Member Info for Martinigirl

It rises because the MMs have a buyer but don't hold enough shares so want to try and attract some sellers. As we all know the free float is ridiculously low with those holding being for the main part long term investors and that's why the movement is quick. I'm not one of the major holders but have a little under 3% at 2.87% and I suspect there's quite a few others in the same situation and along with the notified major holders that's a big old percentage of the shares in issue.

I'm as frustrated as everyone else about the lack of news but also fully understand that these things take time and I have evey faith in the company to deliver. Someone posted earlier about some movements in the sector, as and when ALGW achieve the 2bn target they will quickly become the target of a takeover

MickyisMicky, why would I be held up in a Police Station? The last time I set foot in a Police Station was during my student days probably 1988 when my bicycle was stolen. One doesn't have to physically attend a Police Station to report a suspected crime and since I don't live in the City of London, my local constabulary would only refer my report to the City of London Police so a whole lot less cumbersome to submit the report directly to them online, the same process applies with the FCA.

In addition to my concerns previously noted I made the FCA aware of some additional concerns regarding historic transactions and the relevant RNS releases, specifically relating to George's selling of shares to make a loan to the company. There are a number of discrepancies which could border on breaking the rules and be subject to action under market abuse regulations. It would appear they George has a history of bending if not breaking the rules and this adds some weight to my report to the authorities, they will determine what action, if any should be taken.

The FCA have recently started clamping down on the rule breakers and pump and dump crews, which I must say is long overdue, the prosecution of the West brothers is a great example of bringing people responsible for social media pump and dumps to account for their actions. Some here should take note, social media anonymity is not anonymity when it comes to prosecution for market abuse.

That's absolutely shocking. Once you do the maths then it's clear and obvious (even by ignoring th Canmax debt) that a further 15 billion shares isn't going to be remotely enough to pay the bills that need to be paid, let alone run the plant for 5 days in late December or Early January.

George has clearly not been able to get the loan of £4 million he pretty much assured shareholders would only take 7 to 10 days. Now he's begging for approval.

The manipulation here is absolutely disgraceful and I do hope the authorities will investigate following on from my submissions to them earlier today.

The man has no moral fortitude and yet so many here continue to support him and Co tinted to be taken in by the likes of Snowking who is no doubt back in his box after selling down ready to reappear with a few more "What if...." scenarios.

Shark, I agree they're very common, however the lack of "speeding ticket" and supposition by the likes of Snowking and the rest of the Premmings, suggests there's a whole lot more going on than shareholders and the market as a whole are being made aware of. That in itself is worthy of the investigation I'm requesting. If nothing comes of it then so be it, however if there are findings of criminal activity then the company, NOMAD and certain individuals deemed involved could well find themselves subject to criminal proceedings and potential (although unlikely) a maximum of 5 years imprisonment. Does make you think and reflect though doesn't it, if what uou say on here in an attempt to influence the share price could well land you in prison with some not so nice people for up to 5 years, no matter what your profession.

Like I said, the report with the information I have from all of my sources, screenshots etc will be forwarded to the City of London Police and the FCA tomorrow, they have access to the relevant trading data wrt the equity swap which i do not have and can determine the relevance in order to make a decision if a criminal offence has or has not occurred and take the relevant action.

Ricky, the previous offence of obtaining a pecuniary advantage by deception was covered under the theft act of 1968 and was absorbed into the fraud act of 2006. If you had any legal knowledge or access to the knowledge of a KC then you would understand why I will be making a report to the City of London Police. They will assess the evidence provided and determine if a report should be made to the CPS for consideration of further action. The FCA will also be provided with what I have and have the authority to take action should they determine it to be appropriate

That's your choice and you qualify your decision with a particular emoji. Looking at things logically with all the evidential information available you need to consider that there are some serious questions that need to be answered, questions that have serious legal implications that could well affect your decision to buy and hold. I sincerely hope you consider those questions and the implications of the potential answers in your decision.

