Member Info for mugwump083

Raadaar Can you point me to exactly where Graham Hill says it will take three months to assemble the 'new' float plant because I can't find anywhere where he says that.

Snowking - I don't suppose you might know or if not, know the right person to ask how long it would be likely to take to actually assemble the 'new' Spodumene SC6 float unit once it arrives at Zulu.

I have asked Chat GPT which has told me it should take approximately 8 -12 weeks but computing software being the utter rubbish it is you just can't actually trust what is laughingly called AI as it is often artificial stupidity instead ! And my Chat GPT answer was dumb, stupid & clunky and not at all what a real human would have given as it was full of over-information & 'muddle'. In other words the usual typical computer generated garbage.

Where ?

If I was the Chief Executive running PREM I would not be bothering to RNS the 'arrival' of the Xinhai flotation plant the minute it reached the Zulu Lithium mine. Instead I would wait until it had been actually been bolted onto the ore processing line at which point I would have a fair idea it would be all switched on & producing within a matter of days.

I would then wait until I was switched on and only at that point would issue an RNS to announce the new flotation plant has been successfully added and the whole ore processing productiion line had now been switched on at that point.

At which point the share price would, obviously, rise a fair amount. And then after the ore production line had been on long enough to deal with any minor tweaking and optimisation needed I would issue a second RNS explaining all necessary tweaking has been completed and the plant was now on target to process 'X' tons per month - hopefully about from 6000 to 8000 tons monthly ? And at that particular day's Spodumene SC6 spot price would now produce at a minimum of at least a net monthly profit after mining costs and Canmax discount etc of about £8 million a month or £96 million a year.

I wonder what that would do for the share price ?

At a price earnings ratio (P/E) approximating 7x96 that would indicate a P/E ratio of about 7/96 and a market capitalisation of about £700 million.

And, if I WAS the CEO I might also be saying in that second RNS or a later one that I had already been in talks with the Zimbabwe Government about my desires & cunning plans to organise the building of an ore refinery as soon as possible in conjunction with other 'investors'.

I wonder .....?

Toffers

I just had to reply to your post at 11.55 today about NHS negligence. I've experienced total incompetence over a long period of many years dealing with my health & the NHS and have an near identical experience you have described.

My GP randomly telephoned me about two years ago although I had not seen the GP for a long time and had not made any complaint wanting to see the GP concerning any health issue at that time.

The GP's exact words were "I've just been looking at you medical notes and noticed that 'nobody' has noticed from all the blood tests taken that you have Multiple Myeloma".

So I replied "You mean blood cancer " at which the GP 'went ummm, errr, Oh' clearly indicating she never had any intention to tell me I had cancer at all as she realised this epic level of obvious incompetence might result in consequences.

So this GP had to eventually say "yes, that's right blood cancer" and then put the phone down.

Prior to that I've had a hernia surgery I never needed which resulted in signifigant life altering permanent damage & constant pain.

A different previous unrelated surgery which was really simple & only something designed to slightly alter normal stomach anatomy to improve normal reflux was done so incompetently a TV camera shoved down my throat afrerwards 'showed that there was no sign the surgery ever took place' in the words of thte person doing that endoscopy about a year after the surgery.

In addition over many years many other entirely separate relatively minor & routine health issues normally easily dealt with at GP level have been turned into a complete pantomine of nonsense with the GP referring those issues to hospital consultants who behaved ludicrously as did every other type of hospital employee, all demonstrating their behaviour was entirely the result of the unbelievably bad management of the entire NHS bureacracy.

All of this is easy to prove from medical notes and I have reluctantly realised I should do something about it as all this insane nonsense is happening to millions of other people as the NHS completely abuses the entire population as a direct result of this bad management.

It results in many entirely unnecessary deaths as constantly reported in the media as well as epic levels of incompetent treatment leaving damaged patients to cope with damaged lives caused by the ignorant bureaucracy of the entire NHS preventing the actual medical staff from doing their jobs properly.

I'm puzzled there are about five times more shares bought today than sold yet the share price only goes up a modest ten per cent. And last week when there were more buys than sellis the share price actually went DOWN !!!

So, how on earth does the stock market go about pricing shares because all ths seems to completely defy normal logic !

The word 'manipulation' springs to mind.

Even if there was NO processing plant there at all or if PREM decided to completely scrap the existing processing plant and start building a brand new one again from scratch this would still be a worthwhile investment even if you had to wait another whole year to complete the construction of a brand new plant.

So, you can imagine increasing existing debt of about £70 million by another £100 million to build a much larger processing plant producing a much larger profit and the whole lot could still be completely paid off about three years from now with massive increases in the share price & the possibility of dividends hovering around for shareholders.

