Member Info for Moljen

Great line from a masterpiece, for a time the best coffee shop in Amsterdam when business took me there from 2000 for a decade was The Doors. Now renamed The Store, lost a bit of magic with that one. Atb and I'll just roll one now and wish you infrequent dark days interspersed with a shed load of profitable ones here.

I do & thank you

Have had dinner with George around 4 years ago, very good company and likewise would be welcome around my table. Nearly nearly there and yes whilst we should have made shed loads more, loads more is still going to be a good return. Should have been double digit times but hey ho high single figures will do me on several mils. 3 to 4 months max now.

Still here, it's all pointless day to day yada. Pretty binary here, either works end Nov or not. Nothing in last year made me buy or sell so still just holding 10M which will be a nice bonus or not as the case may be.

Shares will go in to treasury - say buyback works and gets share price up to 5p and x million shares are in treasury from buyback.

New investment, say Y £M made up of cash £a and Shares X from treasury.

Would you rather X was priced at the 2p's recently seen or at 5p?

With the discount the buy back was quite simply a no brainer for the fund, the fact traders and flippers have done well is merely consequence not a bad BoD decision.

Now they just need to actually start making good investment decision with the £6M and however many X shares they end up with for £850K.

Historically sfa chance of this but hey ho it's AIM and stranger things have happened.

Acker, there's not been much to say!

However a lot of people have read the RNS's incorrectly in assuming a loan has been made whereas it currently hasn't .

Personally think this is just part of the negotiation process in showing there is a Plan B if required whilst the FM process progresses (if necessary) & am still hopeful for an amicable solution … albeit I expect Canamax will want their pound of flesh (can't say I blame them).

Going to be an interesting fortnight

Both RNS's announce a Loan Facility - nothing to indicate said facility under either RNS has been drawn down so safe to assume Prem STILL has a £2M facility to draw upon if needed.

TC - dead simple, so tangible asset, truck, machine building etc once a year gets looked at and assessed as to to it's resale value, NPV of product it will produce, life before it needs to be replaced etc & an annual charge appropriate to the most relevant gets charged to the P&L each year. Generally along lines of building 50 years, vehicles 4 or 5 years etc. So all quite visible you buy something and you can see what it does over a period of time and the cost of buying is spread over same time period. Same principle with intangibles but slightly different in that if you buy say IP from a company and what you pay is more than the share capital and reserves then there has to be something to balance, hence goodwill. But the beauty of intangibles is you can also spend money today cos it's not going to generate revenues for many a year if its something new. Much harder for auditors to value until its too late cos we all love a good story. So what hones is them wages and machine costs which normally go to the P&L in a year or are spread over say 3-5 go up onto the BS as an intangible. Hey presto your P&L looks better, what would normally be charged over a few years now gets charged over perhaps 20 years cos its magical fairy dust. Advice suggested always look very carefully at intangibles. Avoid with barge pole here is my suggestion till funding is resolved and even then tread with caution

Are you for real?
This one has more red flags than the PRC and will be requiring cash again very soon at which time you'll probably be looking at a YouGene type of wipeout placing.
It's not been a great buy zone other than as a trade for the best part of half a decade - it has already fallen 6% plus a 5.8% spread since your post 30 minutes ago.

Soon to be less if rumours true.

Bit of a basket case this one, only one for if you are an afficiando of roulette and like very long cogs

Inc mine

After many years potentially a transformational RNS and would appear difficult to make a mess of it but we all know George. It's an open market, as open market can be, valuation at 0.4 so you're probably safe buying up to there and if funds available has to be a worthwhile consideration as a home. Funnily enough whilst I now hope Zulu DFS is now put to bed circa 9 to 18 month time and progresses too appropriate valuation for that stage there is now a new dark horse appearing on the horizon which people don't se to be noticing. Have a little old look at global potash supplies, oh dear the worlds number one supplier ain't soon going to have market just as Ethiopia realises peace is a better alternative. Last I heard Circum is well through DFS, just saying :-)

Hope you all bought well during the dark days and didn't get suckered in by the various ramps which left many buying on spikes. To LTH's I hope you are currently standing at or near average, well done to those who haven't traded and are already blue as that was very good buying on a buy and hold strategy.
I've a history of calling out George's BS but to me me this now looks the real McCoy for the good ship Prem to eventually set sail. About SFT, and Noel yes you were a w******* all these years ago but I even hope you average is nearby … after all the numbers of times you and clique averaged down even in the full pennies.
Don't you love Aim when it goes your way, bet everyone here is has an alarm set for opening

People remember this one?

Mon, 22nd Feb 2021 07:00
RNS Number : 8141P
Premier African Minerals Limited
22 February 2021
Appointment of New York based EAS Advisors LLC as US corporate advisor

Price around 0.135 at time if remember right, usual 20-25% discount so more or less in range now .... not too sure of US sanctions and how they'd affect it (feasible or not) but had a feeling for a while now that funding on way but at what price were we being walked down to.

Mr C - re Polestar, you can test drive them out of Sunderland. Very nice they are too.

Sector (food production) write up today - reasonable write up for Agro amongst some nice blue chip ETF and the likes of John Deere

Co-ordinates from an old Nyota document, now you just need someone who can the satellite stuff
The area is in between 9°4'10"N and 9°6'51"N and 35°32'32"E and 35°34'45

RWT2 - energy is interesting viz a viz the costs of distribution to user versus the cost for self generation and storage. Find a Tony Seba video as to why unless a massive energy user the costs of distribution will outweigh the cost of self generation (solar) and self storage. Change is far more rapid than ever before in human history - this is an add a monthly amount stock and in five years time you may (obviously I expect) will be handsomely rewarded. 23p today, could be 15p tomorrow or 35p ... not one to pile into just potter along and you'll end up with a nice average. The change to vegetarianism is incredible .... it's a marketing exercise to move to synthetic ... daughters both I'm not but right price and quality I'd quite happily buy it ... can't quite be a veggie but a halfway house ticks all the boxes

SFA Acker

Acker, we are not in the dark.
MNH - logical conclusion is money has done the proverbial against the wall
RHA - PMSL
Zulu - well we were basically lied to when said mobilised, however after Honey Badger who is really surprised
Dilution - well George in the space of a few weeks has decimated the market cap and then decides to raise with no plan other than raising to cover kicking the can down the road. End result, more erosion of market capital.
Don't you love this share and all the muppets ramping it - see SK is now the new Noel, Xulu, Strongman