Member Info for Progress101

GR don't take this **** out of us and come clean about who these Unpaid / Underpaid people are? We have invested our hard earned money in you and your company and kept the faith!

Aimisaluagh

Surely GR isn't implying that HE hasn't paid himself?? How has he funded his lifestyle?

On reflection, I think this subject really needs to be smoked out of GR/BOD!!

We don't want to be travelling a smooth clear path to profitability only to find "land mines" of share dilution to be placed along the way!

Nasty suprises will dent GR's already tarnished record of SP mismanagement followed by possible negative market reaction ??

Michael

Hi Dykee

I am happy that you asked this critical question and thank you for reporting back to this board.

What perplexes me is the subject of how many "unpaid" people has PREM accumulated?

Michael

If I was able to attend the meeting, I would want to know if GR is planning future share grabs!!

Acker
I don’t think El Gelboy is being helpful here and doesn’t seem to have anything useful to say!
Whatever strategy GR and the bod implement, my gut feeling is that the speed of commercial exploration will be uppermost and with a high degree of self funding / cheap or free debt employing take off agreements where suitable!
Michael

https://oilprice.com/Energy/Energy-General/Natural-Gas-Prices-To-Rally-As-G7-Changes-Its-Tune-On-LNG-Investment.html

Thanks Snow king

I agree with all your points on PREM. To have this % lithium and an extra 1000 tonnes of production boosts the financials significantly! I agree that the SP will follow. I just think that the market has for too long been given the GR Jam tomorrow treatment in place of solid information but I think market sentiment is thawing out and with further regular positive updates, the SP will catch up.

Michael

What I don't understand is how much money is available for new acquisitions??

Is this coming out of the $34M........?

Thank you Happy Hols for an excellent summary of the latest developments!

What I want to know is why are GR/PREM looking to make aquisitions when the EPO hasn't been reasonably explored?

I understand the desire for cash generative assets but surely the pilot mine will be the star of the show in this regard?

Michael

Does anybody know what the split of the $34M is for pilot mine / acquisitions?

Hi Bick

Is that 50% off-take agreement ad infinitum?

Michael

Roman

Why didn't PREM outline how much discount on the Spod is involved with this deal? If there is so much monthly tonnage of lithium coming out of the ground, a bank loan could be way more efficient than this latest deal with more relaxed terms i.e no chance of losing Zulu!

Michael

Hi Steward

thanks for your insights. I picked up on your phrase :-

" Could GR make such a mess that he loses an asset to Suzhou that's potentially worth billions for the sake of a $36m loan?"

Has anyone thought that GR knows more about the EPO than he has disclosed? Has GR apportioned some of the £36M to further explore what he knows the EPO contains? How much money has GR siphoned off other projects like MNH to explore the EPO? Maybe the EPO contains a humungous gold deposit? As we know, Gold is more valuable than lithium on a kilo for kilo basis! I know others on the BB might accuse me of conspiracy theories but I just saw a different angle to what's going on. I am still very focussed on Zulu as this seems the quickest route to cash generation.

Michael

Hi Folks

Does anybody else think that it is GR's intention to use the pilot mine NOT ONLY to pay back the loan to Suzhou but to use the spod to raise another "interest free' loan to fund the full mine? I know that £250M has been touted as the set up costs so I'm not sure how the financials would work?

Michael

There are a number of outstanding RNS's including assay results and RUS etc but if the amortised daily SP increases amount to f5% over the next month or two I will be very happy!

Michael

This is fantastic news!

Michael

over and out

Thanks for explaining.

M

Over and out

Who the hell are you to trash everybody who has posted here over the last 12 months? Are you GR?

M

Chuck1971

I hear what you say, and I am cautiously optimistic moving forward but the BOD / GR have to deliver now for the sake of the greater shareholders / SP.

I don't think they have joined up thinking when it comes to Comms / SP and these news droughts and flimsy RNS's don't give the market the confidence it needs. I understand the concept of "under promise and over deliver" but the lack of tangible results makes people nervous!

Until the market is given a clearer picture of the resources here, people like us become speculators not investors! PREM please give us what we need / deserve!!

Michael