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RickyK, the value of the stuff in the ground is pretty much irrelevant at this stage. PREM currently have a debt of circa $47 million to Canmax which by the end of June will increase to $54 million and accrue interest at 12% pa. Canmax like long term shareholders have been extremely patient and forgiving of GR, however that patience has a finite limit which I can see with shareholders is fast approaching the limit and I imagine that Canmax are pretty much at the end of their limit. If Zulu cannot produce SC6 at 4k tonnes per month by the end of June then quite frankly Zulu as a project is done for and PREM as a company will struggle to survive, GR will need to raise significant funding to keep the lights on and its unlikely he'll get the support he needs with the remaining assets he has. Canmax will take Zulu in lieu of the debts owed and bring in their own people. GR will then rely on bringing RHA back into production and the forever dangling Circum carrot before eventually calling it a day and winding up the company, leaving shareholders penniless
RickyK.....current valuation of SC6 in ground 1.5 billion, current cost to extract it probably over 1.5 billion.
KOD will have problems I can assure you now
George is on track then! he's raised over 100 million over the past 8 years, and not only has not made any profit, he's made zero revenue!
Amazon never made a profit in its first 8 years and managed to raise more than $900 million during those years
Mmmh - sure this company has a value & a share price.. And if they sold their assets even no wthere would be an uplift in SP !
Mrbrian
You are wrong
Which company has been valued without revenues and profits!!
Name them please but don’t quote stockbrokers bullsh@ts and analysis of expectations.
You only put value on any company if they have produced revenues and profits.
Please stop your fanciful drivel.
If a bid was put in tomorrow, the NRS would surely be referenced,. Current valuation of SC6 in the ground valued at around 1.5 billion?
Fields have sold for 400m +, so I don't buy into revenues needed for a buy out.
Many a company gets a value without revenue or profit - brand/potential etc
You can’t value any company without revenues and profits.
We can speculate what we like!! Lol
Not sure if you are familiar with how a contract works, but in short, no. They won't seize the asset.
🤡 someone should warn KOD they missed the party
See this happening.... Cannot raise the funds to be viable, too many delays, and prices falling.
Too late to the party.
I'd say it's worth much closer to 0 than 0.6.
With the debt. The lack of any actual production and the lies. It's probably overvalued now.
Pure number out of the hat I guess.
Same as most comments on this board.
The august 15th RNS from last year is a good read. Prem already owe 35 million, and the you start to add all the subsequent missed delivery payments, 1.5 mil, 1.5 mil, 1.5 mil, 1.5 mil, 3 mil, 3 mil. so that 44 million owed to Canmax running at 12% interest. from June the the missed delivery payments increase to 4 mil. And if Canamx context the 200 million valuation due to the drop in lithium prices, PREM might have to hand over Zulu to Canmax in lieu of all the monies owed.
Mrbrian, what figures are you basing this on, revenue, debt, offtake, lithium price... or just pulled a number out of the hat?
This SP is so undervalued !! Should be at least 0.6p - hopefully rerate once production confirmed - at least a bagger or 2 from this position before end of Jun !! (Jun 24 GR !!)
Meanwhile KOD seem to be picking up speed,
come on GR, it's embarrassing .
Moving my profits from PXC back into here :)
I am hoping it’s not a case we are pleased to announce pipes valves in all good but the pumps can’t handle the flow back to drawing board and I think this maybe the picture for a while as more DESIGN inadequacies come to fruition, I’m sure I’m not the only one who is getting a wee bit sketchy with the silence
GLA
Everything Xed
Hopefully just a little longer to wait for some good news 🤞
The last 12 months have been frustrating to say the least but better days are surely ahead 👍
why would there be an rns?
are you seriously expecting in the space of a few days, having the plant running adequately for the first time, that they've had enough time to fully asses everything?
i'd say a few days of optimising (optimistic) then a few days (again optimistic) of plant running to work out detailed output levels, shipping dates etc.
then i'd expect an rns containing result of installations and possible future dates.
or it's ****ed. one of the two.
Calm down....this is mining ..a new one at that..not a happy meal ...