Member Info for kaltersee

Mouthpiece Anunnaki is a saviors of the losers. :-)

Anunnaki, I’d like to encourage you to write a few lovely reviews about a company that has missed out on a major market opportunity due to incompetence.

Time will tell how things pan out - just one more day, and the Q2 will be upon us. Yet there are already reports of new, time consuming testing phases.

It won’t be long now; June 30 is fast approaching and the second quarter is drawing to a close. Then we’ll see how many placements we’ve actually secured and how much SC6 we’ve managed to achieve. I hope your dreams come true.

For an investment in PREM to potentially pay off, the price of spodumene concentrate would probably need to be between $15,000 and $20,000. Unfortunately, this prospect is rather unlikely.

Jaglith

All this suggests that PREM has long since degenerated into a playground for speculators, gamblers, short sellers, and short-term traders. Individual actors appear to be attempting to influence the share price through targeted propaganda. Anyone currently seeking serious information here and potentially investing on that basis should be aware that they maybe are knowingly throwing their money away.

Anunnaki

No baby would be crying if the scale of past incompetence hadn’t surpassed anything the market has ever seen. The investors who, according to the CEO’s report, were supposedly queuing up were ultimately shocked to see how the PREM competitors extracted spodumene relatively effortlessly and successfully on the basis of a preliminary feasibility study. Now they are benefiting from rising prices and reaping the corresponding profits. The former CEO pompously claimed that he did not need a DFS.

That is simply how it is: the past often determines the future.

Acker says:

“SC6 can still be exported, but only by companies like PREM once their flotation plant is commissioned and approved.”

Unfortunately, however, PREM has not produced a single bag of SC6 for years, and the company has neither commissioned nor approved the product.

But over the years, PREM has managed to issue numerous press releases announcing placements. That is something PREM is good at, and they will continue to do so.

Acker:

“Very early Q2 Zulu to receive a fresh injection of capital.”

Keep dreaming – anyone who believed in GR has been left high and dry. The flood of placements will continue until the dilution hits the tip of the nose.

Acker

If it seems as though I have offended the shareholders, I must apologise.

That was not my intention.

Otherwise Share Talk: “Premier African Minerals, progress, pressure, and the Zimbabwe overhang”

Kaltersee

Jaglith today 07:57

Pilbara isn’t the only better alternative to PREM. Anyone with half a brain will take a look at Atlantic Lithium. The company that the PREM cult in the Telegram group has looked down on and made jokes about. A quick glance at the share price says it all, and ALL has, moreover, recently obtained all the necessary certificates and approvals for the production, sale and shipment of spodumene. PREM is still a long way from that. Anyone who’s been following this for a while will remember George Pinocchio’s attempt to ship a few sacks of substandard spodumene. What came of it? Mr G.P. returned with his tail between his legs, and from then on we heard nothing more of his attempt to ship spodumene. PREM believes it can supply and sell, but they are completely off the mark; the Zimbabwean government wants a share of the profits and may only allow pure lithium to leave the country. Then the diluted shareholder management and their investors can work out for themselves how to finance a processing converter in Zimbabwe. Even if they do receive permission to ship spodumene, they should revise all their calculations, as new licences will drag out the race to catch up with the diluted share price. These people, these naive amateurs including their family, they still have to learn a lot. Graham Hill is not to be envied.

All the talk of war in Iran and high lithium prices cannot compensate for the dilution. It is worth bearing in mind that lithium is mined worldwide and that, alongside PREM, there are other companies that do not have such a history of dilution. These companies can reinvest their profits and boost global lithium production, which will quickly bring the price of lithium back down to a normal level. Thus, this euphoria could come to an abrupt end. Those who can afford to invest a great deal of time might perhaps recoup their investment in the distant future; that is all. Nevertheless, PREM remains a speculative venture and not a reputable public limited company. PREM’s reputation has been ruined by G. Pinocchio.

RLL93, That is absolutely true, and for some people here, talking about the old regime is frowned upon. However, as long as there are family ties to Regime 1, they are still involved.

ProfitBags, that’s right, and it’s not yet clear what quality the 5,000 tonnes of rocks will be after processing.

The funding process:

1. First funding round → ‘growth capital’

2. Second/third round of funding → “working capital”

3. More and more rounds of funding → smaller amounts, worse terms

4. Investors lose confidence

5. No further funding → collapse

Very few companies manage to survive across several rounds of funding over a period of years.

Around 5,000 tonnes of ore are currently in stock at the ROM facility, ready for early commissioning. Of particular interest here is the quality of the spodumene and the grade within this material. We could then return to the old, highly contentious issue.

Spodumene Concentrate 6% Li2O Index CIF China

SMM-Li-SC-001

USD/tonne

Collect

2,072

+44

(+2.17%)

Gordon, that’s putting it very, very mildly.

I wonder if he’ll hear that?

Anunnaki, you mentioned that my last post made you smile. I can well understand that; I feel much the same way, especially when I hear or read news about PREM.

It was particularly amusing when GH mentioned in his video that his project is due to be completed by the second quarter of 2026.

Such timelines have, by now, developed a rather unique … reliability at PREM.

Are you actually aware of how many announcements from PREM have accompanied us over the years and how many placings have been presented with corresponding optimism? And how many of them are likely still to come?

In any case, I look forward with interest to the upcoming press releases and your comments. Because the picture will surely continue to come together step by step. And perhaps that will give me another reasons to smile. :-)

Acker, I understand that many are trying to spread optimism. Nevertheless, the fact remains that years of share dilution resulting from mismanagement have led to new investors showing no interest in PREM. Financing has now become the central problem facing this project.

After CEO GR spoke of an alleged ‘queue’ of interested investors, no concrete news regarding these investments followed. Against this backdrop, the question arises as to how investors who have already put money into PREM are supposed to maintain their confidence after so many disappointments.

It is certainly positive that CANMAX appears to remain involved. However, this will only be credible once CANMAX and other potential investors publicly confirm their commitment. Otherwise, statements from third parties remain pure speculation.

Ultimately, the question also arises as to who – apart from the small shareholders – is bearing the brunt of this significant dilution of the share today, if not even new investors are prepared to participate in this fantastic project.

Anunnaki, CANMAX wrote off its stake in PREM a long time ago. If CANMAX had even a glimmer of hope regarding PREM, they would have released fresh funds long ago. CANMAX has put its discussions with PREM on hold; just like many shareholders here, they all have been taken for a ride by CEO GR. This learning process gives every investor pause for thought. That is also the main reason why PREM can now only rely on gullible shareholders to drive the dilution further into the stratosphere.

Anunnaki, you can’t hide the truth. The dilution of PREM is astronomical, and there’s no end in sight, as savvy investors would never invest in a bottomless pit. You should know that too.