Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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If I was a ramping like Xulu, I am sure I wouldn't be labelled a Troll. Where is he now by the way? Unfortunately, the only news which eminate from PREM is always bad news. But we can all hope that for once the pending news will be good, and that I won't expire from having to wait for it to be released.
Spoken like a true keyboard warrior / Internet troll... Not all heroes wear capes!!
That be word, not work.
Thom, I am doing something useful with my time. I am posting here and getting up your nostrils by the look of it. The work Shambolic comes to mind when I think of PREM.
Re wally..1987 no mate don’t forget the man himself was not exposed at that time ,also there were many pumpers,an sentiment was very high an things were imminent according to the CEO.
Thanks for the name calling guys. I think I have endeavour to remain courteous to my fellow investors in my post, and it's not out of place to expect the same. To answer your question, if GR had praise worthy accomplishments, I would be the 1st to sing his praise as I have done in recognition of NvS over at ARCM who has consistently delivered as promised. Instead, we are left with a litany of mistakes, and failures. I will continue to call it out until this fold, or come good. Ineptitude should not go unnoticed. Why is PREM the only lithium miner in Zimbabwe sitting around doing nothing for 7 months? God knows that enough cash was raised to progress matters much further along than where they are now. But heh, that's all because of my posts why no progress has been made and the stock suspended.
Was,not the spike at all ,
GR miss leaded his share holders once again with RHA ,an then bought TCT of one of his pals,followed by Darwin ,we was gaining momentum reach noth of 1p.
Public forum.do me a favour. What do you think the private gang is ...It’s a public Forum full of yes men.
China, you well know that the signing of any changes to the NIEEF deal has to be done by the Zimbabwe government. GR can't sign this.
GR has a history of financial support to the company by way of a loan. This is not unusual,
Accounts and accountability.....thats a harder question to answer.
I’m afraid I can’t divulge info shared in a private group on a public forum and break trust but be sure things are moving forward. I’m sure you understand. Good luck. SL
Thanks Silver, you are such a expert Trader I cannot understand why you are here pontificating on PREM! Have you contacted GR? Has he provided satisfactory answers to you why the accounts are late? Why after 7 months he has not been able to resolve RHA ownership? What has he done with all of the cash which he has raised from the numerous placements? Why has been unable to provide the market update which he promised? Why was he not able to obtain a loan, rather than secure the ARCM shares to himself? If you have, please share his responses. Cheers, CB
China, I’m going to guess from your anger that IF you hold you bought on the spike in the summer around 80-90. I’m not at all angry thanks, perfectly happy with my investment at a very low average. The worst kind of posters are those in on a spike.. you bought the shares at that price so it’s your bad investment descison, live with it and stop blaming the company. And ps even at that price you will still make money in the medium term so go get a hobby for a few months and stop taking your anger out here. You might even try some anger management classes or a therapist the state you seem to be in. Good day to you Sir. SL
China But if it is a goner why are you even wasting your time posting. No need, hey! Think about it for a second
CB you have gone from someone that was optimistic to someone that's very pessimistic... not Knocking you, but your time scales are out of sink with your investment.
China Your either invested here and if so you wouldn’t be trashing your investment all day, or your not and I don’t get why you are here. Same old story from you guys. I’ve been invested here for a good few years and I believe in the company, that’s not ramping its believing in my investment!! And by the way there is no point when it’s suspended talking either up or down so you might as well not waste your time!!! SL
Name calling, the last resort of the intolerant. Don't worry, I will be here to see the outcome of GR strong leadership.
China, which 'ramping group' is this then? How can you say to people 'Don't attack my opinion' when that is all you do to others? You are nothing but a bitter hypocrite and I pity you for the way you live your life in your angry greenhouse.
Please Silver, join the ramping group and stay away from this MB if you are so intolerant of folks who think the opposite of you. All is well with PREM, it's OK to sit around doing nothing for 7 months, doing the occasional placement to pay salary for doing nothing, and to top it off, made sure that whatever happens the ARCM shares will remain with the Chief Equity Obliterate.
Micro - he lent the money to pay his own wages! Hardly a positive.
I agree Microtan and when he moved the loan agreement to November it said to me GR intended to stay suspended until after the date of the original agreement and that also happens to be the date for the Zim general election.
I see the trolling hasn’t stopped in my absence. Ridiculous china, Most aim companies don’t have funds for a year, that’s what aim is for raising funds. News incoming very soon. Over and out for another 6 months or until LsE do something about this and save the reputation of their site, I’ve asked them many times to shut this page down but it’s falling on deaf ears, private groups the way to go where people actually know what they are talking about and are actual investors. No doubt this post will be removed. SL
addicknt...you are spot on and having been CFO and NED of a number of companies both in the UK and overseas this is exactly what the auditors will be asking and will be looking carefully at carrying value of assets and cash requirements and funding thereof for the next 12 months. I expect to see impairment charges and qualification of the Financial Statements re going concern.
I'm assuming they're dragging their feet whilst waiting to get rha signed off before relisting, probably a good thing as we'd be heading towards 0.1 if we were listed and still waiting on news... The market rightly has zero faith in GR performing based on past track record, i think this will be relisted though, GR could still pull it off. Still worth a punt...
Exactly and the Zimbabwean government will not allow to that to happen - far too much invested, at every level GLA
100% agree with you Addicknt. I made a statment on Twitter regarding PREM being likely to fail the Going Concern Test and I got slated by Sharedycat and the other GR Acolytes. GR has used the impairment of asset at Agriminco which was subsequently followed by the company failing the Going Concern Test. As much as I'd like to give him the benefit of the doubt, I think we are looking at a replay of that strategy here. It shouldnt take weeks to sort out the accounts with PREM providing full support to the Auditor. Are things so bad that Auditor require months to finalize the accounts?
The issue is not about the impairment charge of itself, that is easily and quickly adjusted in the accounts, this is all about the 'Going Concern' statement.
An auditor needs to be able to state that the company has sufficient cash for the next 12 months. It is absolutely clear that we don't. Therefore, the accounts cannot be signed-off without qualification.
Failure to submit accounts will ultimately lead to the company being de-listed, but of more significance is the fact that the business will go bust before that happens.
As I said in my original post, the impairment is, in my opinion, a smokescreen. Behind the scenes there will be a frantic battle going on to raise more cash to allow the accounts to be signed-off.
This is the reality, whether we like it or not.