Member Info for ACKER

IMO George didn't raise enough at the last EGM.

Prem should have raised £10 m minimum.

Acker

George has been hoping for the past year.

Should Prem start production in May, insufficient revenue will be generated to solve the situation.

The market is well aware that any rise in Sp will be met with further dilution, the share price is literally chained to the company debts.

As mentioned previously, I estimate that Premier will require a further £5/6 million to straighten the books, which looks like a further EGM.

Acker

There will be no sustained rise in the SP until the accumulating debt is under control.

I am rather sickened by the whole situation; the CEO came cap in hand to shareholders for money specifically to clear certain named creditors, has this been done?

It is now the 3rd of May and as far as I can ascertain the named debts remain in the book, I cannot find any confirmation that Goddard has been paid or the fees for the failed court case.

I did not vote "yes" for Premier to use funds for "general working capital".

I was hoping that all this would be cleared up, however, we are still facing the situation of ever-increasing debt, no source of revenue, running low on funds and being unable to call upon third-party finance.

It is one bloody mess.

Acker

BillyBob99

It could fall in your lap.

Acker

I'm hoping to see 1000 tonnes leave Zulu during May.

Acker

Clapa929

It will have to be one grand RNS, the SP is faltering, there is no trading volume and confidence is low.

It would be disastrous to try a placement at this level.

CEO will push the market with inflated "good news"

Acker

JG

You cannot "get back in" if you have never left.

Acker

Sorry guys

I have seen George play this game many times, all he wants at the moment is to push the sp to get a placement.

It is just a general review of the plant, note he does not say how long the plant has been running.

Not as joyful as most of you.

Slow progress.

Acker

Botuney

Yes I agree, you and your sidekicks have ruined the BB.

No point posting.

Acker

Moved up 2 to $1135

Acker

Hasiba

Whereas I enjoy reading your enthusiastic posts one must face a certain dose of reality.

I think you are getting debtors and creditors mixed up, I think you mean creditors are not complaining.

I doubt this is true, I would imagine the legal costs relating to the failed court hearing are being pursued quite actively.

You say you have no concerns; may I ask where you think the money will come from to pay the accruing creditors, April has produced no revenue, May will only contribute a small amount and even June will not allow sufficient surplus to clear debts.

At the current share price, the company would quickly reach the share limit granted by shareholders.

I estimate that Prem is short in finance to the tune of £ 5/6 million.

Still, there are many loops to jump through.

Acker

As I understand it all forward credit must be repaid by 01/04/2025.

For whatever reason I cannot see Zulu clearing the books by the time agreed, however I can see Canmax extending the period of settlement maybe for another 12/24 months, and by doing so Zulu will offer more attractive discount rates.

Any new agreement may involve the EPO region.

If Canmax wants Zulu spodumene, there are options available to both sides.

Acker

The price hasn't moved for a few days.

Acker

Wow,an early start for the Muppet Show.

I am just waiting for the other member to contribute.

Acker

Come on George, get these placings out of the way.

Acker

Get a grip guys.

Keep it real .

Acker

Hornedfrog85

Far too wet and cold to prep, still have another 4/5 weeks before planting out.

Acker

125 broad bean plants were put out this morning, greenhouses and polytunnel checked and watered, potting on leeks and prepping sweet corn growing area this pm.

Acker

Snowking

Your view on the week ahead?

Regards

Acker

Anyone betting on a 6 pm dilution RNS ?

Acker