Member Info for Juste

Could I just point out that my comment regards 'insiders' was to give an alternate view posted by Otago that 'insiders' were happy converting their 10p loans at 6p. The assumption being they as insider's were happy taking a 40% cut. I was simply giving an alternate view. It cuts both ways. As far as insider's knowing and acting on information they shouldn't..It happens all the time on AIM, nothing is ever done against those who abuse the system.

"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.

Here is a quote from the 27th July Final Accounts RNS. "The Casa offer was due to close on 10 May 2018 and Premier elected to accept the Casa Offer. Premier received 6,128,822 new Arc Minerals shares ("Consideration Shares") for the 412,500 Casa shares it owned. At the closing Arc Minerals' market price on the 15 June 2018 (4.20p), the Consideration Shares have a value of approximately £257,410.52"
CEO secured his 300K loan (+30k fees for the loan ? Payable to CEO?) against the arc shares in June. At that time the share price of ARC was rising. By November PREM was virtually broke regards working capital, so no chance to payback the loan. ARC share price had collapsed...So CEO converts loan to 140 million+ PREM shares. Why? Because hecwas looking after his bottom line! Tough biscuits for LT shareholders of PREM. So CEO presided over PREM assests which are now worth half of what PREM 'paid' for. And changes the terms of his loan when he sees that because of this incompentance his secured loan is no longer secured.

Charlie1984- You actually don't read my posts properly do you? Every normal company uses its profits to pay for its expenses. Having money in the back to pay for wages is NORMAL. What is not normal is being broke, loss making and selling assets at what will be knock down prices to pay for wages. Fact- CEO's loan was secured against PREMs assets (ARC mineral shareholding) If company goes bust he is first in line to have those assets sold and he gets his money. Shareholders will be last in the queue. His last loan he instead converted to over 142 million shares. What is his 300k loan going to pay for? His 300k salary? A blind man can see that is not sustainable.

Charlie1984 _ It beggars beleif that the promoters/ rampers of PREM are now telling us that selling assests at a fire sale to pay for wages of a company that is loss making is a POSITIVE! If CEO gives another loan will it be secured (like last time)against what little assests PREM has left? In which case if the company folds he walks away with the asset while shareholders will get nothing. If instead he converts to shares, that is dilution. And what does his loan go to do....pay his own wage? Surely anyone with eyes can see that is a ridiculous circle which will destroy what little value is left in PREM. As I have been warning investors regards this share since 0.56p ..No I am not looking to buy this EVER.

The Ostriches still have their heads in the sand. Who in their right mind are going to invest in PREM? By that I mean other than naive PI's? No one. The company is broke! Mismanaged. It has either shut itself down or taking on debt in form of deferred wages because it can't afford to pay them. Next stop is being broken up with bits sold off, administration, or massive dilution with a last raise that will try to be fleeced from PI's via Primary Bid.

The only thing left out of that speech CF73 was the violin playing in the background! As far ad PREM feeding the families of poor miners is concerned, we know for fact that just as PEEM has failed UK investors, the poor mining folk of RHA have been unpaid or laid off for much of the time. I can imagine you telling the wives and children who complain to their husbands for ever getting involved with PREM rather than a profitable, well run employer, that they are just Trolls.

blackoil - I ivested in PREM in Feb 2017 because I believed from PREMs own RNSs about all the wonderful cash generative projects that were coming online. TCT, wolframite shipments from RHA etc. Yet quickly realised these were in fact failed entities being used as carrots to fleece Pis of their money via Primary Bid. I became an 'unbeliever' and sold for a loss in may 2017. Shortly after was PREMs first suspension from AIM for failure to have the acounts in order. TCT got sold off and where are all those millions from the shipments of wolframite? My opion is this company is either going bust or will at some time have a company restructure and share consolidation +/- a raise.

Just to add to my last post.. It is everyones individual choice as to whether you buy, hold or sell a share. Despite selling in 2017 I have been giving my opinion on PREM, especially when the ramp brigade go into full gear. You are free to disagree. What gets my back up is the many posts that push PREM as an investment simply based on rumour and blind faith.

My point is PREM is not an company for long term investment. Posters have been condemning me with the same logic ( LTH are underwater so we can't sell) when this share was 0.5, 0.4, 0.3, 0.2, 0.1 and now below one tenth of one pence. If you have never read Naked Traders book on investing do so. There is a great chapter that talks about the stupid mistakes investors make by holding on to a losing share and justifying themselves to continue to hold because they are 70% down etc. He ends by stating in the ( real) example he quoted the investor is probably still holding and for eternity.

