The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Agreed Pei is a billionaire, and have to say must be a very clever individual, lm pretty sure at this stage he's probably thinking Prems CEO is an absolute clown ,but he has him just where he wants him ,by the short and curlies, one has to feel a bit sorry for SK with his 200 million plus shares ,if you believe a word ,last month he was bragging about becoming a millionaire, next month he'll be totally broke
Https://www.forbes.com/profile/pei-zhenhua-1/?sh=279b11f8728a
Pei is pivotal and very important to Prem, and it's very surprising that he's rarely (if ever) mentioned here.
His businesses have a virtually insatiable appetite for lithium/spodumene, and he'll take all he can get!
Shrewd and smart, Pei won't allow a few delays to affect his aim of world EV domination for him and China.
If Snowking turns up it will be for a mini pump before the next set of bad news š³
Hearing all the negative posts gives me think this might pick up soon, as long as SK stays away we still have hope
Please George can we have some news we have all been really patient and this is starting to irritate !! š³
Yet more complete guesswork!
Zwenhua Pei - billionaire and major player in the EV business, lithium etc. - is the Canmax major shareholder.
Around a long time with a massive reputation to protect throughout the entire world. ZP may be the No. 1 man, in the entire lithium game.
But keyboard warriors can predict his strategy, plans and future....
š¤Ø
You can bet your life on that canmex have this all well legally tied up. They are the best in the world at that ,asked anyone who has done business with the Chinese, and they will tell you, out and out sharks ,speaking from experience
Precisely, all shareholders wiped dryā¦
Why not google what happened to the large U.K. services group InterServe. Company faulted, shareholders (mostly bottom feeders as here) was wiped out, but the business continued under new ownership with mostly same management team without skipping a beat.
It was seen as a successful event as most staff were unaffected. Shareholders are per definition taking carrying the risk.
And yes, CanMax are owed loads. They will not blink, but no point in a strike yet as George still can raise money from elsewhere whilst trying to fix the company.
No point for CanMax going for full ownership whist nothing works.
Litmus test:
How certain are you that CanMax arenāt already owed way over the value of the company ?
Quite simple to me really ,Prem have a market cap at present of $57 m ,the way this is heading very soon canmex will be owed more than the company is currently valued at ,that my friends when they will step in and take the lot for 0
Tbob, yes to highlight the red flags is acceptable, but to constantly post negatives, when we've got to assume that they have an investment here, in my opinion is not, go through Raaydaar, Martini girl and Jagalinth posts and you find one that is positive, that's not balanced opinions, opinions that 99 out if 100 are posted not as opinions but adulterated facts.
Nobody needs to be constantly reading them. The RNS'S are there for that.
Anyway good luck to you and all invested here.
I'm off to watch the nags today, enjoy your weekend.
Good luck everyone!!
Wullie14 - last time I looked this was a discussion board where a variety of views can be published. The worst people are those who will post positive comments regardless... does more damage I'd suggest. Nothing wrong with people expressing different views... in fact, that's what makes this interesting!
As for the lack of news - it's not good but par for the course where GR's concerned. I still have faith that there's plenty of sc6 that can be produced by this plant eventually BUT it's getting more and more costly in terms of time and money and interest. Have to say that I'm getting concerned about GR's ability to see this through to production and our Chinese friends may well be playing the long game, waiting for GR to run out of road.
When is the next placing to pay for the new sorters that need to be ordered. And Iām guessing other equipment. The new pipes and valves are already installed, George said by last Saturday. So that means more issues. Or that George ordered the wrong pipes and valves which also be the case
@wullie14
one benefit to people being realistic about penny stocks like prem is a warning to new investors. is there a difference between scaremongers, haters, just *******s and objective views? yes, it's a shocker, there is a difference. but that is your answer, because people should be warned when there are red flags.
yes we all hope prem works out, but if you can have people just praising it and attracting new investors (potentially suckers) then you can expect and accept the opposite as well. if you believe in your investment then the detractors should mean nothing to you.
They both post around 11pm when the Ovaltine becomes too much to handle. Has anyone ever seen them in the same room?
Raaydaar, Mr Marcus Alder, invested more than 3% in another share ALGW, who is 8 times cheaper 1.2p than it's peak at 8p. No RNS there since December 2023. And every day given us his advice on PREM. No need to say anymore. Martinigirl is invested in the same share as well.
Raaydaar, your constant criticism and scaremongering of George and Prem is just as predictable and more profound as Snowkings ramping, why?
Everyone now knows that the reason there was no application for the export licence,was that the Zimbabwean Government need to see what it is that is being exported. And due to the continual failings of the plant(which are in the process of being rectified)hopefully sooner rather than later, there will be enough produce for export, let's all wait for the next RNS, as for repeatedly going on about finance, we all know that is on the short side, that's why shareholders voted strongly to give George the leverage of (more) dilution. So again no surprise there.
No ones at this time what the current situation is, until we have an update through RNS, so it's make your mind up time, sell if not hopeful, hold if you are, what I don't understand is why anyone would invest in anything, then continuously slate it, and by all accounts, appear to hope it fails, FFS, what's that about, Crazyness.
Here's hoping for some good news, God knows, we all deserve some.Regardless it's the weekend, don't get too dispondant, make the most of it, enjoy yourselves.
Good luck everyone!!!
I've no doubt Snowking will be back shortly with another vague statement that purports to be knowledge in his vain attempts to get the price up so he can profit from the mug punters. Its unlikely this will see 0.4 any time soon, if ever again. There's shares to be issued for debts and legal payments, cash in hand won't last much longer so there'll be yet another raise which will see the headroom gone and provide enough working capital to last until the end of June. Silence is never a good thing from PREM. The pipe upgrades have clearly not rectified the issues to a satisfactory level or have revealed additional problems, the sorters still need to be sorted, the control systems issues haven't been confirmed as resolved, nor have the sensor issues. There's probably more wrong with the plant than there is right, even now some years into the process. Still no news on the export licence they dont have for product they expected to ship over a year ago. Something doesnt quite sit right with me on this part, all those times GR told shareholders he "expected" had "no reason" etc that yhe plant would produce, yet had no export licence in place, a simple and basic requirement anyone with any sense would ensure they had. Did he know all the time they wouldnt be producing and lied to shareholders? Or is he just incompetent? PREM cannot and will not survive beyond H1 if these issues cannot be resolved by the end of next week
Still waiting for the next pump to get out of this.
Part of me wants to just sell up now (for a loss) but I just know as soon as I do a random pump to 0.3-0. 4 will happen.
I'll certainly be jumping out at anything close to 0.4.
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 canāt be monetised is worthless but we are producing the assets but canāt process it to the required grades and quantityā¦
Letās see in the next few weeksā¦
I havenāt 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 sentimentā¦
Majors taking over minors who despite several attempts cannot make it work ??
I canāt 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 isnāt to find it. Itās 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 materialā¦ No major is going to buy into that bet.
Clueless ..good post
Whatās the possibility of T/O bid or selling /JV prem assets to sort out this ā¦
Best time for a bidder to snap Prem while at its low..ācourtesy of GR leadership ā!
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?
All you can do m8 - you have no freaking idea what's happening.....
š¤«