Member Info for raaydaar

Let's just put one thing straight with regards to the large holders. As a TR1 holder I've spoken with3 of the other 5 and all of us are happy with the situation foe the company going forwards, less so with the share price but if people are incapable of reading and interpreting an RNS for what it is rather than a headline word then unfortunately they're the ones who have lost out.

I've added further today, as have 2 other TR1 holders another is likely to add further. We're not interested in the short term. Read the RNS, it's all there in black and white.

I'd also suggest some here do a little more research before making bold statements. A lot of rubbish has been posted here which quite frankly amazes me at how people attempt to come across as knowledgeable when in fact they're as thick as mince.

A prospectus was issued because of the fundamental change in the nature of the business.

Or not, it's the premier african minerals investors group on facebook

sandringham7, i've had a look at the facebook group and i must say that the posts made by the individual martinigirl accused you of being are remarkably similar if not pretty much exact in referencing of your posts on here under your various guises. the rules of the forum prevent me from revealing your identity but if anyone's interested in seeing who this sad individual is then by all means visit the facebook page that he enjoys sharing, view the most recent posts and the comments that refer to pei and volumes and see for yourself that this is in fact quagpalm, stormpiper, luthee and botuney along with the current sandringham7 (the precious 6 sandringham profiles were banned) with his references to pei and the incessant inferences about volumes being the be all and end all

https://www.********************2062275300712268/?ref=share

Hasiba, zero chance of liquidation or administration? How can you be so sure?

Best case now is he's not spent any of the raised funds (unlikely) so the debts outweigh the cash by 15:1 and there's zero revenue with a massive debt owed to the Zimbabwean Revenue department, I'd suggest that makes the company insolvent and at risk of suspension of trading and insolvency proceedings.

Steward, how does the removal of the debt to Canmax help shareholders? It doesn't remove the 17 million plus that PREM owes to staff, Contractors and the government. A debt it cannot service. One thing I and everyone else knows is that in business if you don't pay your bills you go out of business. GR has deliberately not paid the bills, now the company is in such a bad place that he cannot pay the bills and cannot access anywhere close to enough money to pay them.

No you're seeing a 215 million warehoused sell

Nothing else to say really other than I expect Quag/Storm to appear at some point talking about "hundreds of millions of shares traded, mostly buys"

When the true reality as it always has been is that anyone with any sense is getting whatever they can, cutting their losses and walking away. They don't want to be the person with a big fat zero next to the value of a share in their portfolio.

Jim, you're right, however the rather large elephant in the room is the additional significant debts that PREM have which they are unable to service debts totalling in excess of $17 million. Whatever happens to Zulu come 1st April, it won't be producing SC6, it's more than likely that it won't even be working and certainly won't be generating any revenue for PREM. How then does PREM pay its debts? GR hasn't the facility to raise much more than a few 100 thousand which at the rate he burns through cash will last a couple of weeks at most (assuming he continues not to pay the bills). How can a company with such a large debt burden, continue as a going concern? Even if you take out a portion of ongoing costs for Zulu which would be covered by Canmax, PREM just isn't viable going forwards. Canmax know this, they know how desperate GR is and I would think they'll do him a favour and give him $20 million for the remaining share in Zulu, he can then pay the debts and have a couple of million left over to keep drawing his salary whilst trying to convince shareholders to give him more money to bring RHA back online, funding he won't get and that will then be the end of PREM with shareholders wiped out

Jimtrade, you've been here longe enough to know that everything you've just said as far as PREM is concerned is absolute rubbish.

Canmax have absolutely no interest whatsoever in ensuring that PREM gets Zulu into a state of production, if they did there would have been financial support forthcoming. It far better suits them to let GR continue and bankrupt PREM, their debt is paid in full with interest and they'll pick up Zulu in it's entirety, bring in their own people or a contractor theow as much money as is needed at the project to get the issues resolved and start production.

Storm, the creditors aren't being supportive, if they were then they wouldn't be taking payment in shares to dump onto the market, Canmax, if they were supportive would have taken the placing along with the other 4 billion GR wants to get rid of as soon as he can.

