Member Info for raaydaar

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

Martin you've been asked many questions o er the last few days, perhaps answer them, provide your investment case for PREM rather than posting ludicrous numbers of trades.

I have posted recently on ALGW, as have you with more of your rubbish.

James, is it safe to assume you weren't a very good trader in your city days, as you seem to be rather naive when it comes to understanding how the market works, or how GR work when he releases an RNS.

Mark as usual didn't ask the right questions when the opportunity presented itself.

GR stated some product has been produced and effectively sold - How much a gramme, a kilo, a tonne?

Then GR was going on about grades and deleterious content - Does the Zulu product still contain deleterious content?

GH body language and tone suggested that the secondary plant will be required but it's a matter of funding it.

No mention whatsoever of the sorters or mag sep which aren't fit for purpose.

No questions on funding which was clearly stated in the RNS as a requirement.

As per usual a nothing interview where none of the difficult questions were asked and all GR and GH really said was it still needs work doing.

As I said this morning, nothing has changed from the 8th August RNS, they've spent a lot of time and money to produce an unknown own quantity of product at the same or inferior grade to that produced over a year ago.

Plant fixes that were identified over a year ago still haven't been actioned.

The Company still has no money and will getting out the begging bowl very very soon.

That pretty much summarises everything anyone needs to know.

NK77,

The part of the rns you quoted tells you clearly that the plant isn't and hasn't produced continuously.

"ONGOING OPTIMISATION NECESSARY to continuously meet saleable concentrate grade."

More optimisation work needed. Clear and obvious to anyone that can understand a GR Rns or indeed anyone that can speak English!

86KB, what's your view on why GR isn't allowed to name Glencore? They've previously been called a FTSE listed entity and now they're being referred to as a large trading house.

Reading the RNS this morning it's clear that nothing has changed since the RNS on 8th August.

The plant has produced some product, but not continuously or in any significant volumes, nor is it likely to do so until the sorters have been replaced.

It's still likely that the secondary flotation plant will be required but GR hasn't got the money too pay for it so GH will be the one to announce that requirement and fundraise.

The Company still have no money and will require significant fundraise to make any further progress.

Glencore still won't let GR use their name in an RNS.

Consolidation will happen, as will a fundraise off of the back of this RNS and the EGM will be called with a request to fund payment of outstanding debts and additional working capital to attempt to resolve the outstanding plant issues.

I highly doubt Glencore will JV with PREM at any point in the near future, I alsonhighlyndoubt that the discussions with Canmax will provide anybsolutiin going forward that doesn't include constant production at grade and volume.

More smoke and mirrors from GR and the Premmings have once again fallen for it hook, line and sinker.

Shame that analysis doesn't warn of the prospect of an imminent placing, along with the EGM call and request for further headroom. Surely your AI etc should warn potential investors of what is already out there in RNS or is it a blatant attempt at a ramp to suggest a possible 100% upside without highlighting the potential 30% or more downside with a placing. Won't do much fornyour credibility if the placing drops tomorrow

Why are you here Martin, shouldn't you be in a Wetherspoons somewhere indulging your sad passion?

Acker, uou won't get a reply, they're incapable of posting anything other the emojis, volume numbers and insults. They lack even the most basic knowledge of the company and spend their days creating multiple identities on here which are so bad they keep getting removed. LSE will eventually get around to removing them and their irrelevant musings

Goldduck glad to see you agree Tantalum circuit won't be any time soon

I can't imagine anyone with any sense would agree to pay for and add a Tantalum circuit to the plant until such time as it's fully working and producing, so any Tantalum circuit won't be introduced any time soon.

If GR is to be believed, consolidation will take place within 3 months of the date of the approval to consolidate. So in theory by 6th September.

However the notice also stated it was their intention to consolidate as soon as possible, which does make you wonder why it hasn't been done yet or why he still hasn't raised the funds he could have despite clearly needing them?

