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Bridegroom,
You seemed to ignore the fact that if prem pay nothing back to canmax this year , then canmax don’t get prem or Zulu plant . But they get a small % of Zulu valuing Zulu at $200 m ie .32 p a share .
How come you failed to mention that .
I’ve been rereading the terms of the prepayment agreement. The problem as I see it is prem have prepayment of US$34.6 million plus accrued interest to pay back.
That will come out of any product sold. Not only that but from 1 June Prem accrue $4m to Camnex until the prepayment is fully settled. How long will that take?
So due to the delays there’s already:
-$6m owed for the period 1 November 2023 - 28 February 2024
-$9m owed for the period 1 March 2024 - 30 May 2024
Then the amount owed to Camnex goes up to $4m per month until “the Advance Purchase Amount plus, interest has been settled in full” - so the amount accumulating and owed does not stop when sc6 is shipped but from when the c. $40m of sc6 is FULLY DELIVERED.
Now even under the absolute best case senario by the GR supporters that has to be some time away. So far away that the amount owed will be close to or even exceed the market cap. The only reason Camnex hasn’t picked this up already is because it will simply drop into their lap after Prem shareholders have been rinsed to get the operation up and running.
Now far be it from me to be cynical but getting all this mine for nothing is worth a huge amount to the Chinese. I’m sure they would have been willing to pay someone say $10m (not forgetting someone’s salary) to completely F this up to just enough that Prem pays for it and Camnex pick it up for free. How else would you explain the terms of the prepayment agreement and the farce to date. Can someone be genuinely that inept? Being generous maybe it was on the Stark side. It is Africa after all.
Anyway, even If there is an RNS staying nameplate capacity reached over the weekend, that’s still no where near enough to save this one. I’m out Tuesday 8am.
Luthee is he invested directly in PREM? I haven't seen his TR1, or is he just a Chinese businessman with an interest in PREM through an association with Canmax? Not worth mentioning someone when they're not worth mentioning unless of course you're trying to achieve an agenda
Significantly you never mention Zwenhua Pei
Do you even know who he is?
Hint - Canmax.......billionaire and major shareholder
Keep up please
Luthee PREM won't last another 6 months let alone another year without production and if they've any hope whatsoever of getting to production then there'll have to be another fundraise. Company has no cash left and the bills continue to mount up. Question anyone should be asking is do you trust George Roach to see this project through to production or are the issues just too big that the Chinese will cease to support and make a land grab? Sorters still not sorting so the issues they have are pretty darned big and as patient as they've been (aside from pre force majeure) Canmax won't wait much longer before taking Zulu leaving PREM with nothing more than a couple of Carrots (Mutare and Circum) and RHA, so that's pretty much the end of PREM as neither of the carrots nor RHA will be cash generative any time this decade
A year is fine m8
This was always a long term investment
With Canmax & Zhenhua Pei supporting - the ultimate goal will be achieved
Goal = an insatiable requirement for lithium....
You won’t see 0.40 for at a year….
I’m confident
I can’t sleep, I’m making too much money
Over 400 posts in the last month!
Have a nap gg1....
Without a pump the placing is going to be brutal. The mine will need to be full operational for how many months/years to repay the 6 months + delay.
The only hope is a placing after a pump to clear the decks.
Same position. I want out but no point selling now.
There's always been an opportunity to get out on a pump and dump so far.
Just hoping for one more.
yeah you might get your wish billy knob and that'll lure in to feeling like a proper smart asre, then if drops you'll be back on here ****ging george and blaming every fcuker for your stupidity.
so enjoy your weekend while you can!!
Raaydaar there is nothing more predictable than the content of one of your posts, fact,.. If anyone here doesn't have belief in the fact that George can get producing to nameplate, please sell up Tuesday morning and then we can all rid ourselves of the constant bubbling like babies on here, you've all read the RNS'S done your research, so you either hold and trust your judgement or you sell, might be at a loss but if all the doom mongering actually comes to fruition at a smaller loss than at present.
But ffs can people stop blaming everyone else for their punts.
It's an Aim stock, all hit and miss.
But there is a mine there and plugged in, which is a big positive to say 3 months ago, so take it easy if holding, and let's see what transpires.
Have a nice Bank Holiday all
That's what's important.
Good luck everyone!!
Looks like I’ll get my top up order filled next week, radio silence will see this drift lower……
There IS a point dbh - if you think you'll lose money!
Let’s just get the placing out of the way at an amount that means there will be no more. This will mean another egm but that is better than death by a thousand cuts. I am coming close to the end of my tether with GR but there is no point in selling now.
If you look back at other GR videos you'll see that what was said doesn't come true.
The last one before this said something along lines of a significant progress step and it was definitely happening. Days later.. Nothing.
I don't believe anything at all that comes out of prem. It's constant empty promises.
As said. Just waiting for next pump to get out. There's no point selling now.
Daar........🥱🥱
What RNS??
Lol at you lot, you moan about getting an rns, then when one comes you moan about it.
GR been back on the PR drive again with videos of machinery working. Nobody has a clue what it's producing, some claim inside information and are sharing, which is very suspicious especially as that individual has a history of pumping this ahead of a raise.
Timing is everything with GR, when it comes to delivering on his promises to shareholders time is very elastic, Hours = Weeks=Months= No production of anything we can sell.
However, and this is where I think things are, GR is very predictable when it comes to getting everything in place for a raise: Start a bit of PR, have a chat with Snowking and agree what to leak. Wait for the week before a bank holiday to put the plan into action and then hit the suckers with the RNS after hours on the Friday.
I’ve seen starks welding who built the plant and they advertise it on link in you need to QC that sir , it looks good to the untrained eye but there is no strength 😳😳😳😳😳😳☕️🤠
Wow - we have a talking Dogg...
Lol - Unfortunately a very typical reply from a simple but ultimately useless observation on my behalf...
I do not even wish to check on your posting history Mr Dogg - If you are paranoid about my QC activities then that is solely your problem - to which i really don't care...
Down boy -
Wow we have a floatation plant quality inspector on the board. Must have provided some extensive technical observations in the past relating to this
*check posting history*
Not so much. Are you sure you are being honest with us?