Member Info for Martinigirl

The only thing that's clear from the volume today is that there is in fact very little demand for PREM shares and a great desire to sell, hence why sells have outweighed buys by nearly 3:1 hence why the share price has fallen another 8% today a notion which is beyond the ignorant who seemed to think this was a bargain at 0.027 and are now sitting on a 32% loss on that bargain purchase alone yet still seem to bleat on about volumes and bring nothing that is constructive to the discussion.

Anyone for a discounted placing by the end of the week? The man in the hat reckons there could be one as early as tomorrow

Once again Stormpiper/Quagpalm/Luthee brings nothing to the discussion other than accusatory and generally inaccurate statements.

I'm still awaiting your bull case for PREM or are you so inadequate and intellectually challenged that you cannot provide one.

For the benefit of any doubt, I'm 55 from Yorkshire originally but now residing on the South Coast. Not obsessed, not at all biased just use the information available (again still awaiting your evidence / case to convince me I'm wrong). You call me workshy I call you a moron, one of us is right and it's not you. I'm technically unemployed but after more than 2 decades of serving my country and another near decade of running my own company I think I'm entitled to enjoy retirement and the ability to spend my time doing whatever I want to do, whenever I want to do it . I'm most definitely living in the real world, you on the other hand live in a fantasy world where PREM is a viable interest and the Kleenex are plentiful.

Keep telling us all that the buys are plentiful and yhe market loves PREM, all the while the share price continues to fall, perhaps post a news article from a year ago all in support of your illogical irrational thoughts.

When George places again either this week or next, which he most certainly will, come back to me an tell me just how good an investment this is when your 0.027 buys are languishing at 0.01 or lower.

I've had a lot of success on the markets (and a lot of failures) but I've always known when to call it a day on a bad investment, PREM is an appalling investment and anyone thinking that there's an opportunity here to make money is deluded, even if they think there's a trading opportunity, which there most definitely is not. This company is done for, no cash, no opportunity to raise significant cash and massive debts that far outweigh the assets. George will continue to milk it for as long as he can, taking his salary and fees, all the while owing his staff in excess of 400k in salaries, monies they desperately need to feed their families whilst George dines out and drinks the good wine and whisky.

Jaglith, you won't get an answer, Quagplam aka Stormpiper aka Luthee doesn't answer questions, they don't provide any factual information on the company which can be debated. They merely make accusatory posts and comment on irrelevant numbers of alleged buys and sells, numbers that they clearly don't understand.

I asked them about a month ago to give me an investment case for PREM, no response other than to be accused of being workshy.

The contractors who have been paid in shares will have first hand knowledge of Zulu, they have chosen to sell all the shares they have historically received and are now selling the approximate 1.1 billion shares they recently received. The share price is slowly dropping to reflect the fact that for whatever reason some people enjoy throwing good money after bad and are merely allowing the contractors to exit their position by buying those shares, as evidenced by the larger volume trades we have seen of late. They want the cash that George couldn't give them because he hasn't got it, the money he raised recently he needs to keep paying his wages and consultancy fees. I've emailed the company and George directly and asked exactly what the funds have been used for with reference to the RNS which stated what it was needed for but to date have had no reply.

I note that the X account has posted a picture of the mill turning again today. That's great to see, keeping the assets in an operational condition is good, but it doesn't matter one jot if the equipment works if the plant doesn't produce what it's supposed to. Could this video just be a visual confirmation to a potential purchaser of the mill that it still turns? Could George be looking to sell what Zulu assets he can before Canmax take their stake in April? I wouldn't be surprised, he's as desperate as a desperate CEO could be.

Shark, I fully appreciate what you're saying and to a certain extent I agree, in the investing world 18 months is nothing. However, those that have invested in PREM have invested in an AIM listed company, traditionally these companies are speculative investments that provide big gains over short time periods and that's been true of PREM, however these companies are high risk investments and the price can plummet as quickly as it goes up, especially when the company fails to deliver and has at best an incompetent CEO and at worst one that lies to shareholders to maintain a lifestyle. I think we all know where George Greville Roach sits within these parameters.

