Member Info for kaltersee

The dr is quite right. There is no evidence yet to suggest that anything has changed.

Q2 2026 is moving, and there are 10 weeks to go until the big bang.

“Not bothered at all, George Roach is no longer running Prem, there is a new sheriff and new management in town, no news is good news, unless told otherwise.”

Only the Roach family is still here.

If Richard knows all this, then hopefully it’s true. As the PREM experience goes, see it to believe it.

Forfaiter

That’s true. Whilst anyone can treat themselves to a huge, juicy steak in London’s luxury hotels, SC6 now has to deliver. And it needs to do so as smoothly as possible over the next 20 years. The share has long been regarded as crap.

Hi Acker, don’t get too carried away. We’ve had enough, and every one that fails is a sign of life.

Well,well

If Richard were finally to put an end to this worrying dilution of the share and restore some credibility to the PREM Shop, this could particularly in conjunction with a positive announcement from GH regarding its plans for the second quarter provide the boost needed to get this business back. Only a serious partner can breathe new life into PREM.

Looking forward to the end of Q2 and hopefully some news on SC6 production kicking off.

Also excited to see a new funding strategy that might finally move away from dilution.

After that, I’ll probably go ahead with my own little proof of concept.

Anunnaki, that’s a brilliant comment. I’m impressed by how quickly you’ve grasped this. Anyone investing in a company that – like PREM – isn’t building its mining business using either DFS or MRE is taking an extreme risk of losing a great deal of money.

Religious symbolism can be inspiring, but in the business world one should nevertheless focus on objective factors like:

Fundamental data

Market conditions

Management decisions

Blind religious optimism can be misleading and many PREM investors have had to learn this the hard way.

Hikewithcaramel, I bear no grudge, and I really couldn’t care less about Pilbara. It simply strikes me that there are certainly companies that mine spodumene, operate profitably and supply the Li industry. Exactly what I had expected from PREM as well.

But perhaps I’m being too harsh in my judgement. The company’s performance to date, its financial situation and the dilution do paint a picture that is open to different interpretations.

Acker, I really appreciate your feedback. I have no fundamental doubts about what you’re saying GH will certainly do everything in its power to turn things around somehow.

The only slight snag is that if the share price continues to fall like this, the ‘consolidation’ of the company just as in the heyday of the old regime will probably once again involve the usual suspects… namely the small shareholders, who have already paid a hefty price here. The dilution is likely to eclipse anything seen before.

What’s also giving me a bit of a nagging worry is the question of how much the old network is still pulling the strings behind the scenes. To be honest, I can’t quite bring myself to take a truly relaxed view of the situation.

Nevertheless, thank you once again for your perspective. I’m genuinely keeping my fingers crossed that your optimistic scenarios come to pass.

In the meantime, I’ll stick to my role, sceptical, but still interested enough to continue following your “dreams”.

Anunnaki, there’s something deeply soothing about your posts. There's almost something hypnotic about this stoic repetition. One might think you’ve made it your mission to dilute content until it becomes completely PREM style. A remarkable consistency.

Incidentally, I’m particularly impressed by how effortlessly you’ve apparently gained access to my trading account including that downright detective-like feat of deducing that I didn’t sell at 1 pence. Truly impressive. I’m still wavering as to whether I should send you my new password straight away or hand over complete control to you. Seems to be your speciality anyway.

Originally, my post was addressed to a very specific person. But it’s nice to see, of course, how you still feel compelled to contribute with your very own style of avant-garde gibberish. This mixture of self-confidence and utter irrelevance is certainly recognisable.

I hadn’t actually planned on anyone interfering, but there are just some people who manage to reliably enrich every situation with unsolicited contributions. Entertainment could actually be entertaining provided it contains at least a hint of substance.

Acker, you’re deluding yourself. It’s too simplistic to divide PREM into two clearly distinct phases. PREM is a coherent whole in which the legacy issues of the past continue to have an impact on the present. These historical burdens shape both the structure of the plant and PREM’s current financial situation.

Added to this is another serious problem: the significant delays and financial losses currently resulting from the fact that production is not delivering finished results.

Acker, in principle, everything is correct. Nevertheless, PREM remains a special case. One must consider the period during which PREM has done little else but present placements.

PREM’s management should have ensured stable, multi-pronged financing long before the current critical geological situation arose. These failures weigh all the more heavily today.

To now try to talk their way out of it with such arguments, of all things, in what is arguably the most critical phase in the company’s history, is, in my view, unacceptable.

The fact is. After years of inaction, it may currently be difficult or even impossible to find a convincing JV partner. However, the main responsibility for this lies with the management of this company, which has acted unprofessionally for a long time.

Anunnaki, your comments ultimately come across as diversionary tactics designed to distract attention from the unprofessional conduct of PREM’s management.

The fact is! PREM has established itself as a veritable "champion of dilution" showing little regard for the interests of its shareholders. A company that sees no other way out than to continually finance itself through its shareholders contributions reveals structural weaknesses.

This management is failing to provide the market with convincing arguments. If PREM’s future were truly as promising as you portray it, non-dilution funding should be a piece of cake.

Hikewithcaramel,

The constant dilution caused by share placements is the easiest way to raise money in the short term. There is little resistance from the free float. At the same time, this form of fundraising is a sign of weak management.

This approach increasingly undermines shareholders’ willingness to support the project in the long term. The current developments at PREM clearly illustrate the consequences.

Companies that pursue a balanced financing strategy whilst also keeping shareholder value in mind do not, as a rule, find themselves embroiled in the sort of discussions currently taking place here on the board.

The PREM management should therefore provide clarity as soon as possible regarding the status of efforts relating to CMC; statements here on the board that remain merely non-binding are counterproductive.

An RNS announcement regarding non-dilutive financing is long overdue and could give the project a new boost.

Anyone who fails to recognise this necessity should reconsider their place in management. Furthermore, PREM should clearly articulate a strategy for increasing shareholder value.

PREM’s approach to shareholder relations here is pitiful.

🐣

The "4. The Bottom Line" further encourages PREM to increase the "The Top Line Dilution". When will the non-dilutive funding arrive so as not to place any further burden on shareholders?

The time has come to stop burdening shareholders. The level of dilution has reached its limit.

Acker,

At a time when we may be facing the worst global energy crisis of all time in the fossil fuels sector, CEO GH is a genius if he isn’t worried about the cost of this energy.

The many attempts at reassurance here should not be allowed to overshadow the facts in order to create the appearance of success.

Kaltersee

Hikewiththecaramel,

It wasn’t the critics here who raised the issue of diesel. It was PREM’s CEO himself who brought it up, and he immediately suggested installing a solar panel system to reduce diesel costs and eventually eliminate them altogether. Diesel therefore remains a major financial consideration.

And now diesel is suddenly no longer an issue? Something doesn’t add up here.