I do honestly feel sorry for any genuine investors caught up in this fiasco. However LTH really should slap themselves in the face as to why they continued with a company that is so mismanaged it had for two years in a row been SUSPENDED from AIM. I remember the first time in 2017 the PREM fan club posting how investors needed to cut GR some slack and how difficult PREMS accounts were to balance so not to be too hard on him! Any wise investor should have rum with their money then and there. When they were suspended for a second year in a row for not producing their accounts there is really no excuse. There are so many decent UK companies on AIM I beggars belief anyone would throw there money away on PREM.

CF73 - Rampers like you have been saying that week after week for years. Its the biggest con slogan by rampers on AIM. If actual real, positive news that is not shareholder value destructive, like every other peice of "good" news PREM has spewed out, then people can buy. News of forming the newco will decimate current sharholder value. Zimbabwe government is not just going to hand PREM millions of dollars for free. EVERYTHING PREM has ever done has never been benifical to shareholders period. Any news whenever it might come will be touted by you as wonderful, transformational. However if there is any intial spike it will soon disappear. PREM is NOT an investment.

Bottompicker - It is the absolute nonsense and deception of guys like you that make me continue to post. PREM increasing 10,000% and "the Mrs putting 20k in her isa". You have no shame, and if ii posted what you actually are my post would get removed.

teapot- Your living in fantasy land. "Even if their is 25% more shares" . PREM has been churning out shares 100s of thousands at a time, every time it needs a little extra just to keep the lights on. ZULU is not going to happen anytime soon. By them PREM could easily be bust. If it ever does get to that current holders portion will be all but worthless.

2857mal -
"Juste you are posting here clearly to influence as others do , please remember others like you have not sold" - Of course I am trying to influence others. I have been open that I hope to counteract the misinformation of the ramper and plain foolish. I have been calling this for what it is since 0.56p! Thats an 84% drop or loss for those who listened to the "this is a bargain brigade" PREM is still nowhere near its true value which is almost zero. As I have said always so traders and rampers in on placing will make money but it will be off the misery of others. Continue to ignore the warnings at your own risk. I have an 84% reason for being happy with my advice.

2857mal - "when the reason admitted you brought this stock and sold out in 2017 was you READ A POST on this board." - You are the one who has made that nonsense up. I have never stated that! I said the same people saying this is a bargain at these current prices were also posting that PREM was a bargain at the prices when I sold (for a loss ) at 0.56p. I bought because I believed the statements in PREM RNSs were true. I quickly realised this was a Barge pole stock and sold as there appeared so many red flags. Those being assets bought that were RNS ed as going to be cash generative then less than a year sold off. Constant dilutive raises. RHA to be cash generative. Company being SUSPEDED from AIM for not producing it's results. The truth is PREMs RNSs are only good for toilet paper.

"Thats where trolling and derampers come into the equation on a board.

Which has been the most successful here?" ...

Hello, which fantasy land do you live in? I hope just a few genuine people do not get suckered in by deliberate rampers or head in the sand posters. I do not think my posts actully will affect the outcome of PREM or general travel of share price. That has been acheived by the companies failure to produce anything of profit but instead constantly dilute shareholders on broken promises. the current share price is because PREM is broke, is loss making and needs working capital that will come at a cost to current shareholders. There may or may not be a spike but it will quickly return to new lows. PREM is not suddenly going to have wonderful profits and cash flow.

Wile.E.Coyote - "In the worst case, assets exceed the current MCap.". Problem is PREM is loss making and broke. When will ther loss making ever resolve? Even the most ardent PREM supporter have been posting not to worry PREM can sell their assts for working capital. There goes your assets Vs MCAP. In a fire sale by a desperate, loss making, broke company do you think PREM will even get a fraction of what they think the assets are worth? I have always said some rampers and traders of PREM can make money off the misery of others.

Sure PREM might spike on baseless ramps as it has done so in the past. Though even the ramps are starting to wear thin and Private Investors are becoming wise to bluff. Also current market just won't accept the PREM nonsense anymore. If your lucky ( depending on your entry) you might escape with a profit or small loss. If , IF, you don't get blinded by the same rampers telling you the share price is now going to the moon. I doubt PREM will have the same sort of silly spikes it has in the past. You can fool some of the people some of the time but not all the people all the time. The same people pushing PREM here were telling me it was a 'bargain a these prices' when I sold in 2017 for 0.56p!

Surely the spat over the building of the wall on the Mexico boarder has to be having an influence? Donald Trump has come out as saying Mexico will pay for it. Latest announcements by him have said he knows he will not get a written check from Mexico, but that he will make them pay for it [in other ways]. As FRES is headquatered in Mexico could this be causing so investors to pull the plug?