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August RNS stated August raise for working capital will last until December 18. It is now Feb 19. PREM need to raise money soon. Circum is the carrot that is now being talked about/ pushed heavily to try to get the raise away IMHO. Will not end well for geniune LTH.
Meanwhile on the ground Zims 2nd largest miner has suspended operations indefinately as Zimbabwe cannot pay.
https://www.bbc.co.uk/news/topics/crr7mlg0rpvt/zimbabwe
Dont be fooled by all the rampers. "Its about to blow" is the most childish and stupid comment that has nothing to do with a reason for investing in PREM. Seriously this is the baby level of PREM supporters. And they think Im the one with a problem?! Rember what mal has said '
Prem fan club or shareholders with their cash at risk do believe the next few weeks' ..hold these people accountable in a few weeks time.
MrMagoo31- "With the assets we have we should be 1p by now " - Really? PREM have 7,382 Million shares in issue. PREM by there own RNS NEED to raise approx £4.5M. If raised at even toadts inflated price that would be aalmost 12,000 MILLION PREM shares in issue. So a share price of 1p would value PREM at a market cap of 120 million. No... it is not worth 120million.
Charlie1984- "Think very carefully about your answer PIs are getting a clearer picture of your agender based on your posts!" - You do know I have repeatedly explained why I have returned to this board to post? I sold up for a small loss because I realised this was a bargepole stock, run off the backs of PI's money and simply a repeated pump and dump stock. I like to keep a check of my previous investments for my own learning and was increadulous at the false ramping of this share. So whenever the ramp machine gets going I return to give balance and warning. My post will in no way affect the share price of PREM, but maybe I can/have saved some genuine PI's being fleeced.
Charlie1984- NaPom “close your positions why there is still time”
Sorry, but I have never shorted a share in my life. I have been sounding the alarm regards PREM when it was 0.56p. Even then I was callled a shorter. To suggest posters like myself have suppressed the share price from 0.56p to 0.01p and lower is laughable.
I have posted a number of times quoting PREMs own recent RNS statements from August to November. THE PREM RAMPERS have them taken down. Ironic that they are trying to sucker people into believing that the next RNS is going to be the big one when they have to get the most recent ones deleted.
This goes nowhere to helping PREM out of the financial hole it is in. PREM hold just over 6million ARC shares. They are worth a mere 171k odd. PREM raised 750k in August to PAY FOR WORKING CAPITAL that it stated would run out in December. PREM is burning through 187k a month! So even if by some miracle ARC shares tripped ( next to no chance) it would only fund PREM for three months.
Seriously. I posted ONE POST! Any following posts have been defending attacks by those who weren' Happy with that one post. So everyone can see what a bunch of snowflakes NCCL supporters are here is my evil post from Sunday that has got their knickers in a knot. ......."
RE: Excellent newsSat 09:50"Everything falling into place, more conversions at 10p. If the insiders are happy at 10p, anything less than that is an absolute bargain."
That's one interpretation which could prove to be correct. Another however is that the 'insiders' want to convert now and get out at any price because they see what's coming is not good. They are both valid interpretations. For everyone invested lets hope it's the former."
,med_is "stupidity is listening to speculative views of a poster on a chat forum and acting, your comments fall into the later" - so its ok for people to post stupidity as long as it is positive? It gets likes and pats on the back from those on this forum but when a post that states an interpretation as a possibility only and states they hope it is the positive option the poster is told to 'take a bike's. This BN is NOT balanced. Huge RED FLAG.
Your stated that people who don't hold shares at this moment have no right to post on this BB and slander posters who do. Disgusting and incorrect behaviour. The supporters of NCCL on this BB do not do it any favours with their attitude.
Is it a LSE BB rule you must own a share to post? NO, it's not so don't tell posters they can't post if they don't hold shares. 1750mk1 - yes if everyone was the way DanThePan staed he was. Any reader will see your error. So a simple post that loan conversion may be because those converters may wish to get out with a 40% loss...which is a vaild interpretatiob but not the only one. They may want to convert now for tax reasons or just happy with what they think will come. Those who ABUSE others for a simple post show themsemselves for what they are.
1750mk1 - a premium poster who donsn't read a post properly and reply to their own preconceived bias. If you ACTUALLY READ my post with ant fairness you would see I stated DanThePan is totally entitled to his way of doing things, ie if he holds a company he posts positives and if he does not hold he leaves the BB and does not post. I said if everyone was that way only positive / fanboy posts would be seen. With what part do you disagree? If every holder of a share only posted if it was positive and everyone who did not hold did NOT post...only positive posters would be left. What part part of that simple equation do you not understand?? I did not state that was the reality of the BB as you imply. In reply to DanThePan ..I did hold shares, but have sold them. If NCCL do become more than just a gamble I may reinvest. My post regards loan conversions was fair and not cramping. Yes I have reasons why I sold..that's why I sold. You have reasons why you hold...that's why you hold. The converters of the loans have reasons for converting....that's why they converted. I was simply adding a possible reason.
nberzins - "Don't see them running out of money completely but it will constrain their development plans, and kicking the can down the road another year before a re-rate." - That was said in 2016, 2017, 2018 and now 2019... It must be an awfully long road!
Malafuster -"Sensible to delist from TSX."- Why is this sensible? The only benifit would be to bring some extra liquidity to AIM. But how many of the investors in Canada are going to be happy (or even possible/ allowable) having their investment transfered to AIM? How many times was it posted on this board that there was a disconect re share price in FAVOUR of TSX. Just a day or so ago someone stated that they wish they good buy on AIM and sell on TSX! As TSX hold stricter rules regards the governance of companies is SDX looking to throw off the shackles of good governance and embrace fully the Wild West of an AIM listing? Maybe that placing isn't as far away as people think?
Cash pile not growing. Lots of CAPEX required. Until SDX hit a big reserve of oil it seems to me it is running to stand still. Drilling to commence Q3, long way off on aim. Like last yeat so many drills requiring CAPEX for what return? SDX is a well run company but is it a good investment?
DanThePan -"
Opinion: Strong Buy
Price: 5.25
RE: Gamble ( Aim )Today 17:36That’s fair enough azer, we are all different. Me, I never posted anything negative on any share I hold I simply sell up if something doesn’t seem right and move on, but like I said, each to their own" - It is your right and respect to you for taking that stance. However if everyone did the same their would only ever be positive/ fanboy posts on BB. No concerns would ever be discussed. A market is ALWAYS about buyers and sellers. Positive and negative feelings.