Shark, an equity swap can be on of numerous scenarios, therefore why I have been careful about how I've phrased things, this particular equity swap could be one which the company benefits from and therefore requires further investigation given the lack of "speeding ticket" Something doesn't quite sit right with me given the information that I have available, of there's nothing in it then we can all sit happy, if there is some merit in what I'm saying then it's likely the share will be suspended pending investigation. My report to the City of London Police will also be forwarded to the FCA and they as the relevant authorities will be able to make a decision as whether or not trading should be suspended. You and others as shareholders can make your decision on whether or not to hold, buy or sell on the same information I have.

Not sure why I would have been banned but been in North Africa for a long weekend visiting friends so may have missed something.

Ricky, is what I've posted speculation? I'd suggest isnfact based on the speculation made by others. Please counter what I've stated with actual fact.

There is indeed an open equity swap position, we've been provided with the evidence for that. There has been no confirmation of the purported loan of £4 million guaranteed by the open offer.

Someone has profited from this Equity swap position, if they have done so through the loan to the company which hasn't been announced to the market by the company, then PREM, the NOMAD, and the equity swap holder are potentially jointly and severally culpable for a criminal offence contrary to the fraud act 2006, and tomorrow ill be asking the City of London Police to look into the matter.

Whatever you think of me and however much you disagree with what I have to say, it's impossible to deny that my questions about what is going on here have merit and require answers.

Unlikely,as they would want a % of Zulu which would require shareholder approval, as would a debt for equity swap which is being talked about in the telegramp group. I'm sure Toni "Snowking" Nargol will pop in soon with some pearls of wisdom and assumed knowledge: "What if (insert random scenario here to put seeds of hope into shareholders minds" and then sell down your position.

Two scenarios play out here as things stand with the current rumours and speculation.

1. Nothing at all is happening whatsoever and the staus quo exists with no financing in place and the equity swap position merely a gamble by an interested party and a potential open offer still on the cards with a possible loan available secured against the open offer.

2. A potential fraud is happening with the equity swap position that has been opened and not notified to the market with the owner of the swap obtaining a pecuniary advantage, and the company and NOMAD being complicit within the definition of "use, cause, permit" under the fraud act 2006.

RP202, No news is most definitely not good news. If this Equity swap is indeed to do with loaning PREM money then:

1. The market should have been informed ASAP after the swap was opened on the 27th November, here we are 6 days later and the market hasn't been informed. Could this be classed as market abuse?

2. George clearly told shareholders after the GM that the financing would be in place within 7 to 10 days. Over 3 weeks have passed since the GM, no news on the financing or the Open Offer. Has he delayed releasing the details to allow the equity swap holder to gain a pecuniary advantage?

Additionally, whilst good for shareholders, the significant increase in the share price since the equity swap position was opened hasn't been accompanied by either positive news from the company or a ""speeding ticket." Is the NOMAD complicit in potential market abuse?

I'd be interested to hear what the regulator would have to say about all of this. It's all a little suspicious and I think requires a closer look by the regulator to determine if anything untoward has taken place and, if that's the case then those complicit parties should be held to account for their actions.

I do find it amusing how some on here (Luthee in particular) need to learn to do the maths and provide a true representation of what's happening here. Massive volumes?, There's just over 36 billion shares in issue and around 879 million shares traded today or around 2.4% of the shares in issue, hardly massive.

Now let's look at some other maths about how today's increase has influenced the losses that the vast majority of shareholders have.

Buy price yesterday close Today's Close

1p 96.8% loss 95% loss

0.9p 96.45% loss 94.45% loss

0.8p 96% loss 93.75% loss

0.5p 93.6% loss 90% loss

0.2p 84% loss 75% loss

0.1p 68% loss 50% loss

Obviously as the buy in price decreases so does the loss but it will require a 100% gain for someone who bought at (what Luthee promoted as a bargain price) 0.1p to just get their money back. I'm sure pretty much everyone (Luthee excluded) can see that there will need to be massive gains in the share price for the vast majority of shareholders to break even.

We know there's a raise incoming in the form of an open offer which will be at a large discount to the previous days closing price so the SP will inevitably drop to that price or perhaps lower bringing all those who bought into the pump today int the PREM negative equity club. Imagine a 50 % discounted raise at today's close will then need a 100% rise in share price for those who bought today at 0.05p to get their investment back to break even. I suspect there'll shortly be a lot more very unhappy PREM shareholders. If I were George I'd get that open offer out first thing in the morning, assuming of course he's managed to secure the loan. I've a feeling today's rise was manipulated for just that purpose of getting a decent price for the raise. Even so still looking at around 20 billion in dilution.

