Member Info for stevenc72

Snowking, we can all play with numbers.

What makes you so sure GR can deliver what is right for shareholders here given his past performance?

...because we all know that he can't and never has delivered anything. A matter of public record.

337geez, under normal circumstances, I wholeheartedly agree that going it alone to prove up the asset (DFS) before sale makes perfect sense, as do Snowkings posts around this matter.

The concern I have with this approach is that there is an assumption that GR can actually deliver the DFS. If he could deliver, update that market with clear unambiguous progress and spend time focussing on DFS delivery instead of posting photos of himself on social media with bars of lithium on his head, then PREM would be in a truly great position and the sp would rise for the foreseeable future.

However, his track record indicates he might find the above difficult.

What we need is a partner who can deliver the value that is undoubtedly there because as it stands IMO going it alone would end in more abject failure.

I am hoping for a JV.

Sadly, I am expecting an EGM, consolidation and raise.

And we are then back to square one, with a CEO who IMO will simply not deliver the DFS in the next 14 months. By the time the lithium is out of the ground, it will be too late. The market oppotunity will have passed.

What would NOT be great would be notification of EGM, consolidation and placing.

However that is dressed up with positive sounding flowery wording.

Remember, the man has form.

Snowking,

The reason I would prefer an immediate JV is in the hope that whoever comes on board would keep GR in check and provide much needed competence to PREM.

I would happily sacrifice a large percentage of Zulu for this. I would rather have a smaller percentage of something than 100% of nothing.

IMO GR is simply incapable of delivery. He has a proven track record of this which simply cannot be ignored. It is not just us PIs that know of his history of non-delivery. Potential partners will too. They will not fall for his ambiguous statements and promises of this that and the other that never materialise.

If PREM go it alone, even just to complete the DFS, I see nothing but failure to deliver, again, and ultimately, no future JV as a result of this failure.

Let's see where we get to. It's not the assets that concern me. It never has been. There is real opportunity here. The question is, can it be delivered.

for myself and, I expect, many others.

I am hoping for a straight, clear, we are doing "this", by "this date", with "xyz".

The following words should not be contained in the RNS:
imminent
near term
opportunity
potential
upside potential
significant upside potential
evaluating
possible
anticipated
probable
maybe
assessing options
hunting lodge
limestone
optionality

Words that are allowed:
stepping down
retiring
joint venture

Iky786

Reads to me like two individuals who have a different opinion on Zulu, nothing more, nothing less. The Toro individual has a negative opinion (but does raise some good points/questions), the Stockwatch individual provides his or her opinion and points to professioanally reduced reports. The Toro individual then seems to capitulate and says it could happen. Just two individuals having a conversation IMO. They are probably both a little right and both a little wrong.

And that is one of my frustrations here. The information released by GR, even through formal communications does not give existing or future shareholders a clear, unambigous, understanding of where this company currently is or where is it heading. It never has done. It is always open to interpretation and guesswork. Everyone interprets and guesses differently and the "noise starts".

It's about time things changed.

That would be viewed as a positive IMO.

I don't care about the problems for GR. It's his job to manage those issues. He hasn't done.

I do care about the problems for PREM. Currently the biggest problem for PREM is GR. It is that simple IMO.

We await the next update. For many now, the content of that RNS will be the game changer, not the award of the EPO.

Jimmy, I don't think anyone has any questions here regarding the potential of the assets.

There are valid concerns/questions being raised regarding the intent and competence of management.

The next RNS needs to clearly spell out how this company is going forward. It cannot leave any room for interpretation. It has to include a definite statement regarding a JV/partnership IMO. We need people who can actually deliver. It has to be crystal clear.

If it is then great, value will start to be realised here and it may prove to be significant. If it isn't, it won't.

Neils, i will be waiting until the end of the month. I am not expexting anything positive. My average is less than yours and as I have said previously, I hold lots of shares. I am also fortunate in that it is money I can afford to lose.

There are some who are emotionally involved as you say. Its not my place to tell them what to do. I don't know their reasons for investing. I am simply expressing my opinion.

This company will not achieve what it should with GR at the helm. It really is as simple as that IMO.

I will repeat what I said yesterday, IMO GR just remaining in post is now adversely affecting this business and the progress it should make. Credibility is gone. The word toxic springs to mind. Even the most supportive of LTH are thinking of selling out.

Good luck for the weeks and months ahead.

I have said it before but will repeat it.

IMO, If an RNS was issued indicating GR was in anyway stepping aside/down this share price would be over 1p in a flash.

He is actually failing this company now simply by remaining in post.

Credibilty is beyond shot. It is simply not an investable company while he remains at the helm.

It is actually a real shame as the assets have superb potential.

Neils, GR has been making a 'quick buck' at shareholders expense for years. He needs to go.

Todays RNS was a complete own goal.

Aspenwood, IMO there will be an EGM called.

He will consolidate and then he will dilute.

It's his MO.

He has form.

What is it they say about leopards and spots?

Hugely disappointing RNS.

EUA have $2.7 billion proven and between $15 and $40 billion inferred/indicated and they are worth around £800 million.

GGP have no proven resources and around $20 billion inferred and worth around £800 million (they're currently drilling for more).

£800 million that would put the cat amongst the pidgeons! 4p per share.

* going it alone, not going it one

Iky,

If GR was to come out and say he was going it one, it would not be well received at all IMO.

Look at his track record of delivery. Has to be a JV, and not with any of his chums. We have been down that route before and achieved nothing.

Vesuvius tomorrow Acker?

LEAK?

Info/source or is it hearsay...?