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InvestorMadness

Graham Hill was first of all appointed by George Roache to be what Roache called the 'Managing Director' which is the title commonly given to the people that are in day to day charge of deciding how to run any business. In that first RNS announcing that appointment it was strangely illiterate of Roache to also say Hill would be 'promoted' at a later stage when Roache resigned.

Since then Graham Hill has been appointed a director of the Board of PREM and so seems to be called 'Executive Director' rather than 'Managing Director'. But it makes no difference to the job he does as the "Managing Director' or the bloke that just decides how to run the company every day.

So you're just making a complete Prat of yourself by this 'nit picking' over Hill's title as a means to try & belittle me. Instead you've just made yourself look even more stupid by shooting yourself in the foot.

InvestorMadness

But you are deliberately writing meaningless rubbish designed to de-ramp or depress the share price. Who cares about your weirdly misleading nonsense logic that seems to make sense but is actually utter drivel, of why you want a higher share price.

It's all the more dumb as a meaningless post as it is almost certain the share price WILL shortly rise to 2p or more a share. Two pence a share would only be a market capitalision of about £170 million.

Jaglith,

As you are so utterly thick as well as obsessively malevolent, you don't seem to understand the person who runs PREM is the Chief Executive Officer, Graham Hill, & not some third rate Dipstick social media weirdo poster called Acker who constantly posts similar drivel here to the rubbish you post.

I seem to recall Graham Hill pointing out in that RNS that he was not planning to issue all the new shares at once; neither did he say he was even issuing any new shares at all right now.

Could it be, I wonder, possible that actually a switched on CEO would first announce the Zulu mine has completed stage five of bringing the mine into full production before announcing the issuing of new shares. That announcment might tend to increase the share price and thus cause less dilution.

Investormadness

Is your post just a downright piece of fiction - in other words a complete lie ? I don't ever remember PREM shares anywhere near the 2p current price you are mentioning as that would mean they would have been 20p previously - before the consolidation.

You are just full of rubbish & lies in your efforts to deliberately depress the share price.

................/continued in post 2

So what does this mean for the Share price ?

About two years ago PREM shares reached a high of 1p per share when Shareholders believed the PREM Zulu mine was about to commence full scale production. That represented a Market Capitalisation of about £200 million for PREM at that time. With expected annual earnings of about £20 million from the Zulu mine that produced a price earnings ratio of about 20 which is approximately the mining industry average.

As the Zulu mine was only intended to be the first Pilot mine & further larger mines would also be built after Zulu had proved up the hard rock ore concentration process of Spodumene SC6, future earnings would be expected to rise considerably beyond only the Zulu mine earnings. This would push the market capitalisation of PREM well beyond that £200 million, perhaps easily to about maybe £500 million.

So, even with a minimum market capitalisation of only £100 million the Zulu share price of 1p would have had to come right down to half that 1p to only 0.5p then. So, assuming a more conservative share price of only half a penny then indicates the current share price of about 0.14 showing a current market capitalisation value of only £11.46 million is a complete joke - vastly undervalued and artifically depressed. Clearly Zulu in production with annual net of mine costs earnings of just £10 million a year has to have a minimum market capitalisation of at least £100 million.

This means the current share price is likely to rise by about ten times when the Zulu mine goes into production in a few weeks time. The share price will soar well beyond that if a large World class mining entity successfully completes the proposed investment in further expanding the Zulu lithium mine resources.

This PREM share could be a huge multi-bagger very soon !

The need to raise about £5 miilion now to complete bringing the Zulu mine into production by Christmas by issuing new shares amounts to about a trivial 0.06p to add to the current share price of 0.14 which produces a truly silly low market capitalisation value for the whole of PREM of only £17 million.

With PREM ZULU earnings about £10 annually & rising with the Spodumene SC6 price forecast to rise continuously until at least 2030 there has to be almost an instant re-rate of the share price increasing about five times or more the moment Zulu is in production. With further increased mining capacity including larger mines elsewhere, the share price could increase stratospherically way beyond five or six times increase once Zulu goes into production.

Zulu Mine Expected to Be In Full Production Within Weeks According to latest official announcement of the Premier African Minerals Chief Executive Officer Graham Hill.