You couldn't get the borrow to short this, full of crap

Jaglith, have you really shorted PREM? I'm not sure you could get the borrow for a short or was it just a spreadbet? Fair play to you either way it was an obvious short play from about 0.8p with all of George's promises at the time, coupled with the assurances of Geoffrey Madderson during his somewhat uncomfortable interviews.

Londuke, you are without a doubt Luthee and there's no point denying it, syntax, context and content analysis (all of which I have access to) say you are one and the same, so no point denying you've created at least 2 new accounts following on from your ban.

I've nothing further to add at this time as it's all been said but will emphasise the fact that George stated 7 to 10 days for the loan and now we are 16 days into the process. One should question the potential terms of the loan and just how big a discount they are wanting for the open offer. HE1 discount when they were over a barrel was 70% if I remember rightly and they weren't as desperate as George is. This has the potential for absolute carnage for shareholders.

No insider information. Everything you need to know is available in the public domain if you're prepared to do the research and find it. Alternatively you could continue to spout I'll informed uneducated nonesense.

Some of the benefits of being an ex forces boomer are a decent education, an ability to digest and analyse information from multiple sources to make decisions, an ability to read and understand reports and data and for those who were born and raised in English speaking countries a deep and thorough knowledge of the English language, word definitions and the nuances of using certain vocabulary at certain times.

Steve you seem to have attracted a stalker. As a fellow ex forces boome, like you, I understand the company and can read the accounts, safe in the knowledge that the numbers tell a story. That story is one of a company that is progressing, making significant acquisitions that require integration, that integration has a cost which is reflected in the accounts.

AUM increases will happen at little capital cost to the company as they have sufficient cash and assets that can be leveraged to accommodate the acquisition of those assets. Is dilution possible? Of course it is, it's possible for any listed company from the FTSE100 right down to the Aquis. Is it likely in the near to short term? I don't believe so as I said above the company has sufficient cash and assets to fund assets acquisitions that are already in the pipeline.

I know the company have developed a new product which will have a very unique USP aimed at a particular genre of clientele who have very specific investment needs. Should they decide to launch this product, and I've absolutely nonreason to believe they won't, then it will be a game changer for both the company and the sector they're looking at and will make waves within the industry.

Did a bit of a deep dive into VSA today and the companies they have and currently support as I thought it might be a good thing to do. I'd suggest anyone looking to buy into PREM now do the same to fully understand the most likely outcome from this relationship. It's certainly not a promising future for the company if past relationships with other companies are indicative of the future for PREM shareholders. George must really be desperate to get into bed with these guys.

Mannan, you're absolutely right to question why anyone is buying PREM shares right now. The only possible reason could be that they want to participate in the open offer. Why though? With the dilution the share price will drop to close to, if not below the open offer price which as it stands could well be sub 0.02p. Otherwise, as we well know with AIM stocks, little research has been done and they're throwing good pocket money after bad. The high value trades have dried up meaning anyone serious is now sitting on the sidelines and it's just the pocket money investors left willing to lose their paper round money against having a good night out if some sort of miracle happens

Craigawilde, your statements whilst generally accurate do not truly reflect the situation with PREM. George hasn't constructed a mine in 2 years, he's constructed a pilot plant contrary to the recommended design for the ore body. Yes he's done it in 2 years and as we all know it doesn't do what it was supposed to do, he's had a lot longer than 6 months to achieve saleable flotation and now expects shareholders to believe that a simple alteration to the reagents is all that's needed to rectify the problems the plant has had for over 12 months, or maybe just some resized flotation cells that he hasn't ordered despite knowing this might be a solution for at least 3 months. I know if I was running this operation and it had problems that a solution was identified 3 months ago, I'd have gone down that route there and then. George doesn't seem to work that way, or maybe as we all knew he hasn't the cash to pay for it.

As for the dilution, there's no way on earth that dilution, especially on the scale of a potential 25 to 30 billion more shares against the current shares in issue can possibly be of benefit to shareholders, it will at best pay the debts and allow for the company to keep paying George and Brendans wages until the end of the year, with a 3 to 5 day plant run thrown in which will achieve nothing other than to prove more work is needed and more money will be required to fund that work.

