Member Info for Phillip1976

Yea I’ll go in

So Newco is dead and buried? I should pay more attention to this share but since I’m about £40k down it doesn’t really interest me, I’ve wrote the money off as I’ll never see it again. A warning to new investors, look at the promises that have been made by the board and see if ONE has been delivered before investing your money. Yes the assests are there, but they have been there 4 years ago. Nothing has changed. At this prices it’s a traders dream. As for LTH this is nothing shy of a disaster, but then we are used to them by now.

This is dilution is madness! For the money that was required we should have seeked a loan. To dilute further is mismanagement. Allegedly the government is wanting to put millions into PREM and according to GR, if he is to be believed, that is just round the corner (also like the sale of Circum which I’ve been waiting 4 or 5 years for now). Why is there a sudden rush or panic for the drilling to recommence? The company have done nothing for the last year (besides withdraw hefty salaries) so what’s another 6 months? Where do we now stand with Newco now KMC is taken 400000 shares, how will this work out when the deal is finally completed (the deal that was meant to be done in November) How some NEW shareholders shout down LTH who have been here years is beyond me. Me, like others have seen this share mismanaged for the last number of years and seen our investment wiped out by near 92%. We as LTH have a right to question the board and warn other shareholders about investing in this share, it is not deramping or bashing its being HONEST. But back to my original point, to add this many shares at this price is madness when a loan would have sufficed and kept the SP at a reasonable price. To move off this placing price is going to take some mega buys to get it moving. GR continues to disappoint and tbh should’ve been forced out long ago. With the birth of Newco we were meant to finally see the back of him, but like even on that GR fails to deliver

I’ll be rejecting it

A 10m sell?? Poor share holder must’ve taken a fair hit on that. No belief in the company from the shareholders and no news from the board only allows to think they are drawing their wages until this is wound up in the very near future. Newco was meant to be near completed by now, we are still waiting on news on how this is going to work out. We now have a new record low of .085....things are not looking good no matter how you look at this. Assists can only be spoken about so long, they finally have to be realised at some stage. In our case I think it will be another company doing it

We already have a preapproved loan facility, I believe it is £250k. Use that whilst stopping money being drawn by the board until Newco is set up or SP rises or RHA is signed off. I don’t see Circum being sold this year though it was stated in previous RNS that Morgan Stanley would have this resolves by Jan 19 (yes that’s how long ago the RNS re that was....at least 18 months ago)

None of these options is beneficial to the shareholders. We will see our holding diminish even further. It is time that we take on some debt, this may be a short term option until we get ownership sorted and Newco launched (when I say short term, I mean 2 years). If we can believe anything from GR we have to believe that Circum should be sold off this year therefore providing us with equity. This issue re ownership needs to be resolved immediately. This has been dragging on for a year now. Yes elections have came and gone, but it should’ve been pushed before that. RHA should never have been mothballed. This left us with no income at all. The share has lost near 50% of its value with 10 days....someone has to take responsibility for this mess. The shareholder group is not providing any information either so I see no use in it

Again at the RNS explaining Newco. It really is a shambles of a deal but we have no option unfortunately. KME getting 20% of Newco new shares means that every shareholder will be going in at a loss of 20%, sorry that should state further loss. Then a further £6m will need to be found with through dilution or load or someone with very large pockets. Now the thing is that GR has said this will be done before it moves from PREM to Newco. I know I’ve became very cynical but with Circum being sold in Q1 I’m worried that the money that should be going to the shareholders from that sale will be used to finance this monies before a dividend being handed to us shareholders. In short we will get to see very little of the Circum sale. Food for thought....not that these new record lows aren’t doing that already but still

Zulu is still to be developed and we have issues with cash flow. If we have money coming in then there’s much less chance of further dilution, hence the importance of RHA. Zulu is still a bit away from making us money and we are still looking at confirming what we have. To be honest I wasn’t dancing with joy when I saw the latest findings. At least with KME, it shouldn’t cost anything further thankfully (Zulu I mean) But as a poster said earlier, we are now seeing progress. I take the AGM will be held in Switzerland again like so many before when there has been awkward questions to be answered

