into it..
Mining companies on average takes 15 years from exploring to production ,Prem is well a head of the average…
All we need to be more patient and once the mill starts to churn and produce you will see no more of the negativity ..or fear mongers..
GL
“… Funds now raised will be used specifically for direct operating expenses at Zulu that includes.
· Final payments related to the thickener purchase and installation,
· Final payments related to the ball mill and associated hydrosizers, transport and installation thereof,
· Plant operating spares and reagents,
· Mining costs, and
· Day to day operating expenses including diesel."
It is all there what the raise was for…
Nhjj…” Now why didn’t GR mention in the RNS some of the contractors are refusing to work.”
Because it’s a fake news and the company is not allowed to put fake news in the RNS!
Is this clear now…ffs
Someone needs to have a word with this fella!
Nhjj…
Yes we all read the article..
But as usual you only highlight the negatives by anonymous person!
So why do you think GR made the placing for!! Thicko
He already said in his last interview there was a financial constraint…
Now go back to your hole please…
Nhjj…no point debating with you..🤡
You clueless when you are comparing VAST to PREM..
You obviously wearing your ar#e on your shoulder…
Go back to school and learn..
You have been deramping Prem for a while…what a time waster..
TT…
I read the RNS several times before buying today. Though any shareholder dilution is not good but I thought GR did the best for the company in this fund raise before starting production by avoiding outside lenders which may have costed far more and debts backed by assets and interest never good for a company just about providing revenues with initial tiny profit. The dilution was also limited when you consider Goddards shares used in here…
No hurdle left now to start production but yes of course we will need some more funds in the beginning but at much more favourable terms on the production proof.
Why would anyone sells today?! It’s just the fears of more decline in sp ? on paper loss only? but imo the sp rebound will be strong within the next two weeks when you take everything all together including GR shenanigans!
Today the MMs seem to let their mates to buy the mate rate in huge value trades and trading volumes and value today were the highest for many months..
No way you could justify selling today but its your money and choice .
GL