Member Info for NaPoM

Just a reminder why we are still here and the opportunity it represents to new investors.

The opportunity to change our situation in an instant could come any day now when the $6m is signed and delivered. Just a reminder of what could happened the minute the $6m is in the bank will result in the revaluation of PREM's assets.

RHA - $9.75m (impairment value) + $6m cash balance

Zulu - $4.29m (PFS)

Circum 5% @ $1.25 a share - $6.25m

ARCM @ 2.5p a share - $165k

Total value with RHA funding: $26.4m or £20.24m. Est. share price @ 0.253p

When RHA is fully operational in 4 months time will add est. $5m a year and $50m or £38m to prem's market cap.

Add circum investment if they decide to buy prem's 5% @ $3 a share will add $15m or £11.5m

Total value with circum & RHA producing could be $85m or £65m. Est. share price 0.81p

Add Zulu valuation after EPO is granted and it reaches DFS $??m

Drilling other assets with KME on board will also add value.

Shareholders wanted the threat of heavy dilution to be removed to give SP a clear path for recovery once the $6m funding is signed off and delivered

FYI. That 'letter' is now a funding agreement contract between the govt and PREM which is a legal document that has now been approved by govt officials. Now waiting for final sign off for the bank to release the funds.

Thats right knicol. IMO this will be a big PR excercise for the govt. Needs a lot of planning to pick out the opportune moment to promote it. The president himself will probably want to be onsite at RHA to officially reopen it.

The govt has already agreed to the $6m funding. Legal side of the agreement has already been approved. Just waiting for the final signature to enable the bank to release the funds.

can happen any day now

"The final agreements are with the office of the Ministry of Industry, Commerce and Enterprise Development ("Ministry") and Premier now awaits final sign-off."

One of the questions we need to ask glos. The drilling contract for this was done before the KME deal was finalised. Now that KME purchase is shelved for now, they will still need to honour the drilling contract.

The plan after that is total focus on RHA tungsten get this asset producing and making a profit. When the SP recovers, it gives us more options on the table.

As the threat of heavy dilution is no longer there, when this $6m cheque is signed and delivered, will get the sp moving without a doubt.

No further dilution is what shareholders asked for. Wise move IMO. Get the money in first.

Oil price could rise to $80 per barrel due to tightening supply and low reserves. https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-04-16/opec-gambles-with-success-of-production-cuts-as-80-oil-looms

I agree Ralph. Bought in today after finding out about your new investor. http://www.the-private-office.com/private-office-activities/

Just ignore it. Only a solid RNS will shut these people up.

Did you see johnnyv's instagram pics....lols. He did say he has nothing to hide.

Not going to put it on a plate for you read it up yourselves.

All this info is in the interim report.

You do know that George has invested $5m in PREM by selling his previous company's shares in Circum. You are asking him to take a pay cut to an already reduced salary.

Directors are required to RNS changes to shareholdings so far no shares were paid. Would agree to further salary cut until $6m is signed and delivered.

There has already been a 50% salary cut and rest paid in shares that are deferred. Do you want to reduce the salaries further or all of it paid in shares?

Im not sure it is abit of coincidence that he used to own stakes in a gold and lithium company. Sold them recently for what reason nobody knows.