Big Al provides an update on Premium Exploration
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Hi Dan,
I think that the future of PEM lies in the hands of Del Steiner.
He works very hard and has been involved in this project, if I am not mistaken, for over 25 years.
Will be a very interesting next 3 months.
Big Al
What PEM NEEDS
Well a better known investor who buys worthless companies then funds them to a buy out is Lukas Lundin.His current baby is the mind numbing drill resulted company Newstrike Capital. You can for the time being beat Lukas at his own game and ride with him to buy out cheaper than him.He bought 800,000 shrs of NES @$3.10 a few months back. You can pick up share for about half that now and when the buy out comes make a greater return then him. Word is he will not sell NES for less than $10.With his ownership of 40% not one gets NES unless he agrees with the price(Nice to have him looking after our money)
Just aheads up to PEM investors…It nice if you have 2 horses in the Kentucky Derby at once.IMO Del should not drill unless he can get a deep pockted investor behind PEM.We might be better off not drilling this season and wait until the market risk on comes back in 2013.Some times it better to do nothing rather that blow the treasury on results were the market does not reward them any way.
James
But James, if PEM has such a good property it shouldn’t have any problem raising the funds. There are a lot of companies out there with less than PEM has and has no problem raising money. I disagree with you on waiting. Especially if gold and gold juniors take off this fall.
Timing in the JR spec business is very important.take SFF they posted the best drill intercepts on their project and the stock did nothing.Newstrike posted massive intercepts and the stock trades at near half of it 52 week high.Some companies like GQC are getting rewarded for drill reporting but many companies go unnoticed.In the case of PEM the funding is not there for a meaningful drill program.If PEM were to drill report great holes and the shares stay were they are then we run the risk of not being able to pay to keep the door open.if Del has been on this property for 25 yrs one more is not too long for us to wait.When we drill we want our reward in terms of market price.As you say a better market will do the tick but if you have one bullet to shoot a charging bear you better not miss.
James
Thanks for the segment, Al. Guess I thought Del would weigh in on your show. There was silence while the bcsc was scrutinizing the payed report by that unofficial gag order is off and I would really like to hear what Del has up his sleeve going forward. We are due for soil samples. And the ongoing Montana property possibilities sit and collect dust. This has been a very trying year and I know they work hard but…. But… I would like to see a game plan in place. Anyway, thanks again, I know you do your best to get the word out. Lynn
James, I still disagree. The time to act is now. They have had months to get a game plan in place, while waiting for the technical report. No more excuses. I hope Del is reading this message. I am ok as I just bought in; however the long standing shareholders deserve action…and now. All in my opinion.
Just to add to my above statement. I don’t think Del will sit and wait. I think he has a game plan and that PEM will move forward sooner rather than later.
There an old saying “don’t shoot until you the the whites of there eyes”.I think the drill season is now very short to do any kind of major job.The gold has been in the ground for millions of years a few more won’t matter.
Hi Big Al, thank you for providing the update on PEM. It seems there must be much more information that Del has and hopefully we will know soon. With the technical report now behind them, I believe Del really should provide it’s shareholders with an update as to the direction it will now take. One question for you Big Al is do you believe Del will quickly turn PEM around and are you as confident as you were before on the prospects for this little company? Thanks again for the update?