Member Info for NaPoM

Based on financial report Dec 2017 and funds received to get RHA back to production. RHA - $9.75m (impairment value) + $6m cash balance Zulu - $4.29m (PFA) 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.

Still a few left then..44 left in the group with 1.15b+ shares give or take. Based on current SP would you agree, disagree or abstain to: Scrap or delay HBR deal  Wait for $6m or Circum (whichever comes first) Pay for KME by other means (loan account with KME or other debt) or after the $6m is in the bank, pay KME with shares As soon as KME is paid, KME management will take over which will allow GR to step down Delay AGM until at least 1 from each of the above happens. It will help us know many shares required to raise the share ceiling Production targets for KME drilling or history of past performance required as a condition as part of the deal for KME

Just for info how many of you on here are left holding prem who are not in the group? No need to reply moljen lol.

Jesell, apologise if my comment has offended genuine holders. Plenty to be negative about holding prem. Same could be said for Pilbara Minerals at the very beginning..look at where they are now. Point is while prem is still in the game, helped by having no debts, it still has control of its future.

no longer there...Raise was done a few weeks ago for working capital. $6m funding when it comes in will go a long way to provide the working capital for RHA. Raise for Zulu drilling was also done a few weeks ago and is now funded for the next few months. Cost of drilling at Zulu is significantly reduced with KME on board at $45 per metre. Total drilling needed to get Zulu to DFS is 20,000 metres and will cost around $900k + mobilisation costs. New shares will need to be issued in the future if we are still waiting for Circum which I doubt will be waiting much longer. Circum major holder and director Stephen Dattels recently sold LSC Lithium imo to focus on Circum. HBR purchase would take up too many new shares at current sp therefore will be rejected at the next AGM. Logical next step for PREM will either delay it or scrap the idea altogether. KME purchase will be delayed imo until the $6m is signed which will give a few payment options for PREM on the table. Loan account with KME retaining 100% equity until the loan is paid is one of them.

Smiley - votes will be delayed. Shareholders need 2 weeks notice for the AGM date. HBR & KME IMO not happening at 0.085p as this will require a share ceiling increase of 5b to 6b shares!! Logical to think that holders will reject this guaranteed. BOD are aware and are taking action. $6m funding could happen anytime now...working in the background to get this over the line. KME are getting on with the job of drilling Zulu for the next few months. They will also be drilling at RHA when the $6m comes in. It is their interest to wait for PREM while the BOD find other ways to fund the purchase. IMO best time to be buying right now...the risk of heavy dilution is no longer there. Holders will not let it happen. Haters are out in force to spread muck on the company.

The question you should be asking yourself is how long can you wait. Only you can answer that question.

Will add last year's impaired asset RHA worth $m back in to the books resulting in an immediate rerate. A solid RNS stating a scheduled plan to get the mine back into production, KME BOD in charge of operations will add further value to the SP.

A few of us have tried chip..not happening. Would think company nomad would have access to be able to verify RNS of letters from govt.

Good time to own a Tungsten mine according to this interview.. https://www.proactiveinvestors.co.uk/companies/stocktube/12711/-it-s-a-brilliant-time-to-have-a-tungsten-project----roskill-s-jessica-roberts-12711.html

Smiley will pass it on but thing is BOD are already aware that sp needs to be a lot higher b4 they can raise for KME/HBR. FYI. HBR is loss making too so will be difficult for them to raise CAPEX upfront. They plan to use the funds receive from sale of 50% of their asset to PREM for CAPEX.

Appreciate the options but there are financial constraints and deal breakers that may narrow/limit the options you have presented. Lack of capital is the main issue and it's needed upfront to finance the purchase of assets and the cost of drilling. The RNS dated 14th Feb which explains the head of terms have already been agreed between all parties - anything that deviates from this will be a deal breaker. After due diligence and shareholder approval are sought it will eventually become a binding contract. We have no say in how this deal was put together nor can we change it to suit our needs. The only thing we have a say in is if we agree or not to the way the deals are funded. At the current SP level, BOD already knows they will have a hard time getting shareholder approval for both deals combined or separated for voting purposes at the AGM. BOD's next move IMO (just like Brexit) is to delay the voting for these deals until RHA $6m funding is signed and delivered. Review our options after. If BOD decides to go ahead at this SP level if combined will flatly be rejected guaranteed and if we can vote separately well KME has a better chance of getting approval.

Sorry if my responses are delayed..full of painkillers at the mo due to recent accident. On way to recovery now. Would appreciate your feedback on this board. Other option suggested in the group was to wait for circum. Again, waiting for something to happen out of our control has not worked for us so far.

Note your concerns and its more or less what we think as a group. Hear you on loan account but they need capital straight away to drill. KME and HBR are somewhat linked IMO...same shareholder or management team..not 100%. Have asked GR to be able to vote for the 2 deals separately but not getting a response so Im thinking they are linked. They see massive potential in Zulu and our other assets plus they see PREM offer a route to raise funds via us. At current sp level, majority of LTH not willing to raise for HBR. BOD knows this. Assuming KME and HBR is linked, the BOD must be thinking of a way to restructure the payment terms based on % ownership. At the beggining of the last webinar, GR touched on the equity structure of the deal saying that nobody is questioning it. IMO this can be negotiated at this late stage. Few options on the table IMO. We are buying 50% of KME and HBR...supposing there was a way to buy 25% at month 0, 12.5% at month 3 and 12.5% at month 6. This reduces the raise at month 0 ($0.7m for KME and $1.3m for HBR). PREM still needs to raise $0.5m for 3 months worth of gold mine working capital which HBR will match. Total cost to PREM initially is $2.5m to own 25% of KME and HBR which is still a lot at current levels. If RHA cheque is signed and delivered in the very near future. SP will IMO rise enabling PREM to raise $2.5m with less shares. 0.1p = 2.5b shares 0.2p = 1.25b shares 0.3p = 833m shares 0.4p = 625m shares Hoping by month 3, Circum funds will be available to acquire the other 25% for KME and HBR and pay for the rest of the Zulu drilling to get to DFS stage.

HBR CAPEX is 50:50 with PREM. The $2.2m HBR will receive in shares, $1.5m of it will be used for CAPEX and PREM will match it with another $1.5m. If you minus the capex, the initial cost of the HBR deal is only $0.7m ($3m is allocated for CAPEX). If PREM can restructure the payment terms $3.7m spread over 9 months in 3 tranches, would you guys consider it? Katete REE is very early stage but the mining licence covers 3750 hectares which is over 10 times the size of Zulu.

Dont worry I wont share your info Mol...im not like that. Just having a laugh at you.

Enough now..might want to share your cv for a laugh. Might even create a parody account on twitter lol.

What's real is you sending me your CV. Sorry I still cant forget that. Who would in their right mind would send a total stranger personal info such as your CV. I dont need to employ trolls like yourself. I get that for free on LSE lol.

If you cant handle the pain then you wont enjoy the rewards.

Lack of capital is the issue with PREM...currently addressing the management issues with this new team but capital is the issue...which is the same for every junior miner on AIM.