Member Info for raaydaar

Carol's, I am indeed bright enough as I'm sure you are too to see the sarcasm in mine

Aimhigherstill,

GR may well step down as CEO but he will be staying on with the company claiming a salary and or fees of some description. There's no way in this world that he will walk away. Perhaps a NED role or "special advisor" but more likely he'll be retained to take over the restructured part of the company that will contain RHA

Carlos, I don't believe Jaglith or anyone here has offered financial advice on PREM, just their opinions based in experience and knowledge.

Perhaps you could challenge Snowking on why the SP has risen massively as he had claimed?

You choose your entry and exit points in a share and you shouldn't take what's said here as financial advice. Perhaps you should as your financial advisor if they think PREM is worthy of an investment. See what they think.

Shipit, the shares available to issue to Canmax exist and are held in treasury, they will be consolidated 1:10 along with every issued share when the consolidation happens. The Canmax treasury shares cannot be used for any other purpose other than to pay Canmax in lieu of interest or capital debt repayment at their request

Aimhigherstill, PREM DO NOT HAVE AN̈ EXPORT PERMIT. Never have had one

Aimhighherstill, PREM do not have an export licence

Hasiba, what regulatory requirements are these that you speak of that require a consolidation to take place. Certainly not the AIM listing rules, there's no limit I those regulations to the number of shares a company can issue.

From an administrative perspective it makes sense to consolidate as should the unconsolidated price drop below 0.01p then the company wouldn't be able to issue any further shares, therefore knowing that they will need further massive dilution going forwards in order to raise working capital then it makes sense to consolidate and megate the risk of a drop below 0.01p which is what is happening here. Consolidation in this case is not a good thing as they expect the price to drop significantly in the future and will artificially inflate the share price through the consolidation.

Coldsteel, the consolidation and EGM are coming, it was the only way the auditors would sign off PREM as a going concern. Consolidation has to happen before 6th September therefore this week or next and the EGM to be called post consolidation.

From the annual report:

"Following completion of the agreed share consolidation at Premier's Annual General Meeting, a Special General Meeting will be called to increase the number of shares free from pre-emptive rights by such number of shares required to cover the Group overheads"

Hasiba are you really so naïve to believe that he was actually going to buy 1 billion shares? Don't tell me you bought more this morning hoping it would go up because someone said on here they were buying a billion shares.

Not even Jimbo the ex trader and analyst has been able to ramp this enough to get himself back onside.

Jimbo, Acker has forgotten more about PREM than you will ever know, his posts are always carefully constructed based on the facts and an understanding of the company and GR in particular. That interview tells you more about the state of the plant with what they didn't say, as do the latest RNS releases.

There's much more work needed to be done on the plant, work that will cost a lot of money,PREM isn't generating any revenue so where will the money come from? The latest raise doesn't make a dent in what's needed for the fixes, operational costs and more importantly the rather large debts the company has accrued and continues to accrue.

You challenged Acker in an earlier post about there not being an EGM, basic research in the company will show you that GR has openly stated in an RNS that post consolidation there will be an EGM to ask for further headroom. Surely an ex city trader and analyst is capable of verifying something they claim before posting in public and making themselves look very very foolish.

Clearly now struggling with his trade following his poor analysis and research into the company

The desperation in his posts is becoming ever clearer and now he tells us that his "contact" at the FCA will be informed about posts on a bulletin board because he doesn't like them. Clearly wasn't cut out to be a trader and I'd love to be a fly on the wall and see the smile on the FCA contacts face when he laughs Jimbo all the way back to his big portfolio.

Grow a set Jimbo, accept you've made a bad decision, the ramps haven't worked and you're now locked in with the rest of the Premmings

No amount of crying or complaining will change the fact that PREM is a terrible investment right now and things will get a while lot worse for shareholders, with another 100% or more dilution on the cards, before or even IF they get better.

ProfitJock, not sure what numbers you're looking at but those large trades today are all sells, those sticky hands that Snowkjng was mentioning are offloading onto the mug punters like yourself who cannot see the woods for the trees. By my count that's about half of the 6 billion dumped ahead of the consolidation and EGM call for another 10 to 15 billion more headroom. They've only got 9 trading days left to sort out the consolidation. I expect that the RNS will be released after hours on Friday next week to give the placees a chance to dump the remainder of their shares. Could be released sooner if they give GR the nod to confirm they've finished selling.

Jimbo, still offside and still desperately trying to ramp his way out. Sorry Jimbo, admit your analysis and knowledge of PREM I severely lacking as are your trading skills and ramping efforts.

No amount of false claims of massive buys being filled and NT for any volume will make the price move you into a profitable position that you can exit.

You're now trapped, locked in with the rest of the Premmings unless of course you can put on your big boy pants, admit to yourself you got it badly wrong, then cut and run away with your tail between your legs, back to the big portfolio

Jumbo the ex city trader and p!$$ poor analyst can't read or comprehend the information presented in various RNS and is still trying to ramp his way out of the offside position he's found himself in. Clearly couldn't trade is way out of a paper bag

AimHigher, the next news will be the consolidation and the EGM request for further massive dilution to pay the ever increasing debts.

Jimbo well offside now and position worsening. Clearly knows very little about PREM. The incessant rubbish being posted is truly laughable.

Ex city trader and market analyst clearly not very good at trading or analysis any more (if he ever was any good, maybe that's why he's an ex trader and analyst).

James who is this new CEO you keep mentioning?

Watch the interview again and at no point do they say they don't need the second plant, body language says the complete opposite.

What revenue is coming in?

Do they have a licence to export anything they produce?

Your lack of knowledge is very apparant, as are your attempts to get yourself back onside

James you're sounding very desperate now. Got yourself into an offside position yesterday and now hoping to get out. Welcome to the world of the premmings

GR strikes again with a parting gift of yet another raise to pay for things he should have paid for with the previous raises. Expect this to drop below 0.02 now.

The Premmings will all say it's expected and now it's out of the way we can move on.

This is the precursor to the consolidation and EGM call for even further massive dilution.

Dazed, come back to me on ALGW at the end of November and see if you're as smug then as you are now. You know nothing about that company, and virtually nothing about PREM