Member Info for Phillip1976

Why do people think when GR goes it’ll boost the SP…look through previous RNSs and he said he would stand aside and the SP didn’t move

The potential isn’t the issue, it never has. The issue is that PREM is still in the same situation it was 5 years ago even through a number of substantial share issues.

GR needs to decide wether to sell the assets to someone who can actually mine, or speed up the whole operation.

So you can quote all the figures you want, but nothing has happened in this share in 7 years except massive dilution without any end result.

He was meant to step down a few years ago and never did. The theory was then that even that announcement would boost the SP 10% it didn’t

That rise didn’t last long

And if the results are poor?

Seems to be a great belief that come the end of the year that this is going to be massive but from what I’ve seen and read there’s no hint of that timeframe.

Can someone lay something more accurate than just timescales being thrown out?

At last someone has actually got a prediction right on this board

Predication might have been off a week by the looks of things

This share is definitely a year away from doing anything significant and showing any major returns. Just looks like we will have to sit tight, take the spiral and look for some good news in the Q4

Within a couple of weeks we have seen this share slide from 28 down to what we see. Where’s the expected bounce after the share offer, which we are now trading below. How shareholders can be happy to see just over a 40% slide I’m surprised there isn’t a stronger voice questioning the motive of the board

You can buy plenty now

SP is obviously reacting to the lack of support in the US

In the last hour…that doesn’t bode well for tomorrow

Must’ve missed the RNS

Has the new shares not been added yet?

No need for this RNS to be released this morning. This could’ve been delivered yesterday and would explain why the court was suspended the day before.

Someone has made a few quid out of trading this

Sorry new to this share and having a look at it...what brought the drastic fall?

That’s my final stake in Prem sold, I took a £12k hit on that one. So over the 6-7 years I’ve been here I’ve had over a £20k loss.

In those years absolutely nothing has changed in Prem and I mean nothing. Prem has held the same assets as it did then as it did now. Zulu we had, the EPO, just gave us more rights, RHA we had, wasn’t producing, $20m later and the promise of the money back which still hasn’t arrived, not producing, Circum shares, we’ve purchased more at the cost to the shareholder, and we are no further along with the development of that as we were then.

Admittedly we didn’t have MNH, the mine that was meant to cover the development of Zulu, anyone remember that RNS when he ask for permission for more shares? That has provided nothing

The limestone and tree farming company that we bought for less than $1m which we sold at a loss.

GR saying he was going to resign but he didn’t, the dreaded years of Darwin and further dilution, well it’s being a ride and very little of it good. I reckon 99% bad 1% good.

Please don’t see this parting shot as deramping, no need as this SP is going to plummet on the dilution, no need for me to drag it down but as a warning. Shareholders give no credence to those on the board they are no better than soothsayers.

Good luck to those who still hold from all those years back, I’ll keep an eye out and hopefully you make your money back

Johnny the SP in only 7 weeks or so is down from a high of .42 to this .16 and it is only going to go further down when further dilution happens.

There are many reasons for the pessimism, the SP crashing again for the umpteenth time, the lack of communication, the constant dilution, the failure to driver, further unnecessary purchases which have delivered zero value to the SP and the CEO who stated a couple of years ago that he would stand down, to find that he is shareholders will continue to fund his lifestyle

Personally I think he’s going to sell Zulu before development

He’s issuing the new shares to pay for his lifestyle over the next 2 years, once Zulus worth has been confirmed he’ll sell it and wrap up Prem

So how do we vote today?

The interview, in opinion, was a car crash. What I heard was there’s going to be further dilution through this process and this is going to be the start of it. There was no clarity in relation to a JV, just more ambiguity.

GR states that there were be value as the drilling continues. From the high of the EPO agreement being announced, which I believe was around the .49 mark, we have seen a massive decrease in value, basically we have lost 2/3 of the value of the company. If he wanted to dilute and knew he wanted to dilute why wasn’t it done when the SP was sitting in high .20 to low .32?

GR was given the chance to lay out a plan, a concise plan, he didn’t. He stated that it will take $5.1m to do what needs to be done. When mining is concerned , we know this will increase.

I cashed in half my holding when it was in the 30s and left the other half in. I lost £10k out of that £20k investment and while hesitant at the time, I’m relieved I have as this SP isn’t moving back into the .4s for 16 months

Shambles of a CEO