Member Info for raaydaar

Snowking, you weren't offered the 11th March placing. So I remain extremely confident that your statement about me being "complexity" incorrect is inaccurate.

Snowking I'm extremely confident that I am. Were you offered the 11th March placing?

Mrnewbie, they didn't choose not to, they were forced not to as the city boys wouldn't give them the cash for the full 35 billion shares.

And they still need funds "fast" as what they raised the other day won't last beyond the end of May and then theres the big cash call event in 5 weeks that will need to be covered

Mrnewbie, 35 billion more shares was never enough to raise the funding they needed against their own costings back when the headroom was approved and they could have used the whole lot and at least only have been a couple of million short of what they need. That shortfall they could probably have covered but not the current 5 million theyre short.

The fact is that the city boys aren't willing to part with more than a million at a time as they just don't trust the company to provide them with the profit they want when they take part in these placings.

Hence why theyre being done a couple of weeks apart. No company worth investing in should have laid out costings to complete a project and then be raising funds every couple or so weeks to finance that project.

Yes here we are less than a week later and they've raised funds! If that's not fast then im not sure what is when it comes to needing money

Goingtomoonufo, I have an excellent memory and yes you did say March:

"Production will start once the shift box arrives, which will be early March"

Mrnewbie your words of 8th May at 14:41:

"What a load of tosh, they dont need to raise nothing 'Fast' if they did then they would have just issued the shares already and done it"

Just in case you don't remember and think im lying

Q3? Wasn't too long ago you were saying production early March!! Is Snowking part of your group and feeding you duff information?

Correction it's just the £1.7 million as he's waived interest unless they don't pay him by the 21st

Jaglith it's £1.7 million plus interest since they defaulted on it so closer to £2 million now

Mrnewbie, all the recent placings are insufficient to meet the company own published costings to complete the commissioning process. They'll be around £5 million short, that's why they'll raise whatever they can as soon as they can.

The theres the big cash call event in 5 weeks time and they certainly don't have the cash or share headroom to satisfy that one when it comes around.

Tradedesk a very carefully worded statement there from GH, especially this bit:

"......subject to feed meeting agreed specification."

Now we do know how carefully selected the ore was that was sent to the plant running the same float unit. How are the going to ensure the ore meets the agreed specification? They're not going to put it through sorters or will it once again be hand picking the best bits?

1. The "Ostrich" syndrome

Burying their head in the sand refusing to accept the dire financial position of the company and the city unwillingness to put in more than a million at a time.

The line : "What a load of tosh, they dont need to raise nothing 'Fast' if they did then they would have just issued the shares already and done it"

2. The "Rose tinted glasses wearer"

Refusing to accept that the plant has issues but all will be good because GH is now on site.

The line: "If Graham gets this working in next 4 weeks , prem value at a minimum will be $100 m"

3. The "I'm in over my head" sufferer

Bought "truckloads" at way too high a price and keeps on buying "truckloads more" out of a desperate hope that they can recover some of their losses.

The line "will continue to add buy the dips…buying hopes and trusting what GH is doing"

4. The "what if" guy

The Premming leader, they Premmings hang on his every word believing he hs some magical powers and conne tons with the company. This is the most dangerous of Premmings as they are continually trading the share whilst purporting never to have sold a single one.

The lines: "Potential: If steady production is proven, the market cap could theoretically increase by 50x to 100x from its current valuation"

"I also declared Hugh losses on capital gains on my tax return for losses on prem"

Snowking, I wouldn't pay any attention to what he says. Not so long ago he was telling the board that there had been a bid for RHA and that production was going to start early in March.

0.014

Closing price was 0.0215 -8.51%

Mrnewbie, take a look at the RNS from 13th February where it's laid out in black and white just how much they need and then do the maths, it's a simple calculation and it's blatantly obvious that they'd not have enough cash and with the available headroom they have, they cannot raise enough cash.

You can bury your head in the sand or darken the shade on your rose tinted glasses but that won't make the cold hard facts go away.

That's the problem with Premmings they're so focused on the fantasy that the reality just escapes them and even if you slapped them around the face with a wet kipper every hour they won't wake up from their dreams.

Romanby am I wrong or do PREM have all the cash that they need?

Aiminvesting, you clearly know nothing about PREM and it's current financial predicament otherwise you would be all too aware that they need to raise lots of cash and fast.

Bury, seasoned investors don't touch shares like PREM.

Acker I'm happy with the book I've got, it's universally acknowledged as the go to text so I'm happy with the knowledge it provides me and allows me to make the interpretations that I do rather than rely on AI for an opinion.