Member Info for ACKER

Of course, the SP will rise; there is a placement coming.

I think the details will probably be tomorrow.

Acker

B-Positive

All this research you are doing--the debt to Canmax is nearer $60m

Acker

Yep,placement.

Acker

B-Positive

To post that you are privileged to industry price-sensitive information and that you are using this information to seek commercial gains/rewards is not the done thing.

Surprise LSE has not wrapped your knuckles.

Acker

B-Positive.

Reveal your source. You are peddling insider information. Be careful; it is not allowed.

The SP would be flying if there were any credibility to your chit chat.

Acker

Allowing those in the know to get out before SP tumble.

Acker

Dazed

Be a good boy, or I shall put you back in the cupboard.

Acker

It will take another 6 months [minimum]and a lot more money before Premier can demonstrate that Zulu mine can reliably produce grade and tonnage.

Only then will Glencore show tangible interest in the project.

Acker

You won't get Glenmore to commit any funds within the 3 month assessment period.

Acker

Sol001

Good boy.

Acker

Sol001

Keep your head in the sand.

Acker

Sol001

According to Mr Roach it will take an uninterrupted production run of 28 days to prove Zulu can achieve nameplate production and acceptable commercial grade.

You are asking an awful lot of the plant to go straight into a 28 day run without any gremlins.

At the very best, the plant MUST be production-ready after 2 MONTHS.

It is important to refer again to the Glencore LOI

Premier has agreed with Canmax Technologies Co., Ltd to use its best endeavours within the next three months to have the letter issued as a binding agreement subject to pre-conditions inter alia that the plant achieves the required grade and tonnage.

The plant has 3 months to achieve the required grade AND tonnage.

Not a hope in hell.

Acker

Sol001--cut the crap.

If the agreement proposed that it would take 3 months to get machinery up to production readiness then a 3 month production run to achieve reliability and grading then yes this would appear on the cards.

This ,IMO ,would require two fund raising events,in broad terms one for working capital one to pay accumulating creditors.

Acker

Sol001

".....could involve Glencore purchasing spodumene " a vague open statement.

should replace "could" with "would"

In your post you will be looking at two months to get plant up and running then a further one month production run.

There is not enough time set aside to prove Zulu as a commercial unit.

Acker

Sol001

Yes,get all the plant up and running AND achieve GRADE AND TONNAGE.

Not a chance.

Acker

Edging my bets on the low 20's for next cash call.

Acker

Boys,boys the posters you mock know more about Premier Africa than you will ever know.

Your ignorance is on display for all to see.

Acker

RickyK

No, I think he will have to call an EGM for shareholders' permission to raise the ceiling.I believe he will require many millions to get Zulu across the line.

Also thinking that a further call will be required during Q4 to service accumulating creditors.

Acker

Bolta

That may be so; however, any manipulated rise is only for the next placement.

Acker

SMM reports a notable drop in spodumene price.

Price down $18 to $725.

Acker