What's not to like ?

Both Raaydaar & Speel are talking ignorant, meaningless & deliberately deceitful drivel.

The simple fact is PREM have discovered and proved there is a vast amount of Lithium ore at Zulu and there is a processing plant now proved ready to produce 4000 tons of ore concentrate a month with the possibility of increasing that to perhaps double by installing an extra, secondary & larger float plant within virtually days or weeks from today.

At current Spodumene SC6 prices this produces an instant net of mining cost profit of about £20 million a year with the existing 4000 ton a month plant but rising to about £40 million a year if production is doubled to about 8000 tons monthly. And Lithium prices are forcast to continue to rise into the forseeable future, thus increasing profit considerably.

Prem debt being approximately £70 million is therefore absolutely no problem at all to pay off and only a lunatic would fail to manage this process. Major shareholder Canmax is no lunatic and it is their interests to produce any extra temporary cash if needed - which it probably isn't anyway. Equally there are other shareholders or financiers who would be perfectly willing to provide extra cash if needed under these circumstances. I certainly would if I had enough funds. Meanwhile I have spent every last penny I do have available buying PREM shares because as a shareholder of many years am perfectly confident PREM will very soon be making a reasonable profit.

It is Obvious From RNS's That PREM Could already Be Producing Now if the PREM management were satisfied with monthly production being limited to the original amount of about 4000 tons monthly instead of using the opportunity of buying & adding the second flotation equipment to vastly increase monthly ore production tonnage to hugely increase profit.

Anyone with more than one brain cell would be happy to wait a short while longer for this new equipment to be fitted because more actual money would be produced very quickly from just a short wait.

Any moment now we shareholders could be told the secondary flotation equipment has been fitted and we are about to turn the plant on for full time production. The PREM CEO has alrready made all that perfectly clear.

The PREM mine ore processing plant was built in the middle of the empty African bush at such high speed it was not surprising all sorts of improvements and changes would have to be done during a process of commissioning and optimisation. It is just the normal process any similar new mine plant goes through.

Just as the Zulu mine was being built huge fluctuations of the Lithium price took place as China sought to take as much control as possible and dominate the World supply .of lithium. This was done by China investing heavily in numerous new Lithium mines around the World; particularly Africa.

Consequently the price of the Zulu Lithium ore concentrate, Spodumene SC6, plummetted down to a fraction of it's price which made it difficult or even impossible for Lithium to be mined or produced profitably because the cost of mining it barely covered the price it could be sold at. Some mines stopped mining.

Because the cost per ton of Spodumene SC6 produced at Zulu remained lower than the Spodumene SC6 price and still leaving a small margin of profit, the commissioning and optimisation process continued as it was widely recognised around the World Lithium prices would soon recover. Climate change extreme weather events were becoming more frequent which made it increasingly obvious complete electrification of everything would have to take place as soon as possible. This would increase Lithium demand for electric battery manufacture exponentially.

The Zulu ore processing plant had only been designed as a pilot plant to produce 4000 tons of Spodumene SC6 ore concentrate a month. So in 2024 Zulu CEO George Roach decided to explore the possibility of increasing Zulu production if possible while engaged in the optimising of the plant.

A final decision was made only weeks ago to purchase second hand Lithium ore processing equipment already available in Zimbabwe which would allow a signifigant increase of ore processed.

Once this is added to the existing plant at Zulu the plant can start producing and selling ore. The original 4000 tons a month would have produced a handsome profit of about two million pounds a month as Lithium prices have already soared in the past year & are widely predicted to continue rising. With increased production way beyond that 4000 tons a month maybe a minimal annual profit net of mining costs of at least in excess of £30 - £40 million or more seem more than likely.

Once the new equipment arrives at Zulu it can't take much time to assemble it and get the entire plant running. At which point PREM will have more than enough money to pay all debts as well as expand the business even more.

PREM is nearly there; any moment now Rodney !

In a state of high tension as at this moment I've 'lost' about 98% on a very large investment in a lithium mine.and all the de-ramping Trolls on a share discussion forum are saying it will be bankruptcy & de-listing in a few weeks.

But the value of the lithium in the ground is in the billions and the ore processing plant has been built & tested & functions OK & could be switched on right now to produce first sales of ore and minimum of about £20 million profit net of mining cost per year.

But it isn't being switched on until an extra bit of kit is added to increase the amount of ore that can be processed by maybe double the amount which would produce about £40 million ex mine cost profit per year. The Chief Executive running the show promised us shareholders that will be completed in a few weeks and the mine should be producing ore concentrate for the first time by January 1st.

