Member Info for Martinigirl

1.1 billion to churn through

Morning Daz, as I said by my reckoning it's not done, the placees have around 340 million more to sell (unless they are indeed being supportive as George suggested, but the fact they're selling tells a very different story) and then there'll be the Goddard shares to churn through which is another 769 million so all in all about another 1.5 Billion to get through by my calculations

Really? I got an A in my O level maths so I think my arithmetic is pretty good, only a B in my A level pure maths and statistics but I think its worthwhile and valid. I can count

By my count there's still around another 340 million to go plus the 769 million Goddard shares when they are admitted so a long way off yet

Daz, the seller(s) clearly want their money back so have set volumes to sell at set prices, if they can get more all well and good for them they make money. I actually sold all but 1 of my remaining holding today, I kept 1 share just for the satisfaction of remaining a holder and having the perceived right of some to post here.

Questions any shareholder needs to ask themselves is do I buy more and provide the liquidity for the seller to make their money? Do I sell knowing the price will drop and I can buy back when the seller is out? Or do I hold and hope the seller is out soon and the price recovers?

Shark, the MMs are allowed to delay large trades and have a requirement to do so in order to create an orderly market. Its clear that this (these) seller(s) has a lot to offload and anyone buying now is simply allowing them to "get out"

The black trades are just the lse algorithm being unable to determine if its a buy or a sell because it was published at the middle of the spread. Those black trades with a minus are theoretically just book corrections where an error was made.

Daz hhe rounded 50 million 20 million etc are the placees sells go back through the trades, add them up and there's still a way to go to get to the 1 billion plus number they're selling.

Correction to my post below, the RNS refers to the placing shares which are the ones currently being sold and likely will continue to be sold for quite a bit longer. Beggars belief why anyone would be buying knowing full well there's a massive seller in town. You're just providing them the liquidity they need to exit their position. These "supportive" placees aren't as "supportive" as anyone would have you believe.

DazedandConfused, you're either attempting to mislead the board or George is up to his old tricks and "misleading" shareholders.

When the Goddard shares are admitted to trading they'll be subject to an RNS much like the RNS below from when the Stark shares were admitted. To date no such RNS has been published and therefore the shares have not been admitted to trading. Forward selling as you know is illegal and they would get themselves in some very deep and very hot water if they had been doing so and they didn't get the regulatory approval from the Zimbabwe authorities for the share payment.

https://www.londonstockexchange.com/news-article/market-news/aim-notice-14-12-2023/16252167

It was delayed from yesterday

Dazed, the Goddard shares aren't the ones currently being sold, the seller(s) are the ones that took the placing, the 769 Million Goddard shares are yet to be admitted and sold.

Lionsworld it was a sell.

As for Ricky K assertion and other comments I'm reminded of the 2002 speech by Donald Rumsfeld

I'll paraphrase a little:

Reports that say that something has happened are always interesting to me, because as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don't know we don't know. And if one looks throughout the history of PREM RNS , it is the latter category that tends to be the difficult ones as George never actually says what he means.

Lloyd what about if he doesn't do a great RNS?

PAS, my time in the Royal Navy taught me great analytical skills, do I recommend firing on a target or not. Threat assessment as a warfare officer is no different to risk assessment with PREM. I do see GR as a conman but I see zulu as a great prospect. I did report him to the FCA after the debacle about his share sale / loan and how they choose to deal with that matter is down to them.

Gazza4563, if you wish to satisfy your infatuation with me, you can see me at around 7 mins from my time at BRNC training future officers in the Royal Navy. My very brief and unflattering television appearance.

https://www.gradcracker.com/hub/138/royal-navy/videos/2362/officers-and-gentlemen-brnc-part-1-militarisation

Lloydyboy, he announced production last February too, then March, April, May, June, missed all those announced production targets. Then he was "reasonably confident" that after all those unforseen circumstances, once he'd managed to get a few million from Canmax and a placing that all was on target for November, pretty much guaranteed according to Snowking and Deadeye, and here we are nearly a year later.

Asher I too remember the rise before "production" last year, I also remember eating the same old stuff from the same old characters here, in the telegramp group and on X, talk of "moon" "easy 10 bagger" "when lambo" Snowking posting on here about dinners with George and Madderson virtually guaranteeing SC6 at 10000 tonnes a month by November. At that time I highlighted that things weren't right, the wordings in the rns were vague and the contrived interviews were telling in what wasn't said. Look where the share price is now, down circa 75% from the peak of that rise.

George at best misled shareholders, Madderson clearly lied and Deadeye Beaky in the telegramp group was posting screenshots of conversations with Madderson where they were talking about leaking information that wasn't correct. Can you trust what you read in these groups? I prefer to deal with the facts as they're presented rather than listen to the wishful thinking of a bunch of people who have been brainwashed by a select few to line their pockets.

You pay your money you take your chance, if uou see the risk vs reward potential at these levels to be acceptable then it's your choice to buy. I've said before I'd stick a big chunk of cash back into PREM but not until the risks I see have been mitigated, there will be an egm to establish a headroom to raise funds and there will be a placing to raise funds shortly after and no matter how many times George Roach will say "I've no intention to raise at this time" that time has passed as soon as he finishes speaking and he will raise at the earliest opportunity.

Asher, the market isn't seeing anything, this is pure and simply a pump and dump by some in the telegramp group, nothing more, nothing less.

Asher, PREM most definitely needs money, zero production = zero revenue, cashburn is massive atm without the plant even running, there'll have to be a raise to keep the lights on until they either produce or mothball Zulu. Spod prices right now are falling, costs are rising, will it be economically viable to continue to get Zulu into production?

ScottK, no more PREM without money