Funding of approximately £5 million is required to complete taking the Zulu mine into full production by not later than December 31st 2025

Summary of Regulated News item number 5501D dated 15th October 2025

Building on the successful results observed during Phases 1 and 2, the flotation plant will now be supplied with sufficient material on a consistent basis with the objective to produce saleable spodumene concentrate at grade.

The target of the Pre-production Readiness phase is to position the Company to transition into Phase 6, being full-scale production, scheduled under future development planning with the potential investors including the Large Trader.

Phase 5 - Pre-production Readiness

The next proposed Pre-production Readiness phase is potentially the final stepping point and a critical pivot to ensure that the first four phases of commitment, development planning, operational running, and results analysis are fully realised and most importantly commercialised at Zulu Lithium. This is expected to support the advancement towards a further investment and/or a structured agreement in accordance with non-binding letter of interest entered into with the large trading house as announced on 23 April 2025 ("Large Trader") or such other investors on or before the 31 December 2025.

................/continued in post 2

When I last looked shortly before the market closed for the day only about £26938 worth of PREM shares were sold throughout the entire day. That is about 0.167% of the total shares now in issue after the consolidation.

The total value of those sold shares was a total of only about £26946; a peanuts amount and almost completely balanced by the £23377 worth of shares bought !

This clearly indicates most shareholders are hanging onto their shares like grim death because they know the share price is almost certain to rise enormously in the near future !

We have been assured the PREM Spodumene SC6 mine production plant is now functioning and able to produce Spodumene at a saleable grade.It would be self evidently ludicrous if that was untrue.

With the current Spodumene SC6 price at about $830 dollars a ton and PREM previously stated production costs of about $500 a ton, that leaves a gross profit of about $300 a ton at today's Spodumene price. Allowing for the Canmax off take agreement discount plus a little leeway that means a profit of about $200 per ton right now at the current low Spodumene price of about $830 per ton.

With only 4000 tons a month as the original expected production at the Zulu pilot mining plant that $200 a ton equates to about $800 000 a month profit or $9.6 million per year. In very vague terms that roughly represents what might be considered a 'break even' figure.

BUT, as the Spodumene SC6 price is reliably forecast to rise by at least about 32% between now and through into 2026 and with further rises each year after 2026 through to at least 2030, PREM's profits will consistently improve from this moment onwards to whatever the maximum production tonnage is possible from just the existing Zulu mine.

So next year in 2026 with Spodumene SC6 forecast to rise to about $1056 a ton PREM monthly gross profit after production costs will be about $2.24 million or about $26 million a year; and all that is based only on existing nameplate production of only 4000 tons a month.

The reality is quite likely PREM will be able to increase Zulu production tonnage by a minimum of about 30% to about 6000 tons a month & possibly even more beyond that. Even with only a modest increase to 6000 tons monthly it indicates the possibility of PREM being able to be completely 100% self sufficient with no need at all to require any further external financing if PREM actually decided to minimise borrowing as much as lpossible in order to be entirely self sufficient.

But it is entirely good business practice to accelerate PREM profitability by using further financing to build bigger & better mine plants in other parts of what is one of the World's largest lithium deposits.

So, is PREM a good investment or what ? Absolutely yes, it is !

Jaglith posts are pure infantile drivel

The entire 'software World' is a Mickey Mouse collection of utterly manipulative incompetant & iliterate fools producing useless software. Apple were fined about two thousand million dollars by the USA Government for being caught red handed deliberately writing fraudulent, manipulative software designed to convince users of Apple products they had to buy new hardware - which was not the case.

It's simple to get a rough idea what the share price really should be right now. When you do you see it should actually be worth approximately at least ten times the current share price, then you realise it is worth buying it now as it is effectively guaranteed to increase a lot, or to hold onto existing holdings for the same reason that it will most likely be worth a lot more soon.

Where do we get this invaluable snippet of information from then which is an obviously very reliable 'indicator' ?

The simple fact when the share price increased about two years ago to about one penny and a perceived total market capital of the entire PREM company of about £200 million then when the shareholders believed the PREM ore processing plant was about to function properly and produce at least 4000 tons of SC6 lithium ore concentrate monthly.

