Member Info for raaydaar

Jag, you know full well they can't sell the contaminated product they have no matter what the grade, they don't have an export licence which they allegedly applied for a couple of years ago or more.

I appreciate PREM is a different company right now to when GR was in charge but all the legacy issues remain and immediate funding requirements will be through shareholder dilution. GH will have to call an EGM this week for a headroom increase of around 25 billion to ensure future funding to second float optimisation.

Alert, what is this wider EPO you speak of that PREM have access to? As far as I'm aware no such EPO currently exists. If it doesn't exist how can you claim that its the future for the company?

Mugwump, your cunning plan is flawed as the market would continue to question if the plantvhas even been ordered and the share price would continue to fall. Then there's the small matter of funding to keep paying those rather large monthly dues, until there's clarity on that the price will continue to fall and don't forget that PREM has a history of not doing what they say they will with monies raised so until there's transparency on that then the price will continue to fall and then there's the engineering audit of the plant that PREM have had for months but fail to share despite saying they would, what's in that report that they're hiding, what's wrong with the plant and what will it cost to fix and in what time frame?

ProfitJock, they've barely got the cash to by the float and pay Goddards this month.

They've not got enough to pay February or any further months payments.

Would love to see how you've done the maths to claim they can make those payments.

My daughters year 2 class could tell you they don't have any surplus money post raise and in fact would be significantly in debt if they do what they need to do based on their own published costings.

Any claim otherwise is simply laughable

Acker, I completely agree about time getting away. 2 weeks notice required for EGM, then he'll need to try and get the placing away that might take a week or so of convincing the city boys to part with their cash. It isn't looking particularly good.

Acker as you know PREM are notorious for releasing those bad news RNS after hours on a Friday.

Whilst I don't believe that they are required to RNS paying Goddards or buying the float unit, they really should since they've now raised for it 4 times.

Shareholders deserve some transparency. If there's a big sell off into close we'll know that good news isn't coming.

Maybe Rocket Jock should post some more emojis and beguile us with tales of NT to buy and big orders in the background and his magic charting skills.

ProfitJock, the RNS fees are included in the listing fees that PREM pay, there's no separate charge for a listed entity.

I too expect an RNS detailing confirmation of the float plant purchase and the payment to Goddards. I also want to see a detailed breakdown of the plant audit and a breakdown of expected costs for the rectification works.

I also expect a call for a further EGM requesting 10 to 20 billion more shares in headroom.

The company clearly (by using their own quoted figures) do not have enough cash from the raise to pay for the plant, installation of the plant and $400k to Goddards this month. The shortfall will need to be covered as will ongoing costs such as salaries, contractors bills, general bills and above all $200k per month to Goddards for the next 10 months, all whilst generating ZERO revenue.

The required monies need to come from somewhere and the only potential facility PREM have is further shareholder dilution.

ProfitJock, the company most definitely do not have the money for the January and February payments to Goddards, if as you state they have paid for the additional float unit.

The maths is very simple and I'm sure even you are capable of working it all out.

The company raised approximately $1.2 million after costs.

The float plant cost was $500,000

Plant Operating costs including installation of the float plant $915,500

January Payment to Goddards $400,000

Total required $1,815,500 minus the $1,200,000 raised leaves a deficit of $615,500, that's not including salaries and any contractor payments that become due in the coming weeks.

Acker, ProfitJock has no idea nor does he care about SC6 profits from 2027.

He won't be here by the end of this week let alone the end of the year.

Already down nearly 10% on his trade and still spouting all the usual pump and dump crap, you know the usual phrases such as NT to buy in volume, big orders being filled, very little left on the buy side etc etc.

ProfitJock, your lack of knowledge of the company is very evident. Clearly you're stuck on the wrong side of a pirrly timed trade. The ramping attempts are rather pathetic. Will drop below 0.03 today and further ince GH calls for the EGM and reveals how many more billions of shares he thinks he'll need to keep paying goddards their monthly dues and try to keep the lights on

Acker, GR named Glencore at the very first opportunity, ever since then they've not been named, any confidentiality went out the window long ago. Clearly they do not want their good name directly associated with PREM. As for things stated in interviews, well we all knownjust how truthful they have been in interviews!!

Alert which RNS did they state that in? I cannot remember reading that anywhere. In fact since the announcement of the LOI, Glencore haven't even been mentioned by name. Why is that?

Alert, I'm sure you know full well I didn't sort the samples. GR did however tell you that they sent selected samples off to the other site.

You really ought to do more research into the company you're so vehemently defending and make sure you know what you're talking about. Otherwise you just look like a fool.

Alert that's not exact true now is it, a selected sample of ore was sent off, not a representative sample of ore.

Alert, there's nothing proven about the second float plant on the Zulu ore body.

Matters when the likes of Snowking, a well known manipulator of discussions in telegram groups claims that he and Goozee have doubled their shareholdings this week, something that follows a familiar pattern of behaviour in attempts to manipulate the share price

Snowking, I beg to differ. Whenever a major shareholder in a listed company goes above a notifiable threshold or falls below a notifiable threshold they are legally required to submit a TR1 notification, no matter if they sell to cross that threshold or are diluted.

Goozee failed to do so and is therefore in breach of the market regulations.

Alert,

Goozee sold down his holdings a long time ago. Stopped being a major shareholder and never complied with his obligations to notify the market.

Hasiba, GH was very clear about the timelines foe the secondary float unit during the Q&A following the AGM, he clearly stated that delivery to fort Rixon would take 30 days and they would then require a further 2 to 3 months for installation and testing.

So the timeline is 3 to 4 months from order which takes us to May or June before the second plant is installed and running.

That's 3 to 4 more months without any revenue, 3 to 4 more months of $200k payments to H

Goddards, 3 to 4 more months of salaries and other bills to be paid.

Where's all this cash going to come from?

Acke, so as I pointed out yesterday they've raised approximately $1.25 million.

$400k to pay Goddards and $500k to pay for the float plant leaves them $325k.

You're of the belief that GH is being honest and upfront with shareholders. In the RNS of 10th December stated they would need $1,415,500 for the float plant and operating costs leaving a shortfall going forwards of $590,500 for those operating and I would think installation costs. Then they also need $200k every month as repayment to Goddards, that leaves a February shortfall of $790,500 before any additional expenditure such as salaries and other debts are included.

When do you think he'll make the call fornthe next EGM and how much headroom do you think he'll be asking for to give him some capacity to raise in the future?