The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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George has been hoping for the past year.
Should Prem start production in May, insufficient revenue will be generated to solve the situation.
The market is well aware that any rise in Sp will be met with further dilution, the share price is literally chained to the company debts.
As mentioned previously, I estimate that Premier will require a further £5/6 million to straighten the books, which looks like a further EGM.
Acker
Mr N, of course he is hoping that, the question is if the plant can deliver it. At least it seems to be running, there's still hope I guess
Acker, surely he's hoping he can get to some sort of regular production so that he can pay off the debt with less shares. I can only imagine that's why he hasn't paid yet. Which must mean we are nearly there 🤞
Amen to that Acker!
There will be no sustained rise in the SP until the accumulating debt is under control.
I am rather sickened by the whole situation; the CEO came cap in hand to shareholders for money specifically to clear certain named creditors, has this been done?
It is now the 3rd of May and as far as I can ascertain the named debts remain in the book, I cannot find any confirmation that Goddard has been paid or the fees for the failed court case.
I did not vote "yes" for Premier to use funds for "general working capital".
I was hoping that all this would be cleared up, however, we are still facing the situation of ever-increasing debt, no source of revenue, running low on funds and being unable to call upon third-party finance.
It is one bloody mess.
Acker
We have been shown bags before Mughal, I won't be happy until a RNS comes out with clear language stating the amount of salable product and the grade, also clearly stating that there are no contaminates just to be sure. At the end of the day we either sell and take the hit or hang on and hope he gets this over the line before the money runs out.
That’s the big if that hopefully George can give us 🤞
It's very interesting how constant delays, lies, missed deadlines, debts, increases, 12-month warnings, etc. suddenly turn into a big, happy celebration. Nothing official has come from PREM yet and we should wait and see what comes in writing.
I think the only way share will move up now if George can show share holders bags of spodumene at grade SC6!!!
Great post Bridgedogg1 , we've all been round the block with this share , lots of us including myself wished we had sold at 1p but we didn't.
Onwards and upwards !
Just waiting for the required fund raise. Then might buy in.
Party just started
If you don't believe in the share anymore, sell up and move on.
No one trusts George anymore. I’m sure even the nomad is fed up.
More reraking of old news.....
Personally I've been warning about Prem for 12 months. The constant delays, lies, missed deadlines, debt, raisings etc. Its all a nightmare. But the last placing seems to be enough to now get the plant operational and producing SC6.. This is the key turning point, and while it seems like there have been a lot of those I've never bought into them before. The idea that 'this time its different' - we have new contractors on site, we have been told what needs changing, have seen the equipment arrive and now seen the plant up and running. The share price is at a 3 year low and very little of what is posted on here impacts that. 95% of those on this board are either already holders or lost out and bitter on prior share price performance (or both). I hope holders, including myself can see the value being realised here and maintained upwards trajectory.
ZP - the Canmax major shareholder - who is the real circus master!
https://www.forbes.com/profile/pei-zhenhua-1/?sh=2c78ae1728a4
Do you trust Zwenhua Pei?
Personally I follow the share price and what drives it.
I don't trust GR one bit.
Yes. Isn't that what I suggested? Lol
Positive sentiment returning in anticipation of delivering figures.
That's what drives the price here.
Onwards and upwards in anticipation.
Have to agree with Martinigirl. There is a 'Cult' following Prem/GR. No matter how bad the news or the long periods of no news, and even the videos of a plant that is not up to production expectation; the 'cult' see only positives and deluded hope.
Great that its working, but how much is it producing and when do we start deliveries
Great. Thanks for the thumbs up.
Onwards and upwards then
Posters should know that this is extremely boring.
Nobody cares about your personal squabbling 😐
So it's my understanding that from the video the plant is back on and has been for a while?
We are awaiting figures then..