Member Info for NettlesTheCat

Good to see you here Acores. Thanks for the message.

I personally feel a 600m MCap for KOD is probable based on Hainan's presence.

It's not happened yet (you maybe a day trader, I don't know), but I'm long term (LTH) from 0.09p as you may remember.

KOD is currently at 64m Mcap with no new news on export licence/permit (but we all hope it;s on the horizon for September). They were 0.84p without even drilling (MCap 100m+).

If anyone tells me a company with a 3 year off take (soon to 5 year) with 95% payment at shipping and a permit to export isn't a tenfold expansion via entities we don't even know about yet investing, then I'll hang my cat coat up.

I actually agree with you Chef.

Bernard has become a bit of a PR stunt due to his ill advised marketing, but the essentials and fundamentals are still there, so maybe it's best to see through the crap and look at the figures.

"I'm not telling anyone how to invest Nettles. Someone's making money here out of the ups and downs and well done if it's you."

Again, I totally agree with you - I was in at KOD at 0.09p way before any mining was even thought about, but I believed in the need for Lithium and to be honest, at that time, I didn't like PREM for the reasons you mention.

However, active mining stocks on AIM are really their own entity right now and it's going to boom or bust for each of them. I think we agree on that?

For me, I'd like to be 'in' with those who I feel may do something. I might lose a few quid here or there, but I actually think PREM will come good.

"Nettles you need to dig deeper into PREM and learn whole lot more about the company and most importantly to try and become fluent in "George Speak""

I get it buddy - we had so much "Bernard speak" with KOD and as you will well know, both PREM and KOD had the best rollercoaster ride we've ever been on in the last 4/5 years.

Fundamentals with PREM are OK in my humble opinion, and I do see them going the same way as KOD (once export license/permit is agreed).

AIM stocks with next to zero income will always ask for new cash but the end result 'could' be outstanding. And for me, the time is right to capitalise on most mining stocks for the next 5 years.

"I can understand the punt, but surely it would be better to punt after the pending dilution."

Totally agree with that ACKER, but it's a small enough investment that I don't have to keep a check on it, so I'd rather be in now to get the corporate action highlighted to me rather than checking every day. I'm LTH by the way (I should have said that before) so I won't be drawing funds for at least 5 years.

"Sorry Nettles but you've not looked at this one carefully enough. It was set up on the idea that a pilot plant could start small and generate the revenue to prove a better resource as time went on. The problem is that lithium is a more complicated target product than a base metal and they can't work out how to extract this particular ore in an economical way. There's too much lepedolite (or mica) and the final product has never been good enough for sale. If they figure it out it could make money, but as things stand it just doesn't work."

I take your points on board friend, but PREMs arch nemesis (KOD) has proven how you can mine spod with an immediate off take. My stake here is small, but having looked at their timeline, they are about 1 year away from KODs current status.

PREM will either mine (as KOD successfully have with 44k tonnes currently sitting there with a guaranteed funds at off take through Hainan at 95% at ship - not destination to China), or they will be bought, or they will fold.

For me, the punt I have taken is a good punt based on the amount I have invested, and the fact that PREM will be looking at peers to enhance their model, is only a good thing.

I could be very wrong.

Certainly a lot of crap on this forum, but everyone is entitled to their view of course.

... and apologies for putting this out to my trusted fellow investors here on RR rather than anywhere else, but I don;t trust them as much as you learned chaps and chapesses.

Why does any take an annuity? It makes no sense (does it?). I'm 5 years away from drawing down any type of personal pension (in my case, my a SIPP), but that's already going to be 57 for me (so 7 years for me).

Let's just say someone has a 1m pound pension pot. At 55 (soon too be 57) they can take 250k tax free - leaving £750k. At best, they are looking at a 5% annuity? Hopefully we agree on that figure.

Rough calculations suggest the only 'gain' from exceeding the initial pension pot is around 2o years - so someone at 77 will then be in profit from the annuity (from their perspective). If you live to 90, that's awesome, but it;s not great if you die at 58.... the whole pension is gone.

So why do annuities still exist? Surely it's better to keep your SIPP and do a drawn down every year (after your initial 25% tax free) to have a happy life. All funds left will transpose over to your designated spouse/child/cat, and you continue to earn growth on what you have invested? (I know age 75 is the cut off for your designation to receive everything tax free - but it's still better).

Anyone here on annuities here? Or deciding to do them in the near future? I simply can't see any upside to them.

Correct me if I'm wrong - please!

"OUR TIME HAS COME."

Not reading that from anyone on here ACKER (good to converse with you by the way!).

Not been here long (always prefer KOD.L) but I got in as I'm doing with as many mining stocks I can (with due diligence of course! 😀).

Prem only down to July 9th pricing, half price of April 23rd.

I thinks it's got legs to get in at these dips.

"We are generally pleased"

Sounds like my misses.

Nic start to a Friday. 10%+ increase today?

"Not to mention cashing in your works pension of 30k to buy in here only to announce it the night before….."

I transposed my SJP pension to a SIPP and put 30k in yes (reduced to 15k), but I'm self employed and that was a very small part of my SIPP (I don't like to talk about money to be honest - rather vulgar).

But as long as you are OK, we're all good. Enjoy your evening sir.

"Nope .. I have very little experience in share dealing .. fourish years ago I put my life savings into RR because I was sure they'd recover.. it's coming near the time that I can cash in and have a good retirement.. I've made over 1000 % although saying that I'm not against buying into a good dividend share .."

Mate, no arguments from me on that - awesome foresight! Well done! And enjoy every second of it sir!

*although (not Lough). - cats paws not working! 🐈‍⬛

I'm only asking as I've b been on the RR forum for 5 years (from 98p to £11) and the constant negativity by some makes me question their mental health.

Are they trolls, or do they actually agree with what they say? Again, no hate to Chef as Lough I bought in at 0.09p 5 years ago, I've not frequented here.

I often find it best to ask the question of "are you actually OK?" as if you're not, we can possibly help? Or are you a troll? Or something else?

Trust always outs dude so best to be honest and we can have a chat maybe?

Honest question. I don’t like to argue on these forums as you end up debating with amoebas, and no hate at all chef, but are you ok?

Honest question mate.

Honest question. I don’t like to argue on these forums as you end up debating with amoebas, and no hate at all chef, but are you ok?

Honest question mate.

"The unknowns are how much value is still to be added here from resource upgrade and the two gold mines."

Totally agree with you. Always good to get fellow investor options. 👍

"Same here .. every penny I have is in RR .. luckily in an ISA .."

It's been a good day for me so not wanting to start a massive debate, but do you mean "everything"? Don;t get me wrong, great choice in stock but are you not interested in looking around for the next "golden share"?