Member Info for Mrnewbie

At this point it honestly feels less like genuine debate and more like someone who lives on the board purely to post negativity all day long. Every thread ends up with the same sarcastic comments, same doom narrative, same attempts to mock shareholders no matter what news or discussion is happening.

You can disagree with PREM, question management, question funding, question timelines, that’s all fair game. But spending every day writing essays trying to belittle investors and mock the actual operation just comes across as bitter and obsessive more than anything else.

The irony is if he truly believed the company was completely dead and worthless, normal people would simply move on with their lives. Instead he’s posting constantly, watching every movement, replying to every optimistic post within minutes. That tells its own story.

And despite all the sarcasm, the reality is there is still a plant there, still ongoing work, still Xinhai involved, still commissioning, still funding being raised, and still a pathway where success changes the valuation massively. That uncertainty cuts both ways, which is why the debate even exists.

Mocking workers “packing their lunches and moving pumps around” is also a bit pathetic to be honest. Whatever people think of management, there are actual people on site trying to get a mine operational.

JAG - To be fair to Acker, at least he is generally posting from the angle of funding the project and getting Zulu into production, even if people disagree with his timelines or forecasts. He’s been consistent that more funding would likely be needed, and looking at the number of placings already done, that concern clearly wasn’t completely baseless.

What I find harder to take seriously are the accounts predicting 0.008 every single week regardless of what actually happens, then acting like everyone else is “clueless” while the price never even gets remotely close. It’s easy to throw out doom predictions constantly and eventually claim victory if sentiment weakens enough one day.

Also, saying Acker discussed by-products and potential outside financing earlier in the year isn’t exactly proof he was “clueless”. Those discussions came directly from company ambitions around Zulu and possible future revenue streams, they just haven’t materialised yet. There’s a big difference between being too optimistic on timing and deliberately posting endless doom targets that repeatedly fail to happen.

At the end of the day, both bulls and bears have got plenty wrong on PREM over the years.

You are still arguing a completely different point to the one I made.

I never once said they would not raise further funds. My point was specifically about urgency and desperation for immediate cash.

If they were genuinely in that position, they had the headroom available to dump the full amount into the market immediately. They chose not to.

Instead, they have raised smaller amounts over time, which suggests controlled funding rather than a last-minute panic scramble.

You may disagree with the funding strategy, that is fine, but that still does not change what I actually said.

Fast would have been releasing all the shares at once, not holding some back.

My point was clearly that if they were desperate for cash immediately, they could have issued everything available to them there and then.

They didn’t.

Raising some funds a few days later does not prove I said they needed no money. It proves exactly what I said, that they may raise, but not in the panic-style “they need cash fast” way you were trying to suggest.

You are still trying to turn “they do not need to raise fast” into “they do not need to raise at all”, and that is not what I said.

But you are now changing the wording.

Yes, those are my words, but yesterday you claimed I said they did not need any more funds. That is clearly not what is written.

What I said was they did not need to raise cash “fast”, with the emphasis on fast. That is a very different point.

Where have I said they do not need funds at all?

Again, you are twisting what was actually said to fit your narrative.

Goingtomoonufo dont listen to Ray, he lies alot, three times he posted the same lie about me yesterday trying to say that I had said something that I didnt, he will take your words and twist them into something to suit his narrative, the post was removed three times...

Well yes, I would be surprised, and I think most people would be surprised to see another placing within 48 hours of the last one. That does not mean it is impossible, and I have never claimed it is.

The difference is you seem to actively want it to happen. Every rise gets met with “maybe another placing in the background” as if you are sat there hoping for bad news just so you can say “told you so”.

Yes, historically PREM have done placings close together before, nobody denies that, but constantly trying to force the narrative on every green day becomes predictable after a while.

The chart is still recovering, buyers are clearly there, and at some point you have to ask whether you are analysing the stock or just emotionally attached to negativity around it. Very confusing person.

Of course, I dont think JAG wants that but 99% of everyone else here certainly does

Jag, yesterday’s placing announcement is exactly why the odds of another one tomorrow are slim to none. Companies do not usually announce a placing and then immediately go back to the market again the next day unless something has gone seriously wrong.

Could there be another one at some point? Of course, nobody can rule that out completely with junior miners, but trying to imply one is being worked on “in the background” every single green day just gets repetitive.

Realistically, next week also feels unlikely to me. End of May maybe possible if they wanted additional working capital, but by then hopefully the market has pushed through the 0.030 area anyway and sentiment looks very different.

The bigger picture is the stock is still recovering strongly despite all the noise. At some point the constant doom posting just loses credibility when the chart keeps moving the other way.

