Member Info for Novykluk

learner.trader
An excellent reply by Jonjo19!!! His numbers I absolutely concur with and believe they as accurate as we can calculate at this time!!
I would have replied with the same bottom line! Buy Jonjoe19's detail (which I knew but could not recall) was far better than what I would have provided!

A great Post by Jonjo19!! Thanks from me too!!
NK

ACKER
All LTH's and followers of PREM will know that no definitive date has been given for either an IPO or a sale of the Circum assets! Indeed a sale was being considered only a few months back!
If you are a close to the "PREM/Circum" story, you should know that several moths ago it was "put in the public domain" that there would be a "Circum liquidity event" before this year end!
I have to confirm (that I can recall) of where that published. But I think is was quoted by GR in one of the several Webinars he held 2-3 months ago. But it was clearly stated and indications are still that it will happen!

Re: "What makes you so sure that the vote for the dividend will be successful,I for one will not be voting for the divi."
You apparently hold the same view now which I too held some months ago!
Of course I cannot say for sure the vote will be for payment of a divi.! But I do think many well informed investors are now likely to vote to take the divi.! Here's why;
* When I held the same view as you, it was because I felt the company needed the Cirum proceeds to fund the Zulu DFS work. At that time it seemed crazy to be paying a divi. whilst then needing to fund a DFS for a game changing asset!!!
* With what I know now though (I refer to big boys waiting in the wings awaiting for the EPO to land), it's very clear to me that a deal of some sort (I expect a JV) will be struck with a big player for their involvement in ZULU. That deal IMO will provide the funding for the DFS, which to a large player will be just "pocket money"!!
* So my view has changed and in the scenario I envisage, the Circum funds will no longer be needed for the Zulu DFS.
* That's why I and many of the investors I talk with, will all vote for a dividend to be paid!

NK

Correction:

Collectively these factors tell me there's now NO downside to the PREM price at this level. That is why I've added to my holding earlier today!!

London74
That's not true in all cases by any means!! I have been a LTH and I'm very clear about the considerable upside which awaits any investor buying at this level!!
I do not have any inside information! But I do know people who "are very well informed" and in whom I trust!!
As a result of those contacts I am absolutely convinced that:
* The EPO will be signed off "in a few days" and I'm very clear that I shall not be trading PREM with the risk of missing out!
* The Circum dividend will materialise this year and that alone will underwrite about 0.10p of the current share price! It means the rest of the assets are effectively in for free!!
Think about it!! It means:
* Zulu after EPO (with a 57 time larger footprint) is in for free!
* No upside is yet priced in for the expected JV for Zulu with one of the major players currently talking to PREM!!!
* No upside is yet priced in for the planned RTO/JV with MNH!!

There are a number of other positives about to occur too, like a new Chairman of the BOD and GR standing down!!

Collectively these factors tell me there's now downside to the PREM price at this level. That is why I've added to my holding earlier today!!

GLTA LTH's.
NK

Tedoby, great to have you posting again here!! I look forward to your further thoughts and analyses!!

You very rightly mentioned the very striking fact, for a Small Cap AIM stock, that PREM is a net creditor. Remarkable!! That's additional to having a significant number of catalysts which are (IMO), very likely to create a significant re-rating in the next few days or week or so. Not wanting to be repetitive, but for clarity, we know those include;

* The EPO being about to "land".
* A with a "major player" being prepared in the wings ready to go once the EPO arrives.
* Likely RTO or some form of merger with MNH (the very profitable manganese miner) for RHA.
* RHA upgrade progressing to plan.
* The Circum liquidity event only weeks away now.
* 50% of the Circum proceeds (less minor expenses) now formally ring fenced to pay a dividend to shareholders! Worth between £5,000 - £10,000 per 10 million shares! (See neiltom88's post yesterday)
* George Roach to stand down shortly!!

I'm still "under water" with my PREM holding. But with so many catalysts imminent, there's now way I'll be selling one of my shares! In fact I continuing to add!!

