RE: Guessing25 Apr 2024 23:02
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