Member Info for Martinigirl

Jaglith, I hate to say this but you're wrong, after paying Goddards, George taking his repayment (plus whatever extra is in the deal), paying for the litigation with likely interest there's not going to be many of that 4.5 billion left to raise much more than maybe £3 million, which won't last them till the Summer at current cash burn rates and additional costings to factor in. Maybe a couple of months then it's back to the market again.

Snowking made an appearance in the telegramp group, he's obviously had a few, hopefully no surgeries tomorrow Tony "Difficult day tomorow but i reckon we go down earky then i terview will bring us bsck up We will be prisucubg soon and spodumene has risen a lot in last two weeks . We will be fine"

Noel been busy removing the dissenters from the group tonight despite there being some very insightful posts, I guess if you don't agree with their narrative then they'll kick you from the group. Always pays to have an alternative and even negative view, if uou know all the potential negatives, you can balance them against the positives and either buy, hold, sell or sit out. I personally can't see PREM as a buy or hold right now given the inevitable discounted placing.

Snowking knew it was coming, Tony always appears ahead of bad news so no doubt he's out again awaiting the placing. Deadeye once again looks like a fool, hope he doesn't teach economics as he's not very good at it. He's a bit better at marketing but shouldn't really be teaching his students to be as openly dishonest as he has been wrt his PREM propaganda on X

Gazza, you'll have to blame the poor grammar on George, I didn't write it. Unless of course you meant formatting of the post, in which case, it is indeed the copy and paste function combined with the LSE formatting of the copied text

The intended use of the dis-applied shares is as follows:

As announced on the 11 December 2023, Zulu open pit mining contractor, JR Goddard Contracting (Pvt) Ltd ("JRG") had

agreed to accept payment of a limited number of future invoices until commercial shipments begin at Zulu in Q1 of 2024. The

board believes that this share settlement is essential and should be maintained as such, 769,230,769 new ordinary shares of

the Company at the price of 0.26 pence ("JRG Settlement Shares") will be issued to US$2.5 million (equivalent to £2 million)

in invoices once the conditional precedents have been met.

As announced on the 9 August 2023, the board entered into a Loan Facility Agreement with George Roach (“Facility”). While

George Roach agreed to waive immediate settlement on the Facility to allow the Company to conclude the fund raise

announced on the 15 February 2024, the Company is now in breach of the Facility, and it is imperative that 370,000,000 new

ordinary shares are available to the Company to ensure that an agreement can reached with George Roach for the default

and also settlement of the Facility.

As reported in Premier Annual Financial Statements for the year ending 31 December 2022 under section 17 (Contingent

Liability), China Zenith Capital Ltd were suing Premier for a 3% net debt success fee based on Premier’s consultancy

agreement with China Zenith Capital Limited.

In spite of Premier having two independent legal opinions supporting Premier believe that the prepayment and offtake

funding by CanMax was a deferred revenue in accordance with International Financial Reporting Standards (IFRS), the

Arbitration hearing held under the rules of the London Court of International LCIA Arbitration was lost following a ruling

whereby the arbitrator sought fit to discount the definition of debt under IFRS and focus on a common sense interpretation

of the Engagement Letter that prepayment and offtake funding was contemplated under the debt success fee.

Premier refutes the judgment in the strongest possible terms; however, the arbitration ruling is final and binding whereby

Premier will settle Zenith Capital Limited award in new ordinary shares at prevailing share prices.

The remaining shares are intended to be used to bring Zulu into profitable production and general working capital of Premier

Never had any dealings with the SAS, SBS and Royal Marines and my limited field combat training really wouldn't be of much use to those extremely well trained and professional men and women. My vote will be counted when it's cast along with every other shareholders votes that are cast.

Billybob, if it doesn't get passed then PREM is likely done for, George knows this and will plead with shareholders to get it through. Canmax position will have a great deal of influence here so will be telling. Your 0.27 buys from last week not looking too good. I suspect 0.2p or less incoming tomorrow

Billybob, since you're so knowledgeable, why is the request for increased headroom being proposed as a special resolution?

That's a big number he's asking for. Placing incoming at what price though? Not looking good for Billybob and his schoolboy predictions

Therein lies the rhetoric of those that refuse to see an alternative viewpoint and are so blinded that they cannot see what is reflecting back at them in the mirror.

Clueless don't be an eponym, take a step back and be objective, what do you honestly see given all of the facts presented to you?

LTHs day traders and idiots all the same to me if they're holding, trading at current spreads or buying are all foolish imho. Best option right now is as that poster suggested, be on the sidelines, wait for the RNS, we all know, Snowking knows and so do the rest of the telegramp group that the EGM or conditional placing is going to happen, when it does the SP drops , so why not be sensible and wait for that discounted opportunity? Makes sense to me but then again I'm not being influenced by Noel, Deadeye, Snowking, Ross, Terry or any of the others in that group hoping to manipulate shareholders.

