Member Info for Marcuspd

Jag, do you get paid to spout lies and negative stuff about this share, or do you do it for fun?

If you won't stick to fact, you'll go on the filter list too.

I don't mind criticism of a share, but lies and misleading negative propaganda are where I draw the line on being part of the debate. You've been caught out doing both of these.

"Marcus - I’m not sure if that was said in jest. 1000 tonne production since 2015. So 8 years to produce a 1000 tonnes of product. Di you actually think that is good delivery? Maybe that’s why you are not concerned about all the delays at Zulu. For you if Zulu produces 1000 tonne of sc6 by 2031 you’ll consider it a success."

No, you lied and said it never produced. I just picked up on your clear and blatant lie. It only operated for 3 years as market price dropped on the concentrate. Even at that time, it was over £12,000 a metric tonne, so the mine had produced well over £15,000,000 of product in a 3 year period.

This is a lot smaller operation, but that mill has barely been used at that level and is in very good order.

It's a big bugger.

https://twitter.com/Premafrimin/status/1693910102263153101

RHA never operated?

"Total production from the RHA Mine was 1,247.65 tonnes of wolframite concentrate, containing 65% WO3.".

The mine ran recently from 2015 to 2018 and the RHA mill was recently refurbed, so is in very good condition.

Jesus H. Desperate now.

"What are the odds that they have the wrong sized rods? You can add them to the wrong sized screens."..

As this mill was in use previously? Jesus H.

It's best not to feed the green box trolls.

"with no clear detailed explanation as to why the plant is still failing..."

Watcher, are you a bit dim, being deliberately obtrusive or just lying for the sake of it?

We ALL know the EDS mill supplied by Stark is not fit for purpose and it's this holding production back. We also ALL know the RHA mill which will be used as a temporary measure, is now on site and Stark are aiming to get the new mill in by the end of the year.

It's these sort of lies and deliberately misleading posts which get people on to my filter list.

See ya. You add nothing to the debate but lies and misleading assumptions.

It's on filter for me now, along with a few others who are clearly just here to spread negative lies and guesswork assumptions, in an effort to lower the SP. It's boring and adds nothing factual or of substance to the debate.

"I'm waiting till next year"......

By which time the horse will have already bolted.

Wrong quote. Was trying to quote, the now filtered MartiniGirl pure guesswork.

Making things up to suit an agenda, is not opinion, it's guesswork.

Until the plant is producing again, I'm not sure costs will be that high.

"Say 50 workers at $500 a week average, that's only $25,000 a week. Add on another $50,000 for diesel, spares and general running costs and that £1.75M ($2.25M) will go 30 weeks.

Stark are paying for the plant, so there may be no need for a placing yet if you're not a glass half full investor who got out thinking the price would get lower, not higher. "

More complete guesswork ASSumption from Babycham girl. You're boring me now,. Time to block.

You have no idea that the money has already been spent, you're making things up to suit your agenda.

Until the plant is producing again, I'm not sure costs will be that high.

Say 50 workers at $500 a week average, that's only $25,000 a week. Add on another $50,000 for diesel, spares and general running costs and that £1.75M ($2.25M) will go 30 weeks.

Stark are paying for the plant, so there may be no need for a placing yet if you're not a glass half full investor who got out thinking the price would get lower, not higher.

"Just looking at this what a poor state of. Affairs 103m for a company with so much potential and 34m of kit and plant Li3 circum MNH and EPO such poor management"...

Yawn.... If they manage to turn a patch of earth into a producing mine in the middle of nowhere, in 12 months, you'd better be ready to eat your words.

i would suggest you sell your prem and buy into the higher risk and more expensive kod, but by the sound of it, you've already cashed out of prem and are now desperately ****ging off the share to try and get back in without making a huge loss.

"Marcus - So you agree that Stark gave timelines while not understanding the plant and it's issues. And that they were so confident with the timelines that they were put in an RNS.

So maybe now they also don't understand the plant still. As you say, they didn't understand it in May while believing that they did. I'm surprised you are struggling to understand that. I know you you're just seeing the May RNS now, so might need time to understand it's significance.".

Ah, that old chestnut again.

Weren't we told that if they could have gone another route, where the plant design could have been more accurate to the needs but would take a year or two longer, so Prem decided to go for the quick route and face the inevitable corrections, as this way will still be quicker to get the goods to market?

Wasn't it around this time last year, that Zulu was still a patch of dirt in the middle of nowhere? We now have a mine with it's own dam, which could well be a commisioning of a temporary mill away, from producing a very valuable and in demand product?

