Member Info for Moljen

Eddie, people can spout whatever they want - I've not actually seen anything positive in our situation for months. If / when I do I'll say so. Now't strange at all and looking at the share price and it's long term trend I'd say the market agrees with me.

Jessell - I may disagree with Ted, Charlie and a few others in their assessment of the situation but at least they do put out an opinion on things relevant to Prem. I'm afraid you just come across name calling, do you actually have an original opinion or thought or are we witnessing your level of input and left wondering where Darwin went wrong in his theory?

Mal, it's meant to be a discussion board - I have an opinion which for the last few years has been correct. I'm a pillock for not getting out when the red flags first started appearing but I didn't so more fool me.
If I see a post which I don't concur with then I'll comment, this morning another one of Ted's - come on seriously the same stuff has been spouted by him now for months, previously Xulu used to do it and they've been consistently wrong.
Then we have Charlie Boiy with we own 5% of Arc, no we don't. Sell the plant, aside from the actual logistics I've pointed out we'd be in effect declaring end of mine life at which point we have to pay clean up the site. There is a provision in the accounts for this so it's been charged to the P&L and sits on the Balance Sheet as a provision. Just where would we find the money to actually pay this provision.
If my comments are unbalanced deramping trolling then have your opinion however if we don't actually own 5% of Arc and do have an end of life mine provision you might want to question the rest.

Charlie - 5% in ARCM?? This is from the relevant Prem RNS "6,128,822 new Arc Minerals shares ("Consideration Shares"), representing approximately 1.9 per cent. of the enlarged issued share capital of Arc Minerals."
And that's before subsequent issues of equity by ARCM so it's now actually under 1.9% and todays value is £214K, a few months max at the current rate of cash expenditure.
Selling plant - think you'd probably find the cost of dismantling and transport would probably make it economically questionable (also little matter of the near $1M tidy up of mine provision coming into play if done).
Honestly, yes we all want the share price to rise but putting up ludicrous comments such as you have done ain't going to make it happen

I see from Tedboy - the amount of words he has now used must be rapidly approaching the number of Prem shares in issue. What are we worth this week according to industry standard metrics, $5Bn, $500M, $50M? Unfortunately reality is it's a round $5M and tbh even that is precarious considering no cash, no satisfactory proved resources, in Zim and Mgmt whose only track record is 5 years of appallingly bad decisions.

Brave person, I sincerely hope your increase from 14.9M shares is Sept to today's current level was acquired more recently with the 505 share price drop in between.
Held a similar amount in Sept and still do, if this is to survive there will still be better buying opportunities - IMO placing will occur before any serious price increase news

Ivy, can walk to Blackbird in 20 minutes or 16 if plod down on horse :-)

Out near the Airport

Ivy - the right side, North of the Tyne

Inn, the point you are missing is if we don't go a share price rise for any reason before we have to raise instead of 40,000 I could be getting 56,800 if it's at 5p. Surely you have to accept somewhere the disconnect between our perceived share price value and actual value has to be more than the market doesn't understand. We pay our Board to make the market understand and in that respect they are failing and this failure is now making us vulnerable and as such you then question investable or not? Look at me, could buy but tbh think there are better BoD's selling alternatives at the minute. You see our volume of trades, only take a few to be thinking like me and the share price is going nowhere whilst the clock ticks towards needing more funds

My excuse for getting involved is MoTD and watching NUFC lose wasn't appealing, what's everybody else's? Ps God Complex as an answer has already been reserved by you know who :-)

Ok we're going round in circles as usual so perhaps another way of looking at it. I'm circa 200,000 shares here now and in 26 days get a rent cheque, circa another 40,000 shares here. Question is do I do it now, measuring our BoD competency and cash flow this year versus LD's work, or do I leave it? Because at this moment tin time for what Ive spent acquiring aforesaid shares would get me closer to 500,000 at today's prices. Seriously ,cash raise will be required, doesn't matter whether June or Nov as if we can't get this bloody share price moving North it'll be at 5p. We pay a lot of money to our BoD and should not be in this situation.

It will and as said think any shareholder would hope for your view and outcome, we just think life can be so certain. It's the route to getting there is where we disagree, you think Motorway all the way I think we're still on the C Road and an awful long way to go with many potholes we may hit, some (obsolesce for example, irrespective of how unlikely you think it may be because one can never say never) which could be terminal

Inn - actually ran a company which has been sold for not far short of current market value - we had f*** all as a potential product compared to here. Agree over the science but if BoD here were doing their job properly we'd be 5 to 10 times current value. LD does the science rest of BoD's job is to sell this as the greatest thing since sliced bread and their failing miserably

I know I shouldn't but it's Sat night, had a brilliant Tinder date this afternoon and now finishing off a bottle of good wine bit does Inn at times remind you of Gordon Brown? Sure heart is in the right place and well meaning but just fails miserably at the conversing with the man in the street. Inn just IMO and not meant to be offensive but your skin in thickness terms must put a crocodiles to shame. Anyway wish anybody who hold shares good news irrespective of BoD competency

Ruck, tbh once Inn is off on one I just switch off. Unfortunately Northern through and through which means NUFC where once Bobby Robson said of Craig Bellamy that he'd pick a fight if if he was the only person in the room. Dear old Inn's like the doddery old Aunt, much easier to just go there there my dear of course it is. Obviously for all of us if his / her view is correct we'll all be minted but for me just prefer to accept we're a small AIM bio with lots of risk and a BoD whose commercial judgement I think is questionable.

Ruck, can't believe you're still arguing about something from 11:58 this morning. Honestly life's too short

Ray, that would make csh call end June not end Nov if it's done when down to £2M

Cash and cash equivalents at end of the period 7,576,855

Net cash from operating activities (4,011,100) so £668,500 per month

3 months same rate is £2,005,550 which would leave end Jan cash £5,571K - it's not rocket science read the interims

Ray - P&L is accounting not cash, cash flow for previous 6 months was just over £4M spent so probably closer to £2M than £1.6M over the last 3 months. Makes it closer to £5.5M than 6