Member Info for Moljen

Unfortunately every time they come up with a solution all that happens is we get diluted anyway and a lower share price.

Napom, hope your back is against the wall as it looks like Smile is trying to crawl so far up somewhere it’s embarrassing

And why don’t we have the dough. Over the last two years there have been ample opportunities to do so. We’ve actually raised most of it over the Dane period to no avail. What has gone on says it’ll be more of the same. A plan B with a wholly new culture is what is required here.

Napom, just say you’re right then the decision not to inform till called out is a fall on your sword moment. You can only defend the indefensible for so long

Napom, if you posted factual information I wouldn’t need to correct it ?? touché

Smile, you asked a question and I answered. Not the answer you wanted because no one can justify what has happened here with the 26th and 27th RNS you do your usual. It really is quite pathetic and spineless of you.

Smile, in case you haven't noticed the rise is disappearing as the hype has not been delivered and will no doubt continue to do so as no money from Zim arrives and next weeks Circum meetings are just more of the same. That will ultimately lead to yet another placing for general working capital to pay in what in my opinion is an exorbitantly rewarded BoD who have yet to actually deliver anything.
This practice has been justified for years now with a never ending stream of RNS which never appear to be true yet nothing ever happens to change it. Everything about the KME deal rang alarm bells when we saw they didn't actually do anything last year so I fully expected more of the same to happen again. Then along came the 26th Feb RNS, at long last it's in black and white we are actually going to begin the Zulu DFS process so when the 27th RNS came along with well here goes 444M dilution for GWC it set every alarm bell possible going. You came along around the same time with an absolute avalanche of it's all going to be okay, this time, never better buying opportunities etc and prevented any real meaningful discussion. A few weeks ago after you and Napom made your Zim Govt money arriving predictions I said I'd leave it till those periods had expired so did. When I came back the 26th Feb RNS was something neither of you could really wriggle out of so I started to raise it and never let go of it despite your bets attempts to avoid it. Then here we are today with the podcast where they've had to come clean. So yes a little bit gloating today, yes a little bit of sport when the ostriches lift their head out of their holes but primarily because as shareholders in any AIM company we get treated like s*** and are taken as mugs by a lot of the BoD's. We've all been mugged again on the 26th / 27th and in my view that means so much time and money has been wasted this year it'll be 2020 before anything can really happen assuming we don't get mugged off then too. BoD's who have treated shareholders like we've been treated over the years do not need people like yourself or Napom apologising for them they need you to be grilled at every step and if they don't deliver got shot of.

Again, Napom he said 100 days after Zim money arrives. As we do not have the money RHA is quite patently not going to be cash positive in 4 months. What you meant to say to be factual is according to GR in approximately 100 days following receipt of $6M from the Zim Govt RHA is expected to be cash positive etc.
Awful lot of if's, buts and approximates in there which is very different to what you have just said.

Preceding comment about Circum meeting last night he did explain not a Director, not Management so totally in hands of what they till him so equally as likely we hear nothing if there is nothing to hear.
Well if 72 days to tell us we aren't actually drilling is "immediate" in his words "soon" can mean anything
Most of all though we are not back to production in 100 days, it was very specific 100 days when the Zim money arrives which based on experience today could be a long while coming.
We are still exactly in the same boat we were yesterday except we have found out we are actually not doing any drilling at Zulu and the day after we were being told we were we got diluted by 444M shares.
If you think that was a positive interview you are sorely mistaken, it was a caught out interview repeating fluff all heard before.

Post 1065 and it's a corker, "nah nah you're not invested" yet not one comment on:

26th Feb - placing to get Zulu moving at long last
27th Feb - placing to include general working capital as we're back to work as per yesterdays RNS
9th May - whoops sorry boys and girls what we said we were going to do on the 26th Feb never happened

Let's hope the next 1065 are more constructive because they first lot have done diddly squat to help investors find out what is actually going on in their company.

Napom, agree. We disagree on rectification of the lack of management and it's timing

JF - great idea that apart from 72 days after telling us we have paid for the first step towards a DFS and the following day diluting us by 444M shares for amongst other reasons general working capital on the basis of returning to work we find out we haven't, why on earth should we believe anything he says?
Perhaps a better idea is to contact Marcus Stuttard who is head of AIM regulation at the LSE, after all it's his job to ensure what a company and it's Nomads put out to the market is accurate. You can find him at mstuttard@lseg.com maybe if enough pressure and sanctions are applied future information provided will be more accurate and not leave a sour taste in the mouth that all along it's about general working capital and we all know where a fair old chunk of that goes.

See Napom I don't need to add up we have an RNS saying shares were issued today and that's what counts. If not issued then the RNS needs corrected, after all we've seen many a mistake not just in Prem but other companies when it comes to share counts.
You can carry on all you want but changes nothing - RNS says issued and a follow up RNS next day welcomed the back to work because of it.
Again you point finger in wrong direction, it transpires we had two iffy RNS's issued and buried in-between them was a 444M dilution for general working capital. Surely you agree Prem should be issuing correct and factual RNS's and if they don't it is the Company's responsibility to correct them and not leave it to you to try and sort out their mess.

The problem is you aren't, the RNS says today issued yet you still say it doesn't. I questioned the reality of the Zulu drill based on all the evidence and eventually GR has had to come clean despite the best efforts of you, your acolytes and Smile to say it's noise or worse.
You all called it wrong plain and simple and with the same mindset will continue to do so, the only spinners as far as I can see on this Board are people who consistently get it wrong as that is the very definition of spinning.

Nope Napom - it is quite clear in black and white .... and the Company has today issued 212,413,793 new Ordinary Shares of nil par value at an issue price of 0.145p per share ("New Ordinary Shares") to KME as pre-payment for mobilisation and drilling.
I've read it again and it's still the same "has today issued" can't see the words "we may issue in a few days for trading"

Spin, spin, spin? Mysteriously I start putting pressure on the 26th Feb Zulu drilling claim and guess what turns out it isn't happening.
Perhaps if instead of you berating me if you and your group started asking hard questions that they don't like answering we wouldn't be in this mess.

Hey Napom - did you spot the corker in the 444M dilution RNS ..... and first benefits of the anticipated KME Plant Hire deal coming through with our "back -to-work" announcement yesterday in regard to the Zulu Lithium Project, I look forward to a period of refocus on value

Pesky forward looking statements obviously as the back to work never happened as per today's podcast. Maybe when you're clarifying the 212M you can also ask what proportion of the 444M isn't needed either now

Nope the RNS doesn't say that it says "today issued" .... mind you based on nearly every other RNS issued over the last few years one can be forgiven for assuming what is in it will come to pass or be accurate.

Napom - the below is a direct quote from the RNS, note "has today issued" not is going to but has and we have no RNS correction therefore you can say it till the cows come home but 212,413,793 shares were issued. Await a RNS correction then should we? Now that would be bad need two in one day after the Zulu drilling come clean we've just had.

The budget for the initial drilling programme (as described above), including mobilisation, is approximately US$400,000 and the Company has today issued 212,413,793 new Ordinary Shares of nil par value at an issue price of 0.145p per share ("New Ordinary Shares") to KME as pre-payment for mobilisation and drilling.

Napom, no it's not as a minimum it needs a site visit and a couple of other things which is the same as how long is a piece of string.
GR has covered his backside for it not arriving anytime soon yet you take the same arse covering and turn it into it's happening imminently.
Only things imminent are Prem will spend another days money and the rainy season is again a day closer and we don't have a plan B for when the cash runs out or rains arrive other than to again raise for general working capital.