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Watcher - I doubt if there'll be an RNS until GR gets approval for the headroom and then it will be about the next dilution.

Acker,
I think you've got a point because the previous DFS figure was based on the pre-EPO area. I confess to being ignorant about this but I would have thought that a DFS on a much bigger area would have a different price on it. It's got me wondering whether the DFS will tell the whole story!
on the point of why the interview yesterday... the sp has plummeted since the EPO announcement and I think is well below the level GR was expecting at this point. In particular, I think he has hoped that the sp would rise with the announcements and videos but it is staying stubbornly low. One might have expected GR to have indicated what the 5 billion is for - hopefully. he does know BUT whatever it is for, the sp might now be at a level where that 5 billion over 2 years might be inadequate now. I reckon that there's a good chance that he might come back to request more headroom in time. The price of this impending dilution is key and I think it's going to be well below GR's expectations of even a few weeks ago... hence the reason for another video from GR which doesn't give us the info that we want or need.
And on the point of MNH and us being in the dark about it... you would hope that we would have a definitive answer at tomorrow's AGM... the fact that we're not being told anything now suggests that there's bad news... is he withholding an update until after this 1st dilution?
Again, this all points to the fact that GR is the wrong person to be running this show.
AIMHO

There won't be any rabbit out of a hat, Hairy, I'm afraid. GR is going to dilute and the question is by how much and who does he allow to participate.
As for the interview - in addition to analysing what was said and what wasn't, one must always consider the timing... a couple of days before a dilution ... it was clearly intended to try and raise the sp (desperation?) ... unfortunately, the market didn't like it... one thing is that GR didn't give an update on drilling ... we're almost 7 weeks after the start of setting up the drilling camp but there's no clear update... I'm pretty sure that it's late.
The other thing is that we're all still in the dark about MNH, RHA, etc - I'm sure he said that he was working on a comprehensive update... no sign of it! Maybe, he's only shared it with SK!
I might share another thought tomorrow about why GR was doing another interview so soon after the last one.

Very specific to be a rumour???
It seems that either someone is feeding false info to Snowking or Prem is a real mess and can't even stick to a date for issuing an RNS!
And if it's the latter and someone is feeding info to SK then that would be insider trading, wouldn't it?

Spot on, Acker.
I used to argue that the Zulu asset would outweigh any of the poor management/performance of the other assets but here we are 3 years later.... deja vu... we've been here before!
Looking forward, those other assets will be a drag on PREM unless they can be turned around which doesn't look likely or got rid of.... a major risk is that GR's leadership results in missing the Lithium wave.

The likelihood of big investment news this week is almost zero... GR has set out his stall, he is going to dilute to get the DFS done. The question will be by how much and who gets to participate?
Friday afternoon AGM followed by news of the dilution after close of business...

Simply can't understand why anyone would be buying this week! The AGM is on Friday afternoon and GR is more than likely to get his 5 billion shares headroom. Later that afternoon or 1st thing on Monday, he'll take advantage of at least some of that headroom and dilute. That's reason 1 not to buy. Reason 2 is that we don't know what else is going to need cash -MNH? RHA? Katete? Some other madcap scheme? There has been a deafening silence on all these and, with GR, silences usually mean bad news!

If basing my thoughts on previous experience with GR is making things up then I'm happy to admit that. But we're all making things up, Snowking... like your comments last weekend that the last week was going to be a big news week (have you acknowledged that you made the wrong call yet?).
RHA has a very chequered past (has it ever contributed any income to PREM?) - I simply don't have the motivation to re-visit the mess that GR created with it but I seem to remember that some "modifications" were still required which GR confirmed recently... let's see what happens there... along with others, I'm simply not convinced that this should be resurrected.
I see your price expectations are lowered... downside to 0.15p... careful now, you might trigger a sell-off tomorrow! At least, we're in agreement that the sp hasn't bottomed out yet.

Glad to see that you're back, Snowking.
You challenged me earlier this week to acknowledge when I had made a wrong call. Back at you, mate, last weekend you said that this week was going to be a Big Week and there was going to be a finance deal announced?

Can't see this moving up until there is some positive news on what and how much is in the ground at Zulu - that is months away.
In the meantime, there is a dilution on its way for the DFS. I suspect that, if RHA is to get moving again, we will need to put up some cash for that as well.
A rough few months ahead.

Sorry Dr Jekyll, I can't be responsible for how you interpret my posts.

Dr Jekyll - I thought this was a big boy's game.

Is the issue that your depressed because of the posts or the reality of the situation?

Every unhappy holder (and there are many) have the opportunity to do something about GR with the upcoming AGM vote!

