Member Info for Martinigirl

Acker, Cheltenham always one of the highlights of our year, unfortunately can't make it up there this year. My tip for the gold Cup if anyone is interested is Fastorslow, name sort of reminiscent of PREM but a solid horse from a great stable however if it carries on raining the ground may not suit, doesn't run well on soft ground.

I don't think he can hold off updating shareholders any longer. In his last 2 interviews he stated pretty specific timescales for getting the lab results back and for the remedial work to be carried out. If he doesn't provide any sort of update or anything less than positive then the price will most certainly drop or stay in the current range if the news is neutral. I don't imagine that the grades produced to date will be anything close to SC6 due to the pH imbalance issues so I think the best anyone could hope for would be that the issues with sensors have been resolved and the plant is in process of being tweaked

Yet more hours and days have passed without any updates. The onsite lab will have processed samples and George will most definitely be in possession of those results. Obviously not going to be good or he'd have released them. Minor issues obviously not so minor that they can't be fixed in a week. Not looking good at all.

I see Snowking trying to comfort the troops in the telegramp group: "No he is flying back today , so i think thats why no update this morning

I reckon that explains no rns today"

Sorry Tony that doesn't wash, modern technology doesn't require George to be at Fort Rixon to update shareholders on grades and progress.

https://youtu.be/YKK5R-qQN5U?si=HoeBGA2096KsfuVm

Dazed I fail to understand your childish incessant need to make that post. I answered you yesterday, I will give you the same answer today. I have emailed George and have not had satisfactory answers to my questions.

You must truly be a complete moron if you cannot understand that answer.

As for my ALGW investment its doing just fine thank you for asking

Nelly, when have I lied? Yhe facts are clear, George assured shareholders there would be production in March 2023, then again in April 2023, assurances again that they would meet the production targets in June 2023, then again in November 2023, then again in Ferbruary 2023 without needing the extra day. The plant has issues with "control systems" those same control systems issues were identified nearly a year ago and supposedly resolved. I stand by my comment that GR hasn't achieved anything to date, he has a litany of failures which are plain to see despite all being on the "cusp" of becoming revenue generating. Being on the cusp of achieving and not achieving is not a sign of accomplishment, it's a sign of consistent failure to achieve. Nothing has changed, as with everything else in PREMs history George has thrown placing after placing after placing at projects and delivered precisely nothing. Zulu to date is absolutely no different to all the other projects. Every purchase George has made was a resource with potential, none of which he was capable of realising.

Those are the facts and they are indisputable.

Wullie, I have no moral issues with people not buying or selling based on my opinion, it's their choice to do so, as it's their choice to buy or hold based on the telegrampers etc viewpoint. I am happy that they have chosen to make their decision armed with the knowledge that there are inherent risks associated with owning (or not owning) PREM shares.

Nelly, how many shares does one need to hold to be invested? I "invest" what I'm prepared to lose in any company. I have previously been "invested" with a whole lot more, probably more than you, and sold out on the rise to 1p, knowing that George, as usual would fùck things up and I was proven right to do so.

Clueless, there are indeed far too many on here with their own agendas, which way are you trying to prod the SP? It's very sickening to see the endless pumping of this stock by the likes of you, Snowking and the rest of the telegrampers with your endless predictions of pie in the sky high valuations and talk of Tantalum saving the day, Zulu being sold, valuations of 0.8p on production (Snowking last week) persuades people to buy into PREM and these predictions have cost a lot of people a lot of money. As a collective you've encouraged people to invest inheritances, take out loans, max credit cards, have been unsympathetic to people who have considered self harm because of their losses here. You're the ones with an agenda and it's extremely sickening.

People should indeed be aware that the more you people post, they prod you in their direction to fulfill their agenda.

I post my opinion and whilst it's not the positive opinion you want to here, it's factual and has so far been proven very accurate. An accurate proven opinion is one I would value any day over wild speculation of life changing wealth coming from an AIM share with a CEO that hasn't achieved anything since he's been in charge other than to keep being paid, help out his mates and dilute shareholders. When I first bought PREM I think there was less than a billion shares in issue. Now circa 27 billion with no doubt several billions more to come.