GLTA genuine LTSH's. NK

Just look at the catalysts which at long last are now aligned:
* EPO about to "land".
* JV being prepared in the wings ready to go once the EPO arrives.
* Likely RTO or some form of merger with MNH (a very profitable manganese miner) for RHA.
* Irrespective of the USD vs RTG debate, the government has confirmed it will fund the return of RHA to production!! So currency is irrelevant!
* RHA upgrade going nicely!
* The Circum liquidity event only weeks away now.
* 50% of the Circum proceeds (less minor expenses) now formally ring fenced to pay a dividend to shareholders!
* The value to share holders of that at Circum dividend is approx. 0.10p!! So that is a 77% dividend (at current buy price) "nailed on"!
* George Roach will shortly be standing down!! My expectation is that the highly respected Neil Herbert will the become CEO and guide the company to the Zulu DFS with our major JV partner.
I'm amazed and thankful I can still buy at this give away price.
My expectation is that upon return from suspension following the EPO and JV announcements, the share price will be 1.0p.
That's over a 7 bagger from the current share price!

GLTA genuine LTSH's
NK

It is KNOWN that the Zulu EPO is about to "land". That will trigger finalisation of the ongoing JV discussions with the very big players. With the award of the massively enlarged tenement (yes, we all know it's 57 times larger!!) will give Zulu the scale essential for the major players!! It's the EPO the big boys have been waiting for!
Once that happens, the company is very likely to have its shares suspended while the JV is finalised.
With the JV able to fund the Zulu DFS, when the companies shares resume trading they will have been subject to a massive re-rate off the back of a world class JV partner.
I am expecting the EPO to be RNS'd in the next day or so and am accumulating ahead of a massive re-rating!!
My advice is buy now or miss out big time!

GLTA genuine LTH's
NK.

Yes, I'm pretty certain I shall be there!
I too have some pertinent questions I want to ask!!
NK

Many thanks Porschefund!! Much appreciated!!
Haven't studied the "text" of the new link vs old. But not sure why I was unable to "open" the previous link earlier today.........no matter!

The link to this report, very kindly provided by Porschefund, no longer seems be live??
Can anyone please provide a link to that excellent report please?

GLTALH's
NK

ZENGAS, very astute and typically spot on as usual! Thank you for your excellent Posts.........you add considerably to the value of reading this BB!!
I Post, purely to endorse the drift of your point. That there is a considerable volume of currently flared gas, to which AK referred in an video interview (about 12 months ago I think) which he implied was a low cost win win to be obtained in due course.
In the "grand scheme of things", capturing these flared gas opportunities will probably be small bier I would think. But they serve to add to the portfolio of massive upside for SAVP once the deal is finally "put to bed"!!
And to think, I only invested originally for the "thrill of the drill" in Niger...........only to find an O&G company very likely to multi-bag!!
GLTA LTH's
NK

In these uncertain times e.g. global trade war, undemocratic Politicians with no integrity, an Islamofacist attacking the Kurds etc. etc. one can perhaps understand PI's taking profit as the PREM price begins to move.
BUT with the company being on the cusp of announcing the Presidential sign-off of the EPO, I cannot risk being "out" when that hits. President Mnangagwa will announce LATER TODAY, the governments plan to support/develop a $12bn mining industry over the next 3 years. In the ZIM press article announcing that initiative, the Zulu prospect was stated as one of the "candidates"!!

Manangagwa won't achieve that goal if he sits on his arse and doesn't sign the Zulu EPO promptly!! It's my expectation that PREM will get his sign off once the government's big fanfare has been enacted today. I am therefore expecting an RNS during this week announcing the EPO sign off has been received!

Not a time to be "out", when the share price is about to take off! Least not IMHO!

GLTA genuine LTH's

NK.

Great exchanges CF73, IQ157 and Hammered11!

I note your "conservatism" CF73, with your reference to a move to 0.3p - 0.5p! But as others have said, it's better to be conservative than ramp!! I do agree though, that with all of the now "pending" upside factors in-place at PREM, I for one can well understand Snowking's assertion of a 1p target for Christmas!!

