Member Info for raaydaar

Goingtomoonufo,

Have a read of this article posted earlier by someone. Even the market journalists are saying that the 35 billion headroom request is nowhere near enough to raise the funds GH needs.

https://www.share-talk.com/from-aim-darling-to-micro-cap-can-premier-african-minerals-recover/

Guly, PREM asks foe maximum authority a couple of times a year, and blows the lot as soon as possible. Nothing has changed with GH at the helm. He'll have to use the full authority to get through the next couple of months.

I guess the market will decide at 8am and we will see how things are likely to progress. I don't envisage a positive outcome from the RNS, there could be an opportunity for a trade but it's a ballsy one and not for me

Acker, I would have thought you had more class than to revert to calling those with a less than favourable viewpoint "trolls" it's not so long ago that you agreed with the same arguments and that view seems to have changed only since you decided to buy back in at your favoured 0.1p post consolidation.

Everyone is entitled to an opinion on this public bulletin board and you cannot deny that since the consolidation and subsequent raise that those negative interpretations of the passage of events have been reasonably accurate in terms of failure to purchase the second float plant immediately post raising of funds, timelines to get that float plant installed and commissioned, dire financial position of the company and the requirement for yet another EGM to request additional headroom and future dilution ofnshareholders.

Your ambitions to see a white Knight ride to the rescue have not materialised and the RNS on Friday suggests that they do not exist and it's once again down to shareholders to bear the brunt of the pain to continue to try and progress the business, as painful as that is now, it will only get more painful as the 35 billion shares, if approved, will, by GH own admission of the required funding, fall well short of what's required and if utilised fully after costs would last around 2 months and then it's back to shareholders again for a similar amount to get enough cash to last through to July.

That would equate to around 1/6 of a TRILLION shares in issue had the consolidation not taken place.

Where's the shareholder value being created?

Acker noone is telling anyone how to play the game, the rules are simple it's how you utilise your knowledge of the game to make you a winner.

The view from the cheap seats is fantastic, quite hilarious at times, the view from the front row of the dress circle seems to be more of a bloodbath horror story where nothing seems to go right.

Guly, entirely up tonyoubhownyou spend your money, nobody here is Policing this board. We're merely pointing out the case against buying PREM shares, look at Snowking, he's invest tens if not 100s of thousands in this company, money he'll never get back yet had he listened to our alternative viewpoint he could have saved himself those losses. Same for many other staunch supporters of the company who continued to argue that PREM would come good. They're now sitting on losses close to if not over 90% on their investment here, and only now have they realised that PREM is just not worth buying unfortunately it's too late for them but not too late for others to listen to the negative side and seek out much better investment opportunities based on sound research not some AI generated 1000% profit wishful thinking rose tinted future

Jaglith, just ask AI that seems to be the dine thing to get an investment case for PREM.

So I did and this is what it said;

Based on the RNS released on February 13, 2026, requesting authority for 35 billion new shares (plus 5 billion for Canmax) to fund a US$13.4 million budget, market sentiment is overwhelmingly bearish, with investors speculating that significant share price declines are likely when trading resumes on Monday, February 16, 2026.

Key points regarding the potential share price movement:

High Dilution Expectations: The 35 billion share request represents severe potential dilution for existing shareholders, as the company currently has approximately 9.49 billion shares in issue. Some investor commentary suggests the price could face significant downward pressure, with some speculating it could drop substantially.

Targeted Share Price: Some investors expect the share price to fall further, with some suggesting a drop to as low as 0.005p if the 35 billion share dilution occurs. Others have mentioned a potential drop of over 50% on Monday.

Immediate Financial Needs: The company requires US$13.4 million for immediate needs, including plant completion and contractor payments. If the share price falls significantly, it will take many more shares to raise this capital, causing a cycle of further dilution.

Risks: Failure to pass the resolutions risks a "discounted open offer" and casts doubt on the company's ability to continue as a going concern.

Contextual Data (Feb 13, 2026):

Closing Price: 0.027p (approx.)

52-Week Range: 0.0175p - 0.99p

Risk Profile: High volatility and high risk.

From the 15th October EGM RNS

"the prospect of non-dilutive finance options remains when the plant is fully commissioned and operating to design specifications"

From the 19th May AGM RNS

"the prospect of non-dilutive finance options remains when the plant is fully commissioned and operating to design specifications"

From the February 13th AGM RNS

"The Directors will continue to actively explore and assess alternative funding mechanisms, including non-dilutive and less dilutive funding options"

So in May and October 2025 the prospect of non dilutive financing remained. By Friday last week they continue to "actively explore"

Those options that remained, no longer remain and now they "actively explore" meaning we're begging everyone we know to give us cash, but it would appear that nobody wants to give them cash.

As per the May and October RNS they won't get non dilutive funding until they can prove the plant can produce, therefore the full 35 billion, if approved, will be used to cover opex for the next 2 months followed by another EGM for a further maybe 30 billion shares for further opex with no guarantees that this secondary flotation unit will work.

There's ZERO value in buying shares in PREM right now and the share price will be decimated over the coming sessions and decimated again once the 35 billion shares are placed.

The next EGM call will also need to include another consolidation of maybe 1000:1 so he can place above 0.001

A) Trading house has not invested ANY money into the company.

B) One or two interested parties have remained interested for nearly 2 years but have not invested any money in the company.

C) PREM have no export licence and the lower grade material is contaminated.

Hill hasn't finalised any definite agreements because there are none.

