Member Info for raaydaar

Sol001 would that be an update on the civils work that he previously raised funds to complete and should have been done months ago. What did he spend that money on instead of using it for what he stated it was intended for?

Sol001, I'd suggest you got back and carefully read the recent funding RNS.

GR makes it crystal clear that the raise isn't enough to cover what's needed to try and get the plant working.

Now that he's used pretty much all the headroom, he'll have to ask for more.

"the Company will continue to require future funding in particular to ensure that the Zulu plant is able to achieve the required grade and tonnage to reach a binding agreement for the future development, meet operating costs of Zulu and settle creditors."

A-Bomb, I agree there'll be an RNS soon, he'll need to announce the GM quickly to try and get the headroom he'll need. Question is how much will he ask for and will he get the support of shareholders? I'm thinking he'll be asking for between 20 and 30 billion more shares to cover the costs he'll have to pay to try and get the plant running along with settling some of the £18 million plus in owed wages and debts to contractors and suppliers.

That's a big number in terms of shareholder dilution and I'm not sure he'll get the support.

Anglebox, Goddards weren't being paid whilst the plant was shut down, hence GR calling Force Majeure against them. That's why it's highly unlikely they'll be back to do the mining required. All their staff will be deployed elsewhere and the relationship with GR in tatters.

Hasiba, market sentiment positive or otherwise won't get Zulu into production. Cold hard cash is needed and GR hasn't got anywhere near enough, if he has any at all.

Hasiba, Acker is correct jn everything he says. Glencore LOI is nothing more than an expression of interest to take spodumene.

The crux of the matter now is that GR has 3 months to prove Zulu can produce in quantity and at grade. All the while the debts continue to accrue, bills and wages will need to be paid, equipment bought and installed.

Who is on site do do the work? The foundations for the proposed new flotation circuit should have been completed months ago as part of a previous fundraise. Why are they not completed? What's he spent the money on? Are Goddards going to come back after his declaration of FM, if not who'll do the mining work? How will they be paid?

The money from the most recent raise, once the equipments been paid for won't last, in fact I'd be surprised if there's anything left after he's paid for the flotation circuit.

The elephant in the room is yet again funding going forwards, Canmax aren't interested in supporting PREM any further. Glencore won't stump up any cash until Zulu proves ìts worth and GR himself has admitted that, "the Company will continue to require future funding in particular to ensure that the Zulu plant is able to achieve the required grade and tonnage" so will need further funding just to try and prove Zulu in the 3 months he has. How's he going to accomplish that? He's pretty much used up all his available headroom. The only way is through shareholder approval at yet another GM, which will have to be announced fairly soon and will require a pretty big number in terms of headroom requested. Once that's announced then the SP plummets once again and it's back to square one.

Willec, can you actually read accounts?

Here's the link to the latest and there's no way on earth that PREM is in profit.

That ladies and gentlemen tells you everything you need to know about Willec, they are either a poorly programme or just a complete imbecile who attempts to promote their agenda based on lies and misnformation.

https://premierafricanminerals.com/investors/reports/download?path=Premier%2BJUNE%2B2024%2B-%2BInterim%2BResults%2Bv4%2B.pdf

Willec, I'll ask again, then perhaps you can get your alter ego Bluechip to clarify your position.

What will the share price be should there be no LOI by 30th April?

The share price as it stands is jn the doldrums and whilst stable right now will most likely start to drop from tomorrow as the deadline for an LOI approaches with rado silence.

Tell me Willec have you bought 10s of millikns more sharws at these levels given your certainty of a 500% rise or are you just teying to trade your way out of an offside positikn right now? Im thinking the latter. Not good being offside in a PREM trade, never ends well, id suggest you cut your losses and get out whilst you can. Youve clearly.no experience witb PREM other than your last couple of trades which youve poat on so why continue, this one will coat you half of your stake when GR announces the failure of the discussiklons.

Give it up man, your just not a good enough ramper.

You should be immensely concerned about next Wednesday as that's when GR will have to inform the market that those "well advanced discussions" have failed if there's no LOI and that's when your offside trade goes South to the tune of another 50% or more

If there's no LOI by this time next week the chances are the company won't exist in 6-12 months time.

Have you bought 10s of millions of shares at these levels given your confidence of a 500% rise by next week? Surely that's a no brainer.

I'll asknagain what's uour thoughts on the SP if no LOI next week? That LOI you're so confident is coming

Willec those of us that have been around this share for many years know GR and know how to interpret what he says and more importantly doesn't say in an Interview.

How do you know that an LOI is incoming? You don't just as I don't know that one isn't coming. However my experience tells me that from that interview GR is a defeated man, he is resigned to his fate and knows that the company he has run into the ground will be no more in a very short time and he can finally leave it all behind along with the devastation it has caused to so many people that invested far more than they could afford to on promises made by Snowking and others, people much like yourself who are trying to profit from a flawed narrative.

