Member Info for Phillip1976

Eddie666 can I ask how long you’ve been here? I’m now in my 5th year and as you can see I don’t post to often, but you’re talking about holding the board to account? I don’t know about Napoms group, but as far as I know we have since very little interaction from the board with us shareholders. Yes there is the odd email shared but nothing more. Smilemore, though a ramper initially has taken it on board to communicate with the Board, if he and others here choose to do so, why does it bother you. He no longer ramps the share so leave it be

We are back at each other’s throats it’s been a while. Let’s get away from the name calling and see who is the best and let’s stick to the facts, something this board has always struggled to do. Now Let’s not gloss over the fact the GR has made another mistake, but on the upside those shares are being taken off the market. It was suicide at that price anyway. If the £6m is close I think this is good news, pity he did it in the first place when the SP was about .13. The money should give us the much needed cash to develop Zulu, I expect with KME help, though this time they’ll be taking cash instead of shares!

Setting deadlines isn’t going to work for GR and it only lets shareholders done when these aren’t fulfilled and rocks the market. Confidence is how this market works and we have none. As I said small steps need to be made. The KME deal was a fiasco and came out of left field, same as the Honeybadger deal and the renaming/breaking up of the company. What we need is a clear indication of what the BoD is thinking and do they actually have a plan? A bit of clarity is needed. Say when the £6m does arrive what will it be spent on. I know he has touched on it but we would like to know exactly what. As shareholders I don’t think that’s an unreasonable request. Also is the £6m an investment in RHA or part of the £20m that the Govt owes Prem? If RHA does begin to produce what are we expecting p/m. I understand that he has spoken about a different shaft, how long will that take and how much? Remember 18 months ago Prem was diluted to further fund RHA for the foreseeable and it was mothballed. Where did this money go?? KME, as stated, where is the £400k? There has been too much needless dilution of the company, through deals with Darwin, purchases of TCT, which was meant to give shareholder value and didn’t, further purchases of Circum, meant to give shareholder value and didn’t and also the purchase of ARC shareholders, see above. I agree that GR has to go and he has spoken on several occasions about stepping down and has failed to do so, can it be asked why? An EGM should’ve been called 2 years ago, I think it is to late tbh. This share, to LTH, is worth buttons and it is only ourselves to blame as we should’ve took GR to task long before now

Is the £6m expected? Clarification on that is key as we are then in a set time frame. The govt is expecting production and shipping within 100 days, so basically 4 months, will the BoD be able to deliver this? We have seen that the bird cannot even complete our accounts on time so we can only hope they will be able to deliver this. If they fail to deliver, what are the penalties? Personally I think we will have news on the money in the next fortnight as this will make shipping by October. We need to be taking one step at a time and the first step is RHA. Once production on that has begun then we can focus on Zulu. As for Circum, the deal to purchase more shares has sent this share tumbling and we have never recovered. This really is the jam tomorrow in this share. We have been waiting years for this to be sold publicly but we are no further along.

I read the article and it clearly states that Metro made money from the deal. Let’s hope this is only a temporary dip before a strong finish over the coming month

If buys today as yesterday after the bell

Great email thought I’ll be surprised if he answered those questions. The simple reason being, he hasn’t a clue and he can’t really let on he’s been milking this share for everything

Whilst it’s giod to focus on GR becoming more accountable we really should be looking at the SP. We are 4 weeks away from our 52 week high which is .0275. This goes to show that in a year that this share is no further forward than it was last year. Yes we have $6m coming our way, when it arrives no one knows. Will this cause the accounts to be filed late and the share suspended for the third year in a row? Whilst I agree that we need better communication with the board, as I’ve stated, no share sensitive information will be divulged, this is what RNS are for. In my opinion we need to canvas shareholders and clarify what we want and how we want the board to proceed with the share.

About .4 If he hadn’t diluted the company for that £400k which is now doing nothing we would have seen a return to .6 easily

So none the wiser then. I don’t see how he can post this board as he’s set out his own timelines and missed them. He even admits it on the podcast at the beginning of May. Yes we have to wait on Circum but that’s what I’ve stared previously, they expected that to be sold in January of this year and if we have no say he shouldn’t have used shareholders money to buy more!

good luck in what you’re trying to do, but it has been tried before and GR didn’t take notice. This company has always been poor in communicating with shareholders and poorly worded RNS. I believe there’s an RNS somewhere saying that they would try to improve communication. I reckon about 3 years ago, as you see, nothing has changed. I know you don’t like hearing this type of stuff but as I’ve said before I’ve been here years, so I have a fair insight in how this company works. Funny I watched the most recent proactive investor with GR and I do believe this 6m, when it finally arrives, will solve some short term issues such as drilling etc and will I turn boost the SP. The worrying thing is that he has further diluted the SP for something that isn’t going to happen, the KME deal. Questions about this need to be asked and clarity sought in where this £400k is and what’s it going to be used for?

