Member Info for Martinigirl

Jaglith it wasn't a question it was a statement if you dig deep enough you'll find out exactly what I'm talking about. All the information is out there, you just have to take the time and be prepared to look for it.

Wullie I see you're back to being angry again, and interestingly enough, most are actually sitting on losses, quotes of between 25% and 80% down.

You really need to take a deep breath, sit back and look objectively at this. You're being had right now and you just can't see it. There's so much wrong with Zulu right now and if you dig deep enough, the mill is merely a distraction. I'd suggest you dyor and then come back to me

Indeed it does, but it also implies that those individuals are seeking to mislead the other misguided disciples into believing their very misguided quotes on the mining processes and therefore how viable their investment in PREM may be. Shouldn't really be lying to people about how the process works, that's just not cricket.

Wullie, I'm no expert and I certainly wouldn't expect everyone to be an expert, however the so called knowledgeable in the telegramp group clearly have no idea about the process and as such mislead those without that knowledge.

Some interesting posts in the telegramp group which clearly show how uneducated these individuals are about the mining process and how blinkered they have all become once again. It's hilarious reading

Pingu, you've been invested here for a while, surely you've read enough GR RNS to know that it's more about what's notnsaid than what is said. It's been up to him to make sure it gets done on time for the last year, yet here we are virtually a year later than when he "expected" "had every reason to believe" "had no reason..." production to have started.

I actually don't believe that PREM will achieve production, I believe that like with RHA it will become unecomically viable to produce from Zulu, the falling lithium prices coupled with PREMs "unverified" production costings (another statement that wasn't required in an RNS unless those costings a likely to be highly inaccurate) suggest to me that zulu will go the way of RHA and into care and maintenance

Swazers, you do realise that a twitter view count means absolutely nothing, I for one have never read a single one of your tweets until you appeared on here, however if anyone searched the PREM hashing and scrolled through without paying particular attention then it adds to your views count. Doesn't make you a guru and as I've said before having spoken to knowledgeable individuals, you couldn't possibly accurately chart PREM, it's way too volatile on good or bad news and doesn't follow traditional patterns, but I'm sure you know this but choose not to share that basic information with those you fleece for the fee you charge for your expert opinion. I'd have as much faith in a Jarvy chart of PREM as I would in yours and I believe she still works at Tescos as the charting / ramping / trying to get a telegram group business isn't playing out too well for her.

As with all PREM RNS one should read between the lines with what's not said against what's been said. Over the weekend a video of a revolving mill was released by PREM on X, today's RNS was a perfect opportunity to say the mill is built and has passed the QC and acceptance tests and has been loaded onto the truck for transport to Fort Rixon. He didn't, why not? Did it pass the acceptance tests? The key component to the possibility of future production at Zulu that all shareholders have been waiting for news about, news that could provide some confidence and potentially boost the share price, yet doesn't get a single mention. Then we have the typical George phrase ".And we remain committed to production in late February provided only that all commitments made by contractors are met."

By contractors does he just mean Stark and Goddards or is he including Mechtech Pro (the mill manufaturers) in that broad sweeping generalisation?

So very much was missing from that RNS that could and should have been included which is suggestive that there are still issues with the mill that require to be resolved before shipping from the manufacturer.

Great to see that Canmax have rolled over the payments, they're happy for PREM to keep accumulating interest on the debt at 12% now which just adds more to the already large number of $ owed and adds further weight to any future claim should PREM find themselves in a position where they are unable to raise sufficient funds to keep the lights on. Debt to Canmax increasing, asking contractors for more time to pay (as per latest jnterview) doesn't sound good whilst he explores alternative financing options which, as I've stated before, have been pulled from other established companies due to the ever decreasing Lithium costs.

He's going to hit you all with a request for an EGM and a very very big number of future shares (the telegrampers will tell you it's good to have a contingency) that he can issue to keep paying his and Brendans salaries

Elliselblow I agree roll on the end of March, we certainly won't see any production by the end of February despite what's being said already and its nice to hear one of the fanboys agree. So come the end of March what do we expect to see?

Imho a call for an EGM with a request for an increased headroom of 10 billion more shares, closely followed by a placing to raise at least 5 million at a significant discount to the SP

I'm not at all angry, you most certainly are and your disdain for anyone with what has quite rightly been proved a correct contrary view is telling. I'm happy you're sitting on about at £20k profit right now, so ask yourself a couple of questions.