People that know little about PREM or those new to the markets need to understand that every share has a downside and a risk element. Those downsides and risks need to be shared rather than the endless positivity being promoted by certain individuals here and most definitely in the telegramp group

Dazed I have emailed George and have not had satisfactory answers to my questions.

My ALGW investment is doing just fine, thanks for asking.

Billybob I am invested here and clearly know a great deal more about my investment than you know about yours

Beancounting, the $800 cost is an unverified internal estimate, it could be more, it could be less. Until Zulu is actually producing a grade they can sell it's irrelevant. PREM have little or no cash left. $50k a day on mining plus other costs is a whole lot of cash to be hemorrhaging when you have no income.

What happened to all the ore they mined when the plant was shut down? George said in the interview last week that there wasn't a lot left to put through the plant.

Mining costs explained about 12 minutes into the video.

https://youtu.be/moA12YgF8fQ?si=sE9Eq4w0H6XYXVHW

Billybob99 you really should know more about the company you're invested in. George has clearly stated that the mining costs are approx $10 per bench cubic metre and they're mining approximately 5000 cubic metres per day, the maths is simple, $10 x 5000 = $50000

Well here we are nearly a week after the "production" RNS, no grades (shouldn't they have been back from the onsite lab over the weekend?), no notice that sensors installed where they should be or pH monitors adjusted, no actual product produced. Goddard back on site costing $50k a day PREM don't have.

Wolframite, I can assure you I won't be adding any more PREM shares to my portfolio any time soon, or at any time GR remains as CEO.

Just caught up with things. Watched the 2 videos and read the comments here and in the telegramp group.

The interviews didn't instil any confidence that the required grades will be produced any time soon, he more or less stated that he doesn't belive that Stark are capable of remedying the current issues. The interview also contradicted the rns making things out to be less serious. The rns stated " instrumentation related to pH measurement does not cover all plant components that need to be monitored and the reagent dosing system is unable to adjust pH to design specifications." yet in the interview he just mentioned the dosing issue which he believed was a relatively quick fix. The plant requires the installation of additional sensors which I would guess they wouldn't have on site as part of the spares store, or certainly not enough to cover the additional parts of the plant.

Snowking and others talk of this amazing deal on the profit share of Hydroxide sales. How good is this deal? I've not seen any details anywhere other than the fact it exists. This deal will most certainly be weighted heavily in Canmax favour, it's not going to be a 50:50 split, more like a 90:10 at best in Canmax favour. It's not going to be the saviour of PREM, unverified production costs with SC6 prices at current levels aren't profitable for the company. What happened to all that ore that they were mining when the plant was shut down waiting for the mill? George said they've not got much left but contractors back on site today back costing $50k a day. I wonder if the break they took was because they hadn't been paid, I recall reading an article that quoted a source as saying they were not being paid and some had downed tools. Now we know what the big chunk of the last placing went on, Goddards wanted their payment in cash!! Mug punters will buy into the story and Snowking, Deadeye and Noels rhetoric, but I don't envisage anything good happening soon that will benefit shareholders. George is allegedly in Canada, that's the wrong hemisphere for the CEO of a mining company to be in when he has a plant with issues and a contractor he doesn't trust. No doubt he thought no point being at Fort Rixon as nothings going to happen, instead I can have a nice trip in first class and 5* hotel, meals and all the wine I can drink on expenses.

Crowfoot, I doubt anyone would be interested in making a margin call against a zero leveraged single share holding. I'm sure I could handle it though, might find a penny in an old purse or bag set aside for the charity shop

Lloydy that valuation for Zulu is irrelevant, it will not get to the long stop date. PREM is in dire need of cash right now, cash that GR is only going to be able to get via an EGM and placings. The plant is a cluster fùck and needs more money throwing at it to now at best produce SC6 the mythical technical grade can't even be produced in the lab from what was allegedly the best ore they've mined.

