Member Info for raaydaar

Sounds to me like Hasiba is now realising how bad his investment has become, attacking the person rather than providing a cohesive well researched argument is never a good sign of a person who is well researched and content with their investment.

We all know that no news is never good news with PREM, the market is reacting accordingly. Although I've no doubt the faithful will see this as yet another opportunity to buy truckloads more shares and throw good money after bad in vain hope.

Hasiba, if the share price had gone up I still would have expected him to take back the 370 million shares plus a bit for interest to put him back in the position he would have been in if he hadn't made the loan. That would show he was truly aligned with shareholders.

Londuke, got back from Nevada today, not sure why you're so obsessed with me and my movements, it's borderline stalking. I'm happily married and not interested.

Hasiba, with that in mind, GR sold 370 million shares to provide the loan to the company.

If he hadn't sold those share those 370 million would have decreased in value in line with the rest of his shareholding.

He has taken 1.6 billion shares from the available headroom in lieu of interest because due to his poor management of the project the company hasn't been able to repay the loan. The capital amount is still outstanding and accruing interest.

If GR was aligned with shareholders he would have foregone the interest and just accepted back the 370 million shares to put him back into the position he was in prior to the loan, he could have even taken another 130 million for his troubles and take 500 million and nobody would have batted an eyelid and I fact I would have even praised him for doing the decent thing. Instead he's just sought to line his own pockets to the detriment of loyal shareholders like yourself, it wasn't about putting money back into the company. As for Canmax, they elected to convert interest due into shares to maintain their position and voting power by converting some interest due into shares. The company has seen no financial benefit from either of these transactions and neither has cost the participants a penny of the capital owed to them, merely a fraction of interest charged at rates way above normal.

Hasiba, neither GR nor Canmax have spent a single penny on the shares they recently obtained.

Luthee, I am in Vegas (if you want a live stream I'm more than happy to provide one, just request it quickly as I'm heading out shortly) but stated I wouldn't be posting for 5 days unless news, I broke that promise because Anunnaki is a moron. Whoever it was that wanted 20 on 34, it lost but I won't hold you to it

i just think it's funny that when prem release a crappy rns and the share price drops, barclays top crayon chartist os nowhere to be seen, not a single post claiming the charts predicted it and the great crayon god said that last wednesday was the time to sell. they reappear today with poor translations and talk of buckets from home bargains. i've absolutely no idea what that's supposed to mean, maybe tomorrow they'll be back with some random ****ney rhyming slang and more incomprehensible metaphors that just don't work in translation.

The identity of the target hasnt been revealed yet. However if you do the research with the information readily available and released by the company, it directs you to a single US company.

Whilst we cannot be 100% positive on the target, those of us that have done the digging are around 95%confident that we know the identity of the target company and looking forward to them becoming part of the group along with what they will bring to the table. There's also an additional target AUM that may come into play but there's been no details at all released about that so nothing to go on. I believe they aim to conclude to main acquisition some time next month, after which everything should be on target for relisting before the end of the year but that will be reliant on various regulatory approvals so in the hands of the FCA. Would be good to get it all completed before Xmas

Nettles I wish you luck, but I thinknyoubneed to dig deeper into the company and listen tonthe more seasoned posters here who know what they're talking about. There'll be a raise very very soon ahead of a consolidation and an EGM requesting more headroom (probably equivalent to another 100% dilution) on a take it or the company goes under basis (which has been the case for the last god knows how many EGM reqiests) which has worked previously and nothing has changed, GR still gets is salary and fees, perhaps this one will be different if GR doesn't stay on as a "consiltant" but I doubt he'll be walking away.

Anyways I'm in Vegas now so switching off from here for the next 5 days unless there's an RNS worth commenting on. Something I'm sure will please many.

Nettles you need to dig deeper into PREM and learn whole lot more about the company and most importantly to try and become fluent in "George Speak", fluency in the latter will help you no end and not make the mistakes that people who bought truckloads, or are investing their Indian call centre Barclays pension based on crayon lines on a chart that doesn't and will not ever work for PREM but will tell you he "brought" the lows and sold near or at the highs.

Well, well, well, it would appear that the "knowledgeable investors" are indeed knowledgeable and the crayon charting brigade somewhat less knowledgeable. It's amazing that the Premmings who refused to accept there were front end issues now have to believe what we've been telling them for God knows how long. This plant won't be anywhere near producing saleable product in quantity any time this year, as I've been saying for ages and ages but the fanboys wouldn't have any of it. Well now the reality should have hit home, there's way more wring with the plant than there is right. They now cannot afford the secondary flotation plant so unless he can raise funds that's no longer an option.

