Member Info for ACKER

Jag

Do me a favour,will you stop treating the Zulu business as if it is still under the same management regime?

Hill inherited a right bloody mess; he is turning the business around, but it does take time.

There is a group of interested parties, and as Snowking correctly stated, more will come.

Companies are desperate to secure long-term supply contracts.

Acker

Thank you to Alert for highlighting the flotation finance,worth another posting:

Balance of cost of Zulu Secondary Flotation Plant

$ 500,000.00,the balance due on 2nd flotation plant.

Acker

Snowking

I agree wholeheartedly about the viability of low-grade spodumene and its vital importance to Zulu.

The lower grade is outside the scope of the Canmax deal,can be sold at the gate and come 2027, as an industrial mineral is not included in the export restrictions. The sale of industrial minerals will play a vital role in securing a cash flow, especially in 2026.

With respect, I think you are getting confused on output figures. There is common agreement that the Zulu nameplate equals the production of 4000 tonnes of concentrate per 28 day runnthen you apply the recovery rate to achieve saleable product. At a recovery of say 50 %, this will give you 2000 tonnes of SC6.

The same principle applies to the lower grades.

Also, Graham Hill has opted for a 28-day programme; he will not achieve 2000tonnes per month, and he will get two paydays every 3 months, working based on 4/7 days of basic maintenance after each 28-day run.

IMO Hill must increase production at Zulu.

Acker

Great result overnight.

$2130 up $95 [4.67%]

Acker

So at the end of the day, the matter of the Goddard payment remains inconclusive, has he or has he not.

I am sure someone like Hill would have mentioned Goddards in the RNS,if only to settle shareholders doubts.

Not good PR.

Acker

A few more in the pot.

Acker

Jag

Rather than attacking my posts, maybe you could give your opinion on the current subject,do you think Goddards have been paid?

Acker

Jag

As explained to you the other day, Hill can ask for another 25 billion shares without having any effect on the SP.

It is ONLY when he issues the shares that any dilution comes into play.

He may use the sale of the low-grade spodumene to assist finances, or my small JV may come to fruition.

A lot in the melting pot.

Acker

Jag

I remain 100% confident that Prem will not default on the $400,000 first instalment.

We have discussed the EGM many times,you know my thoughts.

Acker

There is another scenario, in which Prem has raised the money but not yet paid.

We could have another RNS later, before 31/01 stating that funds have been released to Goddards.,

Acker

Jag

I must admit to being a little confused by the RNS

I would have expected something like:

"Premier is pleased to report that it has settled the first instalment of the debt management agreement with Goddards, a payment of $400000 [£298,000]"

What are your thoughts?

Acker

Raaydaar

My sincere apologies, conversation noted.

Having read the RNS again, are we sure that the placing has cleared the Goddards debt of 400,000? I am having doubts.

$400000 roughly equates to £298,000. Am I missing the details in the RNS?

I would have thought that Goddards would be mentioned in the RNS

Your thoughts would be appreciated

Regards

Acker

Flotation Plant

RNS:

"Premier's principal priority and the basis of this funding is firstly, to complete the purchase of the 15-20 TPH flotation cell plant manufactured by Xinhai Technology Processing EPC ("Xinhai Flotation Plant") to enable Zulu to produce product at commercially acceptable levels of grade and recovery. Secondly, to partially fund certain operating expenses at Zulu as part of the installation of the Xinhai Flotation Plant and ongoing creditor management."

This suggests to me that, as well as paying Goddards, Zulu will use the placing "to complete the purchase...." of the flotation plant.

If this were not the case, I would have expected reference to "paying a furter installment ..."

Acker

Raaydaar

With respect,now reread the RNS, which deals in "£" whilst debts are in US $

You will need to convert before doing your calculations.

Acker

At last, we, the shareholders,can rest easy knowing that the flotation plant has been acquired, that for Zulu and some associated cost met.

In addition,good work on settling historical debts and funding the debt management programme.

Hill is slowly turning the company around.

Acker

,

Would be rude not to.

Acker

Jag

Looks like you were wrong again, added this one to the ever-growing list.

"Acker - ah, ok. So you think the 400k will be covered by a placing. What price do you think CMC will give? My money is on 0.02. So 3 billion shares at 0.02 pretty much wipes out the existing share ceiling. And that’s if cmc what to take the risk. They still have all those 0.0525 shares they can’t sell"

Never mind, you can always revert to "London lunches"

Acker

Silly boys

Acker

Just a small technical point:

The RNS refers to monies in "£"

The debts are in US $

Acker

ProfitBags

Here is an extract from one of my posts put on the BB a couple of days ago.

100% correct.

"I think he may go for a sizeable call this time, pay Goddards, settle the debt for the new plant, pay other trade creditors and general working capital for Zulu and Premier."

Acker