Member Info for Phillip1976

I asked this a couple of years ago when the share was at .02

If we have the lithium then why not buy the company on the v cheap. The Chinese could easily write $30m off

Basically it invested into the gold mine and the talk was that the SP would go to 5p.

Then PREM wanted to raise funds for Zulu and RHA, did deals with Darwin, then bought some crap companies that there were going to sustain it whilst Zulu and RHA were developed and basically squandered £10s of millions of shareholder money

That’s obviously a condensed summary but pretty accurate

You can say the same over the last 7 years in Prem…it’s like a broken record

Prem always bounces twice a year, don’t go with your heart trust the head and make some money

We will see the usual rise in March and all the positives and then the usual drop

Yea Acker he’s basically saying the JV partners have already bought in and that GR is no longer in control of making decisions in the company.

I must’ve missed that RNS

Yes acker what GR usually does say makes sense, it’s his actions which are the problem.

It’s like he has a split personality, says one thing and then does something totally different . I don’t care what other shareholders say, we should’ve taken on debt, he should’ve borrowed the £400k , main reasons is, if we are going into a JV then that can be part of it, but yet again it’s the shareholders who are paying for it.

Major and simple mistakes are being made time after time

And what a crap share…the crap talked about on this BB is unbelievable

If news was leaked we would be around .22 as .23 seems to be a troublesome barrier at the moment.

The next 2 RNS will need to be superb to get market confidence back, this share can not continuously wait on everything lining up, it needs to be proactive, it needs to be doing more at the moment GR is sitting back more in hope whilst he should be pushing and driving the company forward just like all CEOs are meant to be doing

Would GR have to prove on paper that he was talking to JV for the RNS to be released? I very much doubt it. He only has to state it rather than show proof.

I seriously have my doubts that there was JV queuing out the door as I’m sure there would have been a suitable option. I do believe GR may have had one of his mates sniffing around but that would be it.

Jonny

I think GR may have been telling porkies re the JV partners.

Sure he was meant to have them queuing out the door yet they all disappeared in a week.

Basically we need to shore up Zulu and sell it it’s the only way some will make money others will exit with a less substantial lose

Snowking

I thought this was meant to have been dealt with in November

PREM is and always will be jam tomorrow

There are no deals being dealt with, the same way there was no JV partners when the results came out last time, but what did happen and a number of us said would happen was dilution. Many of us were shouted down for it, but not even 2 weeks later GR came out with his begging bowl.

Everyone is entitled to their opinion on this BB which is why in some cases it’s highly entertaining, but for those investors out there be v careful on who’s advice you follow

Wolf

If the Chinese are smart they will just buy the mine and develop it themselves which they have done throughout the rest of Africa

Plaserman

I’ve been in this share at 3.5p and I have seen the SP drive down through mismanagement and poor decisions

As stated before we have exactly the same assets that we had 5 years ago and we have only seen, over the majority of that time, a constant decrease in SP.

I lost £20k waiting on GR to come good, I like many on this board waited on the golden RNS to land but it never did. This share has been diluted and will further be diluted. When the SP is diluted so is the value of the assets, so to go from 3.5p to .21p can you imagine the dilution to the assets.

The SP in my opinion will only reach a penny at best which is a 500% increase from where we are which is good return but for that to happen an awful lot of things will need to go our way. The Ethiopian issue to be resolved favourably so that the gold can be mined. Zulu, I think we all agree, now needs a JV or even better a straight but out as GR appears not to be able to deliver anything that functions and RHA either to be working or sold.

So that’s my opinion on why it won’t hit 2p, do you want to provide yours as to why you think it will?

This will never hit 2p.

The board has diluted the SP to much. It should take on debt instead of asking the shareholders to constantly satisfy GRs whims.

Look at all the good news that was meant to be coming…the SP didn’t go above .22 because there was NO good news just rehashed RNSs

If you think this will go over or even reach anywhere near 2p you are delusional

Was short lived…so the market also thinks the RNS was a load of nonsense too

Down more than that in the last 5 years

Prem doesn’t have a clear plan, never has.

RHA was meant to found Zulu, I think RHA was operating for a few months before being mothballed (by the way it wasn’t making money) and GR demanded money from the govt or 100% of the mine. That was a few years ago and guess what? We have neither!

Circum has been talked about for 7 years! Any further along? Nope

As stated before we are no closer of getting Zulu working then when we were digging samples out 5 years ago

Prem has no plan, except taking money from shareholders which surprisingly does very well at

Why do you think he cares?

Shareholders have went along with everything he’s did so far so really why wouldn’t he? What’s the shareholders going to do about it beside watch their holding be further diluted.

Steward - everyone believed him trust me. There was much rejoicing on the board and everyone looking for the bounce which never came

No he doesn’t have the capability to do any of those things that’s clearly evident that in 7 years with exactly the same resources he has not managed to shore up Zulu or produce a profitable working mine.

But to believe that getting rid of him is somehow going to boost this SP is ludicrous. As I stated before it’s already happened and the Sp didn’t move when the announcement was made.

PREM is simply a share that has fantastic resources, actually some of the best in the world, but shareholders, chairman and a board who won’t make difficult decisions.
I’ve heard the crap about look at PREM it has no debt, up to an extend that’s true but the SP is sitting at a fifth of a penny. Let’s do JV is another suggestion, GR led us on a merry dance round that one. I can’t remember the company who was meant to do the JV, the equipment was going to be loaned to us, actually I think it was one of their board who was meant to be CEO of PREM when GR stepped aside and sure that didn’t work out. Let’s not go over the JV partners who were queuing out the door when the results came in and what happened? There was no one at the door so GR said we will go it alone. What did the shareholders say? That’s a great idea GR !

And now down the line we, if I read from other shareholders posts, have no money. The mine that is owned by 51% of the government is still not producing (remember that cost the shareholders €20m at least, oh yes that money was meant to be paid back, it wasn’t, well not in a currency anyone can use), Circum which is still no further along.

Shareholders have to take the blame as much as the CEO as if it was any other company he would’ve been voted out a long time ago