I think Canmax are now playing hardball as imho GR has p!$$3d them off immensely when he took 1.6 billion shares he really shouldn't have taken, and they're now determined to see PREM fail and walk away with Zulu, bring jn their own team and move forwards with the project.

I agree with Acker wrt RHA, I think GRs parting shot will be to spin off RHA into a private company and be CEO of something. As for the rest of PREMs assets, they're pretty much worthless so that will see shareholders wiped out.

No stiffy, just the little blue pills for the Barclays crayon charter, more Buckie for Wullie and a whole set of jack knifed trucks for Hasiba, Bluechipbroker will keep buying because he doesn't understand what's in an RNS but can post a rocket emoji.

If by some miracle GR manages to get a placing away (which he desperately needs) then the terms will be absokute carnage for shareholders.

Irispickles, financing the major concern though GR still hasn't paid for the civils for the secondary plant or the secondary plant itself still over $10 million in debt (aside from now 75 million Canmax debt)

Rumours don't account for the lack of money and significant debts through company had accrued that it cannot pay. I personally wouldn't even consider a trade on this, way too much risk knowing GR hasn't even paid for the civils for the secondary plant and has diverted funds to pay doe this run

https://x.com/Spud1202/status/1953572632764592508?t=QzD3rdRBl_BMZkMv7j-ekg&s=19

Sun junction, or should I say Luthee, Quagplam, Santiagot, Mainstay, Lesterpidgeon, Woundsail, Greencycle, Ospreyyacht etc etc, you're persistent with your efforts and multiple accounts along with your main LONDUKE account, never bringing anything to the discussion just a very sad individual. You must be close to running out of IP addresses now, I'm sure this account won't last the next 24 hours

It's amazing what one can happen across on the Internet when doing research.

https://x.com/Spud1202/status/1953549130032459894?t=bHEnpt_X1zIygx0pG_onaQ&s=19

Hasiba, remember that those shares taken by GR cost him nothing, and the fact he's taken them means he wants his loan to be repaid in cash rather than shares, hence the interest payment. Canmax decided to forego some interest to maintain their voting rights, that again in reality has cost them nothing in the grand scheme of what's now owed to them by PREM and they retain their status as largest shareholder with what is essentially a controlling vote.

Why would GR want his loan paid in cash if he believed in the future of the company? Simple question and I'm sure you've got a perfectly plausible answer.

Hasiba you clearly have absolutely no idea. Those truckload of shares losing you money are clouding your judgement. Rocket emojis won't do anything to help your cause.

Biglad whatever you think, GR is in charge right now and won't be going anywhere soon.

Bluechip I'm intrigued to know why you think Glencore will sign next week? It does nothing to remedy the front end issues that are evident at Zulu with the sorters and the MagSep, issues that will need to be rectified before the plant could potentially produce the required volumes.

Glencore have made it clear what criteria need to be met "within the next three months to have the letter issued as a binding agreement subject to pre-conditions inter alia that the plant achieves the required grade and tonnage."

There's zero chance the plant will achieve the required tonnage by next week and a slim chan e they'll achieve the required grade

Why so defensive Bkuechipbroker? Surely you can put forward a sensible investment case based on the facts that we know from all the information provided by the company that you've clearly done detailed research into and understand the nuances of what GR does and doesn't say in an RNS.

We all know GR style, very careful with his words, leaves it all ope to interpretation. I'm reminded of that famous interview he did when asked about a potential placing and he replied. "I have no intention to do a fundraise at this time" then the very next day they announced the placing. "At this time" in GR speak is right now, anything after is fair game to change his mind. There's plenty more examples in interviews and RNS, you really should familiarise yourself with them, it's educational and will help you better uiur judgement when I comes to "investing some more at these low prices" I'd hazard a guess and say there'll soon be an opportunity to "invest some more" at a 30% or more discount very very soon just for the placing. When he breaks the news that the test run has identified more areas that need significant spend at the front end then you could buy even more for your money.

Aninnaki, you're the one embarrassing yourself. One second you claim the share price has risen 200% since April, when proven wrong you then claim that a rise from 0.013 to 0.03 is a 200% rise. Now the claim is since the last placing in July which was at a 30% discount, that at one point the share price went up to a point that nobody could sell at and went back down just as quickly to the point where the share price remains down nearly 4% over the period you claim has seen a meteoric rise.

Get your story straight if you're going to argue a point with published numbers then at least make sure you're using the right numbers.

Anunnaki, back to Barclays Basic Maths classes for you. My daughters primary school class do percentages and even they know that when the price of something doubles it's not a 200% increase. I didn't leave the Police Service to work at Asda, I left to become an Air Traffic Controller where the pay is 3 times better and I get a Civil Aviation Authority pension. I did a stint at Asda during Covid, which I'm very proud of. Back moving aeroplanes around the sky now.