1. Will George need to raise funds? Yes he's already admitted he needs additional funding and is looking at options

2. Will George need to raise the share headroom via an EGM? Yes he will need to pay contractors in shares for future invoices.

3. If George cannot get alternative funding will he need to raise the headroom via an EGM and then do a discounted placing? Most certainly if he can't get alternative funding then the only alternative is a massive discounted placing.

Now look at those 3 questions and answers, consider your £20k profit and how that money affects yours and your families life and decide if its worth leaving it all in on the off chance it all comes good, or bank the profits, step back and see what happens maybe reinvest or maybe have that all iclusive Maldives trip with the £20k. Be greedy, don't be greedy that's the decision? The Maldives is nice this time of year, Skegness less so in August

I would hope you mean lots less fortunate, but your arrogance suggests not. Take a moment to think about the chap who took out a large loan and bought PREM at around 1p believing ghe promises of Snowking, Deadeye, Noel etc he's now sitting on shares worth 80% less than when he bought them but paying back a loan with interest. His investment will now have to increase by 500% just for him to get his money back. There's countless others in similar situations that have lost money they can ill afford to lose simply because they were duped. I read in the telegramp group this morning that a guy had just received his inheritance and was putting it all into PREM, the group applauded and gave virtual high fives, not one suggested some prudence. That's crazy!!

Wullie, you really ought to lay off the Buckfast, take a couple of steps back, take off those rose-tinted glasses, take a deep breath of reality, breath out and look at this more objectively.

You're reactions are consistently of one who is in way too deep and possibly underwater to the extent that reaching the surface is a monumental task. The aggression, the unwillingness to comprehend another point of view is quite telling.

I'd suggest you take a long hard look at yourself and decide if it's time to make some significant changes in your life. All this anger cannot be good for you.

sorry to disappoint gazza, still here, extra night in edinburgh following a cancelled flight gave me the opportunity to watch the interview.

george did excel himself, maybe had a bit of media training, in promoting what is essentially a very difficult situation.

key aspects i tool from it.

1. george will be in sa next friday with his picture next to a mill that still hasn't been built.

2. cash position is dire.

3. financing is a major worry, he didn't appear at all confident when talking about other sources of finance.

4. egm, it's coming, his body language told me everything i needed to know and the deflection says it all.

5. projected grades. prem has produced nothing apart from in a lab. producing product in a lab does in no way replicate real world production. if it did they'd have known the exact process months ago and sorted it all out.

6. new resource statement, yes let's look at a hole we've dug to get some ore and make a best estimate of what that hole will provide. forget about all the other holes we've drilled across the claim because they're **** so we'll give the idea we've got something out of a 50m² hole and spoof the market

7. biggest red flag for me was his quote about the egm notice. hasn't seen it "today" tomorrow is however another day.

he did a good job to pump the price up and the mug punters continue to buy into it and let his mates out. 267 million large trades today. he needs his jnstitutional friends to help pay the ever increasing bills.

how do any of you think that by having supportive contractors who will be paid in shares translates into there'll be no egm to raise the headroom? there will be a call and it will be for a big number as soon as his mates have sold their shares. goddards shares still not admitted, yet the foolish telegramp devotees continue buying to let snowking and deadeye sell into the liquidity knowing the placing is coming

Crikey, what an awful video, not sure I'd be taking investment advice on PREM from someone that believes they're trying to mine "supodium"

TT1981, this will most certainly not jump back up tomorrow, it will either stagnate or more likely drop down towards 0.14. The elephant in the room has not yet been addressed, merely finally been seen by George and pointed out to shareholders that there's a bloody big floppy eared grey creature in the room. George won't be addressing the said grey creature until such time as he either calls an EGM in the hope of getting headroom to raise funds, does a conditional discounted placing with his city pals or some other alternative finance. Only once he has raised funds will the elephant be spoken to and then we will know just how shafted shareholders will be in order to get the money to remove "BaBa" the Loxodonta Africana and you can be certain that it will cost every current shareholder a significant percentage of the value of their shareholdings.

Ricky, there was nothing great about that rns.

Mill still in South Africa, not expected (note the word expected) to leave until last week of January, 4 days minimum to travel to Zulu, assuming no delays equals ljkely arrival at Fort Rixon first week of Feb, installation testing and switch on, at least another week. So they'll be looking at the earliest 2nd week of February before they can even start the optimisation process which will take time especially with the new kit that's being brought in. No production in February!!