If PREM had been able to produce the concentrate from that date, then by now further advances in the business by increasing production by building another mine and/or enticing big mining concerns like Glencore to agree a 'joint venture' would have vastly increased the perceived market value of PREM way beyond that £200 million then.

Obvious, isn't it ?

DarthInvester

Your post is a good example of pure meaningless drivel - well done for bothering to make the effort to show shareholders the sort of utter rubbish endlessly posted on this forum !

The Simple Reality of 'Share Consolidation' is that it is purely an administration issue to reduce the tediousness of using a very large number when it is entirely unnessesarily impractically clunky.

Consolidation in and of itself plays no part whatever in the day to day functions and management of a business or it's profits or share price, except by virtue of some shareholders falsely believing it must indicate 'something is wrong' due entirely to the general ignorance of those particular shareholders. The relevant word to use to help understand what this is about is 'Sentiment' because shareholders personal opinions do matter as it is those personal opinions which makes share holders decide a business is a good investment or not.

And so the process of either selling their shares or clammering to buy as many possible is exactly what ends up determining the actual shareprice. And what happens after ill informed shareholders have a panic attack about the safety of the value of their shares is that a share price then recovers after a brief dip when everyone discovers the business is still an excellent venture which is obviously going to make a good profit for the shareholders who own it.

Equally the ludicrous deramping scammers here desperately posting endless drivel & lies like Raydaar & Jaglith for instance are deliberately trying to alarm & influence shareholders because they know, unfortunately, people are very easily influenced to believe drivel & rubbish.

This is why the World is full of fraudsters, endless weird cults and the like etc.

What is really going on with PREM Now............/continued

If there had been no problem with the production line then and no huge drop in the Spodumene price that share price and market cap would have held, only to hugely increase as another one or two additional mines would have been built by now - vastly increasing production.

Because Canmax are a large shareholder in PREM and clearly want the end product and have agreed an off take aggreement to buy it there are no real financial problems as Canmax effectively have unlimited amounts of money. So the debt owed by PREM to Canmax means absolutely nothing if Canmax have no plans to engage in sharp business practices to acquire full ownership of the mine and would rather prefer PREM to continue to run the mine as Canmax having full ownership might be a pain to them because all they want is the product & not the bother of actually running a business in a politically complicated Continent like Africa.

With everything now functioning properly & the mine producing and about £100 million already spent this just isn't a project anyone is abandoning to throw a hundred million pounds pointlessly down the drain. Anyone with more than one brain cell can see that.

I can't believe the infantile lies and rubbish spouted by the de-rampers here. So I was very reluctantly prodded to see what would happen if I made a completely factual description of the reality of what actually happened two and a half years ago with Stark and where PREM is right now.

Apparently Stark did make some sort of error in terms of their design and build of the spodumene production line. A delay, yes, but not exactly the end of the World as it would be possible to correct it. But it all happened to coincide with a very sharp, catastrophic fall in the Spodumene SC6 price from about $3000 a ton to about $650 a ton.

Many lithium mines just stopped production as a result because the cost of digging the stuff up and processing the Spodumene SC6 production line meant there was virtually no profit in selling it. So the Stark error could be used to fudge being in no rush to get the PREM mine fully functional because the cost of mining was almost the same as the price Spodumene SC6 could be sold for.

But now PREM wants to get on with selling the stuff & the Spod price is already rising and forecast to obviously rise more in the near future as World wide pressure for the urgency to increase the electrification of everything gets more frantic with more & more Global warming weather catastrophes happening around the World.

The PREM mining plant is now functioning with improvements to it and some final tweaks are taking place to get the best results out of the process. This would seem to include PREM wanting to make efforts to actually increase the monthly tonnage processed from the original 4000 tons to something a bit more useful, maybe, say 6000 or even more tons monthly as this would help compensate for lower spot prices of spodumene SC6.

So, against that background PREM has absolutely assured us the production process now functions correctly and PREM is expecting the processing plant to continuously produce Spodumene SC6 from now onwards and clearly expects to be selling it from now. But nobody can actually say that without 'testing' it which means starting it all up and actually seeing it continuously produce for a reasonable period of time which is exactly what is going on at this moment.