Coldsteel, with those resources, AI, algorithmic analysis with expected news factored in then I concede it MIGHT be possible to chart PREM, but I still don't believe it's possible to do so with any reasonable expectation of accuracy and most certainly impossible to chart PREM with basic analysis that mere mortals could do without those aids and most certainly impossible with little knowledge and crayons

Coldsteel, this is the problem with charts and chartist, they don't do their research and cannot factor in expected events such as the failure of the test run, the imminent placing (assuming Canmax let GR raise), the upcoming consolidation and the EGM call to ask for another 15 billion in headroom (post consolidation).

Fact is you cannot chart a volatile share such as PREM, way too driven on news and sentiment, unless of course you use crayons and by some miracle they always tell you to buy and sell at the lows and highs. Annunaki our resident crayon charter "brought" again at the lows and I'm sure will tell us again they "brought" at the lows back in April etc etc.

Boltaphil, how have you managed to convince yourself that production is imminent? If the test run had been a success we'd know about it by now.

No EGM required for a placing he's still got billions he can use. EGM will be for billions more post consolidation. Probably looking at 150 to 200% headroom dilution of the consolidated amount. He'll need at least £20 million to cover debts (not including Canmax) and working capital to hopefully survive until 2026

Snowking hand sorting won't produce sufficient quantity so the sorters are a massive issue and very very relevant. If you can't see that you must have been blinded by GRs promises when he sold you the placing

The issued shares are expected to be admitted to trading on or around the 26th August 2025.

Premier intends to utilise the funds to pay the outstanding amounts for the secondary floatation plant, the remaining costs for the civils work for the plant, and for general working capital.

CEO George Roach commented "Premier is once again on the cusp of the cusp of the cusp of producing saleable product at its Zulu plant.i am reasonably certain that I might be confident that I am generally happy that I might be co fisent to a reasonable degree that these fixes will be the very last ones that I might mention until they don't work but I'll not be involved in Zulu by then."

Premier is also pleased to announced that following his departure as CEO on 31st August, George Roach has agreed to become a special advisor to the company in charge of getting the RHA plant back into production. Mr Roach has detailed knowledge of this project and we are pleased to welcome him back into the Premier family in this highly paid role as a special advisor.

How might the next RNS read:

Premier African Minerals is pleased to announce that following the announcement on 8th August 2025, the companybhas decided to go ahead with the purchase of the Secondary Floatation Plant. As previously announced, following extensive works by the OEM contractors, and testing of Zulu ore at other sites with a similar floatation operation, the OEM contractors believe that the installation of this second unit will be the final final final final fix and we are reasonably confident that with this unit, the plant will be capable of producing a saleable grade of product.

As previously announced over a year ago, the issues identified with the sorters require replacement of the units. The original contractor is unwilling to agree to finance the replacement and therefore it is now incumbent on Premier to determine what specific type of sorting method will be sufficient for the ore body at Zulu and as such has commissioned a study to determine which specific types of sorters to purchase. Test work will be required and we expect to have the results of the study within 2 months, at which point the company can source, purchase, install and test new sorters.

In light of this, Premier is pleased to announce that is has raised £700,000 before costs by way of a placing of 7000 million shares. This fundraise has been done in line with the company's existing share authorities.

Additionally, Premier today announces that its issued share capital will be consolidated, in line with the authority granted by shareholders at the Annual General Meeting.

One new share in the company will be issued for every 10 shares currently in issue. Shareholders should note that any shareholding not divisible exactly by 10 will result in the loss of any part shares. For example a shareholding of 180263997 will be consolidated to 18026399 the remaining shares will be lost. Any shareholder holding less than 10 shares in Premier will not receive any new shares in the company and will forfeit their holdings.

Premier is also pleased to announce that following the recent second test run that all pipes have now been unblocked, however the plant is still unable to produce sufficient quantity of product continuously to satisfy the terms of the Letter of Intent issued by the FTSE listed company.

Premier believes that with the new plant and sorters that the Zulu plant will be able to meet the requirements, however finance is an issue and as such Premier also announces it's intention to call an EGM to be held in London, to request authority to issue up to 15 billion additional new Shares in the company further details will be released in a separate announcemnet.