Member Info for Shark41

The SP wont do much untill future Prem finance is locked down. There's still too much uncertainty. Hopefully if it stays above .3 that will be something.

@Ralladw2

Re your response to Daz, yes it is obvious that everyone is in it for themselves and to make money but I think you might be missing the point.

If you're creating a self fulfilling prophecy by saying share price will hit x or will drop to y in a amount of time, and you say that to a large amount of YouTube followers then it's likely you're in breach of MAR (Market Abuse regulations.) Especially if you're doing that in coordinated approach with other influencers on multiple platforms.

Also alot of The Telegram group could be deemed as insiders because of their direct contact with GR and other people who work in/closely with PREM. Snowking for instance.

Its obvious who you are btw (not sure if you care) but if you do, your comments about "Fair Value" were a dead giveaway.

Pls ignore the random sentence that may appear below, my screen has locked on here so cant scroll down to delete it.

Also, there are certain people on the Telegram Group that might be

@Martinigirl

I found it concerning that there was no mention of financing in the RNS and when briefly hit upon in the interview it was quickly brushed over.

I am feeling slightly more optimistic (onus on the word "slightly") but until they start production and the longterm financial stability of the business is secured (even at a basic level) it's still extremely risky.

Is a 19year life of mine decent in this industry? Maybe I'm being foolish in my expectations but was kinda hoping for atleast 25-30yrs.

This latest video by Biztech on trading psychology....

https://youtu.be/Yy4wjXA7ifk?si=h2m-nYz0BWB6TJDV

@raaydaar

I think your summation of the situation is pretty spot on.

At the end of the day, you either believe in the longterm prospects of a company or you don't.

Snowking telling everyone "if you're not in now you've missed the boat" is tantamount to timeshare salesmen or You Tube "influencers" saying buy my product now the price is about to go up. Anyone who puts a time restraint on buying anything is a conman. It's a well proven technique to sell things they want to get rid of.

None of us really know what will happen with Prem, you either believe in the future of the business or you dont. As long as you dont invest more than you can afford to lose...

@cloudwatcher

How do we know that? Why would they not have a crane there?...

@swingman

As @blahblahdoh states, the CEO hasnt been sacked. He will become the chair of the groups charity arm. I understand he is very passionate about that and the company undertake many projects to support local communities.

@Elliselblow

Thanks 👍...🤞 for next week.

Positive to see the mill is on the way to Zulu 👍

Love how the lorry transporting is called "Abnormal" 🤣

Does anyone know when its expected to arrive?

@Martinigirl

Agree! I have a slither of hope that the picture of the mill that surfaced over the weekend was actually our mill and not a random mill! It's odd they didnt include it in the RNS..but it's not material information so they're not obliged to comment I guess.

GR has already got his excuses ready to blame the contractors..the wording of this RNS has laid the groundwork for that.

Anyway..we shall see 🤞

@Jono

None of us can predict the future but probably best to think interms of pennies rather than pounds at this stage 1p, 2p, 3p would be reasonable if things progress as they should.

Bit early to expect sp to reach £GBP figures at this stage...currently I'm estimating .6 as reasonable projection.

@Horult

Please elaborate...which posts, which user?

@Ricky

Nice try but that wasn't what I said.

@Elliselblow

Nice one..that link is really useful 👍

@clueless

No dude...I'm not going anywhere. I have an amount invested in this stock . I want it to succeed but unlike some names on here I'm realistic with what's going on. I'm not a rose tinted, glasses wearing buffoon who only sees unicorns and rainbows or burys my head in the sand when things get bad....

@Elliselblow

I appear to have touched a nerve!

We'll see on Monday if the mill exists or not. I'm basing my assumption on GRs /Prems past behaviour.....

Good Morning Everyone!

It's great to see you've all been getting along this week. 😂

It's not looking good with the Mill situation is it...but I will of course reserve judgement untill Monday! In his most recent interview GR made the comment "as far as I know" when referring to the manufacturing of the mill being complete and it being ready for installation at Zulu. He gave the impression that it just had to be "factory tested"...we shall see next week if he was true to his word. However, past experience of his use of language (like..."as far as I'm awsre" and " I've been told/led to believe") usually means further delays are imminent.

Just my opinion obviously but I feel like the poers that be want the Shareprice to be .20 before they do another placing. All the "influencers" seem to be recently pointing to that level.

It's worrying to hear that people are risking inheritance and taking out loans to invest in Prem. This position is high risk and people should not be investing money they can't afford to lose. It's even more worrying that they are being applauded and encouraged to do so. However, it doesn't change the fact that individuals must be held responsible for their own actions when it comes to investing their own money.

Will be an interesting week...unfortunately I think further drop in sp is likely. If the mill was on target, I think we would have seen PR pictures yesterday.

@Wullie

Haha! I'm in an airport waiting for my flight hence nothing better to do 😂. I do have a beer in hand though 🍻.

I'm holding at the moment, all depends on what happens in the coming weeks as to whether I stick or sell.

Have a good weekend mate and good luck if you're still invested 👍

@PM01

Firstly, I'm sure the discussion board appreciates the level of detail you've gone into interms of explaining the meaning of CIF, and also the different delivery basis terms. It's important that everyone understands that.

The point I was trying to make (albeit rather inarticulately) is that you have load port figures and discharge port figures. They never match. He's selling his quantity of cargo on a delivered basis(ie when it gets to the again port on China) when it would be much better to sell on a loaded figures basis. Alot can happen during a voyage, containers can go missing etc etc. If he sends 100 tonnes (figure just for this example) and the reciever says you've only sent us 80tonnes then he's lost 20%. Camax are only going to pay for the recieved product that is on spec.

Is he chartering a whole ship or is he doing a space charter (a few containers a month).

How is he getting the product to the load port in Africa? Freight trains, trucks? Will he need cargo expeditiors? What port is he shipping out of in Africa? Will he outsource this function? Or is he going he going to create an in house department to take care of this? Will he rent or buy the cargo containers? What voyage route is the ship taking? These factors will determine the cost...he's not providing any clarity on this.

To be fair as Pingu said, this isnt top of the priority list at the moment but questions need to be asked about this aspect in the future because it will chip away at the profits.

I'm not sure why you're mentioning Brexit as the cargo is being shipped from Africa to China? But acknowledge it may have affected global operations./terminology. I realise that the end product might may end up in Europe and UK (perhaps this is why you're mentioning) but I'm pretty sure that once it gets refined in china (presuming the batteries are being made in china also) I think it will be deemed as a brand new product with stated origin as China (ie it's not prems problem its canmax's)

@Pingu

Fair point, financing and production are obviously the main concerns at this point in time. However, something to bear in mind for the future (if we get past production 😬)