There is absolutely no question of PREM going bust etc as some idiots witter on about. About £100 million has been spent already to get this venture going. A huge lithium resource has been discovered, the production line now works and all that's needed is to sell it and use the growing profit to settle debt and beyond that to increase mine production further in the future, almost certainly by building more separate mine units some distance from the existing Zulu mine.

When everyone was expecting the Zulu mine to begin production two and half years ago the share price jumped to 1p and a PREM market capital value of about £200 million.

............/ continued in second post due to this useless software

The reason quite ordinary & unoffensive posts are being removed is that the person or software that is doing it is so ill educated and pig ignorant it is mentally incapable of understanding how normal communication functions.

I have this problem every single day as I spend every working day at my desk needing to phone loads of people. A huge percentage of those people that answer phones are total idiots that are incapable of having any normal conversation as they gabble incoherently and aways talk over you & generally are incapable of dealing with the simplest of conversations because they are so thick & ignorant. I've had astonishing experiences of this - one only moments ago.

It is often impossible to get things done because morons like those people in call centres etc just make it impossible. This problem is encouraged by the mis-use of computing in various ways & as a result the entire country is falling apart but few people understand why. And even if you understand why it is impossible to think of a way of preventing it or dealing with it.

I've just been prevented from paying two large sums of money to two suppliers of two different very expensive services I want to pay for. Each one is going to cost me about two thousand pounds & I'm fine with that and quite happy to pay for those two services.

In both cases it only needs about half an hour on the phone to complete those two purchases . One of those services has kept me going around in futile circles every minute of the working day for an entire week and the service in question still hasn't been organised by the vetinerary sevice & vet hospital in question. It is utterly jawdropping.

The second service is just an ordinary every day very expensive garage job normally only needing about a week to complete but still hasn't even been started after the car has been in the garage for three months !!!

In both cases the only reason it ihas so far been impossible to complete the transaction is only the unbelievable stupidity of the people I have needed to telephone and their inability to be able to communcate in even the simplest way.. And in both cases I'm about to go elswhere so those two organisations will lose a substantial amount of business.

What is Cost per Ton of Mining the Spodumene before then selling it ? I want to have some idea of this in order to relate that to the ups and downs of the daily spodumene price. It is difficult for me to find the price via the internet because of the disgustingly poor quality, dishonesty & imcompetent mis-use of computing just producing endless misleading garbage. 

I

t seems the Spodumene SC6 price has been and still is being hugely manipulated downwards from the $3000 a ton it has been recently . But obviously it will go up as Global electrification of everything inevitably accellerates. 



All sorts of delaying issues on the whole World dealing with the Global warming threat to humanity survival such as the Worldwide political turmoil caused by Mickey Mouse brain dead idiots like Russia's Putin and other moronic dictators; North Korea, China, Iran & numerous others and the complete & utter Clown that Donald Trump is.

The Global economy is bound to be very badly affected by the entire pantomime all these mentally backward people inflict on decent people.

What is Cost per Ton of Mining the Spodumene before then selling it ? I want to have some idea of this in order to relate that to the ups and downs of the daily spodumene price. It is difficult for me to find the price via the internet because of the disgustingly poor quality, dishonesty & imcompetent mis-use of computing just producing endless misleading garbage.

It seems the Spodumene SC6 price has been and still is being hugely manipulated downwards from the $3000 a ton it has been recently . But obviously it will go up as Global electrification of everything inevitably accellerates.

All sorts of delaying issues on the whole World dealing with the Global warming threat to humanity survival such as the Worldwide political turmoil caused by Mickey Mouse brain dead idiots like Russia's Putin and other moronic dictators; North Korea, China, Iran & numerous others and the complete & utter Clown that Donald Trump is. The Global economy is bound to be very badly affected by the entire pantomime all these mentally backward people inflict on decent people.

I have never seen the amount of 'techno-drivel' GNIP spew out anywhere else in my fifty odd years in the computing & software world.

What sort of accident happened to Tom Kelly ?