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@Luthee
Another clueless new doomsayer π±π±
There just isn't any worse.....anywhere......
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@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
Fantastic! How much have we got?
Pleased to report:
Spod price 1143 + 8
Acker
Dogg, if things go just ok..it will take a while to pay cr@p off, back in early 23 we thought we would multibag just looks like it may be another year or so. tbh if it doubles from here i'm out
Nelly
Why would they convert the amount owed (which I say is $50m and you say is $36m) at the pre agreed valuation of $200m when they can at any time request they be issued in prem shares, as per the agreement. They will just take ownership through prem rather than the project. Basically they own any product produced for the next year and once that is up they will own the majority of Prem. Billionaire Chinese businessman vs GR - no surprise who came out on top.
Also, go through the document you linked and add up the figures. Then add the 12% interest.
RE: Prem10 Jun 2022 00:22
Jenkoo, I've had no additional information. All I can surmise is that something else cropped up. I understand the issues were surrounding some specific wording in the RNS and how best to impart the information, my sources understanding was that this had been resolved, clearly not in time to issue an RNS today. I would imagine that discussions have been ongoing today so if things have been sorted then we will see the RNS tomorrow. I bought more today on the drop and if no RNS tomorrow then I will liquidate elsewhere and add a little more. This is just a trade for me though, in and out when the numbers are right. I dont have enough confidence in Geoege to make PREM a long term investment
It's not like your trying to help people it's just business right martin/Raaydar
Your full of it! if on the off chance Prem starts to do well you will disappear as usual, so why if your not invested don't you just do one? feel free to come back and brag you told every one it would fail if it happens but please for the love of God just do one.
Jaguar, I wish you luck and I hope that you're not banking your family future on this. Future production isn't likely in the near future. The recent video from George was a precursor to another raise. The key equipment to get the plant producing viable quantities are the sorters and they are far from being in a position to work.
I'm not shorting this, I've never shorted a share in my life, I consider it to be immoral and should be illegal. That said I don't think you could get the borrow to short PREM in the traditional sense despite there being 30 billion shares in issue, I don't use any of the spread betting platforms so perhaps one could open a short position on one of those platforms.
Absolutely think you are invested martini, however i think your shorting , so now calm down dear, your just like SK but mirrored.
Why tell us?
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As for prems current situation im loading my platform up weekly then as soon as we hit full production i will be flooding prem with every penny i have simple.
Iam also lowering my average buy in weekly too.
We all know the financial situation but its like kods joint venture they are a long way off having a production plant every share is a gamble but some are higher risk like prem and its up to the invidual if they want to take a risk for a bigger outcome personally im not into safe shares where it can take years for a good gain id sooner take the risk .
Jaguar I am invested in PREM, however I feel it prudent to point out the inaccuracies in statements made by the ultra fan cult members here. The worst case scenario is not that pointed out by Nelly. 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. I think Canmax know this and rather than turn the screws and pile on the pressure, they're happy to allow George to be the master of his own downfall.
I am being funny matinigirl investors dont need your advice in something your not invested in you keep coming on here especially weekend slating prem constantly have you nothing better to do with your time ?
Its like someone telling me how to bring my kids up f all to do with you at the end of the day if your not invested ive zero time for you .
Martini, much as I know that would make you ecstatically happy, GR has never failed to raise sufficient capital to keep PREM afloat. There are plenty of options on the table before we get to being insolvent.
Nelly, the worst case scenario is that PREM fails to generate any revenue over the next few weeks / months and is unable to raise further funds to continue as a solvent entity and Canmax get Zulu in lieu of the debts owed to them.
The revised agreement was supposed to be an incentive by Canmax for PREM to get the plant up and running faster.
Yes, your figures are wrong - this is NOT in addition to the $34.7m pre-payment from Canmax that is to be repaid in product / shares / cash. Only the interest is, plus when Canmax can call in the amount owed to them (which so far they have waived, in favour of PREM getting the plant up to production).
Worst case Scenario, PREM default on the repayment (in product or cash) and by April 2025, Canmax can call in the $34.7m + interest owed as a stake in Zulu, at a pre-agreed valuation of $200m, so they would add approximately 20% ownership of Zulu to their current 13% stake.