I wouldn't be surprised if Canmax turned round and said they're just going to take Zulu in lieu of the prepayment and monies owed, leaving George and PREM with no cash, an EPO with a rapidly expiring licence and even if they could get it renewed no cash to explore it. As far as I see it this is potentially the final nail in the PREM coffin unless George can pull a miracle out of the bag for future funding. He has mismanaged this project from the first day he decided not to go with the recommendations of the scoping study and brought in Stark. He thought he could do it on the cheap, failed with his oversight and misled shareholders into believing he knew what he was doing, too many false promises and false "expectations"

My 0.24 sp expectstion at cop tomorrow might be a little optimistic. Not even Snowking could spin this into anything positive outside of the preferati telegrampers group, but even they're struggling with some having come to the realisation they've been duped.

Let's decode this RNS shall we:

1. "The plant is now running, and concentrates are being produced from both Mica and Spodumene flotation sections. Analysis of the concentrates is underway"

We've turned it on, it's making something but we don't know what it is

2. "Several issues need attention by the plant contractors that are affecting both quantity and quality of production"

We've found more stuff wrong with the plant than we told you about in the last RNS

3. " Most important is that instrumentation related to pH measurement does not cover all plant components that need to be monitored"

We've had this built for god knows how long but have only just realised we didn't build a plant fit for purpose.

4. "6.1% Li2O is potentially achievable from current ROM ore."

Our lab has anysed the cherry picked samples again and if we're lucky we can get 6.1% not the technical grade that will make us profitable

4. "Premier believes that we are getting there. Not as quickly as Premier had hoped and with more unnecessary remedial issues than Premier had anticipated."

Premier believes that the Elves will come out at night over the next few weeks and fix everything that's broken or not been installed. They'll get it working because Stark certainly cannot.

5. "Further updates will follow"

I'll be calling for an EGM as we have now run out of money and need to add about 20 billion to the headroom as it would be prudent to do so.

Then we find out if George has done it again! Every time he uses the word "expects" you can pretty much guarantee he doesn't expect that at all. He does seem to enjoy treating shareholders with contempt though, get the telegrampers all excited in interviews, tell them he won't need the extra day, drop an rns about "Minor issues" and additional expectations of continuous running and more communication before the end of the month. The man is a joke and cannot be trusted, time for PREM shareholders to have him removed and get a competent individual in situ that has the knowledge and ability to progress this project to realise its full potential.

Sounds like you're resigned to the fact that the next rns will be the one confirming delay to production due to issues outside of PREMs control.

Despite having had oversight of this project from day 1, George has failed at every single level to manage the build and subsequent attempts at production. He's had far too many chances and despite his best attempts to move on, he just cannot, it's time he was removed and someone more capable to come in and take over for when Zulu comes out of the inevitable care and maintenance phase it's going into with the spod prices as they are. Maybe the next rns will be the reopening of zulu or perhaps some snippet of information on a particular Ethiopian project that has cost the company millions of shareholder dilution what was earmarked for other projects. Who knows, I'm sure there'll be a dangled carrot though

Wolframite the information this BB needs to know is information that I need not regurgitate as it seems the whole world, aside from one or two susceptible individuals, has realised that George is back to form.

Plus ça change, plus c'est la même chose

Lloydyboy, that's not strictly true now is it? You're just regurgitating the biased speculation from the telegramp group and Lionsworld is confirming the same biased rumour. What you're forgetting or not mentioning (conveniently) is that the Friday interview was reviewed and approved by the NOMAD, as all of the interviews are, hence why they're not done live and often delayed for release as require editing. Last live interview GR did, he was hammered and made a fool of himself. This RNS was basically telling everyone to brace for bad news, get it out there early to try and manage expectations. My 0.24 prediction for Friday is looking pretty good right now but I could well have been optimistic and it could be sub 0.2.

I guess you all now know that when Snowking comes on and talks of 0.8p then it's time to get out because Tony knows it's not going well and is ramping you all in so he can sell. Feel sorry for the mug punters who've been ramped into this rise from Friday and the telegramper members who've believed the hype and been encouraged to take out loans, put in inheritance or buy on credit cards.

Snowking, Noel, Deadeye, Ellis etc should all be ashamed of themselves.

George wouldn't get Zulu producing in February if it had 60 days in the month he's certainly going to need more than the 29 available (despite his claims in the interview)