Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Yes but we have the right ore with higher concentrations of SC6 but GR mismanagement of commissioning inexperienced contractors with two failed attempts to build a functional plant .
GR spent tens of millions and destroyed our share value caused all this..
I agree assets than can’t be monetised is worthless but we are producing the assets but can’t process it to the required grades and quantity…
Let’s see in the next few weeks…
I haven’t given up hope and still believe the plant will be tweaked but the timeline is crucial here and GR needs to come out with positive progress to change this sinking sentiment…
Majors taking over minors who despite several attempts cannot make it work ??
I can’t say I remember any such occurrences. The benefit of being a major is that you can afford to buy businesses with revenue streams.
Remember, the hard part of the lithium game isn’t to find it. It’s to get it up.
Same with oil really. A business on the Alaskan North Slope now have had independent expert report in their find of over 2bn barrels (value circa $100bn).
The conpany found the oil years ago, the technology to extract is has been available for decades, and their find is literally underneath the transalaskan pipeline. Despite being straight forward take-over target, market cap is 0,2% of recoverable oil in the field they own. Consequently PREM is worth f-all until tons of spod is produced every hour in a chemical process that works only within a narrow band of source material variations. In other words, will it ever work, given the vast variations in source material… No major is going to buy into that bet.
Clueless ..good post
What’s the possibility of T/O bid or selling /JV prem assets to sort out this …
Best time for a bidder to snap Prem while at its low..”courtesy of GR leadership “!
Get ready for a snowking post tomorrow morning hinting at great things to come. And then watch the selling in the afternoon
Botuney, I beg to differ, they are working frantically to get the plant running and stable to enable them to move forwards with production. The fact that there has not been communication means they have yet to achieve it. They have a number of debts which need to be serviced and if they can not do that with any profit they will use the headroom they have to raise it in order to get that profit.
What we don't know is the condition of the plant and no news in this case is bad news I'm afraid
What's don't you get?
LOL
The 100m club.
I'm just making a list of names so I can work out how much they hold each as an average. Imagine as they all feel so strongly, they voted NO in the last AGM.
Wow,an early start for the Muppet Show.
I am just waiting for the other member to contribute.
Acker
All you can do m8 - you have no freaking idea what's happening.....
🤫
I think we can guess the GR is awaiting some good news to boost the SP in order to do the next placing, so expect that news first. if the placing comes before the news I think we are in real trouble.
Seems the telegramp group are now so resigned to bad news that they're discussing the merits of Beer or Lager.
London you're right nothing has happened jn the last fee years that's benefitted shareholders, and it's unlikely that nothing will happen in the next few hours or days, weeks or indeed months that will benefit shareholders. PREM as I see it are pretty much done for, look at today's CORA rns suspension and massive future dilution on terms that favour the bond holders. At least they had the good sense tonget rid of the CEO
Has anything major happen year in the past few years? So why worry about a few hours ;o)
Nothing at all happened, still awaiting the placing of shares to paybthe contractor and the lost litigation. Still awaiting news that the pipes have been installed and are in fact the solution to all of the Zulu problems, despite the sorters not working and issues with control interfaces that cannot talk to each other and stop things they perhaps shouldn't stop, my baby brothers built meccano sets in the 1970s that worked better than this and any issues they had back then as 5 and 7 year old they could work out quickly and resolve. Seems George never played with Meccano
Has anything happened since 16:09?
HOW COME NO POSTS SINCE 1609 HRS ?
There should be a petition to get the @therealgeorgeroach back posting on Twitter. now that account knew what was happening at PREM much more than the telegram group purports to know.
Georgie Porgie, pudding and pie, Diluted the shareholders and made them cry, When the boys came out to play, Georgie Porgie ran away.
C'mon Roach... What you got?
It will be May 1st.
After all this time on this long exhausting roller coaster, I hope we are near to the "First 5kg of SC6 produced." RNS.
George Roach, CEO, commented, "The final step in commissioning Zulu looks to be the changes to be made to the material flow through the floatation plant as described in our announcement of 10 April 2024. These changes expect to see the floatation plant able to accept the design tonnage and to remove the restrictions on potential spodumene concentrate production.
Shouldn't we have news on this first then a delivery one
The required piping and valves are expected to load for site by Tuesday 16 April, and the expectation is that fitment could be complete as early as the week commencing 22 April 2024. A further update will be made in due course".
We all know Georges due course remarks could be a lot longer
It will be May 1st. After all this time on this long exhausting roller coaster I hope we are near to the "First Spod Shipped" RNS.
Any more issues with the grade and Canmax might want to review the data George gave them in the past and compare it with what is coming out the ground now...
Disappointments. first to 100 wins.
Producing what ?
Anyone fancy a bet? Kod will be producing before prem? £10 bet :)
Well everyone who voted to support George at the AGM knew what they were going to get this year. Placings and excuses.