Member Info for RomanWolf

Hopefully a continued newsflow should keep them at bay.

Why should they have been released with the accounts?

No I don't imagine we will get rid of you. Much like an ******* everyone has one. They don't like them but they are needed

More assays will flow Daz as well as monthly updates on the pilot progress.

You really are a miserable sod lol

I hope they aren't planning a hostile takeover with 14 million USD lol

It's all for the pilot mine

I've seen where it's going it's in the accounts. Few regurgitated RNS implying the trials that should have started last year are now starting this year...... Just before they ask for more money to get them there. Placement coming before the end of Q3.....

Your going to get monthly ones soon lol

It certainly goes along way in explaining why Suzhou was the best offer.

Well we are where we are and it's crunch time. Looking forward to monthly RNS updates will be a good measure of the change if he manages to get those on time at least!

He's still got some time.........

Not exactly a ringing endorsement for hitting deadlines in the new world if he misses it lol

Irontaz a.k.a Haji Taz the resident telegram ramper.

HFG hahahahhahahah

Snowking,

Just so I understand the last few posts.

1. You said keep Zulu because when we are mining we are going to be minting money

2. You would not be bothered about diluting 30 percent for a measley 100 million for a second mine when we will be minting money?

I don't understand the logic because if we are selling what you think we will at the price you think we wouldn't need to give away 30 percent because we would have that in year 1 of the mine!

Sensible analysis Bickmaster. Unfortunately it doesn't look as good plastered over twitter then.

Much like Zulu 100 percent owned. Of course it is 100 percent owned by PREM but we gave away 13 percent of the whole of Prem instead lol

I agree Pb after all it's your money not the Chinese' that your putting in.

I don't see anything moving the SP considerably in the current climate until we are towards the end of the year. Markets are so flat and it's going to be a long 6 to 9 months

Ciao Nookie

Cash appears to be the figures that a few are confusing with profit. Many of the figures stated are cashflow estimates. It's a measure but shouldn't be confused with profit and certainly cash is very important for PREM and investing in further exploration, mine expansion as it will mean they can support there own expansion without the need to rely on other external sources for the cash.

Dividends being paid would generally require profit to issue or a build up of reserves which would come from prior year profit

It might be easier to get yourself a basic accounting book that's not meant sarcastically. It's simpler then to understand the concept of double entry, statement of financial position and statement of comprehensive income.

You can see the how the movements impact profit

Thankyou ACKER.

Correct Wolframite hence the simplistic version of events as an example.

Chuggs could go in circles with you all day on this but I'm too busy. loan repayments aren't deducted from revenue in accounting they come from cash.

Repayments of the loan would not effect profit that would be a balance sheet item impacting assets (cash and fixed asset) and liabilities for the loan. They would effect the cashflow.

The depreciation policy of the asset in the accounts would have a bearing on the profit.

In simplistic terms of the life of the mine was to be assumed at 3 years the 35 million cost of the the mine would be depreciated over 3 years regardless of repaying the loan in 6 months, 12 or 36 months.