Company has basically run out of cash and will be seeking a way of raising funds, wouldn't surprise me if the EGM notice went out today or he looks at some other form of death spiral financing.

Not good at all.

Sir_Stonks, wait a few days you'll get a better price ahead of the placing or wait about 3 weeks and you'll get sub 0.1, your choice.

I see that Ricky and the telegramp boys are dangling a mutare carrot, we know but we're not going to tell you, please buy more shares so we can sell.

Sorry boys but it's not Dattels and you know that so you really should stop with the insinuations to try and manipulate the group.

Have a good night all. Another day closer to the EGM notice.

By the way by my reckoning still another 185 million (give or take) shares to churn through ahead of the 769 million Goddard shares being admitted and sold.

Shark41, If I remember correctly I thought it was about 340 million (don't have my notes to hand as away from home atm). The 100 million sell was warehoused and looking at the volumes took about 3 days to be filled so will be a while longer before the placees have finished selling. Then it will be something similar when Goddard commence the sale of their shares, although I've a feeling that they won't be as patient and will be happy with an average sale price much lower than the 0.26p their shares were given to them at in lieu of a cash payment.

Things certainly not looking great at the moment with the company posting on X about the cicils still being constructed, according to the last RNS they were "substantially complete" and that was about a week ago so clearly not progressing if they're still working on them.

I don't envisage the plant construction being completed within the next 2 weeks, then each element will require to be tested and optimised at each stage which again will take time.

Additionally the sorting process optimisation process is questionable. The telegramp group will sing the praises of the new UV and colour sorters which have been provided by world class suppliers who are on site and working hard to get these sorters functioning. Chief PR ramper DeadeyeBeaky (in charge of the telegramp X ramps) has been posting about the miracle that will be the conversion of the UV sorters to colour sorters making it so much easier to separate the spod from the contaminants. However what DeadeyeBeaky and the rest of the preferati won't tell you is that Colour sorting of spodumene doesn't work. Stark (you remember them, the highly professional outfit that promised the earth and delivered "earth") have stated that it will require a new optical set up (with a pending patent apparantly) so I guess George is going to have to dig deep into the coffers and pay for this new patent pending optical sorting setup, which obviously isn't on site and most likely not an off the shelf product.

Wheres the cash for that coming from? Think we all know the answer to that question.

A decent analysis Biztech, however the elephant(s) in the room that perhaps weren't addressed (and I believe you are a shareholder so perhaps slightly biased) are:

1: The "supportive institutional investors" are selling. Why if they're so supportive?

2: You didn't address the GR loan, future payments to Goddards in shares until production (No headroom to issue enough shares to pay their invoices?

3: Cash position. You previously questioned the cash position but didn't this time, why?

There's more but that's enough for now, Friday tomorrow, maybe the EGM RNS will come out at 16:31 tomorrow, I'll be busy then though, flying up to Glasgow in the morning for a former colleagues wedding in Helensburgh and then a week in Edinburgh, looking forward to the break.

Only of you hand sort and cherry pick the best samples and process them in a lab. Doesn't work like that in the real world and we know exactly how the real world production has gone so far a grand total of Zero tonnes of saleable product produced.

"Supportive" institutions selling their shares, the plant contractor selling their shares, the mining company could well sell their shares. What does it tell you when insiders sell their shares? They have zero faith in PREM to deliver. I'm surprised George hasn't called for the EGM yet, if Goddards or Stark raise an invoice he's screwed, hasn't got the shares left to pay Goddard and hasn't got the cash to pay Stark.

The placees continue to sell now at a lower price but finding it more difficult today as there was less liquidity, they'll have done the maths and know what price they need to at least break even. Expect the SP to be sub 0.2p by close on Friday and if GR calls for an egm before then I expect the SP to drop quickly as PIs sell out knowing the discount placing is incoming.

Dazed, the Goddard shares havent been admitted to trading yet. The sale of those 769 million is yet to come. Placees are the ones currently selling

Daz I can say with certainty that 769 million Goddard shares have yet to be admitted to trading, that's a fact, there's been no rns confirming they've been admitted. When that rns is issued, those shares will be sold into the market. As previously stated by my reckoning there's still 340 million placing shares to be sold into the market. I'll ask the question again, why would you be a buyer right now knowing that all you're doing is allowing some wealthy organisation to sell their position and leave you holding the shares? George has talked of "supportive" institutional investors, so supportive that they can't wait to get rid of their shares. That alone should tell you something.