I'll say it again, I cannot see any logical reason for buying, or even holding PREM shares, the company is essentially bankrupt and has no future. The logical thing to do right now if you hold PREM shares is to sell, take what you have, learn a lesson on who to trust and move on to another investment.

I was a warfare officer in the Royal Navy, warfare is very much like investing, you continually assess the situation, take in all the available information and sometimes as painful as it is to your pride you need to retreat and remove your ship from the battle, the vessel and crew (your investment) are the priority. A damaged ship can be repaired and continue to fight another day, one at the bottom of the sea..........

Shark, I wholeheartedly agree, however the mid and large cap space doesn't move quickly and the majority of PREM holders are down way too much to get the returns they need for break even over a short space of time. Small cap, low free float, main market is the way to go and ALGW (amongst others) fits the bill perfectly.

Jaglith, that just won't happen as the Canmax debt is secured against Zulu.

My best guess as to how things progress from hereon in is that George waits until the contractors have finished disposing of their shares, which at current volumes will take quite some time to shift the over 500 million shares they've got left. Once that's happened he's only got one option now which is a death spiral route, whatever that may be, at a very large discount to the prevailing share price at the time.

All that said, I'm not convinced that even the death spiral providers would be willing to consider loaning money against PREM shares right now as the risk, even for them, would likely be way too great.

Nothing has changes here. What's interesting is that there are some believers who are willing to buy shares whilst the contractors are selling their 1.1 billion. Speculative, wise or foolish? Speculative? Without a doubt, wise? Unlikely, foolish? Most definitely so. Anyone buying now is merely providing the liquidity for the contractors to exit their position, they're not interested in holding, they know exactly what's happening on site and they want their money. George persuaded them to take shares, the alternative was legal action as PREM has no cash to pay the bills.

Raaydaar, I'm also invested in ALGW, obviously not to your level but a healthy amount and I completely agree with that as a viable option to recuperate losses here. It's unlikely to get all the money back but would go a long way to not having to explain to the significant other about the PREM losses.

Can anyone provide me with a viable investment case for PREM right now? The buyers are clearly here, what do they see that I cannot?

I too think Snowking was a believer duped by George, however I also believe that he has traded this on the back of his substantial influence within the various groups and profited off of the innuendo and suggestions he has made to influence the more naive in those groups.

George will now look to raise as much as he can to keep paying his and Brendans wages and if there's enough left over for a juicy tomahawk steak and a 1996 Shiraz, followed by a bottle of a 40 year old Islay single malt then that's great.

I see you're conversing with yourself again Luthee.

Yes they are sells, along with the 300 million from yesterday they're not quite halfway through the shares they're selling. I expect they'll be finished by the end of the week withbthe last of the billion they're disposing of being sold around the 0.015 mark.

George has well and truly messed this up for all shareholders, there's no way back from this now, the downward spiral will continue until the inevitable insolvency. I'd give them 6 weeks, 8 at most if George can persuade someone to take a placing or arrange some death spiral financing.

Cue pointless comments and/or emojis from Luthee/Quagpalm/Stormpiper that have no substance or relevance to the discussion

Last throes of a desperate man. The contractors clearly know what's best for them, they know full well that the only option is to take the shares and sell them, I've absolutely no doubt that George has explained that to them; "it's the shares or nothing guys, we're broke but at least this way I can pretend that you might hold on to them and maybe some of my idiot shareholders will think that too. Just sell them, get what you can and I'll get a convertible loan note to cover the rest of what I've got. Should be enough for a trip to London to see if the idiots will give me more, especially if I tell them the future of the company is in doubt without the ability to raise further funds."

The man is an absolute joke, but at least he's done the decent thing and given the contractors an opportunity to get some of what they're owed. Doubt the Zimbabwean government will be quite as understanding or willing to take shares in lieu of a rather substantial VAT debt.

Jaglith, my apologies you are correct, DEV was a main market listed company with different rules. With that knowledge it's highly unlikely that George would seek to take PREM private, it's very much a binary play of Zulu works or bust, with bust being the most probable outcome knowing the current financial situation the company finds itself in along with it's proposals for getting into production.

