Member Info for kaltersee

Seagul19

A bit of a stink might still be bearable. But PREM is the height of failure, and nothing will change because the raw materials (ore) simply don’t deliver what those incompetent managers from the very start promised. It will be possible to produce SC6, but only at a price that won’t turn a profit but will instead generate additional costs. So the years-long endeavour has gone down the drain. GH should have the guts to admit this and shut the place down. Any further tinkering is doomed to failure and will dilute the little money that’s still left in the share business.

Premier African Minerals Ltd, down 14% at 0.01725 p

PREM is on the verge of the next phase of headroom consolidation within its trading range. The air is getting thinner and thinner.

The story of fools

Of fools and those who lie to themselves for their own gain.

The forum is full of self-important people who won’t accept other opinions.

Those snappy, trendy one-liners don’t help at all. Even Trump, if he were to take any interest in PREM, would just laugh at it. That says it all.

The number of mistakes PREM has made throughout the entire installation process is staggering. The debacle began with a fundamental misjudgment of the ore composition. Early investors, including Canmax, were forced to bear the cost of this mistake.

Nothing has changed since then. One must continue to ask whether it makes any sense to invest further in what increasingly appears to be a black hole.

Even the latest so-called "positive" RNS announcements provide no indication of when PREM will finally begin generating revenue. This lack of clarity reflects the continuing uncertainty surrounding the project.

RNS has confirmed that they need funds for further tests to prepare the ore. PREM is now back in the G.R.P. ( GR-phase ). Promise not kept, next deadline announced, funds required, SC6 not certain, only internal test results, shareholder value in weiter Ferne, bitte warten.

Wheelbarrows to take the pennies from the next round of funding to the bank?

J.A.R.M. release extended by 30 days; further financial support is required.

J.A.R.M. are delighted that in 5 days’ time the wait will be over and PREM will start producing concentrate, marking the beginning of a new phase.

PREM will enter a financially positive phase and generate revenue to reduce its debt. Furthermore, no further share placements will be necessary as PREM will be financially independent.

The countdown is accompanied by a period of radio silence. Surely they’re not going to miss the deadline now? That would be disappointing and might bring to mind the former CEO’s past behaviour.

#SYN Recent workovers on the Cambay PSC have involved the commissioning of sucker rod pumps (SRP) on legacy wells, most recently on  C-19z and C-08 boosting oil production to over 150 BOPD.

Here we go. One step further with every new day. In six days’ time, PREM will deliver the first sacks of concentrate and use the revenue to pay off the debts incurred. The share price will recover, thereby rewarding all shareholders. Glorious times lie ahead for us.

Things are starting to get exciting now. The first sacks of Li concentrate will soon be shipped. PREM can prepare the first invoices and reduce its enormous debts. PREM, go – the world is waiting.

🍾🥂

The behaviour of the entire board, including the CEO, is beyond unacceptable. It reflects a shocking disregard for shareholders and basic standards of integrity. Investors deserve to know exactly who is responsible so that others can avoid being exposed to the same risks and misconduct. This has been one of the worst investment experiences imaginable. The company's leadership has failed completely, and the situation is nothing short of outrageous.

True😭

There isn't even a sign of life from him. Has he perhaps been dead for some time?

How long can he carry on like this – until the company goes bust?

What a job – just raking in the cash.

Does the bloke who runs the company pay himself a monthly salary?

Very low share price: 0.020 pence PREM is a classic ‘penny stock’, suggesting significant risks and a troubled history.

Massive volume of options: 2.4 billion new options in one go is exceptionally high given a market capitalisation of just £7.53 million.

Risk of dilution: With 2.51 billion shares already under option (approx. 6.4% of the share capital), there is a risk of significant dilution for existing shareholders.

Wide spread: A bid-ask spread of almost 8% indicates low liquidity buying and selling are expensive.

Remuneration despite tiny market capitalisation: Generous option schemes at a company with a market value of £7.5 million raise questions about governance.

Conclusion

This announcement follows a typical pattern seen in many small AIM exploration companies: management remuneration is structured through options because there are no cash funds available. This is not unusual, but the overall picture of penny stock, low liquidity, high dilution points to a highly speculative company with significant investor risk.

The losses from this money pit just keep mounting, and any prospect of a realistic share price will be washed away in the next round of dilution.