Member Info for raaydaar

Romanby, I know my itinerary for the week. Just got back from the theatre and post show drinks.

Romanby, I said my entertainment lies PARTIALLY here, off to the theatre tomorrow to see Book of Mormon for the third time, it's hilarious, if you haven't seen it then I'd highly recommend it, football midweek, both playing and watching alongside work then a trip to Krakow on Thursday for a conference on Friday before a flight home Friday night, all of which amongst time with the wife an kids. My entertainment here is simply just randomly picking up my phone and reading the delusional posts of the premmings and providing some factual contrary evidence or opinion

Romanby, I have both a life and a job, my entertainment lies partially here in this forum pointing out the absolute rubbish you and the other Premmings post after you've dreamt up some bizarre totally improbable scenario.

I'm here until 22:00 Sunday then I've got a nightshift separating and sequencing aircraft, after that I'll be back here Monday morning 0700 awaiting the RNS for the placing to pay for the secondary float unit in cash and not "on tick"

Romanby, I'm well aware of what "on tick" means and I also understand what GH said in the Q&A.

This is the major problem with the apremmings, you keep making up scenarios in your heads that you convince yourselves to be true rather than accept the facts presented to you

Anglebox, wonder no more, that's not happening. GH clearly stated in the EGM Q&A that PREM would be paying for it

Alert, if the longstop date has been extended then that would be part of a new offtake agreement which would require an RNS. Since there's been no RNS then the longstop date remains at 31st December

Sol, how's that long term investment going for you?

This is a public board where anyone with an opinion can post that opinion and discuss what others have said. There's no requirement to be a shareholder, past, present or future.

So far the less than positive opinions have proven to have more validity than those of "long term holders" who claim to know about the company.

The biggest ramper of them all Snowking didn't even know that PREM dont actually own RHA.Can you really value the opinion of someone that doesn't know what they're talking about?

Snowking, you misheard, he said he wouldn't use the full 5 billion immediately.

The breakdown of required funds was part of the EGM announcement RNS. I imagine that those numbers have increased significantly now that they've had the audit done and a report in its current form (whatever that means) to tell them exactly what's wrong with the plant and needs fixing.

God lives a trier Snowking, I'll say it again, the price of Spod yesterday, today, tomorrow or a week next Tuesday makes absolutely no difference to PREM share price. You cannot sell what you cannot produce.

Who in Zkmbabwe wants to buy bags of SC4 or less? They can't sell it outside of Zim without an export licence.

I'm surprised GH hasn't announced the placing this morning, SP going to slide now as the market knows it's coming and soon.

Sol, I expect an steady drop in SP ahead of the now known upcoming discounted raise and shareholder dilution of up to 5 billion shares pr around d 80% dilution. That's not a good number and factoring in the inevitable discounted raise price then I can foresee a drop sub 0.05p once the placing is completed, followed by a further drop once GH announces the next EGM for further working capital headroom.

Snowking, it's not his to sell. PREM are the minority stakeholders in RHA

Snowking,

1. Canmax on board. Are they really? At what cost? Longstop date remains 31st December

2. 4 months to POSSIBLY getting the plant working

3. Only if it produces and at capacity

4. Irrelevant to PREM right now as not producing anything

5. Pure guesswork without basis in fact.

6. Nothing going to happen at RHA, PREM have neither the money nor the NIEFF money to get it out of care and maintenance

PREM lives to fight but for how long, placing won't be at 0.08, will be closer to 0.05 and he'll have enough to use the full 5 billion despite what he said in the Q&A, anything less would be madness given the fact they've zero cash right now, a float plant to pay for, 3 million in bills to pay and OPEX of 2 million to cover phase 5. Where's all the extra money they need coming from? I'll tell you, it's coming from further shareholder dilution at the next EGM which will be called within the next 3 to 4 weeks and I expect he'll want another 10 to 15 billion more headroom for costs gojng forward and a contingency

Resolutions passed, will take approx 4 months from payment to full commissioning of the secondary float plant.

Cash raised from 5 billion shares won't be anywhere close to what they'll need for opex and Bill payments over the next 4 months. He talked of selling the low grade stuff they've got lying around but since they've not got an export licence not sure who they'll be able to sell it to.

All in all, nothings changed, they've still got no cash, can't raise enough and no sign of production until the end of Q1 2026 at the very earliest

Sol hes going to be able to raise just over 2 million after costs, the notice of GM gave a breakdown of the costs and the plant costs including the purchase of the Secondary float plant were about 2 million (if I recall correctly), so that's all the money gone. How's he going to pay the operating costs, staff etc which were also around 2 million or the debts which were near 3 million?

All well and good having shiny new kit on site but if you can't afford to turn it on its just a folly.

He'll have to call for yet another EGM for another 15 billion shares. Will he get the support? The imminent raise (if he gets the 5 billion today) will be around 0.05, I can see the SP dropping back to the 0.01p area if he goes for another 10 or 15 billion shares then he'll have to do another consolidation.

LTH have had the value of their investment decimated. Anyone buying now will see the value of their investment decimated too.

GH reputation will remain intact, he'll retire and when asked in the future he can say "I did my best but the plant was beyond saving"

Plasmerman. He's basically telling you that a the first thing he's going to do with the money from the raise tomorrow will be spent on the secondary flotation plant. Won't have enough left after that to pay the bills, staff or have any ongoing working capital

Lesson learned Jono, you had your chance to not buy when you did if you'd listened to those of us with a negative viewpoint, had your chance to sell up at a small loss if you'd listened to us with a negative viewpoint. Unfortunately you chose to believe the Snowkings of the world and thought this was a wise investment.

Thankfully you've countered the losses with your RR investment so it's only RR profits you've lost here and are still in a profit situation with the portfolio.

I've not heard that the meeting has once again been postponed but if it is then surely they need to ask for a suspension as this will be decimated with that news. 3 weeks of talks with Canmax and still nothing positive says PREM is done for.

Because the audit has revealed that there's a whole load more wrong with the plant than they suspected and it's going to need a lot more than a second flotation plant to sort it out, more importantly it's going to need a lot more than the 6 million he said he'll need.

Anyone with half a brain can see that Zulu will most likely never get into production whilst under PREM management, it's been obvious for months if not years with GR obviously lying to shareholders. Lies that were pointed out by myself and other users, but the believers just didn't believe or even consider what was being said. Now they find themselves in a position whereby they're likely to lose everything.

Some still won't listen and will add to their truckloads of shares in the vain misguided hope all will come good. Others will realise the mistake they've made and cut their losses, some will just accept defeat and be wiped out with a harsh lesson learned. The savvy would never have bought here and will take solace in the fact they listened to those of us with knowledge and understanding of the company and knew exactly what was going to happen.

Sol, the secondary float plant won't be arriving on site any time soon. Assuming the GM isn't postponed, he won't be able to raise enough cash.

Acker, I agree, the expense of any potential legal action would be massive and who would it be against? If the company does go under, as I think it will and fairly soon, Zulu would pretty much all go to Canmax, the remaining assets would be sold off for next to nothing to pay the other debts, shareholders will be left with nothing. Action against GR wouldn't be possible. If I were looking to get some shareholder redress I'd be asking the FCA to investigate the company. If the shareholder group that are considering action is large enough then the FCA would have no choice but to look into the company if they receive a large volume of complaints

You keep telling yourself that Hasiba and when you end up losing all your investment here you can only blame yourself for inventing these idealistic scenarios that have no basis in reality.