Anglebox, it gives him time and money, plus he's no longer subject to the regulatory requirements of a listed company. He can pretty much do whatever he wants without reference to shareholders who would lose all voting rights.

Jaglith, delisting doesn't have to be voted on by shareholders, the board has the autonomy to do so. I'll refer you to my example of DEV where the board decided to delist, the RNS read as follows:

The Board of Dev Clever announces today that the Company intends to submit a request to the Financial Conduct Authority ("FCA") for the cancellation of the listing of the Company's ordinary shares ("DevClever Shares") on the Official List and trading on the London Stock Exchange ("Cancellation").........

Impact of Cancellation

Shareholders should note that following Cancellation becoming effective:

1. The regulatory regime which applies solely to companies with shares admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities will no longer apply, including disclosure of shareholdings, obtaining shareholder approval under the Listing Rules for transactions out of the ordinary course of business or with related parties.

2. The Cancellation may significantly reduce the liquidity and marketability of any DevClever Shares and their value may be affected in consequence.

3. The Cancellation may have taxation consequences for shareholders.

4. There will no longer be a public market mechanism for shareholders to trade in DevClever Shares, no price will be publicly quoted for DevClever Shares and it may be more difficult for shareholders to determine the market value of their investment in the Company at any given time.

Anglebox, it's extremely easy for George to delist the company. Shareholders would still be shareholders, however there wouldn't be an open market on which to trade to 50 billion plus shares that will exist at that time. It's happened quite a lot recently. One that springs to mind that I made a few quid out of was DEV (Dev Clever) got in at 1p with 5 million shares shortly after the IPO. Shares peaked around 47p (if I remember rightly) and the company was taken private by management around 30p and subsequently went bust. I'd gotten out around the 12p mark as I couldn't trust the CEO after he had blatantly lied to my face. Whilst George hasn't lied directly to my face he's certainly told enough lies in interviews to prove that like the DEV CEO, he cannot be trusted.

Share price is 10% down and rather than provide a business case for investing the perennial morons continue to make childish criticisms of others.

Stormpiper, Quagpalm, Luthee with each and every one of these posts you look more foolish and lacking in credibility.

Bring something to the discussion, surely you're not so stupid that you can provide a counter argument to all the negative assertions made here.

Give us some facts as to how and why PREM will succeed. You may just earn a little respect from the more negative amongst us.

Yet another pointless post from Stormpiper that brings no substance to the discussion and seeks to simply criticise another poster for a minor spelling mistake. Anyone with any semblance of intelligence can clearly understand what was being said. Sadly the morons continue with their poorly programmed bots or just continue to be morons.

Once again Luthee (quagpalm, stormpiper) provides more irrelevant information to the discussion. Still unable to provide anything productive to the discussion.

One does need to question if these posters aren't in fact very poor quality computerised automated posters designed to trawl the Web for information and post it as facts. If that's the case then their programming was written by morons, if it's not the case then they're just morons who couldn't argue their way out of a paper bag.

On the subject of ignoring questions Quagpalm (Luthee, Stormpiper) I'm still waiting for you to supply me with a viable investment case for PREM, or will you just continue to make meaningless irrelevant statements that provide no substance to the discussion?

Wolframite, I hope you sold some if not all on the rise to your 1000% or on the way back down.

I cannot envisage a scenario now where those kinds of profits could be made from PREM. In fact I cannot envisage a scenario where anyone could now make a decent profit from PREM, it's now a gamble for the traders. Next news is most likely another dilutive raise probably in the form of a death spiral type. George is just too desperate right now that he'll take whatever he can, whatever the cost to shareholders.

Luthee (Quagpalm, Stormpiper) I'd forgotten about your other alternate ego. I'm still waiting for that investment case. Rather than throw out the insults, surprise me and tell me why PREM is worth my money? As I've stated before I've got a lot of money to put into the company under certain circumstances, convince me it's worth parting with the cash now and you can run out of kleenex when you tell everyone about the massive 385 million buy

Luthee (Quagpalm) I'm still waiting for your enlightening investment case for PREM!