Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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It’s very negative, I’d question that guys motives personally.
Why do you say that Billy? can you point out where you think he was negative because I thought that was quite a fair analysis tbh
I agree , too negative a slant for example . Prem getting independent analysis of the cost of producing spodumene . That is surely a good thing , so why buztech highlights it as a negative . Too many people just looking for negatives unnecessary and biotech is one of those .
The goal posts keep moving by people on here . You cry out for production of sc6 , you get it and you change to want immediate shipping . You got to produce first before shipping .
George and his team have at long last overcome stark legacy and we are producing , canmax look to be accepting early shipments at lower grade . Those two facts are superb . Shipping is highly likely this month . Do you recall posters only 72 hrs ago laughing when some on here suggested shipping in May , well they won’t be laughing soon .
The share price is down 80% to a floor price . It’s not rocket science to see where this is going taking a view of a few weeks or months .
George in Harare for meetings , let’s see how they go .
Exciting times at the moment
Exciting!! Go back to bed m8.....
The problem is SK, with every positive there seems to be a caveat, e.g producing spod however not as much and not at grade, yes it's great we are producing however is it enough to make a profit? and if it's only a matter of time then at what point will he need to dilute further. A lot of ifs and buts, but we keep the faith :)
SK, Biztech is right, he keeps it real unlike you, those consultations cost money. Who is paying for them? You?
Overcome Stark legacy?! In the video he spelled it out: we still have sorters, seperators and the milling to fix and ramp up. You think he'd be talking of pursuing litigation if he believed all issues left behind by Stark were resolved?
Shipment in May? He clearly said "Shipping in May would be ideal for us but I hope in June". Stop lying to people mate, keep it real.
We have zero chance of shipment and revenue this May, about 20% in June and about 50% in July. Your predictions have become terrible, and to think you use to be one of the most reliable posters.....
I've been saying since early April: we have time and funds to end of July for some shipments and/or extra funding, after that we need to worry of further EGMs and raises.
Profit gas , I did not say revenue in May but I expect shipment late May , let’s see what happens .
Profitbags - talking about keeping it real... Where do you get your about 20% in June and about 50% in July information from - was this mentioned in any of GR latest interviews?
Or is somebody else not keeping it real...
PB I will have to watch again, my memory is that GR stated production ramped up by end next month, and for all the niggling changes that need to be made, I did not hear GR say they stop us getting to nameplate production.
SK I agree with comments that GRs wording is always defensive. If he had said in the RNS what he said in the interview it would have come across more positive. GR gives a detailed account of the issues to resolve and everyone assumes that each issue is the end of the world as opposed to an optimisation hurdle.
Biztech criticised the need for a professional to advise on the mining costs, if GR did it himself everyone would just call him a liar. Clearly he was being conservative and now seeks independent advise not only on actual cost to mine but probably looking at where savings could be made. Another part of optimisation.
I really don't know why half of the posters are invested. Yes its been a long road with many disappointments, but lets not forget that GR holds a shed load of shares and wants success as much as anybody. If people don't like it they should sell up and move on save the LTH's the headache.
I make predictions like everyone else, based on ky calculations. Except my predictions are more realistic. Others shout whatever and move their goal post every fortnight. I've been saying the same spiel for well over a month and so far getting it right. GR is easy to read like an open book and sorry to you that can't read between his blurred lines.
But hey, by allmenas do believe in crazy ramping predictions and telegram groups, they certainoy seem to know better.
Doesn’t seem Mr. Market is listening to you blowking. 8m traded in first hour with production imminent? I think someone’s telling porkies.
Last summer George also rns’ed production targets. After a few months he admitted nothing was produced. Same thing can happen again this time around
Jaglith
based on what stark told him
you need to look closer at the stark F.UP's which are now being resolved since they have been kicked off site
To be fair, the mill wasn't Starks mess up. The mill was a 2nd hand unit brought over from RHA - this is documented on the Twitter from August last year - and it looked rubbish did the video of it running back then - looked buckled
The ultimate responsibility of all mishaps,shareholders dilutions and delays with broken promises lies with GR.
He had plenty of opportunities to remove Starke when they failed miserably with the pilot plant but instead of sacking them he appointed them for the bigger plant and wasted more money and decimated the shareholders value. He is not fit for purpose and must go soon if we want our investment to be in a safer hands…
On more positive notes Harare meetings and approval to export the tested materials will be crucial if all goes well…
Hasiba and Craignews
opinions vary on where the blame lies
where a contractor who has been employed to design, install and commission the plant, who has full automony over their order fails to delivery what is required, then the blame lies with them.
stark sold GR the dream and fooked up. Their design isnt fit for purpose, so additional plant was required and undersized plant has to be replaced
they advertise snicker chocolate bars on buses and taxis, but the buses and taxis dont sell them!! and the drivers wont know how they are made
watch the difference over at KOD and who they employ to build their plant
it wont be stark that is a fact
The original mill was not up to the job and had manufacturing defects on top
the 2nd mill from RHA was a temporary replacement, whilst awaiting for the 3rd new one to arrive
Jaglith please pay attention to whats going on we already have salable spodumene !
Snowking if they ship in may we get part payment as it leaves site so the money will start flowing as soon as the wagons leave zulu .
I cant remember but do prem get paid when the shipment leaves the mine or when it arrives at the destination harbour?
I thought the biztech video was well balanced and asked all the questions that needed to be asked, unlike the stickbox interview which didn't cover anything that shareholders need to know. Every shareholder knows that the money is fast running out (if it hasn't already) and the RNS says clearly thet at least one new sorter is required, new tank is required and a new mag sep required, there could well be more as the RNS only mentioned "some of the issues" so there are obviously more than was released in the RNS or mentioned in the interview. It's a legitimate question to ask how all these things are going to be paid for as the last raise was enough for opex and to pay some debts. There will have to be further raises over the coming days to cover OPEX alone so that's the remainder of the headroom gone. I don't imagine sorters, tanks and mag seps are particularly cheap
I would imagine the OEM company are buying the required plant not prem. maybe they will accept invoicing term of 120 days, who knows
they got the pumps on site quicker thank stark would have
Gazza they get part payment when it leaves mine the rest when it reaches destination mate :)
Things seem to have turned a corner since stark left..I'm personally hoping for steady and gradual kiazen style improvements in all areas but you would think the flotation circuit improvements seem to be the least costly and quickest. Maybe we can get 50 tonnes per day of SC5.5 or even 6 with just the flotation circuit improved..another placing is surely on the cards though and soon is my guess