Member Info for steward1

Yes, Welshy, there absolutely should be more results before the presentation... let's hope we hear about most of the rest of the holes done already. And let's hope he's got some more holes drilled waiting for testing.
I won't be in London because I'm based in Scotland but I do hope that he has a detailed presentation on the DFS so that we can understand the scope, the timescale and the cost. I also hope that he can offer some detail on what he is doing to recover some of the lost time.

Not sure why he has to come to London to present to the Chinese... but it seems a tad premature given where we're at with the DFS. I sincerely hope that he's not going to do a deal anytime soon. The potential for existing holders is huge and I don't want GR selling us short.
If I were the Chinese, I'd start buying up shares in PREM.

I've heard plenty of reports that contradict your opinion, Snowking , and, of course, I've been listening to and reading GR's communications for years!
His problem is that there's always an issue and he just doesn't give a credible or full explanation which instils confidence.
Anyway, given that the DFS is way, way behind, he just shouldn't be travelling to London.

I've not been to any previous meetings with GR but have previously seen the optimism of folks in anticipation of these meetings. Whilst SK says the previous one was superb, my understanding is that GR hasn't ever had anything helpful or new to say. He certainly won't answer any detailed questions about costs or timescales. I reckon he's needing his fix of London shopping and dining... I wonder who is paying for the trip?

Bick - good post... general summary is that the market doesn't trust GR and is disappointed in progress!

Thanks Snowking - I hope you're right.

The problem (again it is down to communication) is that GR hasn't publicly defined the scope of the DFS or the timetable or the cost. I guess for some (me included), the DFS scope, timescale and cost was for the pre-EPO area. If he is now saying he's doing the DFS for the pre and post-EPO areas in the same timescale and for the same cost then that would be a real positive to explain to folks.

If he doesn't have the bandwith to get the comms right (and I don't think he does), he needs to get someone on board to do it.

So Snowking - is GR actually doing a DFS for the original main zone or not?

GR confirmed that the lab was already commissioned and operational 2 weeks ago so it has taken some time to get one holes result!
I certainly was excited to see the higher grade when announced but the market reaction was very disappointing - it really does reinforce that the market is not impressed with progress. GR needs to do something to speed up the testing and the drilling. In fact, there's no point in speeding up the drilling if we can only test one drill hole every 2 weeks.
Is he going to RNS results for each hole separately? I hope that we see results every few days or every week.
PS Rather disappointed, Snowking, that you think that everyone who wasn't pleased with the RNS is simply ignorant... it would be great if big shareholders and the Pandora group listened to and did something about what the market is saying... get rid of GR!

Dr J - I think the guy sees himself as a bit of an investment guru... needs to add some insight to what he's saying rather than just repeating what is in RNS's and Twitter feeds. He also said that he didn't understand why there was a drop in the sp!!??!!

Spot on, Welshy... tomorrow is a new day!

Roxanne123 - that was 6 minutes of my life that I won't get back!

Profitbags - I'm glad that you're comfortable with progress but talking about patience after being here for only 8 months is irksome!

3rd rig should have been on site but has been delayed!

Delay, delay, delay!

Have to say that I'm perplexed that we've got results from outside the original resource zone - thought that we needed a DFS for the original resource zone to begin with.
Does GR have a plan?

Not so sure about that, Acker - I reckon that GR needs to raise funds very soon. The market didn't like the update - it exposes GR yet again and reinforces the point that he simply does not deliver. I had accommodated a delay in the DFS but didn't think that it would be delayed by as much as some had suggested. He now needs to raise at a lower level than he might have and the cost of the DFS (as we understand it) is going in one direction only. Not only that, he won't be brave enough to get extra drills in... GR has an uncanny ability to make a mess. Sp is heading back to the mid-teens, I think. AIMHO.

Well I certainly didn't expect that... should hear from GR later today... can he give any reassurance to the market?

Snowking & co - again, GR seems to have disappointed the market. When are you guys going to do something about him?

Highest grade is 2.16% which I believe is outstanding.

Wow!!!

Snowking - any valuation of Prem will undoubtedly take account of who is at the helm. Why is your group not taking action along with the other big shareholders?

Snowking - absolutely agree that the focus should be on the monster that is Zulu and, hopefully, very soon, we can sit smuggly at a much higher sp with less angst.
Unfortunately, GR's failure to publish any assay results yet (it was him who said imminently, wasn't it) is bringing the focus back to him and his historic failures and shenanigans. You might be frustrated that folks focus doesn't seem to be on the Zulu potential and PREM may be in a different world but GR seems to still be in his own wee world...no doubt, with any additional delay, we'll start filling the silence with theories of why there is such a delay... all negative I suspect. Given that he said "imminent" and it's way past "imminent", he needs to tell the market what is going on!
I'm afraid this most recent delay yet again raises the question of what major shareholders are doing about replacing GR - if he can't get a grip and give us sensible dates for publishing assay results from a lab which he says was commissioned a couple of weeks ago, what hope do we have that he is able to do anything else.

For any of us who have been here for the last 7 months or more, it is no surprise (albeit still disappointing) that GR simply doesn't deliver on time. I've factored that in on my expectations. It's OUR problem that he doesn't deliver because it holds the sp back and each fundraising becomes more expensive in terms of shares issued... not only that, because the sp is low, he won't take the steps that you might expect him to take to speed up the DFS and recover lost time. He's also very, very reluctant to accept that it's all running behind or that it's costing more... he is just the worst of CEO's and I simply can't understand why the big shareholders have allowed him to continue in post.
Nevertheless, my hope is that these results give a major boost to the sp and gives him some confidence to spend more and get more drills on site AND to bring in some good people who can get things moving and delivered... some action to get things back on track is absolutely essential!