An update from Premium Exploration
While at the recent Vancouver Investment Conference we had a chance to sit down with the new President and CEO of Premium Exploration, John Ryan.
The Korelin Economics Report does not accept any liability whatsoever for any loss arising from the use of this report or its contents. This site presents news and editorial opinion as strictly for informational purposes only. The Korelin Economics Report does not endorse or recommend buying or selling the securities or commodities mentioned in any form. Investors are encouraged to conduct their own research and get qualified professional help before making any investment decision.
Al Korelin owns no shares in Premium Exploration; Cory Fleck owns shares which he purchased in the open market and in private placement financings; Premium Exploration is currently not a sponsor of the Korelin Economics Report. This video was produced as a service to shareholders of Premium Exploration and it is not to be construed as investment advice and is not a solicitation to purchase shares or to sell shares. The information contained in this video is believed to be accurate and is based solely on the discussion provided by John Ryan, President of Premium Exploration. Premium Exploration paid The Korelin Economics Report $1,500 to produce this video.
What’s the cash in hand and the burn rate?
Key info from the “new” company.
The New management is apparently not sufficiently sophisticated or knowledgeable to realize that giving out warrants will lead to naked shorting and potentially the death of the company. I got a good impression of the management, but will not buy more shares in any company that ever hands out warrants. I realize companies often see this as a way to gain extra financing at little cost, but I have seen so many companies exploited and killed by naked shorting after warrants are handed out; that in a game where most companies fail, I believe it reduces my risk if I totally avoid those companies giving out warrants.
I can’t believe that AL would ever have this company this site after the way this company basically crapped all over shareholders in the past. new management big deal. Same old rip off story for JR miner investors.
What was that old English phrase about touching and bargepoles? Errrrrr….
Nevertheless it is big of Al anf kereport to describe precisely all transactione between Premium and kereport with regard to this video.
Look at the bright side. The new guys would HAVE to be better than the yo-yo (kindest words I could think of) who was the former head.
BIG AL,
I thank you for the update! A lot of money has been spent, and a lot of confusion on this project. I am a shareholder and will be along for the ride, but I thank you for giving Mr Ryan a chance to state his direction clearly the next 6 months will tell the story of success or failure. Seems like he is a team player.
A 10:1 reverse split is described as a bit of a share roll-back?
I am willing to accept the new management is much more competent that the previous bunch.