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George does seem to have a particular way about him, an ability to work the "cult" into a frenzy with his off the cuff remarks in interviews, most of which are generally followed by radio silence and then the bad news quickly followed by a Stockbox interview where Mark gets those leading questions in and George releases another frenzy inducing comment.
Some of his highlights:
"Ask me next Saturday"
"We're hours and days not weeks..."
"I firmly believe....."
"I won't need the extra day "(February 29th)
There's loads more. I know there's an old picture doing the rounds on X about rampy posts on Stocks I think it's called AIM Bingo, maybe someone should do one called Roach Bingo, free bag of mica for a line, 2 bags of talc for 2 lines and a bag of dust for a full house. Should be able to clear the warehouse in no time at all, free up some space for Canmax to fill with SC6 when they take over Zulu.
Can I ask how you are calculating your risk strategy, with prem.
I am curious as I know the share price is cheap now but from what I have learned in the last year I could not risk anymore in prem. I still hold, but not for one minute would I consider buying anymore at the moment.
Gr has repeated let share holders down, we now only
Have a couple of months worth of funds to keep the plant running,
There have been no updates on the plant, since 12/4
Does the interest rate not increase from
Tomorrow? Still no mention of sorters either ?
Yoglet , I reckon 50% chance
Raydaar in response to your post . You seem to forget this is a board to share info and for people to make estimates of what they think is happening .
I am bullish on prem and now hold close to 500 m , been buying slowly for weeks . I maybe wrong , but I expect prem to get producing at say 2000 tonnes in may amd 4000 tonnes in June with plan to double to 8 months in 6 months .
I expect spodumene to climb from $1335 to $1500 in next three months .
I expect mutate deal in may to demonstrate prem is going to be a monster .
I may be wrong , but I put my money where my mouth is .
My bet is rns in the morning
I sit and review the absolute drivel that is posted here
It’s an aim share
I am up at the minute and invested /have been down
It’s a gamble
Suck it up
What will be will be not a 5 times bagger maybe 2/3
Or a total loss
Spodumene
Quite correct, you can juggle the plant around as much as you like. If the spudume is not going in then it certainly not coming out. QUARRY FOR SALE !
You'd know, sing
😜
GR was himself waiting on the full mine report from the new contractors. Maybe it was worse than he expected.
Worthwhile ??
GR told us months ago we were hours and days, NOT days and weeks away from continuous production…
It’s obvs a personal choice, but demonstrating gullibility so publicly online, seem a bit silly…
Correct. Unlike many on here, he only speaks when he has something worthwhile to say.
@Acker
The price of spodumene is of no interest, as there is no spodumene to sell, other than the few bits GR handcrafted in the lab out of specially selected ore..
CRINGSING
It's not like GR to be quiet - past few months he has been quite vocal with almost weekly updates......
ACKER…
Cannax is now creditors and debtors at the same time with the due accumulations of penalties. Then we are also due to pay contractors too.
The main issue here is once Prem rectify the plant and start production with the right quantity and grades then all other issues would become easier to resolve with outside finance happy to help GR.
All depends on starting revenues and acceleration of production with the right grades.
Anyhow I have added more @ .1868 p for longer term or M&A activities possibilities.
GL
Yes - JG. The warriors feel they must type something.
Even though it's meaningless, irrelevant or guesswork.
Often all three!
Z Pei is calling the shots here - and all must await his advices.
😐
Mick we all know that George is a stranger to the truth at times and that he is responsible for this mess , hopefully the experts can get the plant operating and producing asap. !!
I honestly don’t see how we can financially survive if the production date keeps being pushed back indefinitely?
If we had an update shareholders would at least be able to make an informed decision rather than constantly guessing !!
GEORGE can we have an UPDATE !!!
Pretty much the only accurate and of any importance info' posted on here for weeks...
Days away from Production?
I remember last summer when Mark was at the Zulu plant and George was showing 1 Ton bags of spodumene that the plant has just produced, can anybody tell me how much we sold them for?. If I remember GR would not let mark look or film what was in the bags so we just had to take his word that it was spodumene in the bags.
Hasiba - who told you we are at the cusp of production? Remember George saying that he wouldn’t need the last day in February to start shipping , then a month later he admitted that nothing was produced and the plant was not working.
Moved up 2 to $1135
Acker
Hasiba
Whereas I enjoy reading your enthusiastic posts one must face a certain dose of reality.
I think you are getting debtors and creditors mixed up, I think you mean creditors are not complaining.
I doubt this is true, I would imagine the legal costs relating to the failed court hearing are being pursued quite actively.
You say you have no concerns; may I ask where you think the money will come from to pay the accruing creditors, April has produced no revenue, May will only contribute a small amount and even June will not allow sufficient surplus to clear debts.
At the current share price, the company would quickly reach the share limit granted by shareholders.
I estimate that Prem is short in finance to the tune of £ 5/6 million.
Still, there are many loops to jump through.
Acker
Hasiba
Is it standard for debtors or contractors to complain? I imagine the contracts themselves would have clauses against "negativity" within the business, to the public. Even if it is not in the contract, how often do you see this things play out in public? If people closely working with a company have issues, they deal with it internally, not publicly. I could be wrong, but I believe that is generally how it works.
I have 0 concerns on Prem coming out of all this malarkey and the negativity when we are at the cusp of producing what’s required from the plant…
All at the site to make it a big success..
Debtors are not complaining,contractors are not complaining and the only bed wetting souls are keep on printing and guessing…and of course the shorters and Prem haters who want to see Prem down…
Yes I am positive and holding two truckloads!
GL holders
GR listened and updated us all this morning.
His silence speaks volumes.
GR never shy away from bringing even small news bits forward if these will be construed as positive.
Having now called in the A-team however puts him in a difficult position.
Remember, the Stark story as why they couldn’t get it to work has been entirely suppressed by GR, who just referred to them as numpties.
As the A-team are the specialists from the equipment manufacturers, he can’t easily call them out as numpties, and expect them to silently be his scapegoats this time.
In other words, GR is out of plausible excuses
My point was it's not ADDITIONAL debt.