Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Jenkoo,
Agree with everything you said.
I think what George is saying is that if they exceed the nameplate numbers by 25% then we’re likely to process an addition $3m per month, and he will then feel obliged rightly or wrongly to chip in for the upgrades / fix’s that have taken us above nameplate output.
What I did take from the stockbox is that the numbers quoted by Stark are likely to be the absolute minimum / conservative, which if beaten each month right up until full production in December will bode very well.
But as always let’s see.
Https://twitter.com/premafrimin/status/1663540591882297346?s=46&t=f4VrV81Xjc9c_NKCug9IFw
Https://twitter.com/stockboxmedia/status/1663463568128262151?s=46&t=f4VrV81Xjc9c_NKCug9IFw
jaguar,
i hope you’re wrong. that will be a full 12 months since george quoted hot commissioning (february 15th 2023) here we are late may with no idea what’s going on at site. a social media blackout and an unhappy / disappointed investor.
i personally don’t blame george for the mistakes of stark, these things happen. i do however blame george for misleading shareholders and being, let’s say vague with the truth.
it’s all very well him saying he didn’t know but it’s his job to know, he’s ceo. i expect he knew as early as when the last site media tweet was sent - all the way back on the 2nd of may.
onwards and upwards but let’s not pretend there’s not been an almighty f-up here and blatant b-**** from ceo.
one has to also question his choice for a zoom call - where he could cherry pick the questions himself and bypass anything he didn’t want to address. it would explain why he chose this over an interview with mark at stockbox who had some uncomfortable questions to ask him. worst of all when asked on the zoom call what happened to mark his reply was mark who! let’s hike mark wasn’t watching.
Jaguar,
Here’s your reminder.
Many have working mines.
Less have producing mines
Zero have a working mine producing li6 (6%) we know this as a fact because George wasn’t able to tell us as CEO
how much had been produced or the purity of said SP6.
The mind boggles.
Https://twitter.com/premafrimin/status/1662057579978031105?s=46&t=f4VrV81Xjc9c_NKCug9IFw
From August 3rd RNS
Marketing
Under the Agreement, Suzhou TA&A will have the right to acquire the first three years of production of SC6, or until such time as the Advance Purchase Amount has been offset in full or the first 50,000 tonnes have been shipped to Suzhou T&A, whichever occurs later ("Term"). The Term of the Agreement can be increased by a further three years, subject to the mutual agreement between the parties.
Johnny,
Good post. The clues were there, I had been ghosted “I will follow up with George and revert asap” as had many others from reading the posts here. Another clue was the complete halt of all media. There has been no site media tweets from prem since 01.05.23 other than retweet’s and RNS notifications. 24 days past with nothing new.
Johnny, I feel your pain, almost 9 years in, I’m sticking for the assets, a sale or George bringing in someone else to steer the ship. Something he says he’s been saying will happen for years now. I’ve lost all confidence in the current captain I have to say.
Don’t get me wrong, prem
need GR, but he shouldn’t be CEO and needs to be accountable now. Which he isn’t, clearly.
I do appreciate this time it doesn’t seem to be a problem caused by GR, but then unbelievable he turns it into one by being economical with the truth, and not for the first time.
I could go on and on but better leave it and not even go there with regard to insider information leaking. Suspected for years but now without doubt.
GLA
profit,
don’t think i can bring myself to watch it again. not a great day for us lth’s - putting it mildly.
i’m not sure who i’m more ****ed at, myself for giving gr another chance after rha. gr for deliberately misleading us and mark for that matter, or stark for its part in this... either way it doesn’t change where we are at this moment. but it does explain why i never had a response from my question regarding revenues weeks back. poor form from the company.
the results in the rns’s looked good though. although that didn’t soften the blow for the other content.
onwards and upwards after one hell of a reality check!
still holding strong with nerves of steel, just having to adjust my exit timeline somewhat.
i’m not sure if i’m looking forward to the stockbox tomorrow or dreading it in all honesty, these things happen but the way this has been handled has been appalling. he had better come across very well tomorrow!
gla
Write your questions in the tweet and Mark will ask them
https://twitter.com/markejfairbairn/status/1661789776192700426?s=46&t=f4VrV81Xjc9c_NKCug9IFw
Looks like there will be a stockbox tomorrow. I’m not sure if that’s a good or bad thing right now 😑
Anyway!
https://twitter.com/markejfairbairn/status/1661783377685491729?s=46&t=f4VrV81Xjc9c_NKCug9IFw
After we drove around the past trenching work we stopped by some current trenching and exploration work #PREM with @Premafrimin Zulu #Lithium
https://twitter.com/markejfairbairn/status/1660603374096588801?s=46&t=f4VrV81Xjc9c_NKCug9IFw
As promised there will be a decent amount of #PREM media this week, the big one being the full plant walk-through
In the meantime here is a tour in George’s Land Rover of the EPO area and past trenching work. More to come on current trenching & exploration work @Premafrimin
https://twitter.com/markejfairbairn/status/1660583386384048128?s=46&t=f4VrV81Xjc9c_NKCug9IFw
Further more, no one cares that you brought today or any other day, other than your TR1’s must be lost in the post again.
With the amount you buy, you can single-handedly clear the placing shares tomorrow )all without increasing your holding so no TR1 ;) )
There wasn’t any news In the rns, it was just backfilling the cash call. There were no figures / drill results for the epo. Unless this is also more inside information that most are not privy to.
Other than that good that we’ve called some cash but that’s not going to last long at $1400 a tonne.
GLA
It was a good day if you have inside information like yourself and others otherwise it wasn’t really.
I don’t mind the raise other than it’s self inflicted.
The rns was garbage though, disrespectful to shareholders (outside the inside information group) it contained no information on current status of production, quality of end product or likelihood to the ship product, tonnage or when. It was laziness.
One has to question your math also. I’m no Carol Vorderman but $1400 x 2000 isn’t $2800 is it. It’s $2.8m. Nor does 3000 tonne cost $3000 to produce; its $4.2m.
Jenkoo,
Email to IR to clarify,
Good evening Wilna I hope you are keeping well?
Great media tonight, pass on my congratulations to George and the whole team as always. Fabulous.
Hopefully you’ll be able to clarify the situation regarding the loan repayment to Canmax.
In the interview tonight George stated that 100% of product would go to Canmax until the loan is repaid.
Would you please clarify the points below and also indicate if you are happy for me to post on LSE your reply to these points.
Have a great day Wilna and thanks in advance.
* Will 100% of the product be allocated to Canmax until the loan is satisfied? By that I mean will we be able to sell any SC6 product to generate funds until the loan is repaid?
*If 100% of product is allocated to Canmax until the loan is satisfied, I’m assuming no payments will be made for the product to prem from Canmax until such time as the loan is satisfied?
*If we are tied to Canmax for 100% of the SC6 until the loan is satisfied are we able in the meantime able to sell any technical production to the ceramics industry as an example as an income generator short term?