When that happens it is obvious the value of the company will soar and the share price increase hugely to a potentially about fifty odd times the current price.

But 'sentiment' i.e fear is keeping the share price down at a monumentally artifical 'low' price !

Meanwhile I'm paralysed by poverty as a result as the only money I have is in those shares!

This website is total useless rubbish and not worth having anything to do with let alone use in any way

Rpoodle - I can't actually read the light grey print in that article as the mentally backward person designing that web page uses very light grey instead of black.

It is astounding how poor the design of web pages is generally. The people producing such rubbish are complete idiots !

Is the meeting on you tube ? Has anyone a link to it ?

I only managed to finally plug into the actual meeting from the PREM webpage about two minutes before it ended because the moronic, illiterate, badly designed Mickey Mouse Firefox & Microsoft Teams software took ages to sort out on a desktop computer whose manufacturer that made it and it's nasty manipulative operating system has made virtually un-usable.

The incompetence & fraudulently manipulative nature of the Mickey Mouse software industry just takes my breath away & I find it nauseating.

Wilco - Because you are such an unintelligent halfwit writing complete drivel, I presume you must actually be a real live mentally backward Russian.

Not a lot of rusting goes on in that part of Africa as it is so much drier most of the time than anywhere in Europe. I've been there and lived there and worked there so know what Southern Africa is like. So it just indicates how completely dumb you really are !

You are dead right the name Mugwump suits me. It is a North American ( Mohawk I think) Indian language name meaning a 'political agitator' !

Do you know what it means to be 'Hoisted by your own Petard' ? Probably not due to your ignorance caused by a lousy education.

Bad luck; I feel sorry for badly educated people.

Jaglith - As virtually everything you say on this forum is sheer fantasy or rather just plain lies really it seems to me you are clinically delusional or psychotic.

- The Zulu mine has been proved to have an immensely valuable Lithium resource

- The ore processing production line has been completed and improved and tested and reported as entirely functional and ready to commence producing a saleable ore concentrate in virtually days.

- Several large investors, one of which is Canmax - as well as smaller investors too - would always rather cough up the small amount of money needed until first sales taking place in mere weeks from now.

- When the annual starting point for net of mining costs profit per year is about £10 million & rising fast from now to more than double that figure.

What kind of a complete dimwit are you to post the utter garbage that you do ?

Ballymena

You obviously must have the brain of a halfwit with only one or two actual brain cells in your possesion to be able to post such garbage as suggesting Graham Hill must be lying about the latest RNS's etc plus the meaningless & braindead nonsense statement you made that went - "how about Mr Roach who is walking freely, being owed ooh a mere 2 million or so. It’s almost like being paid to fail".

Jaglith - hello and talking even more drivel again !

Me saying earlier this year I expect the share price to increase to 0.04 p a share then, or the new consolidated price of 0.4p now, gives in both cases the very low market capitalisation of PREM of only £34 million. This is well below that brief market capitalisation figure indicated at £200 million when the share price briefly went to 1p per share a couple of years ago before consolidation at a time when shareholders thought the plant was about to start producing & selling Spodumene SC6.

A market value for the whole company of only £34 million is ludicrous and is not even enough to cover just the cost of building the ore processing plant that Canmax funded for PREM as Canmax wanted the Spodumene SC6 lithium ore concentrate. A £34 million market capitalisation which totally ignores the value of the proved mineral is just so obviously plain dumb !

And me saying PREM would be 'producing soon' earlier this year is just about to happen before year end, isn't it ?

Seeing as how the whole process of firstly going about looking for a valuable mineral deposit to mine & then after finding it spending vast amounts of money and time drilling endless holes & sending large numbers of sample drilling cores to a laboratory for analysis before then finding the huge sum of money to actually build the mine in order to dig up & produce the mineral in question is along winded process at the best of times, usually taking years & years to get the point of actual production.

So me saying 'soon' & that taking place in less than one year can be reasonably described as 'soon' in the context of the mining industry.

PREM has by now spent years and over £100 million finding the valuable mineral Lithium in one of the World's largest Lithium deposits & then building & testing the Spodumene SC6 ore concentrate production line which the 'Managing Executive Director' of PREM, Graham Hill , now promises us shareholders in a Regulated News announcement policed & regulated by the Financial Conduct Authorities, will commence producing & selling Spodumene SC6 ore concentrate within 'weeks' and certainly by the end of 2025 - which is only about ten weeks away. And as it is a criminal offence to blatantly lie in a Regulated News Release controlled by the Financial Conduct Authorities I have a fair amount of confidence Mr Graham Hill isn't lying and must be pretty certain PREM will, in fact, be producing and selling Spodumene SC6 soon. Otherwise he would be heading for jail !