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When this was moving forward and we had momentum I think Acker has touched on this previously the trading volume was big. I’m not sure now even if an rns came confirming production at SC5 if this is going to move as some are suggesting. I think it would need good RNS for production and grade followed by an RNS regarding funding of which I would think If there are interested parties they would need to see some consistent weeks months of rates before financially committing to something. Just my opinion but it’s an honest one

Snowking can you advise where in that RNS your are getting any feeling we are close to 5%?

Just to break it down if we were producing 5% then all would be forgiven and prem would be going forward.

Then you mention they have only started putting ore in then your saying we are close to 5%???

From one end of the spectrum to the other. I don’t agree. And it’s not that I’m being negative or deramping I just don’t think this RNS was needed I feel numbers and a more factual RNS is needed I know product can only be verified by a 3rd party but if he would have been specific with figures it would read better. It’s so GR like all if buts and maybes. I have worked in refining (be it oil and gas) and realise the importance of chemical rates but and balancing rates. But this isn’t the first time ore has been through that plant. They are not starting from scratch because a floatation circuit has been added. And as mentioned the plant has been simplified.

Biglad,

Patience some of us have been invested here for years and in the next month we will know our fate in my opinion as I honestly do not think prem can last another failed miss on production run and rate.

I do hope I’m wrong. If you think that RNS is good then go back to the last few failed occasions when production was restarted after another fix was prescribed

Acker it’s June with a plant running ore through it operating 24/7 a new floatation circuit added with engineers on sight. Q3 or Q4 are you off your head it has to be now surely. If another piece of equipment is stated to be needed it is obvious they don’t know what they are doing come on its time and time again. I just don’t see it working

An RNS should that was needed today should have read on the lines of SC4 is being continuously produced and with further balancing of reagent and slight refining of the circuits we expect to be producing SC5-6. Not what has just been communicated. Terrible

I don’t think a stockbox interview is likely either as even Mark who has visited Zulu must be questioning the integrity of the management and point of doing one .

I’m admitting defeat in my investment in Prem I do not see anything other than the company failing at Zulu and going under

for the new investors on here this is how i see this going.

the next update will be that the plant does produce spodumene but below sc5 the new floatation plant operates but the reagent or something similar needs to fine tuned or changed. the can gets kicked down the road a bit further let’s say september or october

another call for shares will happen and the only people out of pocket will be shareholders as this company are totally incompetent

if the internal lab has determined spodumene present then they know at what grade. the plant is not as complicated as before so the reagent rates being adjust to refine the process can be done quickly i am assuming the plant is running 24hrs a day. with balancing phs and adjusting reagent they surely would be able to determine improvements.

i for one think the last two rnss have been pathetic and lack any actual new information. straight out of the gr book of bull****

Markets doesn’t seem to like the RNS

It so echoes a GR RNS if you are floating over product they know the quality. Admittedly they need to maximise production and so that may effect grade to a point but they know at this point what the grade of spodumene being produced. I personally believe GH I a better MD but feel Prem is rotten to its core. It’s inexcusable if the plant does not work. Other companies in that area can get plants to work why not Prem that’s what you have to ask yourself

Anyone seen or heard from Snowking and his 0.05 prediction

This stinks of familiarity

Before we get ahead of ourselves just want to remind those new to Prem that this mirrors exactly what we seen last time. Brief social media footage with what looked very positive. Then nothing regarding an RNS for around two weeks. Then the disaster news of the plant not essentially working. Until an RNS is release stating production of sc5-6 I would proceed with caution. Prem has a never produced anything saleable in their history. We all hope this is about to change. I would love to see it but when you have been burnt multiple times by GRs lies it’s difficult to trust the company that once let that happen

Snowking if this get to 0.05 this week I will be gob smacked

Surely if they are Floating over product they must know what the concentration is? I realise that they need to maintain stable production but surely an RNS has to get released soon whether that is good or bad. I am pretty sure the commissioning period lasted a fortnight last time

Yury where are you getting this information from?

i’m taking that asher7 hasn’t been here long. so just to remind you

gh has bought a flot unit that we are hoping makes a **** poor plant work. a plant so poor at meeting the processing requirements for the ore at zulu we have had to have multiple changes and pieces of equipment added. a reminder that there is a plant not far from zulu who **** roach told us can process zulu ore and produce saleable product to show you the extent of how badly prem done in selected the original plant and the chosen manufacturer.

it was very suspect on how they were selected the original supplier considering it was chinese money paying for it? was it the cheapest quote they went with it or was there something more to that deal who knows. it’s in the past

the comparisons to what gh and gr achieved are similar unless the new float circuit works.

gh has added yet another piece of equipment called for another review of the existing plant and walk down. and has raised regularly. who was here when gr said this will be the last raise. that worked out well.

prem is just like a monopoly board every time you pass go it’s another raise. snowking and others that thinks this will multi bag are delusional. even if good news does come you have to factor in continuous running costs. pay back of grs loan and obviously the accumulated debt. this is just my honest opinion. i see it as 85% failure 15% success. we would need huge market confidence and not just confirmation of saleable product but more funding from canmax or another source to achieve what snowking is suggesting. but hey let’s have another completion on what the sp will be next week that’s a good use of people’s time

Reading some of the posts. We all need to realise if this float cell doesn’t work then the plant will never work and Prem is done. Remember this is no where near the first modification to a plant that has never produced anything saleable.

GR and the original manufacturer are responsible for that I actually. But we are not going there. I actually posed to one of the plant manufacturers on Linked In that he lead us shareholders do believe the plant worked and called him corrupt. It was one of the guys that appeared on one of the stockbox videos with George. He never replied to my accusation.

I would like to agree with Snowking that if positive news come in the next two weeks then the sp should increase but when the sp moved last time it was explosive but that was on run of nothing but good news funding from Canmax and then plant construction. With the tip being the stockbox site visit to George stating that white material loading into bags was saleable product. And we know what then happened.

I hope for everyone this comes good including my investment but I would tread with caution. Communication is not forthcoming but not sure what to make of that. GH seems genuine company to c@ck Roach but it’s simple. Plant works then all out fortunes change for the better. If it doesn’t then we lose all we have invested

(Expected) what a stupid comment. Based on what. The last 5-6 times when modifications were needed and didn’t work.

When there is prolonged non communication between prem and shareholders it usually means something negative. Just going on the past. Hopefully this is not the case but it’s prem

I think we all would be happy if we knew the plant with the recent modifications could produce SC5-6

One thing that is disappointing is the lack of communication via X. GH did say this would be used to keep shareholders up to date. Last photo of a guy standing next to a section of pipe is pretty poor from 10 days ago.

Considering we are in the commissioning phase

Anyone heard from these two today now the share price is heading down. 🤡

Don’t forget Acker let’s not forget what a great job they are doing at Zulu/Prem……still rinsing Shareholders time and time again

Jag is 100% correct