No Jag, you know exactly what your doing / trying to do, its not funny, it just makes you look silly.... either way the price is recovering and we will all be laughing in a few weeks, whilst you will be what? harrassing some other Board

Jag, even 16% up you still try, when are you going to realise that this is moving and I bet my life once this comes good you will be no where to be seen, off to the next share to waste the little time of life we have in this world

Well, thats a stange statement, as I could have bought for less on Monday then I can today, so waiting for the next raise was actually not the best move, could have bought last week sub 0.020 which would have been an even better result then buying today

Honestly, this is where the discussion starts getting ridiculous.

Wet commissioning and hot commissioning are not two completely unrelated events, they are literally consecutive stages of the same commissioning process. Of course there are similarities between what George did and what Graham is now doing, because they are both trying to commission the same plant.

The actual question is not “are they following the same process”, the question is whether the underlying issues that caused failure previously have now been identified and rectified properly.

Nobody sensible is saying success is guaranteed, but pretending Graham “has no idea” whether the plant works is equally nonsense. The whole reason commissioning exists is to test, optimise and identify issues before full steady-state production.

You keep presenting perfectly normal commissioning stages as though they are some shocking repeat of history, when in reality every processing plant on the planet goes through cold, wet and hot commissioning before ramp up.

The next stage will answer the questions one way or the other. That is the entire point of commissioning.

You forgot number 5, the “everything is definitely going bankrupt tomorrow” poster that has spent the last 3 years posting 500 times a day about a company they supposedly think is worthless.

Funny how the people most obsessed with PREM always seem to be the ones claiming it is dead.

At the end of the day, everyone on this board is speculating, bulls and bears included. The difference is some are willing to risk money on the possibility of a turnaround, while others seem emotionally invested in proving failure no matter what happens.

As for the quotes, yes people speculate on upside scenarios in speculative mining stocks. Shock horror. That is literally what AIM is built on. Nobody buying a junior miner thinks it is a guaranteed savings account.

The irony is if SC6 starts flowing consistently over the next few weeks, half these “Premming syndrome” posts will age terribly overnight.

No, we agreed it was speculation, which is completely different to presenting something as a confirmed fact or fiction.

Yesterday nobody knew a placing was coming, so people were trying to work out possible reasons for the buying activity. Hike mentioned a possible MOU under NDA as one theory. Today we know a placing was happening in the background. Fine.

But you are now acting like hindsight magically turns yesterday’s speculation into some kind of lie, while your own “might have been broker forward selling” theory somehow remains valid.

Both are speculation. The only actual fact today is that a placing happened.

Everything else is people trying to interpret market behaviour after the event.

Exactly, that is the whole point you are conveniently ignoring.

Yesterday nobody knew a placing was happening. Hike speculated about a possible MOU or discussions happening in the background because there was unusual buying activity. He did not present it as confirmed fact.

Fast forward to today and now suddenly you are rewriting history pretending his speculation was “fiction” because a placing later appeared. By that logic your own “might have been a broker forward selling” comment is also fiction, because you do not know that either.

You are doing exactly the same thing, speculating from the bearish side after the event and then trying to frame it as certainty.

At least be consistent.

People speculate daily on AIM, both bulls and bears. Yesterday there was unusual buying and people tried to work out possible reasons behind it. Today we know a placing was happening as well. Fine. That still does not suddenly make every bit of speculation some grand conspiracy.

You say “might have been” a broker creating liquidity to forward sell, which says it all really. You are speculating just as much as everyone else, only from the opposite side.

And if it does produce SC6 consistently over the next few weeks, then suddenly all this “AIM lifestyle company” talk disappears overnight and people start pretending they saw the turnaround coming all along.

Nobody is denying the history here, the company has absolutely burned trust over the years and that is exactly why the share price is where it is. But that also means the upside is massive if they finally deliver.

You say Graham is in the same place George was in 2024, but the market will decide very quickly whether that is true or not once ore is running through the plant properly. That is the whole point. We are finally approaching the stage where speculation turns into actual proof one way or the other.

As for placings, welcome to AIM mining. Half the sector survives on dilution until production is proven. The difference between failure and success in this game is often one operational milestone.

That is why some of us are willing to take the risk at these levels.

Not sweating at all, I invested what I can afford to lose and always knew this was a risk/reward play. That is literally how speculative investing works.

What I find amusing is the way some of you speak as though failure is already guaranteed, when in reality none of us know yet. There is clearly risk here, nobody sensible denies that, but there is also a reason people are invested in the first place, because if they do finally get this working the upside from these levels could be huge.

You keep focusing on the downside as if that is the only possible outcome. If it fails, fair enough, we all know what that means. But if it works? If SC6 is produced consistently and they finally turn the corner? Who exactly is laughing then?

That is the gamble, and everyone invested already understands it.

I didnt buy any shares yesterday, I did buy some a few weeks back at 0.18 and that was my final tranche that is currently in my plans, unless of course what you have been saying for months of 0.08 happens then I will certanly load up some more.. but thats not going to happen is it