The things is long long term Prem could be very good. Lets say 5 years plus, but it needs to navigate what is now make or break and it currently heavily weighted towards break. This could be worth 3000% or more than what its currently worth if Prem could just start turning enough profit from RHA to be self sustaining, thus attracting the interest of bigger boys who could help us develop ZULU for a share of the company. But this is now way down the road and no-one but no-one ever invests in AIM for a 10 year plus view. Anyone who says otherwise is deluding themselves. I don't know anyone who invests in an AIM company who doesn't expect to turn a significant profit within 6 to 12 months max. And when they do often ggreed takes over. Buts that's a different story altogether. All the best here. I hope you get significant positive news soon.
Yes the assets are great if you have the funds to develop them.
However I have learn't my lesson with PREM.
At just over a billion shares in issue I thought 2-3p would be revisited from my stake at 0.5-0.6p. Then over a couple of years GR bumps the share cap up to 7 billion. The high now would hit about 0.3-0.45p. Although Zulu is further proved, but has a long way to go.
A free carry could make this rocket, but the risk is to much using previous evidence.
The problem the folk over on LSE for the most part fail to understand is the company is in dire straits even with all the assets they have. There are many who say that Prem has no debts and so they are not in any immediate peril. But it is flawed thinking. Each month there are sizeable costs which need meeting. Without an income stream those costs are effectively debt that needs to be met through borrowing. Yes Prem doesn't go to the bank for the cash, but effectively they come to us, through dilution in order to meet costs. Zulu is potentially a fantastic prospect, but will need funds to prove up before it is worth anything to us more than what we paid. Circum may land but its what, three years imminent. Who knows about that. So we keep diluting and Prem sp keeps falling to pay the bills and it will always be at a discount because the institution which gets the shares sure does not want to stick around. They want their 10%. So this is what I trade in here, because there is no value in being long in a business that is not turning over a penny in income let lone profit. RHA needs to produce with or without the NIEFF agreement of transferral of shares. NIEFF could drag this out for many months and Prem could go bust before that is settled so if there is to be any further dilution in the coming weeks it has to be for the purposes of finally getting RHA to turn a profit. I can't see us in existence in 2019 otherwise. I am very suspicious also that GR will fail to submit his accounts on time also taking us into suspension. Only this time indefinitely. A risky business is Prem right now.
How I wish LSE would let me post there so I could warn those that think rationally and not with their hearts.
Purely from a trading perspective, ie a quick trade. I can see a dip first thing Monday. If you can buy below .155p I myself would take a punt but would sell the moment it rises to .165p. Long term trades I can see nothing but a downward trajectory until at the very least RHA is back in production.
At what point would you see it as a buy?
My thoughts, from previous actions:-
Waiting for the AGM resolutions to appear and confirm my suspicions that the share ceiling will be raised to around 10B.
Use the increase to raise funds at 0.012/0.14p, GR to buy a stack, then the rocket to 0.3p with news of a JV @ Zulu/RHA. #we retain small stakes with free carry. Mcap £30m!!
Thats my son's purchase. I am training him. I cover all his commisions and times all purchases by 1000% to give him a sense of the trading game I operate in. If anyone here would be good enough to pass this on to lse I'd be obliged.
I used to feel angry at you for your incessant apologist attitude to George. Now I just feel sorry for you that with advancing age you must be ruing the years you've wasted investing here. Genuinely hope you make something back but I can say with some certainty that it won't be profit.
Fuad is the company stooge. The person sent out to fob off investors. Of course he will talk, of course he will be positive. That's his job, it's what he's paid for. Bit like the customer services agent at a complaints department for British Gas. He's not important, but exists to protect those that run the company from taking the flack.
The fact we haven't had any hostile bid from other companies is very revealing. That would suggest that even at the current MCAP potentially interested sharks are still dubious as to the value. Very concerning.
Admin won't let me post on LSE for reasons best known to them so if anyone from LSE looks in here, feel free to post on LSE
I was mocked and pilloried for suggesting George would use up the shares available to issue at the last raise. There is absolutely no doubt in my mind the share ceiling will be raised again an it will be used
Wow. Just found this post from 13/07/2016. Nearly two years ago. Anyone wanna post this up on lse for posterity
You LTHs over on LSE crack me up. There I was trying to forewarn you that profitability does not mean in profit if the terms BEFORE CAPEX and OPERATING COSTS are included in the sentence. There you were lambasting me, vilifying me, shouting down any reasoned arguments with the beating drum of, "1 week to profitability, rerate imminent, Sellers are mugs. Can't they see they are not to hold??" Blah blah blah.
Now those very same LTHs (Rampers, LegacySecure, ToyStory in particular) when faced with a growing concern over the sp are saying relax, why did you expect a rerate until we know our operating costs. we need firm figures, blah blah blah. the very thing you cussed me for saying. Now we are drifting and with cash running out, no sign of Circum sale any time soon and GR being forced to provide a guarantee to nervous stakeholders, who knows what's next. A placing to cover operating costs? Who knows, not I. But I wouldn't put it past GR, especially if the bank balance is sailing close to the wind at the very point where we can finally start producing. Make no mistake, if GR needs cash to make the final push into production he won't blink twice before making that decision. For the long term that would probably be the right decision but don't be surprised, if in a year's time some new LTHs will be saying relax, 0.5p imminent, conveniently forgetting that there are a new tranche of LLTHs not forgetting the LLLTHs who have now put these in the bottom draw or worse been wiped out financially on the promise of Jam tomorrow.
I did try to tell you. I did try to add balance. But the rampers won to the detriment of all. My condolences. It's a hold and pray from me.
For spotting the fake document. I guess we'll have a few more years of share cap raises and dilutions to fund CEO salary, care and maintenance and more useless acquisitions with good ol' George at the helm.
C'mon George prove me wrong. You owe it to the long term holders
Now microtan is trying to deflect away from the fact there is no Job advert out for CEO. Nice try Micro, but the rampers have egg on their face. Try posting some real news, that isn't either a) Fake news or b) Wishful thinking.
Bos-Eye posted a purported screen grab on Twitter claiming Prem are actively seeking a new CEO. A screen grab which can be found nowhere else, despite extensive searching on the Prem website. How is anyone supposed to apply for a job which can't be found. FAKE NEWS?
Prem LSE dead now too. The last bastion of the rampers brigade seem to have given up hope there. You know its bad when LSE posters can't think of anything positive to say. George worry so long as he has his salary coming in, courtesy of our investment.
We still haven't had notice of Annual General Meeting. Perhaps he's still lobbying majority shareholders on how much he can get away with raising the share cap. Let's hope he's not late with accounts again also.
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