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Wonder what made GR pick Stark to build this... clearly their product wasnt fit for purpose yet it was chosen?... lots of lithium plants working everywhere why did we have to go through this...
It doesn't matter what us investors vote, GR has enough backers to add another 100 billion shares should he like. We are the ones that have been tish on. Most people here are under water and all we can do is wait for the inevitable. GLA
Anyone with knowledge of Prem past History.
Just what is the problem here. Is it a fact that Mr George Roach will not request help for the technical problems he is facing and is to proud to ask for professional help, I feel investors patience is at its lowest ebb and something needs to be done a.s.a.p. I do not know but my feeling is to Mr Roach get professional today . The expertise is available to you and we have been waiting far to long for our investment to come to fruition.
K
K
Acker i hope you vote NO on the next EGM. How many times do we need to get diluted accompanied by broken promises before people oust him out?! A new experienced CEO/Project Manager would have an immediate positive impact on price. The market is tired of GR obviously. Even Mark at Stockbox laughs at his replies, jist watch his smirks when GR talks.
Moanygirl
you have zero experience or knowledge in this field, so what you are saying is false
and dont say you can read between the lines, cos you cant
again, you are gossiping and putting gossip in others heads
have you reported Prem to the FCA yet
Martinigirl
I agree with you, the Stark fiasco would take years to sort out, is the CEO totally blameless????
I also agree that a further EGM looks certain, another 5/10m to cross the line.
Acker
There is absolutely NO WAY GR can avoid asking for another ton of cash before June.
Remember, he told us he had booted stark out as nothing worked, and now called in the heavy hitters.
Today he in an RNS (better written than his usual) explains that only very few things on the plant work as intended. Yeah George, you do blame a range of other parties for that, true to tradition.
George also VERY cleverly states that “PREVIOUS” cost calculations came in at $800/t at mine gate, completely avoiding to elaborate at the CURRENT cost at mine gate, now where capacity is only 1/3 of expected, but 300 staff still involved. And I can only assume he now owes the OEM technicians a ton more money, also NOT included in the “previous” $800/t at mine gate. I may have missed it, but I do not recall CanMax ever agreeing to picking up product at mine gate ???
Anyway, I see a $5m cash call landing any time now. Todays RNS was George warming up the audience for it….
PREM will never see a penny from Stark, the process would take years, years that PREM cannot afford. Judging by the content of that RNS, I'd be surprised if they don't raise funds in the next week or so and call an EGM for further headroom. Bankas won't be willing to lend money on the current costings and price for sub standard product. Not looking at all good
The ones this morning that were saying the RNS was good have gone quiet......
Hope GR has a good litigation lawyer lined up...
Starks must compensate for not delivering on their contract ...
Go get em Roach...
It sounds like this share is done.
Can't see profitability ever coming.
You live and learn! No wonder AIM is doing so badly. I guess the majority of people get stung and just take their cash elsewhere.
Not really , the so-called saleable is 4-6.2%, Li2O3-4% China CIF is merely $485/t! so even Prem managed to sale some, the nameplate capacity of SC6 of 4000t/month is NOT achievable for a long long time. With current hand picking (instead of machine sorting), 3rd party financing is a very tall order ! hence a money loosing operation to last for a long time , WHO will finance this ???
That RNS is not good. It's anything working well? Seems not.
Acker - jumping ship / or shorting this is the right call now. The fund raises are going to be at .10 or lower. And an EGM will need to be called.
As much as i think ill get my 0.15 this week i think ill wait for the next placing as i think itll be around 0.12
Cringsing
I take it you have or are about to jump ship.
Acker
@acker
“plenty of profits left”
1) you need to produce it first
2) you need to sell it at a high enough price
3) you need a ceo with a track record of blasting through technical and financial challenges as if he was downing his favourite pint.
otherwise, there is no profits.
In my opinion - NOT A CHANCE
24% down on the month
53% down on 6 months
81% down on 12 months
Litmus test. If a ceo repeatedly blame everybody else but himself, and are cagey about who specified what, and who owes money for mods and repairs, then one should worry…
Botuney
IMO the drop in sp affords a magnificent opportunity to purchase Prem shares, the dilutions may make them cheaper still.
Working from this base the % return just over this year could be and should be quite outstanding.
Acker
The problem with George is it is always would have, could have, should have and in due course. When will he actually get this to full production.
Nice to see aimlower still slating certain shares yet talk about GST and how it has still not improved in all this time and he defends it to the hilt with his gang of followers despite all his/her ramping of it.
Is that why the share price dropped over 52% - in the last 6 months?!
Aim Higher Still
There remains plenty of profit in Premier, more than most on AIM.
Acker
Sorry, was meant for PHC forum
Are people still buying this dog??
Wow, snowking certainly did a job on you all.
Well done PHC, that’s a fabulous rns today. No wonder people are buying
Bridgedogg1
Difficult to calculate but will offer a guesstimate:
Price per tonne after Canmax discount applied $1100
Cost of production $800
Margin $300 per tonne
Nameplate 4000 tonne
Acker