Member Info for NaPoM

Traders who sold out on a bullish run will usually try to deramp to get back lower.

Costs/salaries/expenses has been slashed to make the working capital they have left to last. GR's holding is over 8% so it is him who will suffer the most if he raises at these levels. Company had the option to cash in on ARCM shares if needed short term. Access to circum shares and govt funding is close.

NewCo will need shareholder approval which I dont think he will get now that Circum is close. The process of finding a partner for Zulu will be easier if the company can find a funded route to take the project to DFS stage. Bigger companies will not be interested in taking on the risk prior to DFS stage. The zulu lithium project is a tier one asset and the target of 120mt to 160mt is realistic now that the company is applying for extra land. KME as a mining contractor under PREM could still happen using some of the Circum funds. Drilling costs will be reduced in the long run so could still be an option. Issue with RHA is that the company was no longer willing to fund its development while being a minority partner. It was the right decision to put into C&M mode while the company negotiated the ownership structure with the govt.

Thanks for your thoughts Ted.

News incoming on all fronts IMO:

- Update from Circum...hopefully will get to know when Circum will IPO and the amount raised by debt funding which will determine the value of PREM's 5% stake (IMO in region of $20m to $30m)
- News of the company applying for more land at Zulu according to the news articles. The maximum that PREM can apply for with an EPO is 65,000 square hectares or 650 km2 (according to the Mines and Minerals Act). The Zulu is currently 3.5km in size in comparison si this could be huge news. If circum is close, no reason for the company to form NewCo. Some of the Circum funds imo should be used to develop Zulu to take it to DFS stage.

- News overdue regarding the govt's plan to fund RHA back into production. Could be worth $2m to $6m IMO.

SP's sudden jump up to 20% last friday doesnt just happen by chance.. #PREM 's 5% in Circum could be worth $30m to $40m, funding from Zim govt worth $2m to $6m to bring RHA back to production and NewCo to finance drilling for zulu lithium asset, biggest in africa, to DFS stage...not to mention the mining licences that the company has applied for including gold and copper.

Amount of news due to arrive in the next week or so will be epic. Close your positions while there is still time.

Yep, its true that we have paid trolls working on this board.

With any of the following outcomes IMO:
- the long awaited Circum IPO finally comes and PREM's 5% circum investment gives the company, who are not locked in btw, the funds it needs to advance the zulu lithium project to drill the fk out it to get it to DFS stage. SP will rocket high enough to pay KME with shares (locked in for x amount of time) or could use part of circum windfall to pay for it. PREM will effectively become a mining contractor/explorer/producer in Zimbabwe with a licence to drill but full focus will be on Zulu and RHA. The company has already made applications for EPOs (Exclusive Prospective Order) to the MOM to acquire mining licences or more of it for lithium, tungsten, copper, gold plus many more. Funds could be made available to develop RHA but imo the company must put an end to funding this mine until we have majority ownership. If govt keeps playing hardball, company must make the decision to take the legal route for us holders to move on. The wait for RHA equity ownership resolution must come to an end. The formation of Newco does not have RHA on its critical path so this could be happening in the background. Also, LTH will be looking for GR to fullfil his promise for a special divi from the circum pay day.
- Another scenario could come with a rns stating that Zim govt will give PREM the funding it needs to get RHA back to production. The purchase of KME as a mining contractor will still go ahead as part of PREM or NewCo could still happen but with a lot less dilution.
- the last scenario is the company keeps on waiting to get the 90:10 ownership deal or funds from the Zim govt to get RHA back into production. There is not an unlimited time to wait so an rns will probably come to say that the company will take the legal route. The company may sell ARC shares for working capital etc. but I doubt they will take it this far. The logical thing to do would be to take the legal route. Demerging to Newco with KME will go ahead dependant on funding and shareholder approval but not critically dependant on RHA ownership issue. Shareholder approval will depend on how this Newco venture will be funded...as time goes on the closer we get to circum ipo, it puts a likely scenario into question..why cant we just wait for circum ipo to fund all projects/plans under PREM?

KME wont be able to convert shares in NewCo for x amount of time...they will be effectively locked in and shares I believe will be given in tranches which will reduce dilution...drilling zulu to get it to dfs stage in 6 months will offset any dilution and so will the funding that could still come from the zim govt for RHA and the long awaited circum ipo. Everything is still in play and for those who have waited will be rewarded. Massive potential for a major rerate if GR can pull it off. Good luck all genuine LTH.

Same time when you went quiet in the old prem group....a bit of a coincidence dont you think? Lying muck spreader.

Moljen, somebody told me you sold out on Nov 17 when you started joining the traders group. Youve been trading this ever since..

Salaries paid in shares needs to be reported via rns...aim companies are obligated to report directors renumeration in the interim and annual financial report. I thought you knew this seeing that your the financial guru according to your CV LOL..

Buying more to average down.

Getting rid of GR then or even now would cost $$$ not wise in our situation. Newco will make GR step aside willingly if holders approve it. Also, your removal wasnt just my decision either nor am I in charge of anything. My job is to keep the group together as long as i can. Any action taken will require approval from the majority. Sp is where it is because of the lack of progresss. The company has stood still in 2018 because of RHA and imo the wait for circum IPO. 2019 cannot be the same and everyone knows this. Pressure is on GR bto produce coz our patience including mine is running out.

*you and others..

Crystal post removed what did he say anyone?

Company has funds to last til dec 18 and month are we??? Ding dong..Cost cutting + salaries reduced as stated on 28th sept rns. Company will not raise at these levels

The reduction in salaries was requested by the prem group which a lot on here slate for doing FA. The company will not raise at these levels.

That RNS before the directors salaries were reduced significantly and half taken in shares. Please correct me if im wrong with proof.

Prem investment in circum is not locked in...csn get this confirmed.