If you've watched the GM video and the Stockbox interview, George is a tired old man, he's out of his depth but won't admit it. His body language speaks only of an inevitable surrender which is the end of PREM, he's just going to fight it for as long as shareholders will allow and this CLN type f financing is th final nail in the proverbial coffin.

This progression of events is clear and anyone believing otherwise should add more, average down, max out a credit card, use the money for a house extension, take out a loan, take out a payday loan, contact the local loan shark and put as much as possible into PREM, but remember folks there's a risk and the risk with PREM is you're pretty much guaranteed to lose everything.

None of this is financial advice, I'm not a financial advisor and anyone looking to invest in PREM should seek independant financial advice.

I'd also recommend psychiatric advice too, just in case.

Mugwump, there are abundantly logical reasons for the share price being so low:

1. Zulu has not and at this time cannot produce SC6 in saleable volumes despite repeated assurances that this next fix will be the one.

2. PREM does not currently have the support of its major shareholder. Canmax could easily have chosen to participate in recent placings to maintain their percentage holdings, they chose not to do so despite having first refusal

3. George Roach chose to go with a plant design that varied significantly from that which was recommended from the original scoping study. Had he spent the money wisely on a plant that could do the job PREM holders would be sitting on significant profits right now with a plant producing SC6, he did not and shareholders are paying the price for that.

4. We've been told unequivocally that PREM has no money and cannot turn the plant on until a convertible loan is in place that will provide the funds to see if the proposed reagent alterations work at a cost of about $150k

5. I'm confused with your statement here, it doesn't make sense "There is no question the mine ore concentrating plant does not work. It does work; right now it works. It just hasn't been turned on yet until the tweaking is completed."

There is no question the mine doesn't work, suggests you agree it doesn't work then you state it does work, there's zero evidence to prove the plant works to produce SC6.

6. The actual reality is that PREM needs cash and can only raise a maximum of £5 million which after fees won't last beyond December and there's zero chance of Zulu producing any saleable product before the end of the year.

Anyone looking objectively at PREM can clearly see all the issues, George having to go down the CLN route ahead of what will be a massively discounted Open Offer smacks of desperation to keep paying his wages. He knows full well the company is done for, you could see it in his body language at the meeting, he's defeated, he knows it and is now fighting for whatever he can get out of it.

Wullie, I'll take the compliment, but as I've told you before my name isn't Jane, George however, as usual was very careful with his words, he didn't say that other parties would be visiting the plant, should they find the money for a short run, he said it gives interested parties an opportunity to visit. Two very different things.

Additionally, I'm intrigued as to what value any potential JV partner could see with PREM, the Canmax offtake agreement would most likely offer no benefits to a potential investor.

Enjoy the Buckie!!

As for Snowking et al being criminals, sadly only there actions are criminal in a moral sense rather than a legal sense. They've played the rose tinted glasses wearers with their clever insinuations and "what if" statements along with their suggestions of conversations and emails with George. Snowking and Noel in particular should be ashamed of themselves and their manipulative coersion of innocent naïve members of the telegram group and their refusal to openly discuss member concerns . Deadeye to his credit at least admitted to trading off of the back of the rumours that were being spread and the leaking of information whilst in cahoots with Geoffery Madderson.

Hopefully now everyone can see these people for exactly what they are, and no longer listen to their narrative. Snowking won't come out of his hole now until after the open offer where I'm sure he'll have bought millions more (of course after having sold down his current position).

I'm glad to read that Hasiba has finally seen through George, sadly it's too late for them now to recover any value from what I believe to be a very large investment.

Wullie mentioned buying at current levels as he sees value, I don't get it. You know that whatever happens on Monday at 15:30, there will be a raise before the end of next week, be that the 9.5 billion he's asked for through traditional methods, or in excess of 15 or 20 billion through an Open Offer, both of which will be heavily discounted, the latter significantly more than the former.

If you truly believe that PREM can somehow turn around the mess it's in, then you're better waiting until after the GM and buy the discounted Open Offer. Whilst you'll most likely still lose all of your money, you'll get significantly more shares for your money than buying any time before the raise is announced.