Member Info for MaxHSpringer

I personally think that Zulu should be sold, but that's just me.
RHA has an off take partner lined up, but as per rns on the 22nd these two are to be spun off- so that should help Orem balance sheet!

Correction to previous post- MM's would take 17M without a question and required a FOK for anything more, but still! MM's want shares and would take a large amount, so ask yourself- This is support and why do they want shares on the cheap?

Correction I meant 17M!

MM's will take up to 17.5M shares off me, so is this drop artificial? Hmm, I think this is simply mm games and will see if I can dig something up from behind the sofa?

Very tempting

Acker is a bundle of joy, today! lol!

What would Warren Buffet do if the share price is weak and the commodity prices are weak? I think he would put in a big buy order! lol!

You buy when there is blood on the floor!

Tomorrow is a big day and should see things move back to a higher trading volume.
I think that this is a pullback to support and will bounce from this support level, imo!

Remember GR is well under water and he needs to pull this together, so expecting some news.

Charlie, to be fair am not sure if the "investor" or a small group of investora- however, if they are not UK based it is only reported when over 5% as opposed to the 3% for UK residents/entities.

It would most definitely be a great RNs if we hear that money has been sorted! As you said , forward sellers would have to scramble to get back the shares they forward sold.
I personally think that this is the case and hope it's so, and you can see how resistant mm's are to let the price go in order to fill what looks like cheap pre-negotiated buys!

Ackers- maybe so, but remember he has put in cash and will want a good return.
He might be friends with Roachy, but he wasn't given these shares and didn't get a discount either- this could be seen as a strong signal

We will be over .05p well before the end of the week! We have tested this and gone into 0.05p territory on last two trading sessions. We need to break through .05p and breaks are off

As much as ****roach can not be trusted on face value, it M would be worth noting:
- An investor has just invested over £1M in the business and owns just over 20% of the company and will likely either be a new director or will have someone on the board to keep GR in check.

This investor is within striking distance of putting an offer in for the company, but my point is no one ****es away £1m+ on a joke. Something is shifting at PREM.

The business has no debt and assets that are about to start paying. Circum is a divi that will likely pay for most of any investment made at this level.

Circum could land tomorrow, next week or next quarter, but that is something that GR has no input into (good thing), but there is a lot to look forward to now.

Look at the entities putting out feelers for Zulu (I think we should sell, but thats me)
Mozambique is a very easy start and maybe even a blind pig can find a truffle!

Either way, we also have EPO that might land today, tomorrow, or next week.

People, GR can not issue a placing and there is now adults looking after him and will want to see a return on their investment, but this is all imo

It's one of several possibilities, imo! But the new investor certainly sees something in the company!

To be fair- (and know I said the same thing) but it won't cover it, but certainly will pay for a big chunk of the shares anyone buys below .20p, lol!
A lot will depend on the value of that divi and also if shareholders are getting 100% or 50%!

The next 48hrswill set the share price up for a big boost imo!

If volume continued, that mm's will have to let it go up! There has been an overwhelming number of buys to sells, so that says a lot!

Hello everybody!
I trust that everyone is having a relaxing Saturday!
Yesterday's volume and buying volume is a really good sign. I am also thinking that there will be a short squeeze in the making here with the large uniform round number buys!
All going well, we should have a strong open on Monday imo! A good set up for a move north!.
Prem has been one of those shares that has cause a lot of heartburb for a lot of people in the past and the constant placings for Roach to go buy assets and then placings to keep lights on has caused a lot of pain. I say this because it is a fact that has to be acknowledged.
However, Prem is now at the point where all the pain is very well going to start paying off!
It is important to note that just one of these assets pays off and this will be a very different company.
An example of this would be a dividend from Circum would be millions of Dollars coming in each year and we are at that point where this could be announced imo at any point!
The company also owns assets that are significantly worth more than current MCAP and with just one in full production or the sale of an asset would again be very lucrative for the business.
In the last four years where I have had something to do with PREM on an on and off basis- I finally think that the company is in a position where it has positive portions!
Having positive option in life is very Powerful and very positive and I think the market has started to see this, over the last few days

As is usually the case- nothing is illegal if you have enough money- Just ask OJ!

IMO I bet that if mm's have a good week, they have a powder party in the office on Friday with Hookers and fire engines... (we've all seen the true story "The Wolf Of Wall Street", lol!

Wigs- Forward selling pretty much works like this:

- If someone knows that they are either entitled to will be in receipt of shares, people will opt to forward sell. This can be for many reasons including, if someone has warrants and will forward sell the shares that are bought at tthe price the warrants entitle you to.
So what happens? I am entitled to say 100 shares but do not have them, yet- I can borrow the shares and sell the borrowed shares at current price. The reason for this is because the share price will usually go down from current prices once the entitled shares are announced. I say this because when people forward sell, it's because they will be able to repay the borrowed shares with the shares they buy thru their entitlement (bought at a discount).

So, in a nutshell- this is why people forward sell, it's to basically lock in profit at today's higher price.

However, there is a problem if you do not get the shares you thought you were entitled too or that would be awarded to you in lieu of a payment. The problem then becomes, that you now owe the shares and if you do not have the shares to replace the borrowed, you will have to go and buy them on the open market (usually at a loss)

Wof_ What did you mean by "GR will hold shareholders to ransom regards the Circum div or consolidation."?

Also, am really pleased to see that the last half-hour of trading was very strong and there were several 10 million+ buys today!

This should bod well for Monday! I am really surprised that the mm's have held the share price despite the overwhelming number of buys!

To be fair, it would make sense if someone had forward sold shares that aren't going to appear or a naked short by the mm's!

The plot thickens and it certainly seems to me that someone needs shares and the mm's may have agreed on a price and it is this pre-negotiated price that has kept the share price static today!

Folks all I can say is if this is the case or something along these lines, the mm's will have no alternative but to go long, especially if buying presure continues on Monday!

Any thoughts?

Charlie18- might have a valid point! The market knows if the shares are coming or a placing.
As such- they way then arket is reacting and these 20m buys that have been popping up suggest a negotiated buy!
This can also explain why the share price hasntgone up with this volume.

However, should this volume keep on the mm's will have no alternative but to raise the share price and go long!

The good thing for them is that they will have to make their money back at a higher price (but also good for us)

Seriously mate! Are you even invested?

I just did some dummy transactions and all ticking along!