I'll quote Roberto from the group:

"I dream of an average of 0.36,mines 0.94 and im down my entire lifes savings,Christmas is cancelled this year thats for sure. Just gotta keep the faith"

Life savings, that's says it all, we should all take stock and start being a little more objective about what's posted here. Let's start debating rather than insulting

Wolf many years at sea taught me that, does George know not to though? Seems to be trying very hard against a force 10 from what I can see.

Gazza, you're correct, however Zulu is a PREM asset which can be sold to pay debtors should PREM become insolvent and it certainly wouldn't be valued by an insolvency practitioner at $200 million, they'd bite off Canmax hand if they offered to take it in lieu of the debt owed by PREM

Craig, Ricky is correct in that there is no loan to Canmax and the monies provided are paid back in the form of SC6, there are associated penalties with the none supply of product, including a hefty interest rate, which Canmax have various options to enforce.

What Ricky hasn't considered and perhaps is what you're alluding to is the question of what happens if PREM become insolvent, cannot produce SC6 and cannot raise any additional funding to continue with the project? At that point I suspect Canmax would rake Zulu as a whole along with anything else in terms of EPO claims and the EPO licence (should it be renewed) in lieu of the debts owed. The Chinese do like a good land grab and thisbisbthe reason they've been so patient, they're clearly not interested in holding any further PREM shares, so let George fail and seize the assets.

That video to me looks like an attempt to ramp up the SP ahead of a placing.

Dazed, you're correct in saying that he currently has no headroom for a placing. What you're forgetting is that he has the ability to do a conditional placing which allows him to raise funds conditionally on shareholder approval at an EGM, that way everything is in place for him to get the money immediately if shareholder approval is forthcoming.

I see Snowking has been back in the telegramp group and in here. The group are also promoting the fact that at zulu there's Tantalum valued at $20 per kg or as Ross will keep telling the group $20k a tonne. Yes it's there, yes it's actually the primary mjneral at zulu, lithium was secondary but none of that matters, the Zulu plant has no Tantalum circuit so whatever Tantalum is in the ground remains in the ground remains in the ground or in the tailings. It has absolutely no relevance to the lack os SC6 production.

Zulu has major issues that couldn't be resolved by Stark and won't be resolved any time soon by either the PREM engineers or the OEM people. It's a complete sh!show and the 6.17% George claimed they've allegedly produced is somewhat dubious, his body language suggests he wasn't being entirely truthful.

Snowking being back on the weekend ramp says it all really, time to get out before Tony profits on your buying.

Nelly if I was spending $36 million on something which I found out had issues that affected the profitability of my business I'd be at the factory every day making sure they fixed it properly and certainly wouldn't be swanning off on all expenses paid overseas trips.

Dykee, the buck does indeed stop with George and if he's been told something is wrong, like any good manager he should say "show me" and then discuss and work on a solution to fix the issue and once its been fixed, check to make sure the jobs been done correctly pr have his own people verify that work done by contractors is up to standard. Take the issue with the sensors, this problem was first identified around a year ago, should have been a quick fix back then but either wasn't done or was done badly, there should have been regular checks that work was being done and regular meetings to highlight deficiencies and confirm that effective corrective action has been taken. As CEO George is accountable for the actions of his employees and contractors, instead he buried his head in the sand with "no reason not to believe" he really should know by now not to trust anyone he contracts to do work as they've all lead him down the garden path, just another sign of his incompetence and unsuitability for the position he holds.

MammaC, as useless as George is, those director deals you refer to were the sale of shares to raise capital in order to provide the company with a loan, one should however call into question the manner in which they were sold.

Things certainly aren't going well at Zulu. Stark gone and PREM engineers now taking over, engineers that have spent the last 2 years working alongside Stark on a plant that's not fit for purpose, if they knew what they were doing they would have told George long ago that Stark weren't up to the job. OEM to assist with the "remedy" Meaning there's still major issues that require fixing. Complete survey of the plant required - perhaps George should have had the plant designed and built from the recommendations from the scoping study rather than do it on the cheap. pH issues still exist and require further work but they've fudged something together to get it working for the time being. Thickener integration to be completed next week, wasn't this supposed to have been done last month? Shutdown required to clean out the flotation section, that's going to take a while! They floated some SC6 yesterday how much? Probably not a lot or he would have specified an amount. Sorters still not working and incapable of sorting black from white, so hand sorting it is with the new team employed to inspect the ore.

I'm sure there's lots of talk of compensation etc from Stark, PREM won't get a penny, Stark haven't got the cash.

There'll not be any shipments this month so that's another $3million added to the Canmax bill.

Agree El-Gel and he's back with his rampy inferences in the telegramp group.

Nearly 2 weeks now since the "production" RNS, still no confirmation of grades or clarity on the "Minor issues" This is reminiscent of when they were previously producing and had a warehouse full of "product" but shareholders were never told of the grades, Snowking was ramping it back then with immense profits coming from mythical grades. No grades released equals no saleable product produced, no clarity on the fixes having being completed equals plant still not fit for purpose.

I fancy Tullyhill in the 13:30 not great odds at 3/1 but the ground suits, a real mudlark