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Both have same phrases both have same misspellings....hmmmmm🤔
Botuney
What do you expect me to say, we all are aware that for one reason or another the construction of the Zulu mine has met with many problems.
I'm taking the view that, at last, the problems have been identified and solutions are available. Pipework is such an example, a design fault not a maintenance issue. and this will be rectified next week.
Acker
Maybe it will be rectified. Perhaps it was the 'Thank you, Mr Roach' remark that hit a nerve! I have no sidekick. Farewell.
I just can’t get over people not fully understanding the issue with the plant,
I still can’t get over the fact how much time and money has been wasted due to the incompetence of stark really beggars belief then I turn my frustration to GR basic when they couldn’t fix it after 6 month latest or when the mill isyuse arose get and independent who had built or commissioned plants ugh
Anyway
Just a matter of time now just hope it’s before canmax really loose their patience
Furion, what makes you think you re uniquely placed to understand what is happening? Maybe other do understand and you are not a lone messiah? The company has lost tens of millions in value already.
Now its a consideration of where we will be moving forward. Take your chance to be in, or not. You cant really argue strongly either way because it is all so uncertain and there have been more f ups than we can count. However...
@bridge
Don’t claim to be
new people turning up not knowing difference design faults and maintenance
Or up to speed with where we are at
I have for me a sizeable investment here down 50%
I just want to see positive progress from GR not concerned with he said she said or people trying to scaremonger
Don’t see why you have your knickers in a twist
I pointed out a simple fact ?
Furion, apologies maybe I misinterpreted your post. Many people saying that because there have been issues in the past its not worth investing now.
Yes Stark has a lot to answer for. Questions over GRs lack of a timely response but I guess hindsight is a great thing. The question is how much did he know when he was telling us 'production this month' every month for 6, or was he also misled and was passing on what he was told? Anyway that is for the future, I'm sure shareholders wont let it go with so much on record. Much more confident in Zulu we now have a new team on the ground who know what they are doing. We may even start to realise some of the value in the wider assets.
I see you are invested and hope it comes good.
No problem appreciate that and accept that.
Yes I believe Stark need to be and should be held accountable. I firmly believe they led GR astray and kept reassuring him imo it’s all in hand and just teething problems. As they were just learning on the job basically for me.
Yes hindsight totally but I just wish even canmax on handing over for them pennies a sizeable amount of money would have suggested we would like to appraise and verify designs etc maybe some of the issues would have been spotted I don’t know or have some one on site etc
I am more frustrated as many because of Starks incompetence we all were led to believe all ok circa 12month ago with imminent SPOD production and delivery by x. Now that made me and others believe and act upon that so surly can be considered as misleading?
Due to that I moved a sizeable amount from RR into here believing within 3-6months my own est see bags loaded up heading to canmax then return those initial funds to RR. I always intended to have a long position in RR.
But ended up being locked in here missing out on the next substantial leg up in RR. But that’s my doing no problem with that, but the decision was based on the information from ceo of stark and prem.
But as you and others have mentioned it’s done looking ahead now hopefully GR through his embarrassment and hopefully on principle alone will want to prove to stark and naysayers he can see this through and become a producer.
Rant over
Upwards and onwards
GLAGLTH
The responsibility of all the mishaps must be with GR as he is sitting at the helm and questioning his competence after repeated share dilution and more dilution of our shareholders value to rectify his own wrong decisions and more liabilities towards contractors and Canmax…
I definitely wants him replaced not immediately but after successful production and start of shipments once we are sailing on calmer waves.
Giving him a way out and blaming Stark doesn’t wash out with me as he is the one who selected them..
Anyway we have to move forwards from here and good progress is being made and I am far more positive with my current investment. I took advantage of recent low sp and bought with my full isa allowance here!
Enough ranting!
GL holders
Good rant ! Look Like TR-1 notes are coming!! GLA
My gut feeling is another placement.
Note the sells, back door open
Hope I'm wrong.
Acker
Placing not churned yet. Give it another week at least.
George needs to pay for the lawsuit PREM lost to China Zenith. that means George must be working on another placing at the moment.
Placing wouldn’t be an immediate priority for GR but getting some positive news first is , then he can raise at much higher price .
Good Production SC6 and constant working plant are my priority for now as this will also open external financial support…
We are moving forwards with the right expertise onsite..and it seems GR is listening as his head is on the chopping board if he doesn’t perform well this time..
Hi Acker - not sure if you are a realist or a deramper - keeping an eye on your posts & will decide later :-)
That's right yeah, Acker has been a constant deramper for the last 3+ years
he has never said anything good about the company, ever🙄
Hasiba - it is an immediate priority. PREM lost the China Zenith ruling and the arbitration ruling is final and binding. so prem has to give China Zenith 1.35 million USD worth of PREM shares. That's another 600k worth of shares. So George has already used up close to 3 billion shares out of the 4.5 billion. and that's not even paying Goddard for their work in 2024. PREM doesn't even have enough headroom to deal with the Goddard invoices. George - let's get an EGM in the diary!!!
Didn't he have a 300k overdraft :)
Well you know what overdrafts are like. I really fancy a takeaway but cant really afford one hmmm... I do have that overdraft, it is just free money sat there....ah one won't hurt
15 pizza's and 100 beers later your car breaks down and you think ahhh, erm, maybe I should not have dipped into that overdraft after all😁
Once Prem proved itself and starts production sc6..all his debts will be resolved…one way or another. I don’t believe another placing is imminent either. We have enough funds now to raise later at much higher.
I am only interested in the plant working constantly producing SC6 in good quantities..
Most mining if not all and big oil companies in massive debts but as long as they are generating revenues and profits to manage their debts .
Debts become serious when the company fails to generate revenue and profits…
Holding strong with confidence..
GL holders