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The plant has been in commissioning since April of 2023. So technically we are in month 13. In the April 27, 2023 RNS George wrote "Following commissioning of all plant components, work on optimisation of the plant and process control procedures to achieve nameplate throughput continues".
“One tweet of plant working”……
As I recall it, we have had several announcements of the plant working.
GR entirely skipped the commissioning part which is easily 6mth on a chemical plant (what this pretty much is), and we are now maybe 1 month into an effort of getting things to work with a new band of guys. Meaning, the next tweet might well NOT be as positive as you hope.
And we all know what sort of news GR share, if he remains quiet for a while….
Worth a look while it's quiet here. Hoping to move my profits there back into this before the news on the upgrades!
Side pump
George still standing in front of a pile of pipes and valves trying to read the instruction manual for a ‘lithium producing machine’ as he calls it
Hahah, no he didn't. He said to Mark he may know more about when they may ship next 'Saturday'. If he was asked on an interview, he may have more info..
Quit all your surmising and whinging and just wait for news.
Ha! Funny how people that have sold out know exactly what is going on. One tweet about the plant working and this will could double in one session.
There is a lot of whining this this morning. GR said 9 days ago that he on Saturday (just gone) would know if plant is working.
As with GR, good news break early, bad news break late, it is a NO.
Stark are gone. It was a costly experiment for shareholders. GR reputation is in the gutter.
Hopefully the new contractors can turn it around for all involved. We have all the ingredients for success - plant, mega ore body and a big supportive partner. The plant will get sorted - its just a matter of whether that happens before shareholders lose patience. A key factor is the Lithium price. The only way is up from here so the economics of the plant and the whole area should improve over time. This is a key inflection point as we all know. Lets start generating some revenue!
Some of the Sentiment for GR is very justified. I doubt anyone could argue for what he hasn't done over the last few years compared to what he said he would or by when. He lied through his teeth only a few weeks ago during an interview ( The IF NOT HOURS speech ) How many weeks later?
All holders should be supporting him at this moment in time because IMO because it is either going to fly or go bust and i doubt any of us invested wishes to lose our money.
George is a 1st class CEO. he is able to fleece shareholders over and over again ,as long as he is able to maintain his lifestyle he's on the pigs back ,and yes he did invest some funds into prem. But be rest assured he has had received a lot more over the years than he has invested
If only George’s attention to detail was as good as mine. Took him 14 to recognise that the pipes were the wrong size. Another 14 months to realise the sorters don’t work. By 2028, George should be finally ready to produce some sc6
Everyone calm down , this time next year we'll be millionaires.
In my opinion, even if all the modifications were completed over the weekend, their would be no need for a rns , it needs to be run for at least 48 hours to test
The results
This complete joke. It probably the most dishonest CEO I come across! He lied and lied to shareholders on all media! God only know what is the truth!!.
The longer the week goes on without an RNS the worse the news will be. GR doesnt even know what the truth looks like anymore. he just says what he thinks we want to hear
GR said parts would be on site Monday. There were.
Everything else remains to be confirmed. Hopefully the new contractors know what they are doing.
@Bridgedogg1
Like every week, it's a big week ^^
What is it that we are expecting this week?
It’s a big week for Prem holders.
There's no flies on Jag!
Well spotted m8 - no RNS.....
🤨🙄😒
Guess George’s reply to ‘ask me on Saturday’ was, more delays
Redandy , we are agree . But from recent interviews and rns I can see the progress . It does seem it’s the last part of the plant being currently fixed . We should get a update this week
Snowking you are right that it has been a ?hitshow !!
What makes you think your guesses will be correct this time ?
You mention that progress is being made well it should be with all of the man power and money that is being spent .
Unfortunately at the moment we are all still guessing ??
sprint , i agree it’s been a **** show the last year . but what matters is what is going to happen going forward . because of the repeatedly missed timings the shares are down 80% plus . but if these problems are corrected and we get to production greater than expected in coming months and get a mutate deal then we go up 400% . so lots of money to be made here , it just timing . let’s see this week . i am confident progress is being made . whilist i don’t believe we will ship this month . i am betting that modest production if sc6 starts within a week . but what ever we are very close to an rns saying plant now running producing sc6 . just need last bit of patience . once there shares should do 100% very quickly as. starter