Member Info for raaydaar

Mugwump, when the plant is switched on it doesn't do what it's supposed to do as evidenced by the fact that there's been no SC6 produced and sold so your statement of immediate production ans millions in profits is delusional . At present spodumene prices with the Canmax discount factored in the mine will not be profitable at all.

Then you need to consider that in order to run a mine you need money, PREM has no money and cannot access enough to pay its costs.

GR stated he would have the report over a week ago. He went to China cap in hand god knows ows how long ago now and Snowking, DEB, Noel et all were telling the world that financing was sorted just a matter of crossing the T's etc. As we (the keyboard warriors) stated, that finance wasn't going to be forthcoming and now we are in the position of waiting for the fundraise GR has said is needed by the end of the month (Monday) in order to get the plant turned back on. Can't see it happening on Monday. More than likely there'll be a suspension trading first thing Tuesday morning.

Mrgeebee, you should have delayed that buy until after the placing, you would have gotten a 30% discount, maybe more but then again buying now or after the placing won't make any difference when PREM likely becomes insolvent before year end

Jag, CZ are a major shareholder in PREM but only by default due to the issuance of the 2 billion shares, which you correctly point out are being sold as quickly as possible in an attempt to pay back the capital owed to CZ. What's needed is clarification on the circa $1 million interest accrued and owed to CZ, how if or when that will be payable?

If it's to be repaid then GR is going to find himself in a very awkward position being unable to pay the debts owed. CZ will no doubt be instigating legal action to recover that money (if it is to be repaid and I cannot imagine they’ll write it off)

SWLC, define "not much left" by my reckoning they've still got a little over half a billion still to dispose of. Hardly "not much"

i'm sure hasiba has been adding to his truckload of shares. snowking will be selling down his holdings to put the money into the 50% discounted placing. deb will be averaging down with mum and dads money whilst noel will be asking chatgpt if prem is a worthwhile investment opportunity and declaring to the prg that all is good as a gypsy sold him some lucky white heather that looked a but like gr if you s*****ed hard enough. meanwhile in the other telegram group neo is throwing around clown emojis whilst looking in the mirror and seeing krusty.

the whole load of them are laughable, just won't accept that their money is gone and believing in saint george being their financial saviour.

wake up folks, smell the bull your spouting and find yourselves an opportunity to walk away with at least something in your pocket that you can use to recoup the losses.

Nelly, as you know they were feeding hand sorted selected ore into the plant.

Gazza can you be a bit more specific about what information you require?

Nelly, of course enprotec are going to say that their kit is capable of producing SC6.

That's not the problem. The question that needs answering is can their kit produce sufficient SC6 from the ore body available at Zulu? Yes the plant has produced an unknown quantity of a higher grade but that was from cherry picked ore fed intonthe system not the general stuff from the pad.

It's all irrelevant anyway until the report is released and the elephant in the room that is funding is addressed.

SWLC, they haven't stopped dumping, they just need the right average price for the sales. The shares are being sold by PREMs brokers so in order to meet the debt the average sale price needs to be right. Rest assured the remainder of those 1 billion + outstanding shares are being sold

No company worth their salt would part with the cash for a JV role for an unproven non producing plant that requires significant investment for remedial works.

The only viable funding proposition right now is the 2 billion headroom available. That's just not going to be enough to get the plant into production.

PREM is pretty much done for now. So much potential but a lack of credible leadership over the years has resulted in a decimated share price, massive ongoing costs, zero revenue, assets that are pretty much worthless and the liklihood of shareholders being wiped out in the very near future.

I agree there'll be an RNS this week, probably 7am tomorrow announcing the heavily discounted placing of 2 billion shares

Whywatetime & Botuney, the Little and Large of Prem. Heavy buying my ar$e, SP is down nearly 10% and still falling, that doesn't happen when there's heavy buying, quite the opposite when a company has over 30 BILLION shares in issue

GR, bless his cotton socks, has tried his best to get one final pump of the SP ahead of the placing. Lots of suggestions but no actual new information.

Looks very much like the placing rumour from yesterday is true. Could well be sub 0.04 at this rate. No doubt we will find out shortly after close today or 7am Monday.

Wouldn't surprise me if this is true and would expect a HE1 type discount to the SP. China trip es expected was a failure. If this rumour is true then it'll be an after hours RNS tomorrow I doubt he'd want to break the news any earlier. No doubt it will be quickly followed with a request foe an EGM and another 10 billion shares, will shareholders be supportive of such a request?

RickyK, the RNS this morning gave an exact number of how many were left last Friday and it was more than half of their original 2 billion allocation, 1,092,500,000.

Meaning they've only been able to sell just under half of their sell 357,500,000 since 21st August so around 100 million shares a week. That means that the massive selling volume that's been happening has in fact been retail customers selling out their positions ahead of the likely collapse of the company.

Luthee, Botuney, 1villian etc, you need to learn how the markets work:

When there's more sells than buys, the share price goes down.

Guess what, it's going down. There's no high volume demand for PREM shares, just a major holder and masses of retail holders looking to get rid of everything they hold.

Gate price under $700 now. Zenith still have over 1 billion shares to sell and no funding update

He went to China with his begging bowl in a desperate attempt to secure additional funding as the city boys weren't prepared to give him any more money during his all expenses paid London trip. Canmax clearly weren't willing to part with any money, if they were it would have been announced by now. All he's doing now is waiting for Zenith to release their TR1 confirming all the 2 billion shares have been sold and another confirming how much was raised from the sale of the shares and if the capital debt has been repaid. Still no word on if the interest accrued will be payable / subject to legal action / written off.

At that point there'll be an open offer for the remaining 2 billion he has available with the usual caveat that the business is at risk etc etc. Mug punters like Luthee, Hasiba, Whywastetime etc will cheer their glorious leader and proclaim how great he is for allowing current shareholders the opportunity to buy more shares at a whopping great big discount. GR will then be able to pay his and Brendans wages for a couple of weeks and maybe the workers at Zulu what they're owed before the plant goes in C&M and GR calls for another EGM for 10 billion more headroom to raise capital to explore exciting new opportunities or to flush down the pan trying to get RHA back up and running.

Nothing at all wrong with ramping, except:

a) When done by idiots who spend their time ramping.

b) Idiots who claim others are without gainful employment and who have nothing else to do.

c) Never accept the evidence provided to them to reinforce a previous statement despite having asked for such evidence to be provided.

d) Are unable to correctly punctuate a post.

e) Are idiots

Probably a better investment opportunity than PREM, but spamming another board is a bit out of order

DEB still pushing the narrative and no doubt still trading the spikes from all the rumours being pushedbin the telegram group. China trip was a dead duck, no further investment is coming from Canmax, it would have been in place by now. The desperation in the groupnis quite comical with Noel still unable to make a coherent argument and relying on Chatgpt for his "facts"