Member Info for mattwales

How does any commenter know there is a Government meeting today to discuss RHA.....thats Insider trading Donald it doesnt take a genious to work it out.

We were told in the operational update RNS they need finance in anticipation of the EPO.

Now your feeding us information which hasnt been RNSd and therefore is insider trading if you are right which pretty much confirms what a fraudulent company this truly is.

till the placing at 0.05p coming when he realises he hasnt enough to pay his plane fare and the cost of arranging probably in excess of £2k a month security, plus all the bills to secure it.

he wont bankrupt the company my god kids he'll hit the max share limit then convince you all gold is at the end of a rainbow.

he's now rushing off to Mozambique at company expense probably with a big shovel to join in the illegal mining.

next up a bunch of directors, management and a load of other crooks (I mean consultants) being issued their lot of shares to dump.

swiftly followed by a £200000 placing to pay the bills for 6 weeks or maybe 4 given he's got to fly to Mozambique, take legal/police action to remove illegal miners.

due diligance what a ****ing twat he is.

MNH so invested in this TR1 notifications lacking cos they cant get out fast enough.

no one commenting on over $1m cash given to MNH for expansion cos it does in fact stink like fraud otherwise where is the expansion.

yeah he's got to buy more MNH yet so MNH dump PREM shares as fast as they can because the over $1m invested into expansion looks very much like a non expansionary straight up fraud.

he bought assets with extensive illegal mining on the land he's a brilliant businessman.

only cost 124,500,000 or so shares to be dumped

im posting facts from the recent operational update in the RNS your in delusion and soon to be dilution at a lower price.

I suggest you read it again you cant seem to grasp 2 lines of text.

In anticipation of the finalisation of the Zulu EPO and ramping up of the operations team, together with further general working capital needs, Premier will require further funding.

guys the company have already spelt out what is going to happen in their RNS.

The Company manages its cash resources and costs closely and has deferred payment of consultants and directors' fees. The Company intends, as previously announced, to settle outstanding consulting and directors' fees in new ordinary shares.

DILUTION

None of these settlements have been made to date. In anticipation of the finalisation of the Zulu EPO and ramping up of the operations team, together with further general working capital needs, Premier will require further funding.

PRE EPO PLACING

The Company manages its cash resources and costs closely and has deferred payment of consultants and directors' fees. The Company intends, as previously announced, to settle outstanding consulting and directors' fees in new ordinary shares. None of these settlements have been made to date. In anticipation of the finalisation of the Zulu EPO and ramping up of the operations team, together with further general working capital needs, Premier will require further funding.

at least Regent converted for shares at long last. Lets hope it wasnt them dumping.

a TR1 notification could see a bit of a jump.

still think a placing has to be close.

https://www.bbc.co.uk/news/resources/idt-4a11d568-2716-41cf-a15e-7d15079548bc

If anyone tries to tell you it conveniently stopped at the South African border i'd argue the other countries have non existent healthcare and they do not have the testing.

Even in South Africa with a better health care system that the rest they have 11000 deaths unaccounted for that they suspect could be covid 19.

it's not just looking at the map to see there is a massive problem of reporting true cases across county boundaries as the whole African continent is in panic with both their economy and inflation.

Colby, pestering people by demanding meetings to discuss the financial situation until it is resolved would aid us.
Having the sense to show them it is profitable and its a win/win situation for their investment would aid us.

This guy is diverted from focusing on that he is rubbing his hands in glee at any opportunity that comes his way.

another interview more we can process tailings bull**** to feed the rhetoric of this guy is in control.

He has already ****ed up wolf.

As soon as the share ceiling raised he buys Zimbabwe undeveloped assets.

Both of which he shared he was adamant with shareholders he would never pursue again.

Then you get excitement from some that he bought undervalued assets, you cant dress us a turd guys.

$1.9m sunk into MNH where he swears plant and machinery was bought with our investment and there has been zero ramp up, zero expansion.

It's like they all had the best Christmas party ever.

he is trying to take us to be like Power Metals with none of the business skill or acumen of Paul Johnson.

In a years time NIEEF will still owe us $4.9m because of his bumbling management.
In that time he will have diluted us shareholders $2m just to keep the company running.

You can all forget that this kid has got his shopping boots on he'll dilute us $5m plus in that time by buying as many crap assets as he can and we will have nothing to show for it.

Yet he'll give u an interview of how we bought artisinal gold mining assets that we will never produce in his lifetime.

aye he's going for gold, possible diamonds too if he can swap the sorter for a stake.

we'll end up with a trillion shares and not pursuing NIEEF for $4.9m and investing it into RHA and ZULU the existing assets he needs to focus on.

If he did things right we'd be at 0.3 already because we would have zero need for funding for the foreseeable future.

Right now everyone is looking for the next placing every 2-3 months.

Its not rocket science to focus on getting the money owed and to stop the dilution.

even if this kid got the $4.9m in the door rather than stick it all into developing RHA this mincer would be scouting about looking to invest it in other projects.

The shareholder action group need to be kicking his arse now else he will just keep buying assets and diluting us at our expense.

They should be demanding he stops in his tracks and prioritises getting the cash in from NIEEF and that the money is thrown into getting RHA up and running.

the most frustrating thing at this moment in time is NIEEF owe PREM $4.9m.

He won't chase them and instead we will be diluted every 2-3 months till either that situation is resolved or the offtaker goes ahead (after they get an independent report).

Then the frightening thought is he is actively looking for other assets and will continue to dilute us like confetti.

He has absolutely no focus on what assets we already own.

that GR is good at accumulating assets putting them to use is another matter.

Its like with the li3 assets we're being diverted from what we need to concentrate on and develop.

GR needs to go otherwise we'll be wasting time on what we do have.

The potential of ZULA for example is huge but with this guy heading it we won't get anywhere.

The potential of RHA has been there for years but screw ups on the shaft and mothballing has not only cost shareholders we now need $1.7m to get it up and running again. It is insane management.

the only thing Tullow management could do better is to purchase underwater bonds for cash in the market (if there are still any).

Possibly another review to establish where they can cut costs (which may/may not happen with this new CEO).

Cutting earlier costs from $45 to $35 per barrel shows at least they now have a handle on the business (where earlier there were costly failures).

obviously with Tullow amortising debt in 2020 onwards they will have less overall breakeven costs for whenever debt is redeemed.