Acker the governance structure is irrelevant as things stand. The problem GH has is to resolve the legacy issues and get the plant producing. Unfortunately no matter how you try and spin it 35 billion shares is nowhere near enough to get them where they need to be. By your own admission you wanted to see 50 billion which might just have been enough, but as things stand, if the vote goes through, they won't have anything close to what they need in terms of finance and that's just not good enough.

Snowking, have you not learned your lesson? You're back at it with the "what if" scenarios. You need to accept that as things stand they do not exist. All that exists right now is the need for over 14 million in cash which cannot be raised utilising 35 billion of headroom.

Acker we've hear it all before about exercising the authority carefully and Snowking and other believers would have highlighted the fact that theyvwanted the authority for 24 months so of course wouldn't use it all quickly. What happend? They used it all quickly.

The immediate need for cash tells you all you need to know.

If they can only raise at 0.015 then 35 billion will get them £5.25 million before costs or about £4.8 million after costs which is about $6.5 million less than half of what they need!!!

Anyone looking at those numbers would run a mile before buying PREM shares and you can bet your bottom dollar that third party financier would look at those numbers and run a mile before even starting the due diligence process.

Acker there was nothing good about that RNS. The financial summary shows exactly what a dire situation the company are in and, assuming the vote is passed, will not have enough cash going forwards even if they place the full 35 billion shares.

Let's breaking down.

They require $13.4 million (£9.8 million) to see them through to 31st July, an average of $2.68 million (£1.96 million) per month from March.

Utilising the full 35 billion shares they would need to raise approximately $14.75 million (£10.8 million) before costs.

That would require, before costs, for the 35 billion shares to be placed at an average placing price of 0.0308p per share which would be at a 14% premium to today's closing price.

We all know that that's just not going to happen. Using the full 35 billion immediately after the meeting wouldn't give them enough money to see them through to the end of April. Will he be calling a further EGM for May?

Even the most stalwart of PREM supporters must now be able to see that this company is no longer viable

Hasiba, Canmax are merely protecting their interest by maintaining their shareholding and forfeiting interest payments so essentially at zero cost to themselves. They're clearly not interested in investing further funds into Zulu, in fact they want someone else to take on their liabilty and get their money back.

There are no other interested third parties. They who cannot be named aren't interested in giving Zulu any cash otherwise they would have by now. They'll happily sit on the sidelines and watch, if Zulu fails then all it's cost them is the time and ink to sign the non binding LOI.

A Stockbox interview won't help as Mark won't ask those difficult questions that need to be asked and as I've previously said, GH, like GR won't answer those same difficult questions in shareholder calls.

What happened to the results of the engineering audit?

About time the regulator got involved and did a deep dive into the goings on at PREM.

To meet their projected cash needs the full 35 billion would need to be placed at around 0.032 to give enough after costs.

That's clearly not going to happen as the SP will fall sub 0.02 ahead of the AGM and then any placing will be discounted, usually at 30% so any raise, if the motions pass at the EGM will be between 0.01 and 0.018 nowhere near enough.

I'm sure Snowking will be here soon supporting this and Hasiba will be buying truckloads more as the SP goes into free fall on Monday

Https://www.londonstockexchange.com/news-article/PREM/notice-of-agm/17461542

Friday the 13th not a good day for PRWM holders.

Looking at the breakdown of costs provided clearly shows that even 35 billion shares won't come close to providing the working capital that they require.

The farce that is PREM becomes more farcical day by day.

PREM do love to break bad news after hours on a Friday. Wonder how many billions he'll be asking for?

I reckon 50 billion plus another 5 billion for the Canmax kitty

Macdac, where's the balance in an echo chamber of eternal positivity when the cold hard reality is that there's a lot further for the SP to fall before there's any chance of anyone making money.

By heeding Jaglith and the more negative viewpoint over the last 2 years or so people wouldn't be in the situation where they're losing money in PREM as they wouldn't have bought into the rhetoric of Snowking and his disciples or listened to the mad pumpers like ProfitJock and the Barclays Crayon chartist, or added more because Hasiba has bought yet another truckload. All of these people, aside from the traders, lost money in PREM because they have a tunnel vision that prevents them from an objective viewpoint and are now so far underwater that they will never recover yet still refuse to believe that PREM is, at this time, a very poor investment opportunity, so poor it's not even worth attempting to trade it outside of RNS release days and even then it's still risky, look at the poor mug punters who bought in on the RNS the other morning, now sitting on near 20% loss.

Acker there are insufficient shares to pay Goddards hence the immediate requirement for an AGM, if called today or tomorrow they could just get a placing away to pay Goddards during 1st week of March which would probably be acceptable, any delay beyond that could see further action in accordance with the Hugh Court Writ.

Acker, you know full well a placement will have to happen soon in order to pay Goddards their 200k this month.

First order of business though will be to arrange an EGM for the headroom increase, and possibly a further share consolidation, to allow them the opportunity to raise sufficient funds to keep paying Goddards that monthly 200k along with all the associated costs for the plant, contractors, salaries and day to day bills to keep the lights on until the plant is commissioned.

As the SP continues to fall that number required will now be closer to 50 billion more shares along with an associated amount to allow Canmax to retain their interests should they wish to do so

Acker there's a little over 280 million shares left in the pot, not enough to make the February payment to Goddards with the SP at current levels without even factoring in any discount or costs.

Would be nice to see him challenged on the numbers in an Interview but we all know that will never happen and like his predecessor he picks and chooses which questions to answer during Q+A sessions.