Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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My point was it's not ADDITIONAL debt.
Raaydaar 29th April "doom & gloom"
Raaydaar 28th April "doom & gloom"
Raaydaar 27th April "doom & gloom"
Raaydaar 26th April "doom & gloom"
Raaydaar 25th April "doom & gloom"
Raaydaar 24th April "doom & gloom"
...
snowking 22nd april "we should get a update this week" " lots of money to be made here , it just timing . let’s see this week"
snowking 18th april " if the plant does get fixed in next 48 hrs you will see the buying pick up as peo0le on ground leak that info . so watch this carefully as if george gets this fixed at long last the % movement will be dramatic and we can see this do 100% "
snowking 9th april "
so if we ship next week , i suspect shares will rise dramatically . if we ship last week of april , then we may dip before rising end of month .
but by may we should be well funded and shipping and planning 3xpanding operations ."
sorry tony, but you've been way off and thankfully you're little insinuations have done very little to help your trading position. you and i both know how this works as does everyone else.
youve sold, hedged and bought that supposed firm holding a dozen times over, playing on the feeble and weak minded followers youbhave in the group, just enough of a pump to get that banked profit at their expense.
things must be bad over in the telegramp group though, not even deadeye can be bothered to attempt to spin the silence and whilst noel is trying his best, the realisation is finally hitting them, the dissenters won't last too long though, maybe in a week or so it will just be noel, deadeye, snowking, ross and goonergirl left and they can all blow smoke up each others ****s on how they managed to control the plebs and get them to keep on buying.
Let me guess. They kicked him out also:)
Not even ramps in the teleramp group. Never a good sign
Now we just need snowking telling everyone about how mutare will be listing soon and those funds will be used to bring Zulu into production. Ahhaha
Nelly, it is obvs NOT debt YET on the PREM books but is money received in exchange of delivery of product. If the agreed delivery is missed, CanMax have several options, one asking for the prepayment to be returned. Assuming PREM can’t do that, I reckon most people will agree it then becomes debt….
I have no idea of how many delivery targets have already been missed, but can’t see any way PREM will ever catch up, even if plant reaches nameplate capacity.
I reckon another GR presentation is imminent, explaining the new probs, and I will go out on a limp and predict the key cause of delays is variation on ore material being wider than plant can handle of agreed parameters/tolerances, which I (by the way) think is what Stark has already told GR is the reason of all the probs.
It's NOT additional debt Jaglith. It's an amount of the prepayment that has become liable to be repaid.
Let's say for arguments sake the amount Canmax has paid (for product) is £35m. The amount that is liable to be repaid in the short-term is a portion of that number, so for example £10m instead of £7m of that £35m is now owed, due to late payment.
It's fundamentally not the same as adding £3m to the amount that has to be repaid, to make it £38m owed.
Nelly - this is the same sort of advice that prem got when they didnt want to pay china zenith. And then promptly lost the lawsuit file by china zenith. Canamx will just take prem to court. Prem is running out of road to hide.
It's not additional debt Jaglith. It's a further amount of the prepayment, that Canmax can demand if they choose to, under the revided prepayment agreement.
The debt is unchanged other than the accrued interest.
https://www.lse.co.uk/rns/PREM/offtake-and-prepayment-agreement-nztaaecscxjocyq.html
CanMax $3m closer in taking over….
Big week this week. Another 3 million in debt added to the existing debt for non delivery.
its next week or bust literally. no one will listen too the **** roach ever again
"RNS expected latest Tuesday I believe so hopefully, no more guessing :)"
"Not from Snowking, I'm not in the PREM group, only speak to GR or Wilna. Going away for the weekend so have a great one all :)"
I find it fascinating how people use wordplay to avoid being held accountable for anything. Instead of saying "George told me directly the RNS will be out by Tuesday", he actually says nothing and of course excuses himself till next Tuesday. Naturally, if all this is true, he can't really do say it directly like that because then it makes George look bad again if he doesn't meet the deadline - but then why say it in the first place?
Ok, I'm gonna throw in one of mine: The rns, i heard some whispers, will be out on Monday at 5 PM. I'm going on a trip around the world till next week, so don't bother asking for details about my sources.
Snooze fest whilst we wait on good/bad news.......
Well if it was positive news I would expect a last minute rally 😏 but here’s hoping
Dazed - enjoy the weekend. And if you have George’s ear, tell him that it’s been over a year since he said that plant was operational. George might still think it’s 2023 and he’s on target.
Not from Snowking, I'm not in the PREM group, only speak to GR or Wilna. Going away for the weekend so have a great one all :)
Dazed - is this info from snowking? Hahaha.
….. and you source? Or more guesswork
RNS expected latest Tuesday I believe so hopefully, no more guessing :)