Member Info for NaPoM

$1.5m was for dev work to dig deeper on the existing UG mine. $6m pays for 2 drilling programmes on existing UG mine and a new decline shaft that will allow the mine to increase production to 15k tonnes of mined ore. All this info has been published b4.

Not replying to non holders anymore. Waste of time tbh.

Its frustrating having to wait...I get it. You have a right to have a go at the company on a public bb. You have made it clear to the company that your not prepared to dilute your holdings anymore. They already know it.

They only RNS market sensitive news. If things are ongoing wtf would they RNS it?

Chip you know there are events that the company is waiting on that is out of their control. Things are happening in the background which could answer your questions if you bother to email the company.

MTL - we are waiting for an event to happen out of the company's control. We still have a say in how HBR and KME pans out. All events inc. GR stepping down are linked to the $6m and KME. The letter about the $6m is real otherwise nomad will not publish it in an official RNS.

Im simply stating the facts about these so called 'holders' with hidden agenda. Would put you in that category blackoil.

How many opportunities do you need to get out? If you hold, which I truly doubt, surely your 'questioning' should have convinced you to sell at every spike and you would not have waited till it reached this low? After all your a financial guru according to your CV.

Make your mind up ffs. Bash, then sp spikes, you hold, bash again, sp spikes again and you hold yet again...where is the logic in that? lol

Not to mention the CV you sent me lol

Whats laughable is continuing to bash a stock that you apparently hold and telling everyone you will sell in the next spike again and again..lol.

31st march was the deadline to get approval from holders for HBR/KME acquisition. Its delayed.

Look we are here due to lack of funds and bad management...a turn of events could change that in an instant. If you cant take the pain then you wont enjoy rewards.

Everyone has a right to moan but ffs..everyone is on the same boat here...everyone is down...what i dont appreciate is people like moljen having a dig at every opportunity at people who remains positive and are still invested here. Everyone here know the situation they are in.

There has plenty of 'spikes' in the past why did you not sell then? You need to actually follow what you preach.

When the $6m or Circum lands all of you will be eating humble pie. Specially you moljen.

Potash price has risen to 25% over the last 12 months to $350/t which is good news for PREM's 5% investment in Circum Minerals.

https://www.forbes.com/sites/timtreadgold/2019/03/20/strong-demand-from-farmers-for-crop-boosting-potash-triggers-a-mining-rush/#5763b9844436

According to a recent presentation, Circum has secured MOU’s for the sale of more than the entire Phase I production of SOP. These cover a wide range of territories from America to China and India. The securing of these MOU’s demonstrates strong demand for the product and indicates that a sales book for the entire production can be built. The next step is to convert the MOU’s into bankable offtake agreements. Circum are targeting offtake partners in the
premium market and key considerations include potential for equity participation, reputable offtakers which provide lenders comfort over the final product and its uptake and track record in the fertilizer industry.

Raise to start work on Zulu was made on 26th Feb and this has not been factored in the working capital. If you look up the 7th Nov RNS re Restructuring Zim projects, the cost of completing the Zulu lithium project dev to get it to DFS stage is $1.5m. This covers the 20k metre drilling programme, road upgrades, logistics, management fee, sample prep, etc. PREM has paid KME 25% of the total to start the mobilisation of rigs and drilling. Total time allocated to complete the project is 13 months which if costs does not go over £1.5m is $115k/month which is roughly 3 to 4 months worth of drilling. Rainy season in Zim is supposed to end today and Im expecting an RNS to inform us that drilling has commenced any day now.

Wages & expenses vastly reduced in 2018 and 2019 IMO. According to the interim report Jun 2018, the cost of keeping prem above water at corporate level has been cut dramatically with reduced wages and expenses plus RHA in C&M mode. In 2018, prem raised funds through new shares and a director's loan totalling £1.38m to pay for working capital, last darwin payment (£145k) and cost of RHA in C&M mode (est. £500k). This leaves £735k for working capital to pay for wages, expenses, AIM fees, etc. which works out at est. £60k a month during 2018. A raise usually happens every March to pay for the cost of listing on AIM at $100k in April. Recent raise of $400k covers this plus est. 5 months in wages and expenses based on average of $60k per month.

Thanks Smiley. Other factors to consider that will improve our current situation: KME managing PREM's mining operation & GR stepping down will IMO reduce operational risk, add value to the sp and improve sentiment. PREM not going ahead with HBR acquisition IMO will also improve sentiment as the threat of heavy dilution is no longer there. PREM doing the KME deal paid by shares after the $6m is received and higher sp or funded by other means IMO will also improve our situation. Recent news of ATP tungsten price going up due to limited supply in future is good news for prem holders.