Member Info for Martinigirl

Milnrow, I hope you are a grown up giving money to whom you wish. However your mimicking post is rather childish and pathetic. Would love to see you debate this share jn a foreign language. How dare you have the audacity to mock someone else because they don't speak a language as well as you do. Disgraceful behaviour that belongs in the gutter where it came from.

Well done on your buys today Fckitdriveon, can I ask was there any particular reason you chose to buy such a large amount? I know you said you wanted to bring down your average which is a logical thing to do when the SP is as low as it has been (until your buying today) but I'm interested to know why you chose to put in such a large amount of money today.

You've also previously stated that you had a large holding, would you be getting close to or beyond a TR1 level following your buys today?

It's great to see that someone has the confidence, that the majority of us here have in the share, to be adding such a significant amount.

My take on what was essentially a pointless RNS, or an attempt to get the price up ahead of a placing, which if it is will be very telling about the cash situation and questions would need to be asked about what George has done with the money from the recent raises.

With a PREM RNS you need to read between the lines and look at what Geroge hasn't said or at the language he has used.

1. The RNS reveals nothing about the Canmax situation all it says is that to date they haven't asked for repayment of the $1.5 million, it doesn't say they've elected to defer, nor does it say they won't be asking for payment tomorrow or next week.

2. Grades: I'm sure I could go out to Zulu, look at the stuff that's been mined, pick out all the good bits and take them to the lab for processing. That in no way is an accurate reflection of what would happen should the plant ever get into production. It's a clear and obvious attempt to mislead shareholders into believing that Zulu is capable of producing such grades.

3. "we expect to rectify the most significant of the deficiencies" there's that word "expect" again, a red flag if ever there was one. What about all the other deficiencies? Is George "expecting" to rectify those too or will they continue to exist and allow the plant to produce mythical grades?

4. "We do not expect any delays with the civil construction." I'll reiterate the use of "expect" and its the rainy season in Zim, I'm no builder but I'm sure pouring concrete in the rain or into sodden ground isn't recommended, especially the amount of concrete that will be needed to support such a large mill.

Speaking of the large mill, the rainy season and inadequate Road construction in Zimbabwe, will it arrive on site in early January?

I've enjoyed reading many of the rather farcical and delusional posts both here and in the telegramp group. The disciples are an awesome of Saint George, they'll all be going to confession soon from all the cursing after the discounted raise.

Elliselblow you sound like someone that's really struggling with their investment at the moment. I guess you're regretting not banking those profits you had not to long ago and now sitting underwater. Perhaps if you'd listened to the "planks" you'd have made better decisions. Snowking is back in the telegramp group trying to rally the troops, George isn't replying to Noels emails anymore so they can't even attempt to spin this fiasco. The lack of comms from the company is as telling as it has been on every occasion over the last 9 months and each and every time it hasn't been good. Wake up people, look at what's staring you in the face. This is not a company to be buying shares in right now, anyone with an ounce of sense would be banking any profits or cutting their losses and accept that Noel, Snowking, Deadeye et al have made mugs and money out of all of you.

Jaglith, the telegramp group are struggling to spin this now, the members are finally realising that PREM are going to the wall, Snowking made an appearance late last night to try and sway things with his "opinion", Noel and Deadeye weren't having any of the dissent and once again the "Prem Research Group" are kicking out the "researched" or concerned from the group.

It's clear and obvious that things are not looking good for PREM. The new government policy on Lithium is crucial and will affect the company massively. The telegramp group will tell you not to worry as its fine and a 5% export tax is payable. Yes that's true for Zulu, but for any future licences on the wider EPO where PREM hopes to make its fortune, the government won't be issuing any new mining licences without those plans to build processing plants and any licences will be contingent on those plants being built.

I fear for those in the telegramp group who are "all in" it's not a badge of honour, it's a sign of foolishness, "all in" is a threat to your future financial security, your ability to pay off the mortgage with the pension limp sim, your marriage because you didn't tell the wife / husband you blew the isa savings on a sure thing because Snowking, Noel and Deadeye told you it was a sure thing. It's all too easy to be hypnotised by promises of untold riches, unfortunately reality tells a different story

Hasiba, I gave you a couple of days to find the Reuters article just to prove to yourself that you can do research too. Dazed as you can see from the below I've not misled anyone, your posting of outdated information on the other hand does mislead people.

https://www.reuters.com/world/africa/zimbabwe-orders-lithium-miners-submit-refinery-plans-by-march-2024-2023-11-30/

Clueless why feel the need to call someone an idiot? How about respecting someone else's viewpoint? Goingtomoonufo is clearly not a native English speaker and imho is doing a great job expressing their opinion in a foreign language.

