Constant failure to deliver9 Aug 2021 11:59
I've only been following / dipping in and out of Prem (openly admit I'm using this for trading currently) for about 6 months now but the failure to deliver on promises has astounded me. I'm also in Zephyr (long term hold) as their BOD and CEO are the complete opposite to Prem. Deliver clear updates and on time updates with complete clarity about the direction the company is heading. With PREM you get excuse after excuse....late to start the DFS, failure to order drill components on time (they're a mining company - this thing should be off critical path and risk mitigated), 2nd drill rig late, Covid card being played even though the world has learnt to cope/react with Covid in the last 18 months and now the actual testing setup isn't even on site as it's stuck in customs!! What next? Surely the excuse train is running low. Rainy season is not far away, what's the betting is starts earlier than anticipated? Hard to see the bright future this company could have with assets it's sat on with the leadership being shown week after week. It's a bit of a **** show and things will not improve until good old GR or whoever is to blame for the multiple ineptitudes is removed.