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Let’s see a breakout from this range. MMs need ti let if go at some point with all these buys.
Hit the market today. Onwards and upwards next week. With GR knowing whether he will have a shipment for the end of the month tomorrow.
Dear Tweedle Dum and Tweedle Dee.
If you find the morning spod price report annoying, just press the filter button.
Acker
Most basic data screens provide all prices, constantly.
There's no need to tell us it hasn't changed - at 05.30!
Bounty - were you interested when Spodumene price was sub 900?
🥱
No movement.
$1133
Acker
Dykee, what I buy and sell is my business and whilst I'd love to share my philosophy with you it could be construed as providing financial advice which is something I'm not qualified to do. I've done very well out of trading PREM as could anyone that can see it for what it is. Right now as I see it it's not even worth a potential trade, it is for me an uninvestable proposition, not even for a trade. The placing shares have yet to be admitted and whilst they're most likely forward sold, I suspect that the SP will drop down towards 0.15 over the coming sessions. There's far too much uncertainty around what the placing money is being used for and no confirmation as yet wrt the payment to Goddards, who imho will not be willing to accept a share payment at 0.26 (a circa 40% premium to current price), then there's the China Zenith payment still outstanding and George's loan still outstanding. There needs to be some visibility on these along with definitive progress on the larger issues at Zulu: Sorters, Sensors, Control units etc before I'd even consider investing any more money here.
These larger issues tell me that there will not be any production of SC6 this month or indeed next month, at the very best it will be mid June and it won't be 1000 tonnes. I doubt that will even happen but remain open minded. The company financial position is precarious, with the above debts and current "known" cash burn the recent raises will fund the company for maybe 5 or 6 weeks at best. Its a downward spiral towards either another EGM for more headroom or losing Zulu to Canmax, neither scenario is good for shareholders who will be pretty much wiped out and holding onto the hope of a Circum or Mutare carrot after George has diluted them even further to keep the lights on.
Because the Canmax offer was on the table for immediate funding and this way the project could be fast-tracked to get us into production ASAP (in theory!).
Normally a DFS is needed in order to secure funding, to build the plant.
So maybe you look like a c0ck for not asking the right question.
Dykee I will add that I've answered the question you've asked rather than the question I suspect you thought you asked.
Dykee
I will cough--thank you.
Acker
I'm on leave for the next 2 weeks so more than happy to spend some time keeping things more realistic
Even though nobody knows what GR/Canmax will do next - the keyboard warriors will be here tomorrow, early.
Spod prices etc. - and repeating what they said last week, and dreaming. Doesn't anyone have to work anymore?
😗
Over the last 3 months I've probably done around 150 buys and sells give or take
Dykee - pretty much the same amount as GR’s missed deadlines and broken promises. So about 14.
Jaglith , raaydar,snowking , acker
Simple ,straight forward answer to a very simple question
And no politiction avoiding the question ,exactly how many buys and sells have you done ,individually in the last 3 months
Give us ,followers , a drink from the money font!!!
Put your cards out there and give us mere mortals an insight into your insight ,or as most beleive you w4nk1ng us off to line you pockets.
Please make me look like a c0ck but put your money where you mouths are or cough
Cutting corners as normal GR know best … say no more
Ricky, who would do a JV with PREM when there's no money in it for them, one look at the books, the prepayment and offtake agreements and they'd run for the hills.
I only laugh when I read your posts, for they are most certainly laughable
Ricky - George also doesn't know where there high-concentration ore is. all that drilling and he has to buy by truck load from a guy who is using hand-held hammers to mine it.
Jaglith - impossible to tell from a series of holes, however many you make. All very dependent on what part of the Ore you are currently taking.
Ricky - Why would anyone JV with a company that has very poorly managed their drilling campaign. George didn't even know how much mica was in the ore body.
Raydaar, do you believe what you type or do you laugh as you do it?
I can't for one moment believe that you can't see Prem getting a JV regardless of debt/assets/cash flow. Companies will line the streets to get a part of this.
The EV revolution is coming whether or not you and the other 119 brigade believe in it or not.
Ricky
Snowking and his buddies need to start buying soon. or did George already tell them about the next placing?
Ricky, there'll be no JV, when GR can't get Zulu into production by the end of Q2 when he's completely out of cash and headroom, then Canmax will show their hand and make a play for Zulu, most likely get the whole lot in lieu of all the debts owed to them. PREM then left with nothing that's revenue generating and that as they say will be that for the company.