I'm sure you'll agree that they have every right to blame other people, especially George Roach, and Geoffrey Madderson for the current failures of PREM and can also be aggrieved by the actions of the telegramp group preferati: Snowking, Noel, Deadeye etc who's incessant confidence, distortion of the facts to suit their agenda and complete unwillingness to entertain any alternative view whatsoever has resulted in a lot of people finding themselves losing a lot of money based on those ramptastic posts. DYOR is one of those great little things thrown at the end of a post here or on X and when that research is done and is used to challenge the likes of Snowking, Noel, Deadeye these people get immediately booted from the "PREM Research Group", surely a research group should allow properly researched individuals to post their thoughts?

The fact is that Snowking, Noel, Deadeye etc all want to manipulate people to their own advantage, they don't have anyone's interests at heart other than their own. Some of the behaviour in that group has been absolutely atrocious with alleged communications being divulged and collusion with Geoffrey Madderson by Deadeye to "leak" information which may have been highly suspect. They should all put on their big boy pants, apologise to all they have duped and be thoroughly ashamed of themselves.

According to the telegramp group, George will be refusing to pay his debts to Canmax as per the agreement, the $1.5 million Acker assured us was earmarked to pay Canmax isn't as earmarked as we were led to believe. George can't issue shares as the SP is 30% lower than the lowest price he can issue them at. I can see this getting very ugly very quickly. Distinct possibility of Canmax walking away from this and let George run PREM into the ground then pick up the assets for the debt owed. No doubt the telegramp preferati will try and spin this as something good but it's clearly not good at all. Cash running out very very quickly and a plummeting SP indicates a big placing coming at what will no doubt be a whopping discount.

PD101 until there's an RNS confirming then the market will suspect that Canmax will not be supportive of PREM. No news is never good news with George, his silence speaks volumes as has been proven on every occasion that things have gone badly for the company and shareholders. The 25th was supposedly the deadline for shipment which we know hasn't happened and won't happen this year. November has been and gone, its now December and luckily for George it's a Friday and we all know how he likes to release bad news at 16:35 on a Friday. I suspect that the market will be wise to George and act accordingly.

PD101 until there's an RNS confirming then

The article I'm reading is from today

Hasiba, I'm clearly better researched than you are. Reuters reporting the same

Doesn't bode well for PREM

https://twitter.com/newswireZW/status/1730221363862905108?t=pWPWAQwff_urs1VCUPecEw&s=19

Hasiba, you'd have been better off waiting a while for that bargain price. I see the telegramp group are all buying again, but the volume suggests they're all hot air.

The interview with George was farcical, embarrassing even and the last throws of a desperate man looking to keep his job. I agree a placing definitely on the cards in the near future, market certainly not confident

Acker the 14th November RNS covers this

"Premier is consulting with its Offtake and Prepayment Partner in this regard, who have several options under these circumstances that include a requirement for an interim payment of US$1.5 million in respect of each month when the product commitment is not met, as fully described in the announcement of 15 August 2023."

Canmax may have "agreed" but it's not as if they had a choice, Zulu was never going to produce jn November and December, it's more likely they were told and now George is trying to negotiate a new deal as the cash balance probably isn't enough to see them through to production and with invoices to pay the share headroom is likely to run out too.

Bridgedog, why would Canmax elect for the part of the agreement to be paid in shares at 0.32p when the current value of those shares is 0.28p? They're not going to go down that route. Will they defer payments? Unlikely, George played the FM card last time and Canmax won't have been happy about that, given what we know now with being "misled" by various parties I don't think that Canmax will allow for a deferral. They will want to start seeing some return on their investment and the logical choice would be cash payments. George can't plead poverty he's already told the market and shareholders that monies are set aside for the November payment if required and if you believe anything the telegramp group have to say then there's at lease $5million in the kitty. Will be very telling if GR turns round and says we can't afford to pay Canmax the contractual payment.

Hasiba, the 25th November is very relevant, that's the date in the revised agreement that Canmax had to have received SC6 otherwise there are clauses that can be invoked in order that Canmax start to receive the money they forked out for PREM to build the Zulu Folly or invoke repayment clauses that George agreed to.

Dazed, I've told you before I'm happy with my investment in ALGW, competent management team doing exactly what they say they're doing, growing the company and increasing AUM over 70 fold in a short space of time with significantly more to come in the short term. How's you're investment in PREM down 71% from your ramping at 1p?

Clearly the PREM CEO and the contractors he has employed also have no idea how difficult it is for a mine to produce from scratch, GR has tried twice and failed, you would have thought he would have learned some lessons the first time round.

Maybe they'll be selling to bank their profits and let the mug punters buy on the drop. I'm predicting a minimum 20% drop tomorrow on the back of that interview. Noel and Tony won't be buying, Deadeye will be hoping for a free period so he can get his sell order in. Tomorrow will be a disaster. The telegramp gurus will be selling on the bell but no doubt preaching 4k or more tonnes in January. I know what I'd be doing first thing tomorrow and it's not buying PREM shares, expecting a bit of a bloodbath tbh