As a student of Oriel College Oxford, Andrew Monk needs no translation from the Latin. Shares in Premier African Minerals (PREM) are now, at 0.023p down 94% year to date. It all seemed so different a year ago.
Oh dear, oh dear as disgraced ex tipster Mike Walters used to write when another one of his disastrous share tips went wrong. For over at Premier African Minerals (PREM) a dream team of CEO George (Cock)Roach, London’s worst Nomad Roland fatty Cornish and its most conceited broker Andrew Monk, really have screwed things up.
Oh dear, oh dear. With a dream team of advisers including London’s worst Nomad, Mr. Roland “fatty” Cornish and three brokers including Oriel College Oxford’s finest, Mr. Andrew Monk, Premier African Minerals (PREM) has been an ongoing car crash. Six days ago it announced a placing and retail offer at 0.0275p, a 30% discount to the prevailing mid.. Today that funding has collapsed and so there will be no coke and hookers cash for the brokers and Premier looks screwed.
George (cock) Roach is not one to lad with bad news at Premier African Minerals (PREM). That is for the end. So we start with the good news from the Zulu Lithium and tantalum project. It seems that Enprotec, the supplier of the flotation plant, says that its kit is essentially up and running (at last) with final testing set to complete this week. And at that point we will know when operations can commence
Premier African Minerals (PREM) is running on vapours and facing legal action that could well blow it up and as such nobody will give it cash to pay the bills. And so it has no choice but to agree to an "unusual" loan from CEO George (Cock) Roach which will see him risk not a cent? Confused?
As Jonathan reminds me frequently, we 17.4 million xenophobes ( including my wife of Indian origin) were too stupid to understand the question of Brexit and so the only solution is to make us all vote again. George Cockroach, the boss of Premier African Minerals (PREM) has a similar view of his shareholders: the dumb fucks need to vote again.
Overuse of leverage can cause investors a lot of problems when they get things badly wrong, but an often unforeseen consequence of that is the knock-on effect that it can have on other shares as well.