I should have added that I reckoned that the sp would get to 0.15 before dilution occurred and that the dilution price would be struck at 0.12... getting pretty close but in the context of a delay, the sp could drift further... check out a 1 month graph.

Snowking and co seem to have disappeared from here and that might suggest that they already know that there's not good news despite the posts at the weekend. They'll re-appear when there's something to shout about.

Watcher - I had money available to add but it's not going into PREM (yet?). I was waiting on GR's announcement on funding and I was very disappointed. I reckon that he'll spend the whole 5 billion long before the 2 years are up and, unfortunately, it won't be all on Zulu. I've advocated two fundamental things before - sell everything other than Zulu and, more importantly, GR should step aside. There's no update on drilling and, in my experience, that screams out that there's a delay and the delay probably means that there's no cash. Holding out for a miracle!

Chuggley - you've not been involved here for long and, if I remember correctly, you didn't look into the history of GR too much.

The position that we're in now is exactly the same position as we've been in previously... more than once! GR has said that they had cash to get the drilling going but here we are a couple of weeks after drilling should have started and there's no news. In the context, where there will be dilution, you might expect that GR will do anything to get things done and keep the sp up but, here we are, no update.
Here's what I think has happened, GR didn't have enough cash in the 1st place and has run out of cash before the drilling camp could be set up. He couldn't get a deal to fund it so the drilling company have downed tools. They've seen that GR needs to do a dilution so that they can be paid and they won't be paid until some time after the AGM. GR brought forward the announcement of the 5 billion shares from the 10th May because he was under pressure to get the drilling started.
Another example that he simply doesn't deliver.
On the overall timescale, in that interview, he asked for some latitude on the 14 months - that's GR's way of saying "We're already behind!" As for building some allowance for the rainy season, GR's MO is "on a wing and a prayer"!
And behind all this, he wants 5 billion shares - I admire your trust in that you think that he's not going to spend them all... he will!
GR needs to go!

Nothing happening "imminently" with Circum then... I'd be surprised if we see anything this year and, no doubt, GR will change his mind about selling our holding and dispersing the cash... he'll have a mine to build next year.

Check my history, Snowking... very happy to admit when I've made the wrong call.
And happy to admit that my logic on the 30% wasn't expressed correctly - try this, if the sp goes backwards, then he'll be looking for more than 5 billion shares and that would mean more than 30%.
And if you think that people are basing their investment decisions on my comments then, with all due respect, you're deluded... the reason for the 50% reduction is four fold.... the reality of PREM's position wasn't appreciated by many buyers (or perhaps, for traders, it was!), GR made the very poor misjudgement of mentioning that the board would use funds raised for MNH, there was no jv/off-take agreement announced and, lastly, there has been no reported progress on the drilling camp.
Given this critical period for the sp, why oh why has GR not confirmed that the drilling camp is now set up and drilling???
The sp will continue to be held back by GR's antics.
Tell me, would PREM be worth more or less if there was a credible CEO in charge?

Snowking - you know as well as I do that the % of dilution could be higher because it is dependant on price. If I know anything about PREM, it is that nothing is predictable or as it seems and a price increase for PREM isn't bankable. It really does depend on the DFS progress and results PLUS what happens with RHA (not guaranteed to give us any profit and that horrible word "modifications" was introduced last week) and MNH (why oh why do we not know whether this is providing funds for us - and if it's not, no doubt they'll be looking for some funds from us!) and, of course, with 5 billion new shares, GR might have some other madcap schemes to throw money at. In the context where RHA needs funds, MNH needs funds and the DFS doesn't give quite the results that we hope for and/or the DFS is delayed then the sp could go backwards and the 30% then becomes 40% or 50%!

GR should be tightly controlled - he should only get the headroom that he needs at that point in time. Give him what he needs now and when he's made progress and the sp has risen give him more. In the context where he comes back each time he needs headroom then I'd be happy with that approach. I'd have hoped that holders will have learnt that GR will use the headroom on whatever he chooses... REMEMBER, HE USED THE PREVIOUS DFS MONEY FOR SOMETHING ELSE!!!!

Ray-mondo - I'll keep calling out GR's poor, poor stewardship of PREM until he does the right thing.

So, not only does GR want 5 billion shares, he wants cash on top of that... same comment made before... what does he need the cash for?

Don't think that there's a finance deal to be announced now that GR is looking for agreement for 5 billion new shares - awaiting news on how and when he'll be spending the cash from this 30% dilution.
Maybe, there'll be something on RHA but this has got a very chequered history and the jury is out as to whether PREM can make a profit from it... time will tell!