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Hasiba - what would you call your post on Feb 24th.
RE: Share price prediction for Friday close 1/3/2024 Today 15:44
Please copy and paste then vote and post to bb…
Hasiba…..0.6p
TT1981…. 0.49
BillyBobb99…1p
Generator……1.1p
ACKER…..0.32p
Redandy……0.42p
Snowking…….0.58p
Clueless……0.48p
Ralladw…..0.70p
Shinyshiny...0.28
Metalbasher….0.55
Martinigirl…..0.24
Elliselblow.....0.57 with production :) without 0.2 :(
Acker - at this point the biggest lemming is GR. if prem had a resource upgrade statement he would not be asking artisanal miners for help. Seems they are finding better ore than George. Maybe Rio tinto should have those JV conversations with the artisanal miner
George spent two years defining the ore body and 1) if currently surprised by the amount of waste / over burden and 2) relying on guys with wheelbarrows, hammers and shovels from a different area to feed the plant. This is why no one will bid for Zulu, no one knows what’s there
Snowking - if you think that the plant needs a new sorter do you think shareholders have legal recourse about the force majeure last year. George said it was only the mill last year. And 10 months later now he is saying ‘and the sorter too’
Whywastetime - there are endless misinformation in prem rns’s. Just look at any last year that had production estimates. The rns’s in the summer even had specific numerical amounts. And all the while, prem has produced zero!
Acker - nothing has changed since last year. As you always say, George is prem and prem is George (that’s why you are asking folks to vote YES , so George can stay on) and last year he had no idea what he was doing and this is the same
Acker - just the Goddard debt up to March is over 5 million. Add everything else and George will use up the 4.5 billion by the end of next week. Thankfully sounds like enough people are voting no so maybe George will have to give an honest account of what is happening at AGM. And then bring in a ceo with mining expertise.
Including rha, mnh, circum and Zulu, George has spent close to 100 million of shareholders money over the past 8 years. Total revenue from all his work is 200k from a sale of apt from rha. And now he is asking for another 4.5 billion shares. Madness that people are voting yes
George is so used to missing deadlines that he doesn’t even bothered with them. March deliverables? Don’t worry about March deliverables. Here’s a little video of prem going to blast some rock. Anyway, a vote yes ensures more of this little videos of George saying the prem team are working. Working yes, with a plan, definitely not.
Just confirms the plant is not producing. They were blasting from November to February when the plant was stopped to get the ore ready. And now George shows more blasting videos and nothing from the floatation circuit
Acker - the previous debt to Goddard is 2.5 million so that’s 1 billion shares. Then there’s the current accumulated debt from Jan to March for the mining. 50k/day that’s another 4.5 million to Goddard. At a share price of .20 or lower that’s 2 billion shares. Then George’s loan and the law suit. So that’s another billion shares. So that’s 4 billion on April 9th there. On April 10th George uses the last .5 billion to raise a million to use as working capital. And then in June there’s an egm for another 5 billion shares
That’s the beauty of George. He did give Goddard 2.5 million worth of shares, but then George ran out of share issuance space so asked Goddard back for those shares, did a placing and spent it on equipment. Now he owes Goddard the shares but doesn’t have the cap space so needs to increase the cap to issue the shares back to Goddard. And that my friends is how George plays the punters. What George conveniently omitted in the AGM notice is that this is the payback for Goddard from the December shares. He also owns them now for January to March. That’s another 3.5 million usd worth of shares. This is according to George’s own breakdown of costs for the mining. And with that and the lawsuit settlement prem will burn through the 4 billion shares in the next few months
Hasiba - towards the end when mark asks if the plant is running 24/7, George says ‘of course not’. That confirms it is not running continuously.
A ceo with mining expertise would be a welcome change. GR doesn’t want to bring one in cause it would showcase all his mistakes