Member Info for ACKER

Chaffy99

The goal posts move every day.

Acker

Chaffy99

If all goes to plan Premier has an even better chance of being one of the top shares for 2024.

EGM called, the CEO requires another 5 or maybe 7 million to pay accrued creditors and to finance the completion of the total reconfiguration of the Zulu mine.

The money is granted and Prem continues towards nameplate production and rapid expansion.

The EGM has resulted in a sp of 0.08/0.10.

With Zulu at nameplate, finance sorted, and Canmax's continued support the market would be settled.

Your 0.08 investment could easily rise 500%, this would give an sp still below 0.50.

This ignores other revenue streams .

Acker

I believe the CEO and Canmax will re-negotiate the terms and conditions and extend the April 2025 deadline by 12/24 months.

In return, Canmax will take a larger slice of spodumene output and expect a greater discount.

I cannot see any commercial benefit in Canmax making a move to secure Zulu.

Acker

Jaglith

I disagree, I think RHA has a future.

Better get Zulu sorted first.

Acker

Cringsing

You and your friends had better jump ship.

Acker

I think you are all taking a very narrow view, Prem is more than Zulu.

Remember there is a $20m debtor on Prem books, the company owns 50% of the other lithium assets and it has other mining interests.

All this rubbish talk about liquidation.

Acker

Just a reminder,

Settlement of all amounts of Product due under the Amended Agreement will be subject to a new Long Stop Date of 1 April 2025, and should Premier have not delivered the required Product or provided Cash Settlement to settle the Advance Purchase Amount in full, and provided that Canmax has not elected to take settlement in new ordinary shares (the "Outstanding Amount"), then Canmax will be entitled to receive as settlement of the Outstanding Amount, a direct interest in Zulu Lithium based on a project valuation of US$200 million.

Acker

For goodness' sake, will you all stop bloody moaning?

If it is that bad get out, sell

Acker

Gosh.

The can kickers are out in force today.

Acker

Looks like a queue is forming at the cliff edge.

Acker

On the Canmax issue, there has been only the word of the CEO that all is well between the two parties.

It certainly would ease the market if Canmax put out a statement of continued support thus confirming the CEO rhetoric.

I do agree somewhat that at present Canmax is in a very strong position to take Zulu if it so wishes and as each month goes by the position will get stronger.

The CEO will be well aware of this.

It troubles me slightly that in recent conversations the CEO is placing more and more attention on "other assets"

Interesting times.

Acker

Daz423

That is utter nonsense, I do not influence this BB.

Acker

Daz423

The particular scenario has been discussed over many months. No one needs to "Mark my words it's coming"

Acker

Come on George, get the placing for 6.5m done and out of the way.

Pay o/s creditors, progress with Zulu alterations, and open the export gates.

A very passionate interview, keep up the good work--nearly there.

Acker

Premier will get Zulu across the line, may cost another few million.

Acker

Billy, I don't trade anymore.

My view is that the company has very little choice but to come to the market yet again and ask to raise the ceiling.

Expecting between 5/7 million.

Yes, I would expect the SP to drop to 0.10.

After the EGM I would expect the Pheonix to start flapping its wings and a rapid drive towards nameplate production.

At the moment I will remain a supporter of Mr. Roach, he has faced countless problems with some of his makings.

The game is still being played,I still truly believe good will come from the fiasco.

Acker

0.10 seems a reasonable price for the placing.

Acker

TT1981

It's a very encouraging price.

Acker

I really don't understand the panic in some posts.

Acker

BillyBob99

Will you please inform the BB about what you have seen?

Thank you

Acker