Member Info for ProfitBags

Cahus, about 30% left of that 4.5 billion share. I am pretty sure he'll RNS to use the remaining amount sometime this June.

I went to read again last years report, makes for a poor reading as 1 year on a lot of those risks have not been mitigated still. I wonder how GR will spin this one, I am sure with a lot of Mutare and RHA lies.

I am more concerned of the below in terms of having no licence and permits:

"Licencing Risk

The Company's exploration and development activities are dependent upon the grant of appropriate licences, concessions, leases, permits and regulatory consents which may be withdrawn or made subject to limitations or performance criteria. Such licences and permits are as a practical matter subject to the discretion of the applicable Government or Government office. The Group must comply with known standards, existing laws and regulations that may entail greater or lesser costs and delays depending on the nature of the activity to be permitted. The interpretations, amendments to existing laws and regulations, or more stringent enforcement of existing laws and regulations could have a material adverse impact on the Group's results of operations and financial condition. Whilst the Company continually seeks to do everything within its control to ensure that the terms of each licence are met and adhered to, third parties may seek to exploit any technical breaches in licence terms for their own benefit. There is a risk that negotiations with a Government in relation to the grant, renewal or extension of a licence may not result in the grant, renewal or extension taking effect prior to the expiry of the previous licence period, and there can be no assurance of the terms of any extension, renewal, or grant."

PREM's lowest price has been p0.02 I believe. What is the lowest priced placing that PREM has ever done?

I expect an RNS for an EGM by Friday 21st June. I would also like to hear more about the mining licence extension and the export permits. The fact the Zimb government have not yet expedited this paperwork leaves me a bit worried. Technically speaking, PREM's mining licence expired in March.

It's surely better than nothing but an extremely small reward for such a high price paid.

Sounds like June is pretty much out the window then, can't see any catalysts (up or down) on the horizon unless GR calls for an EGM or Canmax comes forward with some update.

Thank you for the info and interesting AI search.

So basically if someone where to purchase those 350 tonnes of SC4, at $450 per tonne, PREM would be looking at a gross profit of just over $150,000. Fairly useless when considering all expenses.

Seems like a 4-8 week timeframe for a full report to come back sounds like the sensible way to approach this. I guess GR wants to conclude the improvement works AND release that report all in July.

"Approximately 350 tons of spodumene concentrate produced over the past weeks has averaged at >4% Li2O and is saleable. Procedurally, each bag must be sampled and tested. A composite sample of all bags must be prepared. Samples must be independently assayed. This is the first shipment of product from Zulu and the process is carefully monitored by both Minerals Marketing Corporation of Zimbabwe and the independent inspectorate."

What's the price per tonne of SC4? What is the potential value of 350 tonnes? Did GR give any indication as timeframes for these bags to be sampled and tested and approved by agencies? Thanks

Canmax can:

- Ask now for payment and get nothing back from PREM

- Ask later for payment and get nothing back from PREM

- Make a low ball offer for Zulu soon

- Wait April 2025 and take Zulu and the plant pretty much for free, leaving shareholders with nothing

I know what i would do if I were Canmax....GR is done, noone believes him, noone believes his lies and timeframes anymore. Plant will take months to be sorted, months that play in favour of Canmax, not PREM. No mining licence, no export licence and why should the Zimb government give us these when PREM has generated nothing since then? Now GR wants us to focus on some mid July deadline, all lies, all smoke and mirrors. I wish i could sell but I'm too far down so got no choice but wait. But with GR at the helm, I have zero faith in a turnaround back to at least p0.40.

Horult is right, T212 is a joke for AIM stocks, transactions in and out can take minutes/hours/days. Only time its quick is during very high volume days. Last time around we didn't even get a chance to vote on the AGM.

Can't say I agree with all SK, but i've been saying something similar. No shipment in April, none in May, 20% chance in June and 50% in July. All this will change also based on when we receive an export licence and have a full shipment plan in place. I expect this to happen by end of June or we're in more trouble. I then somewhat expect first shipment by end of July. May be SC4 with sand and iron in it for all I care, but something needs to be shipped.