You keep telling yourself that the LOI is coming, I'm sure you've bought 10s of thousands of pounds more shares all the while you're proclaiming a potential 500% rise from here.

Or more likely you've bought a few K and hoping tonnage a few hundred quid now that your offside on the trade.

I'll ask again and perhaps you'll answer.

Where do you see the SP if no LOI comes by next week?

A non-binding letter of interest has been received within 30 days (unless such period is extended by Canmax at its sole discretion) of the signing of the Addendum from a reputable buyer that is acceptable to Canmax that will settle and/or manage Canmax's Prepayment Amount plus interest on terms to be agreed by Canmax ("Expression of Interest")

30th April - Thank You

Willec you really are incapable of reading an RNS:

v. A non-binding letter of interest has been received within 30 days (unless such period is extended by Canmax at its sole discretion) of the signing of the Addendum from a reputable buyer that is acceptable to Canmax that will settle and/or manage Canmax's Prepayment Amount plus interest on terms to be agreed by Canmax ("Expression of Interest")

To the extent that the Expression of Interest is withdrawn, Premier will have thirty days (unless such period is extended by Canmax at its sole discretion) to secure an alternative reputable buyer that is acceptable to Canmax.

The first 30 days ends next week. There'll then need to be an RNS confirming ghat those well advanced talks have resulted in a withdrawal of the Expression of Interest. PREM then has 30 days to find another potential partner suitable to Canmax, negotiate, allow them due diligence and get the deal over the line. That takes them to 30th May.

I'll ask again what are your thoughts on the SP if there's no LOI by next Wednesday?

Williec, GR has a week to produce an LOI or inform the market that those "well advanced discussions" have come to nothing and he then has another 30 days to fund and negotiate with a possible partner that's suitable to Canmax.

Doesn't look promising now does it.

So I'll ask again what are your thoughts on the SP if no LOI in 7 days? Will there be a sell off as we get closer to the deadline. I'm thinking 0.015p by the end of this week as the traders like yourself cut their losses. Then maybe a drop sub 0.01p when the RNS lands confirming the company has a further 30 days to fight for its survival.

Expecting 0.015 when No LOI by the end of the week.

What are your thoughts Willec on the SP for no LOI?

Ballymena, I do apologise, I credited these newly appeared morons for people with some semblance of intelligence. It seems they think they know better than those of us that have been around this share for the best part of a decade.

Anunnaki, will no doubt be telling us later this week that the charts say it's time to sell. You don't need a chart Anunnaki, the lacknof LOI will see a sell off. The best time to sell was before you bought this current tranche you're trying to trade and the ramp just isn't working.

As for Willec and Robert, well it's clear and obvious that they haven't got a clue, unable to out together a coherent argument or indeed an investment case for PREM based on anything other than a mythical LOI and ramptastic figures pulled out of thin air. I believe one of them even said ghat 1p is a possibility in the future. At least Snowking tried to put forward an investment case but these guys are ridiculous. Now all they do is make crappy little posts to move any reasoned argument down the pages so nobody reads it as they continue to ramp away in the hope of exiting their badly timed trade at the earliest opportunity.

Hasiba, GR is IN CHARGE, Canmax merely have oversight on his spending and fundraising?

Another example of how a headline is far from the truth.

That interview was nearly 3 weeks ago, still no sign of any LOI (never a good thing with GR), PREM still has no cash, nor the ability to raise sufficient funding for what he claims is needed to get the plant working let alone producing.

Goddard are subject to a Force Majeure so no longer have a team on site, they're probably away working on other projects now. Will they come back and work for a company that has treated them as badly as PREM have treated them?

GR also stated that it would be a MINIMUM of 3 months from when funding was received before the plant would be able to be switched back on so however you look at it they're far from being "..... close to restarting production"

Zulu needs a whole lot more than just the new flotation circuit, which may no longer be available after GRs failed fundraise to buy it, then there's all the other issues at the plant that will require remediation.

PREM is a very very very long way from production, so far in fact that it's a rainbow and the pot of gold that is SC6 can't ever be reached

Anyone invested should care what I say and use that as partner their due diligence.

No amount or rocket emojis will make PREM a viable investment opportunity. It's far from that. Its a gamble, black or red? Hope it doesn't come up green.

Anyone doing reasonable research on PREM would see see many red flags that it's not even worth the back or red gamble. The company is dine for, cannot pay its bills. No matter what the assets are potentially worth, the day to day is what matters and Canmmax know that so when the first of the creditors file to make PREM bankrupt then all those cards are off the table and it's a free for all for who can get out first.

Wolframite, I still believe that anyone holding PREM should sell, be them a LTH or otherwise the company is imho is facing bankruptcy and it will take a miracle to get them out of the situation they find themselves in. All the talk of an LOI doesn't pay the 17 million in bills and anyone looking at the company can see that.