On GRs part. This company is in a mess. We have seen dilution for the sake of it. We have been given certain reasons for dilution and basically it’s been lies. This is just a waterhole for GR now. When he wants some cash he comes up with a cock and bull story about drilling/buying/re naming the company, issuing more shares and delivering nothing. I think it’s time to stop further share issues until what he has promised be delivered as he should have the money. GR incompetence has reached new heights. As for Circum they’ve been talking about it for 4 years. Smilemore I never answered your question re Circum. JP Morgan was appointed re Circum over 2 years ago and it was expected to take 18 months for it to be ready for the market, hence Jan this year at the latest. It’s in one of our many disappointing RNS

Please give this ‘getting nearer’ stuff a break. We are also a day closer to death if you want to go down those lines. We have been waiting on these same things for years. Even if these things do come to fruition will it see this share jump to 3p which some LTH bought at? Will it go to 2p where other LTHs are at? GR is a serious issue to the health of this share. I have seen enough false dawns that I could write a book on. So please stop with ‘it’s getting nearer’ as it has been delivered in 4 years. Also if we could stop, ‘I wouldn’t want to be out of this share’ crap too. Posters are misleading people over the Circum sell off too. It was meant to happen no later than Jan off this year and we are not in control of this, so posting messages about that being ‘soon’ is very misleading

6 million coming our way and the SP doesn’t move. The market is dictated on confidence and results and unfortunately for us this share has neither. On news like this we should’ve have seen a surge well beyond the .14 it reached earlier before slipping back, so what are the reasons? I’ll leave that question to be answered by people who believe they know more about this share than us LTH who are continually shouted down for posting facts. The simple fact is that this share had the same assets 5 years ago, definitely not as well developed I agree, but exactly the same assets. The SP was 3.5p then. I’ll leave you with that thought before the childish squabbling begins.

Well do you think debt is better than dilution? As a v LTH I’d prefer to see debt rather than my investment be diluted further, I’m sure many other LTH would agree. It’s time the company takes on responsibility for its liabilities

So we diluted the company even further NOT to purchase KME and Honeybadger. So all this additional shares are going to be bought back by the board I assume?? (And yes I am taking the ****) I have seen continuous poor decision making but this is the icing on the cake. Severe dilution for simply nothing. Other shareholders may now understand why LTH hate (no this is not harsh) GR

Brilliant news at last, now the shares that were issued being sold off. We will not see the positives in this for a couple of weeks but fingers for another positive piece of news to get us over .2

Let who have their say??!! The LTH who have seen over 90% losses in their investment? I think we have a right to voice our concerns. You are not the first poster to come on to this board and tell people that PREM is a sleeping giant and there is serious money to be made, unfortunately me like other shareholders are still waiting for this golden egg to be laid. I think I can speak for a lot of the LTH when I say I hope you’re right, but going on this shares past history, I won’t be holding my breath. My word of warning for those who are looking to invest in this share is this, wait. Wait for a string of good news before jumping, yes you may miss a raise of 30% but you also won’t miss the fall. There hasn’t been a rise in this share over the last 3 years that has not been met with a placing within a couple of days. If you don’t believe me, look at the RNS’s. I’m not bashing this share, no one wants it more than me to rise, but take my honest opinion, be patient and monitor it before jumping in. Don’t follow the sage advice of those who state that, ‘they are in the know’ and give timelines as this company has failed to adhere to any so far. Just look at the shambles of RHA, the mine has been lying dormant for over a year now. Yes people can blame the government, or us shareholders can blame who really is at fault, which is GR and the board.

Good to see us shareholders still have a sense of humour. Whoever did has put a lot effort into it lol. We need this person who made it up on the board ASAP!

Yea my post from Saturday was removed for whatever reason. Maybe I was talking some sense and pointing out the issues with this share. If needs be I’ll point them out again. The abbreviated version is GR has had the same assests for the last 4 years and has failed to deliver on any of them. This isn’t bashing the share, it’s just the fact. I have seen this share from 3.5p to its current level. The decision making has been nothing short of appalling and provided no value to any share holder. I believe it is time to take on debt instead of continuous dilution at these levels. I’ve been here through Darwin, (3 times) and I’ve saw the damage it has done to this share. I’ve seen the purchase of needless assets (TCT) and saw these sold at a loss. Simply the decision making of the board has been criminal. I do hope LTH can recoup some of their losses but I’m sure, like me they are substantial. The days of aiming for 5p has gone and now we are looking at .5. What a shambles of a company