However SK, if no shipments and revenue are made and PREM runs out of money, with still no clear indication of first shipment date and technical matters resolved, what will you do if GR calls for an EGM to raise more funds? Will you still vote Yes to more dilution? When is "enough is enough" in your books?

Ray, yeah true, forgot we owe GR £1.6 million. I assume he'll defer that for now unless he gets voted out though. The Zenith one might be more pressing. Jezz, what a mess 🙈

The only thing that can save us lths in the short term is the following sentence:

"The plant is fully optimised, we have an export licence and first shipment of SC4/5/6 going out by end of July...." One can only hope and pray.

I seem to understand he still has 800 million-1 billion shares left as headroom from the 4.5 billion placing he did last month? If that is correct, he should be covered until mid-end of July. If not, then your timeframe is correct.

Been saying for 2 months now, if no production by end of July then an EGM with another 3-5 billion shares will be a must.

Please vote NO this time, we might get GR to step down in order to save the company 🙏

You got a few options:

- Sell at a loss and move on

- Hold in hope for god knows how long (between the RHA debacle and the Zulu run to 1p, 5-6 years passed)

- Keep buying more if you fully believe in the project, in hope that it reverses

- Vote NO at the next meeting where GR will come cap in hand to ask for another 3-5 billion shares (i wager around July-August)

- Wait for either Canmax to make a power play and take over

- Wait for PREM to collapse under its own debt and watch the Chinese pick up Zulu/EPO on pennies

I was right once again about nothing happening in May.....So out of the 4.5 billion shares he raised, how many have been used already? Can't tell if this is the last coin in the coffers.

It's quiet, nothing happening this May, at best we get info on the licencing.

Canmax on the other hand, continues to make big moves across Africa by investing in a lithium processing plant in Nigeria:

"Avatar, a Chinese firm, built the lithium processing plant which produces about 4,000 metric tonnes daily in Nasarawa. Canmax Technologies, another Chinese firm responsible for over 30 percent of global battery material production, announced a new investment of $200 million for another lithium processing plant in the state.

In his remarks, President Tinubu urged the Chinese firms to prioritize environmental protection, community engagement, and corporate social responsibility initiatives as integral parts of their operations and asked them not to leave the community in ruins as they explore high-grade minerals."

Your posts in 2021-22 were fantastic, proper DD. Shame you left for a while but good to see you around again. You are definitely in the "keep it real" bucket.

Good to see you back Romanwolf!

Hahaha that's Acker, i am in my early 40s still, a spring chicken. It's beer o'clock now.

Jokes and gripes aside, i have faith, been having faith for the last 3 years, this will do exceptionally well if the plant can finally do what it is meant to do. But to get to that point, it will be mid-late summer imo (with more funding required). But defo some rusty iron filled SC4-5 will do some good to the SP whenever we ship some.

Anyhow, have a lovely weekend all!

Finally mate, some realism. Thought I was the only one here trying to keep it real. But to the noobs, today is reversal day. Now posts of 1p pop up and RNS of shipment next week 🤣🤣

I make predictions like everyone else, based on ky calculations. Except my predictions are more realistic. Others shout whatever and move their goal post every fortnight. I've been saying the same spiel for well over a month and so far getting it right. GR is easy to read like an open book and sorry to you that can't read between his blurred lines.

But hey, by allmenas do believe in crazy ramping predictions and telegram groups, they certainoy seem to know better.

SK, Biztech is right, he keeps it real unlike you, those consultations cost money. Who is paying for them? You?

Overcome Stark legacy?! In the video he spelled it out: we still have sorters, seperators and the milling to fix and ramp up. You think he'd be talking of pursuing litigation if he believed all issues left behind by Stark were resolved?

Shipment in May? He clearly said "Shipping in May would be ideal for us but I hope in June". Stop lying to people mate, keep it real.

We have zero chance of shipment and revenue this May, about 20% in June and about 50% in July. Your predictions have become terrible, and to think you use to be one of the most reliable posters.....

I've been saying since early April: we have time and funds to end of July for some shipments and/or extra funding, after that we need to worry of further EGMs and raises.