It's blatantly obvious that this company is now in the direst of straits and there is no way out. Any possible solution to save them would have by now been explored and clearly every possible solution to save the company has failed. Debts (aside from the prepayment agreement) massively outweigh any current cash reserves or future ability to raise cash. The debt to the government alone is more than they can now raise. I've absolutely no doubt in my mind that once the Zimbabwean government realises the sorry state of affairs that exists at Zulu then they will take action to recover what they're owed. Revenue departments don't hang about when it comes to debts owed by companies and the PREM VAT bill is way too high for them not to look at potentially seizing the assets to recover what's owed to them.

Hasiba, contractors took payment in shares because there wasn't a snowflakes chance in hell that they'd get paid in cash because GR hasn't got any to give them. The only wayvtheyd get their invoices settled (in part) was to take the shares and sell them at the first available opportunity.

Quag you really are a complete idiot. Your consistent nonsensical posts get more ridiculous with every new claim. 4 billion new shareholders? Really? Abouts as realistic as your earlier claims of trades valued in excess of £1 billion having taken place today.

Time to reprogram the bot monitor can it least make some logical claims.

Bkuechip, nobody wants to see hard working decent folk lose money, why do you think I and others have spent so much time on here rightly warning of what would happen. It's the likes of Quag and Storm you should be criticising for trying to convince those hard working decent folk that PREM is a viable valid investment that will make money for them. PREM has for a very long time been nothing more than a vessel to provide GR with the lifestyle he has and as today's raise shows he will milk it for every penny he can and everyone else can go to hell. You have to worry about all the Zulu employees who haven't been paid for months, how they're providing for their families whilst GR keeps drawing his salary and consultancy fees. He might get one last trip to London out of this raise before the company collapses, but then again he's still got another 4 billion shares he can place which you can be pretty much assured he will place at the soonest opportunity before the month is out.

Quag you really are a fool if you think they're buys.

Steward it's being held up whilst the CMC sell order is warehoused before publication. Will drop like a stone Monday once that's been published.

Not long now until the lid closes on PREM and shareholders are wiped out. GR managing to keep paying his and Brendans wages though

Stoem please enlighten us with how you think the markets work, if there are more buys than sells or an increased demand for buying, how does a share price end the trading session over 13% down?

Stormpiper if buyingbon Friday was 50% higher than usual then it doesn't bode well for the future performance of the share price since it ended down by by over 13%. Yhat suggests that the selling was significantly higher than the buying. Market doesn't see value or a future for PREM, shareholders now willing to take significant losses to get what they can and move it elsewhere.

PREM is done for, it has no future as a viable business and is most certainly uninvestable

Nelly, at what point does the value of a shareholding determine if a person is classed as a shareholder or not? How many shares does a person need to own to be classed as a shareholder in a company? I'm sure when she bought her share the value was much greater than the current 1/50 of a penny. Who is to blame for the loss of value? If she had 50 million shares and held the same opinions would that make uou listen to what she had to say or would you argue that's only £10k worth and not worth anything in the grand scheme of things.

The chap in the hat has several hundred million shares and is just as negative as Martinigirl and makes videos declaring his distrust of GR and view that the company is going down the tubes, is his opinion valid?

I'm confident that martinigirl has always claimed to actually be a shareholder, albeit with a single share to negate attacks of not being a shareholder. So your FACT is somewhat in dispute. Perhaps you should check your FACTS before making wild ACCUSATIONS. Is your research into PREM as good as your FACT checking with alleged shareholdings?

Nelly you couldn't possibly state as a FACT that a particular individual (other than yourself) os a shareholder or not.

That's part of your problem, you actually believe what you post here rather than taking a step back and analysing the FACTS as they are presented. If you did that you'd come to the same conclusion that many many others have done and that is that PREM has no future and investing here is simply throwing your money away.

Hasiba, why would Jaglith be worried about his short? He claims to have shorted PREM from 1p so a tiny rise today won't make the blind bit of difference.

The share price can indeed be manipulated upwards. The brokers would have forward sold a large number of shares in anticipation of the failed placing, because that placing failed they need to buy back those non existent shares, if they do that when the price drops likening has done then that increased volume puts upwards pressure on the share price, which is what I think we are seeing here. There's no other logical explanation