Ming Yang Smart Share Price (MYSE)

When Canmax take it to court next week, PREM is screwed

Dont worry about making product, PREM will be hamstrung

Not only is there no other buyer for product in Zim (unless PREM take the hit and send it to SA at more cost) , but if they enter a new deal an announce it before the court has judged the case (probably early 24) the deal will be used to calculate Canmax compensation.

PREM is screwed until this Canmax issue is sorted out.

Post Canmax deal it has potential but shareholders face the real risk of major dilution.

I blame the CEO, anyone daft enough to open a mine in ZIM and even dafter to think they could go into bed with the Chinese in ZIM has no wisdom

PREMs CEO expects the share price to drop!

Read the RNS!

He is getting repaid in shares, hence he wants more back for his loan.

Why is anyone buying?

This week alone via RNS we know

* they want to raise multi millions from a share issue

* the CEO wants repaying a loan in shares for more than he has sold them for at current prices

Big dilution is staring you all in the face.

Use todays ramping to short and increase your share volume.

Percentages of going to Singapore court?Today 11:22

99% yes

1% no

There is no case law PREM can use in defence of the failure of plant and machinery to have a Force Majeure Notice.

This whole episode will cost PREM dearly

While its unheard of a Chinese firm buying up shares to do a takeover, by the time PREM is diluted to around £0.00.10p maybe Canmax will pick it up on the cheap.

That is if PREM can actually raise the money to pay back Canmax including compensation.

51

Dear rampers,

Please understand, you dont value a company based on the asset value it owns; assets cost money to get out of the ground.

They cost even more money to get out the ground when they are constantly waxed up.

And to make matters worse, they cost a small fortune to get out the ground and sold when you do it via a death spiral finance agreement.

But if you want to keep ramping the ‘asset value’ in your head is multiples of the companies value, then feel free.

All the best, no one is forcing you to buy and hold COPL shares

Nice to have so,e clarity , more required going forward