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Moanygirl
im not backtracking for you, if you want to everything is there to prove what i say
all you have ever done is moan, from your first post
we are all in the dark with what is happening, but some dont comment until we know
commenting on what you dont know is equal to gossiping and rumour spreading
do you do the same where you live about your neighbours
Agree with martini.
They do videos to try and hype this thing up.
Eventually an RNS follows letting everyone know the video was a lie.
Rinse and repeat
Gazza, please enlighten us all as to my proven lies. I don't lie, I have no need to lie, George lies more than enough for all of us. I understand you don't like to read what I have to say, and that's fine, however please use your obvious intellect and challenge my assertions rather than throw childish insists at me. There must be an investment case for company that I'm not seeing. Explain it to me.
Snowking, it's now nearly a week since George's little video, still no RNS on production grades or volumes. The plant is clearly still not producing satisfactory product at grade or in volume. The issues are clearly larger than George has stated preciously. Those hours and days are now weeks and months.
I think Iβll get my 0.15 this week, GLA
Martinigirl,
Letβs see what prem come up with . Letβs hope the plant gets producing quality ore this month
Nelly whether I own 1 share or 1 billion shares I am a shareholder in PREM and have a voting right equivalent to my shareholding, as you do with your shareholding. Is the death spiral financing inevitable? I don't know, what I, you and anyone else looking at PREM know is that the cash is pretty much gone, the remaining headroom is enough to pay the litigant and Goddards for their services. As it stands Zulu cannot produce SC6 in saleable volume. The plant is not yet optimised with several issues, the most serious being the sorters. The sorters should provide the plant with optimum quality ore for processing, instead George is using people to hand feed the ore into the plant. There's absolutely no way that suitable grades of ore in sufficient quantities are being fed into the plant nor will they be until the sorter issues are rectified, which by all accounts won't be any time soon. The company is haemorraghing cash to the tune of $50k a day on mining costs alone, add in all the other costs and that number gets much much bigger. The debt for the prepayment agreement continues to increase with compounded interest at 12%. I'll give it until the end of May before the money runs out and another cash call. I think George will get shareholder support for an increase in headroom but for how much and at what price? $20 million at 0.12? Or maybe lower. He'll need as much as possible otherwise the death spiral financing comes into play and at that point PREM are pretty much doomed. TBH I don't think they'll survive through another capital raise, if they can't get ot working now, it's not going to work, just another care and maintenance project like RHA
Martini, lets be honest here. You own ONE share in PREM, simply for the purpose of deceiving people into saying you are an investor.
"Whilst George has historically never failed to raise sufficient working capital, there'll come a time when the market will not support his requests for funding and then the inevitable death spiral financing will come into play. "
"I'm not saying that will happen but it's imperative that he gets Zulu into production of saleable product in sufficient quantities very very soon otherwise I'm afraid that will be the end of PREM."
So is the death spiral financing inevitable, or not? You don't seem to be able to make your mind up.
More scaremongering. Pipe down.
Because the share price needs to be above a pre-agreed level (0.32p If I remember correctly), before that is an option.
You don't understand the agreement, if you think PREM owe Canmax $50m (you previously said $55m).
I'll leave it there, because I can't put it any more simply than I already have.
The longer we have to wait for a definitive update from George will fuel the uncertainty and add additional pressure on the Sp .
Come George we need some good news !!! π€
The last official rns regarding what came out of the floatation plant was George confirming it was talc. Everything else is just the telegram group making stuff up.
Jag - no, you don't!
Wot - DYOR
The issue is that the plant takes in spod ore and produces talc. No one knows how George managed that.
I think you mean 2nd May.
If there is a new video since the 2nd, please share a link as I dont see it on youtube.
Thanks
Why is no-one talking about the video walk through George release on 5th May ? Looks pretty good to me...
Spod price before dawn!
π³π₯±
@Luthee
Another clueless new doomsayer π±π±
There just isn't any worse.....anywhere......
π€¨
@Daz423 π±π±
Ramper or deramper - that is the question? But no matter, both are hypocrites!
Irony is lost on the doommongers
ππ
It's bank holiday mate.
That's when you know you the rampers are full lies.
Trying to place orders on closes market ? It would never show a NT.
Maybe because it's a Bank Holiday
@Jaglith Which stock exchange would you like to buy on?
Iβve trying to buy all morning and canβt buy a bean. Must be a massive order being filled. Maybe a leak about sc6 production?
Bally
ππ