Still think it's too risky? Sell up and buy KOD in Mali, which are more expensive to buy and years behind in progress.

"Marcus - you must have missed this RNS on May 25. I'm surprised you missed it. It's seems you follow this company really closely and missed a pretty big RNS with timelines.

George Roach, CEO commented, "The process plant is fully commissioned and capable of producing concentrate. The Plant Supplier has advised that the milling and sizing component of the plant requires certain limited modifications to allow for full optimisation to design capacity throughput. The Plant Supplier has provided details and timelines for this remedial action and pending completion of this work, has advised that expected production of concentrate to 30 June 2023 will be 1,376 tons and production for July and August will be 1,137 tons per month, increasing to 2,359 tons in September, 3,577 tons in October 2023 and 4,471 tons from 1 December 2023."

On May 25th, it wasn't known that the mill was completely unsuitable and not fit for purpose. At THAT TIME, they thought it could be easily modified to resolve the issue. As I understand it a completely new mill is now being built to be there by the end of the year. Meanwhile the RHA mill will get the plant running at a reduced capacity.

Which part of this very basic premise are you struggling to understand? Is it the concept of time, which you can't grasp?

"Marcus - since you've held shares for years, I don't remember you posting all this rosy commentary earlier in the year when Stark guaranteed 1300 tonnes in July and August. Did you not believe their forecasts then? and you believe their forecasts now?".

I'm not sure how Stark were guaranteeing anything in July and August when their EDS mill isn't fit for purpose.

I am more confident now, due to the mill expert they flew in from Australia, who is apparently one of the top consultants in the world, who says the RHA mill which we have to use until Stark deliver the replacement mill towards the end of the year, will do the job and is robust enough to be tweaked to up to 4,000T a month by speeding up the motor a little.

Let's face it, none of us expect 4,000T a month until the new mill is in, but anything over 1,000T will do for November to May 24, so there is contingency built in for delays, which as we've all seen are rife in this industry.

I trust the expert over de-rampers on forums.

roman. now that's desperate.

i'm not on teklegram, so no, not me.

i've held prem shares for years and only started posting on here when the pure bile being pumped on here to drive share prices down, was getting silly.

all i want it for prem to be successful. you'd like to think people like you who claim to be lth's would also want this.

i'm not major fan of gr, but the abuse he's getting on here of late, from purely unsubstantiated nonsense is laughable.

people complaining that he didn't pre warn the market he was going to dump £1.7m of shares is priceless! he is ruled that he has to sell the shares making as little effect on sp as possible. in paying a broker almost £20k to sell it so most never even noticed, he did just that and then got slated, for not giving people insider trading knowledge. unbelievable!

it's obvious what happened here. many lth's didn't realise his shares had already sold and dumped their stock thinking they could buy back in cheaper when they were eventually sold to market. as a result the sp is now rising and those who dumped are now facing higher prices to get back in.

just remember the same people slating gr and spreading fud, were rallying people to vote for him, a little over a week ago. since then all that's happened is he brokered a deal which is good for prem and realistically achievable, even with leeway for the odd **** up, plus he loaned prem £1.7m interest free.

Looking at the 20 minutes old trades on here, I presume a lot of those sells at over.46p must be wrong and must be buys at that price? Sell hasn't got over .45p on IG yet today.

"marcus a first shipment wouldnt be good news it would be feckin brilliant news !!!!! as i said it will be a long few weeks unless there is a good update

first potential good news will be the second hand mill has arrived that will stoke enthusiasm ... sp up

second its fitted ... sp up

third its working .... sp up up up

fourth the lorry is leaving .... boom

but its prem so what could possibly go wrong :("

sure, i get that. this is why i think the new deal is good for prem, as it only requires 1000t a month and first shipment is not needed until almost december. if gr can't get the plant doing that by then, even by prem standards of late, then we might as well throw the towel in,.

it's hugely achievable and has plenty of leeway to cover unexpected **** ups.

for one, there must be well over 1000t of partly processed material which they've been using to setup the uv sorters and hydro sizers. i remember stark showing a video of different piles of material, some pre uv sorting and some after it, showing how much whiter the purer processed piles were. if i was gr, i'd be keeping a couple of thousand tons to one side to cover the 1000t pcm just in case. even then, the "penalty" of $1.5m a month if targets are not met, is not a fine as such, but just comes off the loan from canmax as a direct repayment, instead of the pre-paid take off.

much to the usual frothing at the mouth from those trying to lower the sp to get back in, i actually thought gr did a pretty good job of the negotiations with canmax to get us this very achievable and profitable deal.