After my years of disappointment (and losses) with PREM [thank you George :-((!], I'm mindful of the following strong upside factors which I'm convinced will help me eventually recover my losses;
* George will be stepping aside so that we can have a real CEO! Niel Herbert (his likely replacement) is a real professional with a 30 years track record in mining!!
* The Zulu EPO has been awarded and only now awaits sign off by the President!!
* The President will TODAY present his plan for ZIM to grow to a $12bn mining industry, with LITHIUM mining being at the forefront of the initiative!!
* The Zulu prospect after EPO will cover an area 57 times larger than its initial holding.
* This enlarged area is a "game changer" for PREM, as it is now attracting the "big players" and will provide the scale for one of the worlds's largest hard rock Lithium mines. The original prospect didn't offer that scale.
* With a 4% Lithium grade, Zulu is equal in quality to best grade mines in the world........a point not lost on the "big boys"!!
* The Circum liquidity event is said to by end of year..........so we're close! And we know that a substantial part of that $10 - $15m asset has now been ring fenced to be paid as a divi to shareholders. That is likely to be worth about 0.1p/share! So the current share price is underwritten and ZULU IS IN FOR FREE!!
* With Neil Herbert soon to be "in the chair", what a "player" to be in place to take Zulu to DFS!!!

What value for ZULU when at DFS within say 12 months?
Once can easily see a share price in whole pence!!
As a LTH with large losses (no doubt like many), I'm now confident my patience will be rewarded!

GLTA genuine LTH's.
NK

I've topped up too!! Looking beyond this short-term noise our assets just keep getting better and better.

I agree with other Posts that the malicious Winnifrith attack (and Braileys pathetic deramp a few days ago) hold the MO of Winnifrith with his now many dubious practices...........remember his short attack on Bluejay Minning which was in concert with Richard Jennings of "Align Research" ......."research" so called!!!

Bamps21

I like your positive style.......genuinely!
But respectfully re; "207 bopd is c$1m a week gross"...........you must be using $690/brl for the price of oil??

Perhaps you intended to use $70/brl and had a decimal place glitch??

Spot on Vmax!!!

I'm rather surprised your first message wasn't understood!!

adoubleuk,
Many thanks for your informative Post!!

Simon_Said,
Thanks too for your observations........both very helpful!!

It's good to be able to read a BB with a number of intelligent participants. Sadly so many have been infected by de-ramping Trolls!!

fairview, re:
"Anyone got any thoughts on what this means in terms of moving forward with the EWT? If this is rubber stamped by the planning committee when they meet on the 12th is that significant for the EWT?
I find the newsflow on West Newton less than informative. One minute we are starting EWT, the next minute it is being put on hold. If the need for extra storage was the reason for pausing the EWT, why didn't they just say that in the RNS?"

In the RNS of 29th August the company made it clear the pause in well testing has been necessitated because WN is now considered an "Oil find" rather than a "gas find". There will be far more knowledgeable "Oil techies" on this BB than I, but we were informed that the method of well test must now be redesigned because of the predominance of Oil. Presumably there will need to obtain different environmental approvals to permit for some "flaring" during the changed testing regime.

Logically the EWT will now take longer than originally stated. But in the light of this substantial Oil find, it's still excellent news in my view!

LGO-fan
Thank you for your information regarding the rules on "Closed periods". In light of those, your view that Third Party Entry won't happen before Saffron spuds makes complete sense! I wonder though if I were LK, I would delay the spud until I were able to be out of the closed period??? I appreciate that has its risks of course!!

Interesting too was your link to the article highlighting the decline in oil exploration in T&T compared to Guyana! I do think that before this year end the will be a government response on the SPT. It clearly is not a well thought though piece of legislation, the consequences of which are now damaging their economy. Leo sounded very upbeat at the AGM regarding the likelihood there would be a positive reaction from the government in the not too distant future!

Leo's a very smart, very experienced and very determined professional! He's announced he wants to buy more shares in the company.

He has expressed considerable confidence regarding the probability of success from the Saffron drill, which would logically cause a notable increase in the share price! I can only conclude therefore that he and his team will be doing the absolute maximum, to close the Third Country Entry deal before the spud of Saffron and thus release themselves from the current closed period!

It seems inconceivable to me that since taking 50% of his salary in shares (I think at a price around 5p???) for so long, he (and the BOD) will be doing the maximum, in order to be able to buy shares in the market before Saffron. And they very much deserve that opportunity IMHO!!

Conclusion: The Third Country Entry deal will close within the next 20 days (or so).