Member Info for Altag

JV or RBL funds or bondholder....there's three hares running. Even a modest placing would raise the near term share price imo, they don't need to place all $15m now

Kod doesnt even have the proper permits/licences to mine anything......Prem is gonna be cash generative in April

The Prem profits trumps the kod prophets

Desperate! I’ve multi bagged already and will again I’m sure……no of shares is irrelevant. Market cap still very small when you look at deals already done in Zimbabwe for lithium deposits

In at these levels…..complete no brainier!

Any chance you guys could drive this down to the 5-6p range again, I’d very much like to pick up some more please. Thanking you in advance.

What I haven’t seen much discussion since the RNS is why at this point COPL decided to now admit the placing shares to the official list with the corresponding need to submit a prospectus and fess up to the FCA that we hadn’t notified a placing that had occurred more than 12 months ago

Seems rather odd to me especially as at the moment there is quite a lot going on and this would have been expensive both in terms of cash and time to compile the necessary documentation

My view is the most likely reason is the capital structure of COPL has come up in due diligence in either the JV or RBL facility…..I can’t think of another decent reason. Anyone got another realistic theory?

My guess is fessing up now might mean one of these in an advanced position. Art not doing a post RNS interview to explain the position would suggest it’s more likely to be the JV as he’s under an NDA

I could well be wrong but it’s what makes most sense to me of the RNS and the very detailed prospectus that hasn’t been produced to place shares!

Intra day RNS was naughty….no way was it possible to take in all the info in a considered way. Canadians had the right idea of suspending…..I actually took advantage of the drop to average down massively but it was a press the buy button and hold on to yer ballz in case you lost them too type of moment!

To get the best price surely it’s better to have a “Dutch auction” going……much better to have more than one party involved!

Brendan done ok imo.. Last minute replacement for George who was meeting the Suzhou chairman at the time. That meeting with the chairman was much more important than some two bob presentation

Lav - yes fully appreciated and that is massive because it gets us moving but we have given away a hefty chunk to do it....that is all I'm saying, it hasn't been given to us for nothing

51% of the subsidiary (direct) and indirectly 14.8% of our now 49% which is another c7% - so 58% of project gone

Lav - I understand we have given away 58% of the project upside........don't understand the irrational comparisons to Prem, don't see point in comparing apples and pears both have pros and cons

Asher ... I own both or is that against the LSE rules! I just don't see it quite as others but i am use to that

Why have we given 51% away for $94m - lost control of project and a massive amount of the upside. Am I the only one who doesn't think this is the best deal in the world.

Don’t see as much execution risk in option 2 now with the Chinese aboard who are chomping at the bit for the spodumene …. negates a lot of the risk in my opinion

* yawn

Hi Bongo

I was settled nicely at the end of one of the rows ….. your questioning of George was on point and fair.

I was the one that asked him about what he saw as the key risks and how on board Suzhou were with the plan for the pilot nine

I too am very happy with my investment in prem and feel better than the last meeting I attend….so progress definitely being made

Altag

Management team are now well incentivised to get price of shares up…..gotta be a good thing for all us shareholders. Also likely to be loyal as ties them in for the next couple of years (until end of 2024) which is a critical period for Prem. Less likely to jump ship and cause prem operational issues

Don’t understand the mountain out of a molehill people are making out of this

It’s not 200m to management team the vast majority of the options was going to management team not the board, the management team ard we also paying 0.4 or 0.5p for most of these shares!….this is normal practice on loads of companies I’ve been invested in…

Option Schedule

122,500,000 of the Director Options and 202,500,000 Management Options will be exercisable and converted into ordinary shares in the Company at a nil cost on the sooner of 31 May 2023 or completion of the Definitive Feasibility Study at the Zulu Lithium Project.

65,000,000 of the Director Options and 202,500,000 Management Options will be exercisable and converted into ordinary shares in shares in the Company from1 December 2023 at a price 0.4p.

65,000,000 of the Director Options and 202,500,000 Management Options will be exercisable and converted into ordinary shares in shares in the Company from 31 May 2024 at a price 0.5p.

65,000,000 of the Director Options and 202,500,000 Management Options will be exercisable and converted into ordinary shares in shares in the Company from 1 December 2024 at a price 0.5p.

As I mentioned in the meeting the vast majority of the shares they are receiving are at either 0.4 or 0.5 strike price…..if you think they are getting such a great deal why don’t you buy at 0.3?