Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi guys can anything be said tonight from gr that would need to be in a rns otherwise with it being out off trading hours?
Just trying to assess the situation here as sold out at break even on the last big drop and thought the sp might have dropped further but its held, so I'm tempted to rebuy today hoping food news could be presented tonight.
Gl all holders atb york
Looks like a full house tonight!
Going to be interesting
Snowking - don't take that most recent rant as my current sentiment towards PREM. I do believe we're on the cusp of a major re-rating. GR still needs to step aside and bring in other people BUT the tipping point is almost here.
Steward,
I do agree that for us long term holders it has been bad and you are correct to highlight past and some present issues . I do hope we have changed
Chuggley/Snowking - you're just inviting me to highlight the issues here. And I guess that it's important to point out that you're pointing to things GR said back in the Spring when he was full of optimism!
Let's look at the timescale as an example.... End of March - GR said that the DFS had been "initiated" and that the drilling camp would be operational by the end of April - it didn't happen in that timescale... nowhere near! Is that because the start was delayed or was it because there was some delay once started or both? There have been delays in both getting the rigs on site and setting up the test lab and, here we are, over 7 months since the EPO was granted with only one hole's tests results published. Yes, he should RNS delays but point to the RNS where he clearly states a delay.
It simply isn't clear what scope the DFS has and, therefore (even a bad project manager can tell you this), the cost is unclear. GR just needs to come clean - something that he has failed to do in all the time that I've been here.
Snowking - you must remember that many holders didn't invest at the start of this year. They invested years ago and have seen the sp plummet and the number of shares in issue multiply. Not only that, they have seen money raised for one purpose being used for another purpose (Circum)... at best, this is misleading... they have seen money invested in projects disappear with little hope of it being returned (MNH) and a disastrous decision to close down operations at its only project, at that time, with any hope of providing income (RHA). If you're suggesting at all that GR is an exemplar in delivery and communication then you're plain wrong! He is way out of his league!
And he does give an dfs completion Q3 22
https://linksharing.samsungcloud.com/6EHVoVE89Wkm
9 mins on. Budget given and confirms 14 months ... no doesn't give target end date. But I'll look for that as he does in one of the interview
He doesn't say if the 14 months includes time to spin dfs up. So may allow for itv
https://youtu.be/UkXqMQC09t8
Rns setting out timeline https://www.lse.co.uk/rns/PREM/grant-of-exclusive-prospecting-order-zulu-lithium-sljfqlfpmzy2zoc.html
Followed by another rns stating timeline ratified by bara
If it has changed it requires rns.
Imo there will possibly be a delay unless he brings another option to the table. But I ll wait see what he says today. I think it will be positive
Steward , why would this become an abusive meeting .
Shares are up 400% this year , Epo granted this year , excellent first drill hole results . George clearly said DFS will be completed 2022Q3 . What planet are some of you on . There is a clear description in interviews and rns of what is going on . Some of you on here need to do some research . You believe dfs is not on track , no evidence for that . Some say are we drilling Epo . No see the interview . George has flown here to tell you about the plans , so stop moaning .
What we want to here is what interest has he had for off takers and Jv . How does he plan to complete the dfs , does he continue to go alone or go for a partner .
Last time George presented he came over very well . So give him a chance tonight to explain
Steward in one of gr presentations he gives a completion date estimate which I think was may or June next year. Nothing to do with getting a grip mate I'm just repeating what he said. I think it was in a stockbox. He's already given a cost estimate too. Again if either changed he would he required to rns.
Over all, I too remain positive.
Johnny - compared to his last visit to London, I think shareholders are much, much more clued up so I'm hopeful that the right questions will be asked... whether the complete answers will or can be given is a different matter. There was an infamous video call that GR held where he just got abuse and I hope that it doesn't go down that route.
Whilst I can criticise old GR, I am optimistic that this will turn very good for us all... who knows, tomorrow might be another big step in the right direction.
Wish I knew how to trade too Steward. In the last 7 months we could have had a tidy profit I suspect, rather than unbelievably worse than treading water. As I've said before, I may dabble for the first time with a small percentage of my shares when the next placing comes along.
I've always seen your posts as realistically positive rather than living in cloud cuckoo land.
I'm still hoping to go tomorrow and if I do, I'll also be looking for answers to many of the questions a number of people on here have. But I think it will need to last a few hours to get all the questions answered! So prioritising will be necessary. I live nearby, so can decide late on, but need to squirm out of another commitment.
I will be in Bham for work tomorrow so won't be able to join.
@Bickmaster, a few weeks ago you posted a great list of outstanding items/tasks, would be awesome if you asked about any of those.
Look forward to reading about what was said and asked, thanks to those able to make the effort!
Wish I could trade Johnny - thought I was being positive!
You're so negative Steward. Why aren't you toeing the party line, like Chuggers, Snowking, Degrasse et al? You can only be a trader with such negativity.
Bick, just make sure you give him a good drilling!!
I have work commitments and can't attend.
Wolf
Excellent Bick, clarity from Prem is what we want, not this shape shifting rubbish that Chuggley seems to think is so wonderful. Hope it all goes well.
Shiny,
I will have a few questions ready about the EPO, as well as other matters.
Bickmaster
Wow Chuggley... I'm flabbergasted by that post. No-one, including you, can say when the DFS started and when it is due to finish. No-one can say whether the DFS will cover just the pre-EPO area, the post-EPO area or both. The previously quoted cost was quoted way before any EPO grant so we can only assume that the quoted cost is for the pre-EPO area... or is it? No-one knows!!!!!!!!
If folks are going along to the meeting tomorrow with old Chugger's attitude, it'll be a good ole back-slapping time and who knows, GR will be welcomed as a hero and lifted aloft on Chugger's and Snowking's shoulders.
Get a grip Chuggley!
To be honest he gave a Timescale..... he gave a cost
He also said if it changes he'll announce it
So currently he clearly believe both could be achieved.....
Personally wouldn't be surprised at an overun on a project this size but. . .
If anyone has a mind to ask a few questions of GR tomorrow, I wonder if someone might ask about the thorny issues of the lack of any indication of timescale for DFS, the projected cost of DFS and the lack of information about progress? As Steward1 has said, the haphazard way that GR is operating and the lack of comms, gives the impression to outsiders that he is winging it.