What percentage does the board need to push through the deal?? Do the board hold enough shares to pass the deal without consulting us minor shareholders??? We don’t have any other options, so I realise it will be passed, just interested. I still believe we need RHA ownership sorted as this will not only give us some sort of income but we need it to add to the share price

I wish we could but we can’t. The govt owns the majority of it, so they have to sign it over before we can move forward. In relation to Newco, I agree that the deal shouldn’t have been announced until RHA was signed off, but (call my cyclical) I think the board was hoping for a bounce so they could rise further funds to take us into the new year. We are now in December and now we know we have no money left. We are 10% above our new RECORD low and whilst we have a plan, we don’t have the rights to be able to move forward with it. The company as it stands is in a mess, no one can disagree with that. We need the ownership resolved to move forward with the plan, but at the moment I don’t even see anything positive about that either. The results in Zulu whilst being good, were not what we expected. The company has receded in the last 12 months and let’s hope this matter of ownership gets resolved ASAP as all we will have will be a lot of shares worth nothing.

He shouldn’t need to be told to update the shareholders! He should know we are awaiting some sort of news. As stated previously, we should be going through the courts or was that just a bluff, well the government is playing GR like a guitar! We are running out of money that’s a fact. For some reason I think we will know one way or the other by the 28th. If it hasn’t been signed off, you do what every other business does and buy the signature. I expect that’s what’s needed

Because we have been waiting 11 months for movement on RHA and then a month ago we were told sign off was due. So the initial 48 hours has turned into 6 weeks. It shows that we are actually dealing with a Mickey Mouse company and board. When I invested in GR people were praising him about his knowledge in this sector. I can honestly say that we have the most inept CEO and board. If any group wants to do something then send me your email and you can have my 6m shares to add to your number. This is now beyond a joke

No interest in this share until ownership of RHA is resolved. Even us shareholders have lost interest and don’t have any faith in GR, the board or the share. Disappointing times. This was the year that was meant to be the making of the company and let’s face it, it really couldn’t have been any worse. We have seen a gradual slide off the SP and a new low. The 52 week high won’t look to good next wee either Im banking on circum sell off at the beginning of Q1.

We were expecting news, oh and didn’t we get it! He has mislead the market by saying 48 hours, this is nearly a month later if not a month! My issue is, that if he can’t guarantee it, then it shouldn’t have been said. The company could’ve said that the government has asked for further time in relation to sign off. Don’t give the market a time frame and fail to deliver on it. The continued incompetence of the board and misinformation has become the norm and is no less fustrating. The deal which is being mooted shouldn’t have been released until sign off was signed sealed and delivered. We are now in limbo. We need this signed off for the new deal to be approved and the longer this drags on the more chance of things going wrong. I am staggered by the lack of communication there has been since the failure of sign off and the deal for Newco being announced and I’m very concerned by this

Unfortunately this a reoccurring theme with PREM. The shareholders and market have run out of patience, hence the low SP. If GR couldn’t gurantee that sign off would’ve happened in 48 hours then he shouldn’t have mentioned it. The RNS has mislead the market

Sorry I haven’t seen are RNS saying that PREM are now going to court over ownership. Once that news becomes official this will end up sub .1. Such a sad end for a share with such potential. These will need to be put in a drawer and forgot about until Circum sale then

And we still have no sign off for RHA. We are 50% down on the SP since then. I think GR should follow through with his promise if legal action now. This has been dragging on long enough. He was quick enough to moth ball RHA at the beginning of the year, it would nice for him to follow through on something that he has promised his shareholders. This year, like last year, we have seen no value being returned to us shareholders. We were promised more information on Newco, but near 2 weeks later we are still awaiting news. RHA ownership is imperative to Newco and we need clarity on this ASAP. Some information on Circum and it’s sell off needs to be provided to the market.

Also on Circum, say we do sell our share in it and we get approximately £6m (might as well err on the side of caution) how much per share would the dividend be worth?

Do you think the value of RHA is zero? So when we get news of the sign off you’re expecting to see the SP move from today’s SP to around .35ish ? (I’ve taken in further dilution after the closure of RHA) Basically you’re are saying are SP, currently, only has Circum and Zulu ties into the price?